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U.S. Politics: It’s beginning to look a lot like Rescission


lokisnow

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Do they still got the guys to tackle Trump if he goes to enter the nuke code?

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Senior Senate Republicans are warning President Donald Trump not to fire Federal Reserve Chairman Jerome Powell on Saturday amid the president's evident distaste for Powell's moves to raise interest rates.

Sen. Richard Shelby (R-Ala.), a former Banking Committee chairman who currently chairs the Senate Appropriations Committee, said Trump needs to be "very careful" how he proceeds with Powell. Powell was confirmed in January by the Senate, 84-13.

"The Federal Reserve is set up to be independent of the presidency. Although I disagree with Powell at times, I’ve been on the Banking Committee longer than most people ever have, and I chaired it. I think the Federal Reserve should remain independent, as much as it can," Shelby said.

And Sen. Pat Toomey (R-Pa.), who is in line to eventually chair the Banking panel, said that "Powell has done nothing to warrant being dismissed."

 

Republicans warn Trump against firing Fed chairman

https://www.politico.com/story/2018/12/22/trump-fed-jerome-powell-criticism-richard-shelby-1074495

 

 

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In the meantime people in filled flights coming into the US from all over are sitting on the tarmac.  Customs and passport control, who were seriously understaffed already, are now dealing with international flights with two people on duty.

Got a first hand description of this from Miami, from a flight coming in from Haiti.  They sat in that plane for hours. 

So what's it like trying to get on one's flight out of the country, one wonders.  Or even within the country. Or coming in from one country to catch connecting flight to one's home ....

And, it's the HOLIDAYS!

As I'm flying overseas immediately in 2019 I am personally very concerned.

Further into the meantime, the orange nazi wants everybody out from everywhere because he can do it all better himself all the time because everyone else is a 'f*cking idiot.'  His own words, for even the people who support him.

https://www.nytimes.com/2018/12/22/us/politics/trump-two-years.html

 

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3 hours ago, Martell Spy said:

Do they still got the guys to tackle Trump if he goes to enter the nuke code?

Republicans warn Trump against firing Fed chairman

https://www.politico.com/story/2018/12/22/trump-fed-jerome-powell-criticism-richard-shelby-1074495

 

 

The Federal Reserve chairperson serves for a set term not at the pleasure of the President, right?

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28 minutes ago, Ser Scot A Ellison said:

The Federal Reserve chairperson serves for a set term not at the pleasure of the President, right? 

More or less. Here's a Forbes article with a discussion of this:

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The Federal Reserve Act doesn’t explicitly give the U.S. president power to fire the Fed board members. But section 10 has a mysterious little phrase indicating it’s at least possible.

“…thereafter each member shall hold office for a term of fourteen years from the expiration of the term of his predecessor, unless sooner removed for cause by the President.”

What exactly does "for cause" mean in this context? The law does not say. Presumably, this was intended to be used in case a member of the board was doing something egregiously wrong (e.g. taking bribes), but can it also be used if the President simply disagrees with the Fed's policies? This has never been tested and, based on that Politico article, it sounds like it'll stay that way:

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“I totally disagree with Fed policy. I think the increasing of interest rates and the shrinking of the Fed portfolio is an absolute terrible thing to do at this time especially in light of my major trade negotiations which are ongoing, but I never suggested firing Chairman Jay Powell, nor do I believe I have the right to do so," Trump said via Mnuchin's Twitter account.

 

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4 hours ago, Martell Spy said:

Do they still got the guys to tackle Trump if he goes to enter the nuke code?

Republicans warn Trump against firing Fed chairman

https://www.politico.com/story/2018/12/22/trump-fed-jerome-powell-criticism-richard-shelby-1074495

 

 

Someone told me once the actual process to launch the nukes is complicated enough that Trump would never be able to do it without help.

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10 hours ago, Darth Richard II said:

Someone told me once the actual process to launch the nukes is complicated enough that Trump would never be able to do it without help.

It was a story that came out near the start of the Presidency. It was likely false, but it really sounded realistic due to the President's nature. It went along with the whole "adults in the room" thing.

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3 minutes ago, SweetPea said:

It's funny seeing so many leftists suddenly become pro-war after Trump's troop withdrawal, and the silence of those who are less hypocritical but still don't want to give Trump credit for anything.

Zzzzzz...

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Ok, people...

Trump is forcing Mattis out two months early.  Worth noting - from commentary elsewhere, many or most Trump fans were unhappy about Mattis leaving in the first place.

 

http://www.msn.com/en-us/news/politics/trump-angry-over-mattis’s-rebuke-removes-him-2-months-early/ar-BBRldYX?li=BBnb7Kz&ocid=msnclassic

WASHINGTON — President Trump said on Sunday that he would remove Defense Secretary Jim Mattis, who issued a stinging rebuke of the president when he announced his resignation last week, from his post by Jan. 1, two months before he had planned to depart.

Mr. Trump, in a Twitter post, said that Patrick M. Shanahan, Mr. Mattis’s deputy, would serve as the acting defense secretary.

Aides said that the president was furious that Mr. Mattis’s resignation letter — in which he rebuked the president’s rejection of international allies and his failure to check authoritarian governments — had led to days of negative news coverage.

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Supposedly, the government shutdown could extend into the new year.  However, I wonder about that, given Trumps aversion to bad publicity.

http://www.msn.com/en-us/news/politics/very-possible-partial-government-shutdown-will-last-into-the-new-year-mulvaney-says/ar-BBRkLWN?ocid=msnclassic

 

Office of Management and Budget (OMB) Director and incoming Acting White House Chief of Staff Mick Mulvaney told "Fox News Sunday" that the ongoing partial government shutdown will likely extend into the new year, as President Trump insists on funding for a border wall and "refuses to go along to get along."

 

Mulvaney also asserted that House Minority Leader Nancy Pelosi, who is weeks away from reclaiming her role as speaker of the House, is intentionally stalling negotiation efforts to resolve the partial closure, which began on midnight Saturday and affects a quarter of the federal workforce.

"It's very possible this shutdown will go beyond the 28th and into the new Congress," Mulvaney said. He added that federal workers will receive pay through that date.

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Hum, somehow I think this is less problematic from a practical point of view.

Mattis offered to serve 2 months longer - presumably for an orderly transition. I think those two months would've been more urgent if somebody new took the job. If the deputy takes over, I can see how there's less need for a month transition.

What has a bit worried a bit though, is the term acting, that sounds too much like interim. I reserve judgement on that, until Shanahan takes over permanently or whatever awful person this administration produces as new defense secretary. Part of me expects to see Geraldo Rivera being announced before New Years Eve

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6 minutes ago, ThinkerX said:

Supposedly, the government shutdown could extend into the new year.  However, I wonder about that, given Trumps aversion to bad publicity.

http://www.msn.com/en-us/news/politics/very-possible-partial-government-shutdown-will-last-into-the-new-year-mulvaney-says/ar-BBRkLWN?ocid=msnclassic

I do not see how the shutdown will not last until at least afternoon on 01/03/2019. What motivation do the Democrats to try to cut any real deal if the Conservative could sink it in The House until they control it.

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1 hour ago, A Horse Named Stranger said:

Hum, somehow I think this is less problematic from a practical point of view.

Mattis offered to serve 2 months longer - presumably for an orderly transition. I think those two months would've been more urgent if somebody new took the job. If the deputy takes over, I can see how there's less need for a month transition.

What has a bit worried a bit though, is the term acting, that sounds too much like interim. I reserve judgement on that, until Shanahan takes over permanently or whatever awful person this administration produces as new defense secretary. Part of me expects to see Geraldo Rivera being announced before New Years Eve

Shanahan already is the bad option, he's a former Boeing executive that know very little about military operations, is basically the embodiment of "the swamp," and has already been spending the past two years undermining what little public transparency there is at DoD.

 

Also, uh, folks, 

Why is the Treasury Secretary calling the six largest banks in the US to confirm they have liquidity? And why is it being publicly announced that these calls have happened? I know last week was bad for the stock market, but is it about to all fall apart?

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19 minutes ago, Fez said:

Shanahan already is the bad option, he's a former Boeing executive that know very little about military operations, is basically the embodiment of "the swamp," and has already been spending the past two years undermining what little public transparency there is at DoD.

 

Also, uh, folks, 

Why is the Treasury Secretary calling the six largest banks in the US to confirm they have liquidity? And why is it being publicly announced that these calls have happened? I know last week was bad for the stock market, but is it about to all fall apart?

As I said, when ALL the high rollers are fleeing from the casino toting huge bankrolls while you experience continued reassurance to continue putting money in, you’re probably about to be even more fucked than the casino usually fucks you.

so yeah, the only reason mnuchin does that is because he knows a severe market crash is coming. If it happens next week, it’ll forever be known to history as “Black Christmas”

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13 minutes ago, lokisnow said:

so yeah, the only reason mnuchin does that is because he knows a severe market crash is coming. If it happens next week, it’ll forever be known to history as “Black Christmas”

Its also possible Mnuchin is just a fucking idiot and is starting a panic earlier than there otherwise would be one.

Either way, not good.

ETA: Paul Krugman has thoughts:

 

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7 hours ago, SweetPea said:

It's funny seeing so many leftists suddenly become pro-war after Trump's troop withdrawal, and the silence of those who are less hypocritical but still don't want to give Trump credit for anything.

You mean a few?  Try harder next time.  I dare you to find 'so many' who have been asking for a withdrawal that are complaining.  The best you've got is probably a few people grumbling that he didn't give more of a heads up to allies and the Joint Chiefs.  Pay more attention.

ETA: shit, Ted Lieu, who never misses an opportunity to slam Trump, made a point of saying the Syria withdrawal was the right thing to do.  Matt Taibbi had basically the same take.  That's just off the top of my head from shit I heard today.

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There's an ocean of difference between someone saying that they think the sudden reversal of policy is unwise because it will embolden Russia etc. and them being 'pro-war'. It's like saying how all the pro-abortion people are being shown up as hypocrites just because you said 'ok then let's do it' and pulled out a rusty coathanger.

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14 hours ago, Fez said:

Shanahan already is the bad option, he's a former Boeing executive that know very little about military operations, is basically the embodiment of "the swamp," and has already been spending the past two years undermining what little public transparency there is at DoD.

Ah, thank you. I did not follow the second row of appointments closely, so I just assumed it would be just another Pentagon guy holding that position.

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On 12/22/2018 at 10:24 AM, DMC said:

As for media attention, that's a bit relative - don't see there being much difference from most Senators and members of the House.

Really? I would assume the average person could name their Senators before their member of Congress. But then again, I would just assume they couldn’t name any of them.

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