I don’t know how long it took you to write this, but I’m pretty sure it took more time (and certainly more thought) than Trump has taken in total to assess the pros and cons of firing Powell. Between the value to him of providing another distraction, combined with the ability say “See! I did something!” he may not give it any more thought. I am also quite confident that he didn’t come up with the pretext of the renovation as justification on his own. I’m sure he asked one of his minions to find a “reason.” And they found one, transparent as it is.
Do you think that either party will take the issue of deficits seriously till the Presidential term that starts in 2033? What are the circumstances (other than the depletion of the SS trust fund) that can force them to take action before that?
I suspect you are correct that he will keep Powell on to continue using as a scapegoat. Anything that comes after the word “may” in Trump’s blusters can usually be ignored.
I don’t know how long it took you to write this, but I’m pretty sure it took more time (and certainly more thought) than Trump has taken in total to assess the pros and cons of firing Powell. Between the value to him of providing another distraction, combined with the ability say “See! I did something!” he may not give it any more thought. I am also quite confident that he didn’t come up with the pretext of the renovation as justification on his own. I’m sure he asked one of his minions to find a “reason.” And they found one, transparent as it is.
This is tangential but apparently Jerome Powell makes $190k a year. That’s hilariously low compared to the importance of the job.
Do you think that either party will take the issue of deficits seriously till the Presidential term that starts in 2033? What are the circumstances (other than the depletion of the SS trust fund) that can force them to take action before that?
Very insightful and the best analysis of the situation I have read.
I suspect you are correct that he will keep Powell on to continue using as a scapegoat. Anything that comes after the word “may” in Trump’s blusters can usually be ignored.