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Comments

RedShipley 4 months
Trump sees the raising tax rates as a hindrance in his desire to create jobs and pay debts. He probably knows (despite the NeverTrumpers in this comment section saying otherwise) that this standard practice. He just disagrees with the constant rate hikes. so Chill.
M.TWAIN 4 months
I think you meant raising interest rates, not tax hikes. Now what is standard practice is during times of a good economy you keep tax rates the same or slightly higher in order to pay down debt, you don't lower taxes on Corporations and the wealthy increasing debt, and you don't start a trade war pushing up costs adding to inflation.
Nika D 4 months
No, in a boom you lower interest rates. In a bust you increase then to discourage borrowing and match the risk of the economy. The fed didn’t do their job during Obama’s term. They are now raising rates (which is probably where they should be), but not at the right time (during a boom you should be encouraging businesses to borrow and take risks). So Trump is right. Also, the tax cuts likely pushed the boom, not the other way, so that is a red herring.
M.TWAIN 4 months
Nika, what theory of economics are you basing your thoughts on. Neither Kennsion or Free market models support your claim. Lowering interest rates in a boom could heat the economy up leading to runaway inflation.

Michael Hedderson 4 months
The Fed is doing it's job,sorry schmuck.
Pinhead Larry MOD 4 months
The schmuck who happens to have several billion dollars more than you
Jane W 4 months
@Pinhead Oh? I'd love to see some proof. Tax returns will do.
M.TWAIN 4 months
Hey pinhead if my Daddy had given me $420 million, I would have far more than Trump and would not have gone bankrupt 6 times or cheated any contractors or vendors.

Illini Legatus 4 months
The supposed purpose of the federal reserve is to stop boom and bust cycles, but they cause them instead. The only reason to raise interest rates is to counter inflation, which there was none of.
Nika D 4 months
No, you increase rates to discourage borrowing in a risky time (bust) and you lower them to do the opposite in a boom. But fractional banking has screwed the whole feedback loop.

M.TWAIN 4 months
If only Trump had actually gone to a business school and not just had daddy buy him a degree.
Talûn-karkû The Warchief 4 months
president trump
M.TWAIN 4 months
I think you meant President Trump if you are going to try and correct someone please do so correctly, or it makes you look foolish.
Michael Hedderson 4 months
@Kalun and RedMarr. Why don't you kiss his butthole whilst your down there

Jane W 4 months
This is pretty standard procedure. One would think someone in business and finance would know that....
Talûn-karkû The Warchief 4 months
prove it jane
M.TWAIN 4 months
Ok, Warchief explain how running a debt in a good economy is beneficial And please back it up with a viable economic theory or model.
Talûn-karkû The Warchief 4 months
it's my lord , and to my knowledge The potus has been growing the economy, it would be beneficial to save money.

Illini Legatus 4 months
I sence a firing.
Adam Marceau 4 months
only 3 I think of the members are appointed by the president the rest are private bank CEOs. there is nothing federal about the federal reserve

joseph flores 4 months
when the economy is booming like Trump seems to believe it is standard protocol to raise rates. That's how you pay off deficit spending when things are good. guess things aren't as good as he says.
Talûn-karkû The Warchief 4 months
it is growing and you're wrong
M.TWAIN 4 months
It's been growing for a long time, and he is correct, you pay off debt when things are good and run debt to stimulate the economy when things are bad.