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275 points belter | 3 comments | | HN request time: 0.812s | source
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duxup ◴[] No.43581973[source]
It feels like every pick of this administration is just someone who has a motivation for corruption.
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hn_throwaway_99 ◴[] No.43583574[source]
It's really shocking to me how quickly and transparently we've hit banana republic levels of corruption, and anyone with any smidgen of power to do anything about it has just rolled over - Profiles in Cowardice describes all of the remaining Republicans in Congress to me (all the courageous ones were either primaried or retired).

The examples are all just so disgustingly blatant now, like Eric Adams in NYC, or the founder of Nikola paying millions in bribes (err, sorry, "campaign donations") to get a pardon.

Our republic may survive the current administration (not sure, probably give it less than a 50% chance these days), but the facade of our righteousness is gone forever. Trump won the election fair and square, and both the electoral college and the popular vote. People knew exactly what they were getting, and they wanted this.

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belter ◴[] No.43583670[source]
You will see next, the removal of the Fed chairman. It is illegal but the Administration will say fight it off in the courts.

The Fed chairman is going to make a speech in 10 min, and the US President is currently live on his social platform accusing him of playing Politics. You will then achieve the same level of governance as Türkiye.

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1. throwaway5752 ◴[] No.43584098[source]
I see you as having been downvoted. I have no idea why - it is on topic, and correct. Further, it is not hard to deduce why he will remove Powell, or the impact on America vis a vis the US Dollar. The "Mar a Lago" accord spells this out, with all its faulty logic.

They have an agenda that is based on errors, ignorance, and being manipulated by parties that are adversaries to America and democracy. Soon this will be irrecoverable within this generation, at least.

People have the mistaken belief that things are bad right now. They can get drastically worse.

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2. belter ◴[] No.43584340[source]
The Fed charmain just said inflation will pick up. When the economy starts to tank Trump will need somebody to blame, and will blame the high interest rates. The Fed might even have the need to raise rates.

[1] "...The relevant legislation holds that a member of the Federal Reserve board may be “removed for cause by the president”. But in this context, courts have interpreted “for cause” to refer to misconduct or impropriety. The president cannot remove the members of the board purely for policy or political reasons.

However, Trump could attempt to demote Powell from chair to an ordinary member of the Federal Reserve, and put another candidate in charge. Here, there is less of a legal precedent. Previous presidents have always assumed they did not have the power to do this..."

[1] https://theconversation.com/trump-has-threatened-to-fire-the...

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3. throwaway5752 ◴[] No.43584390[source]
The inflation is a desired and intended side effect of the tariffs, the statement by Powell is part of a chess match and his removal will be part of an intended outcome.

Trump will try to replace Powell extra-constitutionally and at this point, I suspect he may succeed. It will be close to the lights going out at that point.