Donald on CNBC says Obama is keeping interest rates down, leaving it to "the new guy" in WH to raise them next January. A reminder that Donald has no idea how any aspect of American public policy works.
In the US, there's been about 7.5 births per minute for the last two decades, and probably about 6.5 births per minute for a few decades before that. Not even taking into account that suckers are more likely to die early than non-suckers, that means that no more than 16% of the adult population are suckers. Trump is clearly getting support from a lot more people than just the suckers.
Donald on CNBC says Obama is keeping interest rates down, leaving it to "the new guy" in WH to raise them next January. A reminder that Donald has no idea how any aspect of American public policy works.
False. He explicitly claimed that the Fed is not independent, as it's supposed to be in theory. Whether or not you agree, it's a legitimate belief.
He's making a joke on Barnum's "sucker born every minute line"....what?
He's making a joke on Barnum's "sucker born every minute line".
It's only legitimate if he has any evidence for it, he come up with any?
In May, Donald Trump thought the Federal Reserve handled interest rates exactly right.
"Right now I am for low interest rates, and I think we keep them low," he told CNBC.
Today, he said Fed chair Janet Yellen's interest rate decisions proved she was "obviously not independent" from the White House and was, in fact, a partisan conspirator out to help Democrats.
...
What changed between May and today? Nothing. The Fed has the same policy of low interest rates that Trump gushed over just four months ago. They last voted to raise rates in December 2015, the first time in nearly a decade, although there's speculation among analysts that they could raise them this month.
What is an illegitimate belief?False. He explicitly claimed that the Fed is not independent, as it's supposed to be in theory. Whether or not you agree, it's a legitimate belief.
No shock Sherlock.
No shock Sherlock.
What is an illegitimate belief?
I'm not suggesting it is one, I'm just wondering what distinguishes legitimate from illegitimate beliefs in your language.
And I'm happy for you, but it doesn't answer my question. What distinguishes a legitimate from an illegitimate belief?It hardly requires implausible assumptions to believe that the President can exert some influence with the Federal Reserve Chairman, or the other Governors of the Board. For starters, the President appoints all of them. And the Governors have 14 year appointments, which are staggered so the President appoints or reappoints one every two years. Second, the Chairman herself (as well as the Vice-Chairman, actually) is appointed or reappointed every four years by the President (albeit with Senate confirmation).
And I'm happy for you, but it doesn't answer my question. What distinguishes a legitimate from an illegitimate belief?
Perhaps you're struggling for the word "justifiable", but I'm just guessing.
Does he do any other type?It was another insane interview.
It was another insane interview.
"Said he would turn Air Force One around and fly home if top officials from a foreign country weren't at the airport to meet him."
Good. Then he can run out of fuel over the Atlantic.
Thank you. Now I know a little more about your language.Whether I think it's plausible. Meaning, perhaps, at least a 1% probability of being true, in my view.
In English, "legitimate" is not correct in the context. "Justifiable" would be.Huh?
Whether I think it's plausible. Meaning, perhaps, at least a 1% probability of being true, in my view.
Huh?
I don't think Trump can grasp that institutions can be fiercely independent, and that people can have integrity.Donald on CNBC says Obama is keeping interest rates down, leaving it to "the new guy" in WH to raise them next January. A reminder that Donald has no idea how any aspect of American public policy works.