Should the POTUS interfere with FOMC's decision?

Should Trump meddle with monetary policy as he sees fit?

  • Total voters
    24
  • Poll closed .
wxytrader said:
The problem is the polarization because you only have 2 competing parties...its a shell game. We have 5 parties that have won federal elections.
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We have more than 2 parties in the US. There are the Green party, the Libertarian party, the Constitution party (whatever the fck that means) and even my favorite, the Communist party (literally WTF), as well as many other marginal ones not worth mentioning.

It ain't like we haven't tried. Ross Perot, back in the early 90s, almost succeeded as an Independent but ultimately backed out.

The problem ain't so much with 2-party system. Heck, this country stood the test of times for the last 250 years with just those 2 parties and still managed to do well. The real problem is that we don't have a friggin' leader who's worth his (or her) salt. They all talk tough, but they're all pompous ass's.
 
Coin Flip said:
The way the system is set up now, the chances of the central bank bailing out Wall Street in the next financial crisis is 100%.

If there is POTUS interference, the chances drop to 99%, with the 1% being if POTUS is of the Libertarian party.

I will gladly take the 1% chance, as the probability is now non-zero. :cool:
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So what you're saying is that if we were to have another repeat of 2008 GFC, and the FOMC is willing to bail out Wall Street again, the president should NOT allow this and let Wall Street suffer instead.

Do you seriously believe Trump (if he were to be elected) would stop the Wall Street bailout? OMG, dude, wasn't it Trump who recently wanted the Fed to drop the interest rate when the inflation was still relatively high? So why would Trump not bail out the Wall Street? He would actually give a lot more than just free bail out in order to keep his political ratings high.
 
schizo said:
wasn't it Trump who recently wanted the Fed to drop the interest rate when the inflation was still relatively high?
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Erdogan dictator of Turkey dropped interest rates in Turkey and inflation ballooned higher.
 
schizo said:
... If the US election is decided by the popular vote rather than electoral vote, then the states with the most voters (which are New York and California) will decide who will win the race ...
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Yes, that is how democracy is supposed to work.
And by the way, Texas and Florida, two red states, both have higher population than New York.
 
schizo said:
If the US election is decided by the popular vote rather than electoral vote, then the states with the most voters (which are New York and California) will decide who will win the race.
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Stated differently, everyone's vote would carry equal weight, and the party with the most votes would win. Sounds fair to me.
 
Refresh my memory, but didn't Trump start bullying Powell when they actually started raising rates during his presidency? To the point where Powell actually backed down and lowered them again?
 
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DaveV said:
Yes, that is how democracy is supposed to work.
And by the way, Texas and Florida, two red states, both have higher population than New York.
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The US is not a democracy. It is a republic. The fathers of the US understood the difference and were familiar with the concept of tyranny of majority rule. That is why the US was created as a republic with its checks and balances.
 
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