Looks like Kamala Harris might want to stop harping on and on about the supposed benefits of Bidenomics.
After all, the rambling on and on about Bidenomics was absurd enough with inflation and interest rates, and it’s really absurd with the recent stock market crash.
A crash to the tune of the Dow dropping by over 1,000 points, an event that may repeat itself a few more times before the election.
Naturally, a number of elites are now demanding for the Federal Reserve to initiate an “emergency” interest rate cut, which would boost the stock market, at least temporarily, in all likelihood.
After all, the elitists surely don’t want any circumstance – such as a stock market in free fall – ailing their chosen one, Kamala.
Nobel prize-winning US economist Paul Krugman is one such elite, claiming “a real case” exists for a rate cut.
“I wasn’t calling for an inter-meeting cut, because that might signal panic. But since we may be seeing a panic anyway, that argument loses its force. Real case for an emergency cut soon,” Krugman declared.
For reference, Krugman is no fan of Trump, claiming that he was “flirting with quack economics” in a recent opinion piece.
Wharton School professor emeritus of finance Jeremy Siegel has been even more forceful with his calls for a rate cut.
“I’m calling for a 75-basis point emergency cut in the Fed funds rate, with another 75-basis point cut indicated for next month at the September meeting. And that’s minimum,” Siegel declared.
Well then. That’s awfully bold.
Siegel’s feelings on Trump are less clear, though he did proclaim that a Trump victory in November meant that “there is no way the Democrats can hold the Senate.”
Little wonder that too many Dems are too eager to prop up the stock market by any means necessary.
Chicago Fed President Austen Goolsbee, however, does not see any reason to panic just yet.
“As you see jobs numbers come in weaker than expected but not looking yet like recession, I do think you want to be forward-looking of where the economy is headed … the payroll jobs number is plus or minus 100,000 a month, so be a little careful over-concluding about things in the margin of error,” Goolsbee drawled.
Yes. Except the margin of error is ever shifting with car crash Kamala at the helm.
Goolsbee helpfully noted that if significant economic deteroriation were to emerge, the Fed would merely “fix it.”
Frankly, a new presidency would “fix” the problem more than anything else, starting with an ouster of the Dems from the White House.
As noted by Trump, Kamala may well be even worse than Joe.
“Of course there is a massive market downturn. Kamala is even worse than Crooked Joe. Markets will NEVER accept the Radical Left Lunatic that DESTROYED San Francisco and California, as a whole. Next move, THE GREAT DEPRESSION OF 2024! You can’t play games with MARKETS. KAMALA CRASH!!!” Trump declared on social media.
A depression that will persist well into 2028 if Kamala is on board.
Though many of her voters may well live off of handouts than jobs anyway.
“VOTERS HAVE A CHOICE — TRUMP PROSPERITY, OR THE KAMALA CRASH & GREAT DEPRESSION OF 2024, NOT TO MENTION THE PROBABILITY OF WORLD WAR lll IF THESE VERY STUPID PEOPLE REMAIN IN OFFICE. REMEMBER, TRUMP WAS RIGHT ABOUT EVERYTHING!!!” Trump continued.
Quite a few predictions were frighteningly on point, which is no doubt why Trump remains so enormously popular now.
Especially after he literally dodged a bullet.
“STOCK MARKETS ARE CRASHING, JOB NUMBERS ARE TERRIBLE, WE ARE HEADING TO WORLD WAR III, AND WE HAVE TWO OF THE MOST INCOMPETENT ‘LEADERS’ IN HISTORY. THIS IS NOT GOOD!!!” Trump added.
Not good at all for Americans in the next few months … but fantastic devlopments for improving the Republicans’ chances at the polls in November.
Author: Ofelia Thornton
These content links are provided by Content.ad. Both Content.ad and the web site upon which the links are displayed may receive compensation when readers click on these links. Some of the content you are redirected to may be sponsored content. View our privacy policy here.
To learn how you can use Content.ad to drive visitors to your content or add this service to your site, please contact us at [email protected].
Family-Friendly Content
Website owners select the type of content that appears in our units. However, if you would like to ensure that Content.ad always displays family-friendly content on this device, regardless of what site you are on, check the option below. Learn More
These content links are provided by Content.ad. Both Content.ad and the web site upon which the links are displayed may receive compensation when readers click on these links. Some of the content you are redirected to may be sponsored content. View our privacy policy here.
To learn how you can use Content.ad to drive visitors to your content or add this service to your site, please contact us at [email protected].
Family-Friendly Content
Website owners select the type of content that appears in our units. However, if you would like to ensure that Content.ad always displays family-friendly content on this device, regardless of what site you are on, check the option below. Learn More
