What a way to run a country. Is it maybe time to impeach this wingnut?It was not immediately clear what sanctions Trump was referring to. There were no new US sanctions on North Korea announced on Friday but on Thursday the United States blacklisted two Chinese shipping companies that it said helped North Korea evade sanctions over its nuclear weapons program.
[...]
On Thursday, White House national security adviser John Bolton praised the US treasury for taking “important action” to stop North Korea’s illicit shipping activities. “Everyone should take notice and review their own activities to ensure they are not involved in North Korea’s sanctions evasion,” he tweeted.
[...]
The White House spokeswoman, Sarah Sanders, did not specify which sanctions Trump spoke of but said: “President Trump likes Chairman Kim [Jong-un] and he doesn’t think these sanctions will be necessary.”
Guardian
Also, he has plans for the fed. He's not happy with Jerome Powell.
If the one guy who gets it is Trump, a man who has bankrupted or busted every business he's ever run, and who can't get a bank loan, perhaps you should rethink your position.Stephen Moore [is] a conservative economic adviser who has become an outspoken critic of the Fed’s interest rate policy.
Mr. Moore has blamed the Fed’s rate increases over the past year for slowing economic growth and recently began calling on the central bank to begin cutting rates. An economist at the conservative Heritage Foundation, Mr. Moore helped draft Mr. Trump’s tax proposals in the 2016 campaign and has served as an informal adviser ever since.
As a nominee, Mr. Moore, 59, would face intense criticism in the Senate from Democrats, with whom he has clashed on several economic issues in his career as a commentator and policy advocate.
[...]
The move seeks to elevate a Trump loyalist to the Fed, an institution that the president has repeatedly blasted for raising interest rates, which he says have been a drag on the economy. Mr. Trump has repeatedly criticized his handpicked Fed chairman, Jerome H. Powell, saying he does not agree with Mr. Powell’s approach.
[...]
[Moore] recently pushed the Fed to target commodity prices in setting interest rates, a view rarely advocated by economists and monetary policymakers.
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"The Fed should reverse its disastrous rate hikes” of September and December.
“The one guy who gets this is Trump,” Mr. Moore added. “He told me in a meeting last month that the Fed is preventing us from staying on 3 to 4 percent growth path."
NYT
"And, hello,..."? How old is this guy? Twelve?Asked if he had influenced Fed policy with his criticism, Mr. Trump said: “I don’t know. I mean, look, I hope I didn’t influence, frankly, but it doesn’t matter. I don’t care if I influenced or not.
“One thing, I was right,” he continued.
[...]
Mr. Moore, who has a master’s degree in economics, was the founder of the conservative Club for Growth and a past member of The Wall Street Journal’s editorial board.
[...]
In 2015, when growth was slower and unemployment higher than it is now, he wrote a column criticizing the Fed for amassing $4.5 trillion worth of government backed bonds and for refusing to raise rates.
[...]
“The Fed refused to raise interest rates off zero in September, and, hello, that easy money policy is how we got into the mess in 2000 and then in 2008,” he wrote.
Which is why Trump likes him.Many Fed watchers criticized Mr. Trump’s selection of Mr. Moore, even those who have called for keeping interest rates low to help workers and spur growth.
“Stephen Moore is a particularly poor choice for the Federal Reserve Board,” said Tim Duy, an economics professor and a Fed expert at the University of Oregon. “He appears more devoted to pursuing a far-right economic agenda than willing to understand the complexity of economic policy.”
Also, Trump's a lunatic with a pea-sized brain and talks like a teenager on dope (perhaps why he relates to Stephen Moore).
And yesterday he said Isis was gonna be wiped out by the end of the day. Did that not happen?*
Jesus wept.
UPDATE:
Read the CJR article here.
UPDATE: Clean up on aisle 5.
So, did Sarah Huck not know this?
*
UPDATE 3/23 (Saturday):
UPDATE 3/26:
I knew it.
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