News for hackers. Stuff that matters.
Re:Federal Reserve raises rates by 0.75% by pfisherman on Wednesday June 15, 2022 @03:10PM (#31757866)
We had someone who was attempting something like tyrannical rule between 2016 - 2020 when the economy was going gangbusters. In his infinite wisdom he passed a ginormous tax cut, and then publicly lambasted the fed chair for modestly raising interest rates.

Not that administration is solely to blame for our predicament. The failure goes back even before the previous administration who had a mandate to make radical changes after the 2008 election cycle, and instead continued business as usual.

Re:Federal Reserve raises rates by 0.75% by jaywalk on Wednesday June 15, 2022 @03:27PM (#31758134)
Wow, he passed a ginormous tax cut all on his own? Without the House and Senate both passing it first and sending it to him to sign?? That's extremely tyrannical! I can't believe I never heard about this, do you have any more info I can look at???
Re:Federal Reserve raises rates by 0.75% by matthewdgreen on Wednesday June 15, 2022 @03:58PM (#31758614)
Re:Federal Reserve raises rates by 0.75% by jaywalk on Wednesday June 15, 2022 @04:05PM (#31758712)
Yeah, that was my point.