- Trump fears that Fed’s policies will turn him into the next Herbert Hoover
- The Dow falls with every Trump tweet, negative gains for 2018
- Weak people blame everyone but themselves
The collapse of the U.S. economy has to be weighing on Trump’s mind or the name ‘Hoover’ would not have come out of his mouth. He’s worried that the Fed raising rates, which they normally do as the economy grows, will cause a recession.
To be fair to Herbert Hoover, he was at least legally elected president. Not only is Trump’s comparison inappropriate, it’s flat-out wrong. Hoover didn’t cause the great depression. However, Trump, with every stupid tweet and self-inflicted wound upon his own illogical goals, is causing the economy to slow and eventually sink.
He’s scared, we all know it, and his worst nightmare of him knowing that we know has already long come true. Now he wants to blame the Fed in the event of what’s beginning to look like collapse.
Trump’s economy began just over a year ago, and the Dow has lost all of its gains of 2018. Everyday is opposite day as he squats in the White House, waiting for the inevitable day when we fire him either by force-out or through his most likely defeat in 2020. The people and I were told that there would be so much winning that we would be tired of winning. Well, if this is winning, the nation got tired of it a long time ago.
The people and I were told a lot of things. Some of those people I’m referring to are farmers. The trade war has prompted China to retaliate by canceling orders of our corn, soybeans, and other crops this year. In other words, our bread basket is rotting as we have an over-supply and there’s nothing we can do about it but take the loss.
If these farmers can’t pay their bills, they lose their farm. Never mind that the farmers are being sent aid with their own tax money.
It doesn’t take a genius to figure out that in the coming years we’re going to see foreclosure after foreclosure of those farms and the low prices we are currently seeing from over-supply will flip and food prices will sky-rocket.
Not only are our farms failing because of his self-inflicted wound he calls a necessary trade war, the budget deficit has risen much faster than when Obama was president. If our credit rating is down graded again, it will tighten access to things like home and student loans. The dominoes will continue to fall well after we get Trump out of office.
Not only will the housing market fail due to lack of access to credit, schools will face bankruptcy because attendance will fall across the nation. If people stop buying things, employment opportunities will dry up because we know demand is what ultimately creates jobs.
As he and his whole movement, the alt-right, fail miserably, his blame has fallen on everyone but himself. That’s no surprise as weak people have trouble recruiting strong people to work for them and have a tendency to blame everyone else but themselves when things go wrong as a result of their bad decisions.
The man who said that he alone could fix the system that he never bothered to learn the inner workings of in the first place, is being fixed by the system and we are needlessly suffering in the name of making his America great again.