This is the verbatim repost of the political commentary found on Facebook written on October 11, 2018 by Michael “Vass” Vasquez:
So time for a quick economic thought (possibly the only subject the public likes to think about less than politics). The Federal Reserve is pushing for higher rates to, as some believe, stop the economic growth of the nation. Potentially raising inflation in the process.
Here is the question… what if this is not about economics but politics?
Before you scoff at this recall it was just June 9, 2018 when Bill Maher hoped for a crashing economy. It was June 11, 2018 as Rep. Nancy Pelosi called the economic gains insignificant and immaterial.
And though in 2016 both Sen. Schumer and Pelosi wanted to cut taxes, once Republicans actually got it done, it was both of them who have advocated INCREASING taxes (March 7 and May 8, 2018 respectively) in a continuous call to motivate mid-term election wins – somehow. Though that is nearly universally understood to kill the current economic boon.
Which brings us back to the Fed. Higher rates, without regard for real world market conditions does exactly what Maher, Pelosi, and Schumer are seeking – an end to a positive economy (that they feel, likely correctly, is bolstering Pres. Trump and Republicans). Dems have already used the far more sensitive issue of sexual assault to try to get a political
advantage, does anyone doubt they would use economic harm for the same?
Maybe I’m wrong. I would hope so. But its a question we must ask, and an issue we must be vigilant over. The stakes are too high if we don’t.