The Next Deal

Written by SK Ashby

(Cartoonist - Joel Pett)

In other news, Secretary of State Mike Pompeo previously claimed that he did not read the transcript of Trump's called with Ukrainian president Volodymyr Zelenskiy, but it turns out he didn't need to. Pompeo was on the call when it happened.

Meanwhile, the Fourth Circuit Court of Appeals in D.C. has ruled that the FCC had the authority to revoke net neutrality, however the FCC cannot stop states from passing their own net neutrality laws.

Finally, Trump is blaming the Federal Reserve for the new recession in American manufacturing.

“As I predicted, Jay Powell and the Federal Reserve have allowed the Dollar to get so strong, especially relative to ALL other currencies, that our manufacturers are being negatively affected. Fed Rate too high. They are their own worst enemies, they don’t have a clue. Pathetic!” Trump wrote.

The current recession has very little if anything to do with the value of the dollar relative to other currency.

Also, positive interest rates not the only factor contributing to the value of the dollar.

Moreover, interest rates are already near zero and far below historical norms.