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ArcticStones's avatar

I am really, really hoping the standoff between Federal Reserve Chair Jerome Powell and Trump lasts past Election Day. Neither we nor Wall Street want a lackey at the Fed who drops interest rates just because Trump says he should.

US Attorney Jeanine Pirro supposedly has directed her office to drop the criminal investigation into Powell and the Fed's renovations. To his credit, Senate Majority Leader John Thune is refusing to move forward on Trump’s nominee for new Fed Chair until that absurd investigation is permanently closed.

But, hey, Trump’s obstinacy and thirst for vengeance could still save the day!

ArcticStones's avatar

Two telling quotes:

“President Donald Trump calls environmentalists “terrorists.” Yet he is responsible for destroying more oil and gas infrastructure, and possibly more fossil-fuel demand, than the most optimistic ecoterrorist could in their wildest dreams. By going to war with Iran, the president, who has been openly hostile toward the clean-energy transition, may unintentionally turn out to be one of its greatest allies.”

– Mark Gongloff, Bloomberg

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“Donald Trump has done more to accelerate the energy transition than anyone else alive. The attack on Iran is not the way any of us wanted this to happen, but the unintended consequences of Trump’s pointless war could help sink Trumpism everywhere – and the corrupt and filthy industry that props it up.”

– George Monbiot, The Guardian

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