@realTuckFrumper

You don't go back, only forward. Empires fall.
*Only 3% of the American population is made up of the #EmployerClass

#Economist #RichardWolff #AmericanEconomy #AmericanEmpire #FallOfEmpire #FallOfEmpires #Marxism #Capitalism #Socialism #Denialism #AmericanExceptionalism #GlobalCurrency #History #AmericanHistory #WorkingClass

https://www.youtube.com/watch?v=u_-XWxdYCf0

Democrats erupt over “illegal” Trump move to fire Fed’s Lisa Cook – Axios

Democratic Congress members responded with fury on Monday after President Trump said he’s firing Federal Reserve governor Lisa Cook.

Why it matters: Some lawmakers are calling on the federal judiciary to swiftly strike down Cook’s ouster, arguing that the president has no legal basis for it.

• “It’s an authoritarian power grab that blatantly violates the Federal Reserve Act, and must be overturned in court,” said Sen. Elizabeth Warren (D-Mass.), the ranking member of the Senate Banking Committee, in a statement.
• House Minority Leader Hakeem Jeffries (D-N.Y.) said: “Trump is trying to remove her without a shred of credible evidence that she has done anything wrong.”
• House Judiciary Committee ranking member Jamie Raskin (D-Md.) told Axios: “What an outrage and a scandal. This is the big one constitutionally.”

What happened: Trump said in a letter posted to social media that Cook was “removed” from her position, “effective immediately,” citing Article II of the Constitution and the Federal Reserve Act of 1913.

• The Federal Reserve Act allows a president to fire a governor for cause, but it has never happened before and its legality is murky, Axios’ Courtenay Brown and Neil Irwin reported.
• Trump pointed to claims by Federal Housing Finance Agency William Pulte that Cook listed two primary residences in mortgage applications before becoming a Fed governor, which he referred to the Justice Department for criminal prosecution.
• Cook has not responded to the allegations beyond saying last week she had “no intention of being bullied to step down from my position because of some questions raised in a tweet” and was “gathering the accurate information to answer any legitimate questions and provide the facts.”

Between the lines: Trump’s move comes after he spent weeks hammering the Federal Reserve to lower interest rates.

• Trump has accused Fed chair Jerome Powell of stifling economic growth by keeping rates steady.

• Cook’s firing is one of several unprecedented steps Trump has taken to try to force federal agencies to present a sunnier economic picture, including firing the Bureau of Labor Statistics chief earlier this month. 

Continue/Read Original Article Here: Democrats erupt over “illegal” Trump move to fire Fed’s Lisa Cook

See also: https://www.axios.com/2025/08/26/trump-fires-federal-reserve-lisa-cook

#2025 #America #AmericanEconomy #Axios #Democrats #DonaldTrump #Economy #FederalReserve #Firing #Health #History #Libraries #Library #LibraryOfCongress #LisaCook #Opinion #Politics #Resistance #Science #Trump #TrumpAdministration #UnitedStates

Dirtbags Need Jobs Too - Tim Dillon

#underprivileged #laquinta #dirtbags #americaneconomy

Apple has announced a massive $600 billion domestic investment over the next four years, adding $100 billion to its previous commitment. The plan will fund advanced component manufacturing, create jobs, and strengthen U.S. supply chains across multiple sectors

#madeinusa #appleinvestment #technews #applenews #americaneconomy

On 4 July, President Donald Trump signed the 'One Big Beautiful Bill Act', a major tax and spending law reshaping the U.S. economy.

Read More: https://www.ibtimes.co.uk/big-beautiful-bill-summary-how-will-it-affect-student-loans-tax-cuts-child-support-more-1737614

#OneBigBeautifulBill #USPolitics #TaxReform #StudentLoans #ChildSupport #EconomicPolicy #AmericanEconomy

US Treasury Secretary highlights reduced trade tensions and improved fairness in international trade deals for American citizens
#YonhapInfomax #USTreasurySecretary #TradeFriction #FairTrade #InternationalTrade #AmericanEconomy #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=61885

@w7voa

Oh, please let him do it.😂 We can eat buckets of popcorn watching this Keystone Cops mismanagement of the #AmericanEconomy. 🤣

According to the #MotionPictureAssociation, the industry generated a positive balance of trade in every major market in the world, with exports 3.1 times that of imports. The industry produced $22.6 billion in exports, and $15.3 billion in trade surplus. #Trump’s point, though, was to keep that U.S. production within the U.S.

That said, other countries also could respond to the 100% tariff with their own duties on U.S. films, which would have an impact on #InternationalBoxOffice returns, which are a huge chunk of major studio revenue. #Disney, the global box office leader in 2024, drew $2.23 billion in the U.S. and $3.23 billion internationally.

#MovieIndustry #TrumpTariffs

https://deadline.com/2025/05/trump-movie-tariffs-hollywood-1236384980/

US Treasury Department highlights robust American consumer spending, signaling economic resilience amid global uncertainties
#YonhapInfomax #USTreasury #HouseholdConsumption #ConsumerSpending #EconomicStrength #AmericanEconomy #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=61419

The #EU has announced it will impose trade “countermeasures” on up to €26bn (£22bn) worth of #USgoods in retaliation to Donald Trump’s #tariffs on steel and aluminium imports, escalating a #globaltradewar.

EU retaliates against Trump tariffs with €26bn ‘countermeasures’ | Trump tariffs | The Guardian
https://www.theguardian.com/us-news/2025/mar/12/eu-retaliates-against-trump-tariffs-with-26bn-countermeasures

#tradewar
#tradewars
#USPol
#EUpol
#worldeconomy
#Americaneconomy
#EUEconomy

The US Economy Will Collapse: How Trump Should Handle It

https://vigilante.tv/videos/watch/162993c8-3ef0-4746-a799-4d7b6428574f

Are you one of those elusive "undecided voters" who "just need to know more" about #KamalaHarris economic plans?

Well, here you go...
https://www.youtube.com/watch?v=4r-RioTaigs

#Harris2024 #AmericanEconomy #uspol #uspolitics @KamalaHarrisWin

For those #republicans or #undecidedvoters who think the #trumptarrifs will help the #Americaneconomy …

https://finance.yahoo.com/news/commentary-trumps-tariffs-would-be-worse-than-bidens-inflation-211244852.html

“Nearly half of the Indo-Pacific appropriations ($8.1B) directly reinforce the #submarine industrial base,” Fiddler wrote in his analysis of the package. “While this investment will enhance deterrence in the #IndoPacific, the immediate impact will be supporting the #AmericanEconomy.” #US

What does #Taiwan get from the foreign aid bill and why is the #USEconomy among the biggest winners?
https://www.theguardian.com/world/2024/apr/26/us-foreign-aid-bill-package-details

#432: Totally Gross Domestic Product

https://vigilante.tv/videos/watch/22ddaf8b-395b-4668-b3dd-07c5ae092b76

Americans embrace holiday cheer with a surge in festive spending https://noah-news.com/us/en/economy/2023/12/14/americans-embrace-holiday-cheer-with-a-surge-in-festive-spending #holidayspending #Americaneconomy #Deloitteholidaysurvey

57% of American adults are unable to afford a $1000 emergency

59% of Americans are one paycheck away from homelessness

This is unsustainable

#trickledown #trickle·doom #soundslikeacult #4thofjuly #americaneconomy

#Conservatives claim that the #AmericanDream is to rise up from a dead end career and start an #AmericanBusiness that creates #AmericanJobs and grows the #AmericanEconomy.

How many American companies never got the chance to exist because their would-be founders are chained to a corporate job to maintain their health insurance? How many #jobs went uncreated? Or created elsewhere by a competing idea?

#Healthcare #Medicare

I’ve had 8 days off in the past 6 weeks.
I’m a salaried restaurant manager and I can’t afford my shithole apartment.

This isn’t freedom.

#americaneconomy
#antiwork
#GeneralStrike2023
#america
#americanpolitics

How the #pandemic #ended America’s #badromance w #work ...the #March2020 #decision to #partiallyclose down the #Americaneconomy #shattered Americans’ #dysfunctional, #profoundly #unequal #relationship with #worklike nothing in decades. even if there was great #discomfort in a #shutdown that severed almost every 1 of us from assumptions about how we earn a living, we also found an #unexpected #opportunity: to #remake our #relationship with the #labor that fills our days. https://www.washingtonpost.com/opinions/2022/11/14/covid-pandemic-work-resignation-quitting-unionization/