I want Powell's head on platter...this is ridiculous...he literally wants a crash here to bring down the President.
There is no other way of looking at this on fundamental basis.
Fib
He is just doing his job. This will ultimately be the best for the 99%, yes some will lose jobs, but for the rest they will still make the same money while cost of living is cut by 75%. The president has to put the short term blame on someone other than himself to ultimately do what he wants.
Trump doesn't really care about Wall Street, neither does Powell. The 400K home prices need to be halved. Not everyone can be engineers, Trump will bring manufacturing back to the states, so more people can have jobs. The biggest credit bubble in history has come to an end.
Complete and uneducated bull...he's not doing his job. These Statists have no business having this much power.
Again...tell me why when the economy is growing that we MUST raise rates when productivity offsets inflation? Why must we continue to use the 1970's model as the only one to work with?
The whole thing is ridiculous...incompetent...and anyone who believes that they are there to "help" us, should replace the word help with "screw" and you would then understand the treachery here.
They should take some time and see how businesses actually run in the private sector...darn elitists, darn them all.
Fib
Then raise the minimum wage to $20 an hour. The gap between CEO pay an the worker in the 50s was around 2-3 times, now we have to pay 20-30x while somebody works hard for $15-20. Wages just have not kept up with inflation. so bring down the cost of living and level the playing field.
High stock prices don't benefit the average person.
Why $20...why not $25...why not $50???
And then when technology is invented to replace minimum wage jobs, THEN what are you going to do?
Did you know that corporate tax revenue was an astounding 8 trillion dollars in November with the new lower tax rate of 21% compared with last year's 3.2 billion at 39%. Lower taxes means companies can pay higher wages to those who are QUALIFIED to do so. Minimum wage jobs are for those entering the job market...they are NOT to that of a living wage.
Why are we even discussing this? This has nothing to do with incompetency by a body who doesn't know what the heck they're doing or are, in fact, putting the screws to those who they believe "don't deserve" the credit.
I'm done venting...let the market crash...throw the country into a depression...I could care less now....it seems that's what Socialist Democrats and the majority on this board want anyway.
Fib
Edited by fib_1618, 19 December 2018 - 04:02 PM.
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