Yeah, Biden extended Powell’s tenure as chairman of the Federal Reserve Bank — after Trump appointed him to the post. Which Donny now only maybe, sort of, remembers doing?
It’s generally agreed that Biden was showing signs of cognitive impairment when he was 80. Trump is now 79. Perhaps being president is having a similar effect on him.
David Wessel provides a sane counterpoint to Trump’s idiotic name-calling of Jay Powell. Donald is perpetually stuck in “you’re fired!” mode.
Two additional points I think Wessel should have made are these:
The New York Times, which apparently isn’t failing, has a couple of guest essays from smart, thoughtful Massachusetts people. They reinforce how pointless all of the fabricated culture war nonsense is, when there are real problems to confront and manage. I’m using my Times subscription to share these without the paywall getting in the way.
It’s already been a couple of years since I read Rough Sleepers by Tracy Kidder, about homelessness in Boston.
Today, Kidder writes about food banks and the limits of what they can do under Trump II.
Republican leaders who dislike Harvard and MIT know-it-alls will ignore this piece about China’s economy at their own peril.
For all of Trump’s success domestically, he can’t force other nations to do what he wants with a wave of his Sharpie. If Trump’s actual goal is to bring manufacturing back to the United States, why bother with all of this tariff nonsense? He should issue an executive order requiring American companies to bring the jobs back, while prohibiting them from sending their profits overseas.
The subject of this e-mail from the Social Security Administration made me stop and double-check to be sure that it’s legitimate. It is. So now Trump wants propaganda sent directly to seniors.
Social Security Applauds Passage of Legislation Providing Historic Tax Relief for Seniors
The Social Security Administration (SSA) is celebrating the passage of the One Big, Beautiful Bill, a landmark piece of legislation that delivers long-awaited tax relief to millions of older Americans.
The bill ensures that nearly 90% of Social Security beneficiaries will no longer pay federal income taxes on their benefits, providing meaningful and immediate relief to seniors who have spent a lifetime contributing to our nation’s economy.
“This is a historic step forward for America’s seniors,” said Social Security Commissioner Frank Bisignano. “For nearly 90 years, Social Security has been a cornerstone of economic security for older Americans. By significantly reducing the tax burden on benefits, this legislation reaffirms President Trump’s promise to protect Social Security and helps ensure that seniors can better enjoy the retirement they’ve earned.”
The new law includes a provision that eliminates federal income taxes on Social Security benefits for most beneficiaries, providing relief to individuals and couples. Additionally, it provides an enhanced deduction for taxpayers aged 65 and older, ensuring that retirees can keep more of what they have earned.
Social Security remains committed to providing timely, accurate information to the public and will continue working closely with federal partners to ensure beneficiaries understand how this legislation may affect them.
The problem with propaganda is that sticky thing called reality. You can convince others of a falsehood that’s about someone else, but trying to convince those who are directly affected by something is a fool’s pursuit. Bisignano isn’t addressing the millions of us who are now collecting Social Security benefits, his message is intended to please Trump.
“Unbelievable” and “unconscionable”
Trump demands that Jay Powell quit immediately as Chairman of the Federal Reserve Bank.
https://www.bbc.com/news/articles/crmv4ldv923o
The reason why is revealed in this leaked video, taken at a remote clandestine meeting of the Federal Open Market Committee.
There’s Powell at the table, a puppet of the Deep State that doesn’t want Trump to know about their secret project!
