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He’s scared of them. If he were to mess with the Fed it would impact Wall Street, particularly by making the market indices go down. For whatever reason he ca
by kasey_junk 2y ago
He’s scared of them.
If he were to mess with the Fed it would impact Wall Street, particularly by making the market indices go down.
For whatever reason he cares about that in ways he doesn’t care about his approval ratings or the historical norms of the office. See how fast he reached a deal on tariffs earlier in the month when the markets reacted to them? Since then they’ve been slowly leading tariffs to get the message out so when the tariffs come the market will have priced it in.
He’ll get to the Fed. But it won’t be overnight. The administration will start messaging it and choreographing the change long enough before so it won’t spook Wall Street.
- theshrike79 2y agoThis is the key, there is a reason why the Fed Chairman doesn't ad-lib any of their public speeches. They read a carefully prepared statement and that's it. Just a small wink, nod or a pause somewhere might cause panic on Wall Street.
- dartos 2y agoElon Musk’s entire net worth is tied up in stocks. If Tesla crashed, so would Elon’s power.
- BeFlatXIII 2y agoYou've got me hoping for a massive market correction now.
- IAmGraydon 2y agoMarch 18 :)
- IAmGraydon 2y agoMarch 18. A correction, however, is not the proper word.
- Workaccount2 2y agoI know it sucks, but ELon also has SpaceX, Twitter, xAI and oddballs like neurolink and boring company that would still keep him outrageously wealthy if Tesla collapses. Also Tesla won't collapse because it's investors are the most brain damaged investors, and frankly their self-fulfilling prophecy has kept them repeatedly buying any dip back up. It's been extremely profitable to be a mindless Tesla investor.
- scarab92 2y agoWhy does it suck that he has given humanity all those things?
- Powdering7082 2y agoBecause his current actions appear consistent with attempting to perform a coup
- unethical_ban 2y agoHe hasn't "given" society anything, we pay these companies for their services (often with taxpayer dollars!) It doesn't suck that SpaceX or Tesla exists. It sucks that the person who has profited most from those entities is using their power to destroy government agencies that oversee his companies, and more broadly, to constantly lie and try to destroy the federal government.
- scarab92 2y ago> He hasn't "given" society anything, we pay these companies for their services He’s given society new products and services that didn’t exist before, the option to purchase from those companies, and the tax revenue from those companies (to the tune of hundreds of billions)
- noah_buddy 2y agoHis approval rating is quite high considering the circumstances. Will take months to really understand, but at least half of America abhors the federal government.
- kasey_junk 2y agoThe only president with approval ratings lower than his current rating, this early in their presidency, was his own first term: https://news.gallup.com/poll/116677/presidential-approval-ratings-gallup-historical-statistics-trends.aspx https://news.gallup.com/poll/116677/presidential-approval-ra... And its dropping from the low point it started at https://projects.fivethirtyeight.com/polls/favorability/donald-trump/ https://projects.fivethirtyeight.com/polls/favorability/dona... I don't know what "considering the circumstances" are but his approval ratings are historically abysmal, not quite high.
- bagels 2y agoCan you imagine if the media were actually reporting on what's happening honestly, especially Fox News?
- beefnugs 2y agoHis project2025 handlers (lets be clear hes not that smart) have calculated exactly how much opposition each outrageous thing can stand, beyond which there would be too much coordinated pushback. So its all about divide everybody against their own little thing to try and get as much fuckery through as possible
- etc-hosts 2y agoThe new Commerce secretary controls massive amounts of Tether.
- kasey_junk 2y agoIt begins: https://www.wsj.com/politics/policy/musk-looks-at-auditing-the-federal-reserve-f1e1ad4f https://www.wsj.com/politics/policy/musk-looks-at-auditing-t...