State The Union

You tell me.    He's the first president to use the bully pulpit to attack the FED (and everyone else).    But you can attribute the FED's actions to whatever you like.  

But it begs one very important question that you cant seem to answer.   If the economy is roaring on all 8 cylinders then why does the FED have to inject recessionary medicine into it?

I'll answer for Boiler, since I know he'll be unable to. The answer is that the economy is NOT doing well at all. Wage growth is stagnant, personal debt is climbing, and while lots of people have jobs, they're mostly poorly paid positions (except in liberal states!).

The huge Trump budget deficit will have massive consequences, BECAUSE unlike in the Dubya recession inherited by Obama, there's also a huge drop in revenues due to the massive tax cuts for the rich. 

What Trump was and is hoping for is the Trump recession won't hit the fan until after the election. That's why he's floating another round of tax cuts for the rich, a truly insane idea with an already historic federal deficit.

Little boy Kevin, all of my liberal friends and family love me, you have no clue what the world is about because you have only hate in your heart, you need help, and I am not blowing smoke, you really need help, your hatred is down right scary. I really hope you are anti-gun because if you own one, God help us all!!!!!!!

I really wonder if someone wrote about Liberals and Obama like Kevin talks about Conservatives and Trump would be allowed on these forums, what is the limit?

This will be the last time I will talk to or about Kevin, because I truly feel he is mentally ill and scary.

Molly baby, every one of our resident Trumpers wrote and has written about Obama and liberals (no capitalization, Molly!) with much, much, much worse language. I know. I read it for years.

I doubt that you're really going away, though that would be awesome. You just can't resist breaking into the discussion and telling me how much you hate me. You're such a Trumper--driven and dominated by your hatred and stupidity!

What you "truly feel" means less than nothing.

 Molly - I agree 100% - Der Fuhrer is mentally unstable. 

More whining from our head Trumper dog. (Who seems not to even know that Hitler dies a long time ago.)

Trump has zero clout over the FED.  I suggest that if PJ is interested in learning about the correlation between inflation rates and FED Funds rate, it's easy enough to find online.  I would post a good link, but that doesn't seem to be possible any longer.

Inflation is running 2.0% with no expectation of a jump.  There is no reason to cool the economy.

Exactly right.   Inflation is an attribute of a roaring economy (the fictional one you describe).      The last time the FED attempted to raise rates by a quarter point the economy and stock market hit a brick wall (December 2018).       

So in order to keep  Trump's economy going America needs to  :  

1) Borrow the equivalent of Obama's one-time stimulus plan on an annual basis

2) Keep FED rates close to ZERO

3) Have the FED keep buying 100's of billions of dollars of assetts that noone else buys.

Can you say "bubble" boys and girls?    If not you better learn.

Boilerbaby's assertion that the economy is "roaring"--the bigliest bestest economy ever--is more a statement of faith in the Orange One than actual fact.

I compare the Trump economy to your next-door neighbor who just took out a second mortgage on his house and bought a new car and lots of fancy clothes and is running around town telling everybody he's doing really swell. This, while his income has gone up maybe 2% and his expenses have skyrocketed. Any jerkass can borrow money and worry later about who's going to have to pay it back. In fact, hasn't that been Trump's modus operandi for decades?

Boilerbaby is basing his assessment on Trump-love rather than objectivity. We're assessing the situation based not on partisanship but on the commonsense realization that you can't just borrow, borrow, borrow and get away with it--especially not while simultaneously cutting back your own income, which is what Trump's tax breaks for corporations and the rich have done. He's just gambling that the effects won't be felt until next year.

The economy is great (for now) for billionaires and those who own stocks. For the average Joe trying to make a living, it pretty much sucks. Low unemployment doesn't mean much if people aren't making enough to get by. That has a long-term effect of shrinking savings and investment rates, and people arriving at retirement age without a bucket to piss in--just as Trump's massive cuts to Social Security and Medicare kick in! Make America Poor Again! Rah rah rah for the Orange One!

Kevin Lewis proclaims: " . . . every one of our resident Trumpers wrote and has written about Obama and liberals (no capitalization, Molly!) with much, much, much worse language. I know. I read it for years."

DonDiego requests a citation of such unpleasantness by poor old DonDiego.