On The Way To The Fed

Over a year now Donny has been doing nothing but bad mouthing the Fed and now he has his chance to modify it to his way of thinking.

President Trump has made his choice for Fed chairman. The president, who teased the announcement Thursday night, said in a Truth Social post Friday morning that he is nominating economist Kevin Warsh, a former Fed governor, to replace Jerome Powell, whose term ends in May.

  • “I have known Kevin for a long period of time, and have no doubt that he will go down as one of the GREAT Fed Chairmen, maybe the best,” the president wrote in a lengthy post listing Warsh’s accomplishments. “On top of everything else, he is ‘central casting,’ and he will never let you down.”

Warsh was a finalist in 2017 but lost out to Jerome Powell, who was renominated by Joe Biden in 2021. Trump later turned on Powell and has repeatedly said he regretted not picking Warsh, the Wall Street Journal reports. “Kevin, I could have used you a little bit here. Why weren’t you more forceful when you wanted that job?” Trump said at an event in 2020. “I would have been very happy with you.” Warsh, 55, became the youngest governor in Fed history in 2006.

Warsh served as a Fed governor during the 2008-2009 financial crisis and has since become one of the institution’s sharper critics. He was long a “hawk” who pushed for higher interest rates to control inflation but has more recently changed his position and pushed for faster interest rate cuts, aligning with Trump’s position, the AP reports. Warsh, once a free-trade advocate, has also lined up with Trump on tariffs, a position that could ease tensions between the White House and the Fed if he’s confirmed. The BBC reports that Warsh has a family connection to Trump: His father-in-law is billionaire businessman Ronald Lauder, a longtime Trump donor.

Confirmation is not guaranteed, the Journal notes. The Senate must sign off, and Sen. Thom Tillis, a Republican on the Banking Committee, has vowed to block Trump’s Fed nominees while the Justice Department investigates Powell’s testimony about Fed building renovations—an inquiry Powell has described as a pretext to force lower rates. Warsh emerged as Trump’s favored candidate over National Economic Council director Kevin Hassett and two other finalists, BlackRock executive Rick Rieder and current Fed governor Christopher Waller.

Do not get excited yet….he is nominated but not confirmed by Congress.

If confirmed will he be just another Trump puppet?

But he has an ever changing opinion and that tells me he will most likely do whatever Donny boy wants…I do not see him stand up against a Trump onslaught….

Do You?

I Read, I Write, You Know

“lego ergo scribo”

SCOTUS Will End Democracy

If you have been paying attention you will see just how SCOTUS under the leadership of a political hack, Roberts, has been stripping away the powers of Congress and subverting the course of democracy.

Over the past several decades, the Supreme Court has slowly whittled down the power of Congress and, in large part thanks to President Donald Trump’s chaotic second term in office, has already managed to dethrone Congress’ role as the most powerful branch of government, argued legal scholar Duncan Hosie Tuesday.

“For now, the supernova of Donald Trump’s presidency has muted this systemic conflict in public view,” Hosie wrote in an analysis published Tuesday in The Atlantic.

“His second term – defined by galloping abuses of executive power buttressed by Trump v. United States – has played out against a Republican Congress and Republican Court aligned, if not enthralled, with him. But this alignment is likely temporary and contingent. Should a Democratic Congress return, the conflict will roar back into view.”

That conflict, Hosie argued, is the Supreme Court’s decades-long “power grab” to strip Congress of its ability to check the power of the executive branch, define rights for Americans, and even make laws — a “power grab” that has only accelerated during Trump’s second term. And, in large part to Trump’s unprecedented tenure in the White House, the “power grab” is going largely unnoticed, Hosie wrote.

“The short-term convergence of the branches should not obscure the larger transformation: Congress is no longer the first branch of government,” Hosie wrote. “The same gale-force winds of polarization that split Congress into warring camps has also produced a Republican-appointee-dominated Court systematically constraining congressional power while expanding its own.”

The threat of the Supreme Court’s ongoing “power grab” was so dire, Hosie warned, that it could very well bring about an end to the United States’ “constitutional democracy.”

https://www.rawstory.com/supreme-court-2674879295/

This exactly the outcome that the outcome that I have been warning about over the past decade (probably longer)….this is just what will happen when political hacks are nominated then confirmed….they are destroying democracy and helping those that are doing the deeds in every way they can.

If these people cannot do their part at preserving this democracy then it is time to get rid of them and start over….when I say ‘get rid’ I mean remove them from office in any fashion that is necessary.

If they continue down the path they have chosen it will not be long to there is nothing left of the nation we built over the past 250 years.

Time for a change!

I Read, I Write, You Know

“lego ergo scribo”