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While Trump advocated for spending, the spending bills come from House of Representatives. Trump helped reduce expenditures by starting the withdraw process fro
by landemva 4y ago
While Trump advocated for spending, the spending bills come from House of Representatives. Trump helped reduce expenditures by starting the withdraw process from two-decade Afghanistan quagmire. The Fed helps the government with deficit spending.
- lazide 4y agoI was pointing out that Trump kept threatening to fire the Fed Chairman if he didn't drop interest rates. [https://www.reuters.com/article/us-usa-fed-trump-tweets/trumps-tweets-threaten-feds-independence-push-rate-expectations-lower-study-idUSKBN1W82II https://www.reuters.com/article/us-usa-fed-trump-tweets/trum...] This wasn't that many years ago!
- landemva 4y agoThe Fed was raising rates first couple years of Trump. And the economy was doing okay with higher rates.
- lazide 4y agoOh, I never said Trump was doing what he was because of any concern about the economy. The fed wasn’t in his crosshairs at first, but when they started to raise rates… Trump and his family has extensive real estate ties, and those were having trouble due to the rising rates. So then he started threatening them, and miraculously, they took a break. Which seems to have helped his son in law avoid bankruptcy at the minimum. Weird, huh?