Trump and his allies are crying “election interference” over the Federal Reserve’s decision to slash interest rates
After months of complaining about the crippling burden of high interest rates and expensive borrowing, Republicans for some strange reason don’t seem too happy that the Federal Reserve has moved to do something about it.
On Wednesday, the Federal Reserve announced it is cutting interest rates by half a percentage point. It’s the first cut since 2020 and a long-awaited decrease to historically high interest rates.
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Even as cynical as I am, it astonishes me that the Republicans have become entirely up-front about the fact that they don’t really give a shit about the American people and are only interested in how policy decisions affect them personally.
It’s not just the case that they’ll institute harmful policies if they can blame the Democrats for them or oppose beneficial policies that they can’t claim credit for themselves, but that they do it openly and obviously.
And their wholly emotion-driven supporters remain completely oblivious…
It’s really hard to make sense of their actions if you aren’t thinking of them as literal enemies of the republic.