Cognitive dissonance (or rank economic ignorance) is at work when Orange Blatherskite simultaneously claims he is master of a booming economy, and says that the Federal Reserve needs to cut interest rates. If the economy were actually doing well, basic economics says that interest rates should go up. Some point to the decreasing value of the stock market. The stock market rose to such heights only because lowered interest rates killed the bond market.
Everything above is obvious to anyone who actually understands economics. The President apparently said that he didn't know who the bigger enemy to our economy was--the Chairman of the Fed or Chinese President Eleven. Huh? The President thinks the Chinese are such an imminent threat that he destroys American commodity exports a la Jimmy Carter to "fight" them, and now he implies that the Chairman of the Fed is worse than the dictator of a Communist regime? This moment of stupidity was brought to you by the letters "O" and "B."
Everything above is obvious to anyone who actually understands economics. The President apparently said that he didn't know who the bigger enemy to our economy was--the Chairman of the Fed or Chinese President Eleven. Huh? The President thinks the Chinese are such an imminent threat that he destroys American commodity exports a la Jimmy Carter to "fight" them, and now he implies that the Chairman of the Fed is worse than the dictator of a Communist regime? This moment of stupidity was brought to you by the letters "O" and "B."
