Sen. Rick Scott, R-Fla., discusses the Fed raising interest rates by 25 basis points and Jerome Powell’s poor job in his role on ‘The Bottom Line.’
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<Thanks bud for keepin us financially Educated! Regardless of how bad it gets on the economy, I still make over $22,000 every single week.>
Kamikazee rate hikes 😅🤭
I don’t think anyone really knows what’s going on with this inflation and I would appreciate knowing soon. Things are getting crazy expensive and I need to know when it’s going to end.
Powell need to pay back what he's costing Americans he got to go
😍🤩😘☺️😚😙
Yeah
I’ve been saying it for years to stop by for China but you know the American people are not gonna do that they can’t even stick with a boycott of games or other protest they say they’re not gonna do and they turn around to do it anyway cowards they don’t care about the country all about me Mimi
Bidens been paid off people that's y
Horrible job
That well help, let's have a hearing about your hearing.
France is looking better all the time as a place to live.
Don’t forget to blame yourself and congress too!
The Democratic Taliban party is a criminal organization Enterprise.
The Fed collapsed those banks of course Biden administration ultimately responsible. All deliberate from day one.
BIDEN & THE WRONGS OF MAN – 2023 ??
As history persists nothing has changed
Our days are more dangerous than before.
Most never seek the true facts or answers
They just follow the clowns they fear or adore.
The falsehoods of life shadow man’s soul
Testing our faith, temperament and resolve.
Real heroes defend, unite and liberate
Facing problems with a mandate to solve.
Some gain wisdom by their own mistakes
While too many agonize from conceit.
Far greater are deeds achieved by the truth
Than any practiced by lies and deceit.
The words of the wise are heard in quiet
More than the loud shouts of screaming fools.
Wisdom and knowledge cause stability
In the lives of those who use them as tools!
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George Bush Tom Zart
Powell is right to break this overpriced everything. Do you want hyper inflation. You people are idiots.
Could not agree more!
He will get his comeuppunce in hell!!
It's the bank, stupid.
Increasing the interest rate exacerbates the problem. Firstly it dampens aggregate demand. However, if it is the intention of the Fed to increase the rate of unemployment, then they're on the right track. Secondly, increasing the interest rate, in the current economic climate, is counter productive for it increases the cost of borrowing money. Since every commercial enterprise requires short term financing, increasing the cost of borrowing is in itself, inflationary. Likewise, willfully attacking the domestic, US Energy Industry, beginning with the shutting down of the Keystone Pipeline, effectively destroyed US energy independence, thereby increasing the cost of transportation and therefore, production accross the board, which was perhaps the major catylist for the current "cost push" inflationary environment, coupled with printing and making available an excessive supply of money, led to a condition of stagflation, to be followed up by a recession and ultimately, potentially hyperinflation. Passing the Inflation Reduction Act was in itself, inflationary ! Not convinced that anyone in government actually studied Economics.
Here’s the problem with Senator Scott’s rhetoric. If one demands that a guy catch two falling safes, and he catches the first one while struggling with the second better than others probably would, do you blame the guy for dropping the safe? Senator Scott, Rick Scott to be unambiguous, appears to be descending into that trap. The “root cause”, as that serially-trespassing Camel would never say, is profligate spending. There is only so much mopping up a Federal Reserve Board can do.
Here’s the problem with Senator Scott’s rhetoric. If one demands that a guy catch two falling safes, and he catches the first one while struggling with the second better than others probably would, do you blame the guy for dropping the safe? Senator Scott, Rick Scott to be unambiguous, appears to be descending into that trap. The “root cause”, as that serially-trespassing Camel would never say, is profligate spending. There is only so much mopping up a Federal Reserve Board can do.
You can thank all of the clowns in congress. Republicans didn't cut spending either.
There has always been poor and rich. What made America really great after the depression and TWO world wars was the ever money moving machine that the MIDDLE CLASS represented. It stroke a balance in between the two opposing poles and represented a promise of PROPERITY for those who desire it and a threat for those who selfishly kept it.
Now that meaning is gone with the annihilation of that "in the middle" class.