Thursday, February 13, 2025

‘Does He Understand Money?’

Rupert Murdoch's editorial writing team at the Wall Street Journal says America's gold decor-loving, cash-carrying billionaire president doesn't understand how money actually works. On Tuesday, U.S. consumer price inflation unexpectedly rose to 3 percent, prompting an excitable post from Donald Trump on his social media platform Truth Social saying that interest rates should be lowered and that this would go "hand in hand with upcoming Tariffs!!!" "Does President Trump understand money? ... the answer would appear to be no," the WSJ editorial board replied, going on to explain why doing such a thing might cause inflation to soar"and Trump's approval ratings to plunge.

Comments

More: Under the headline "Trumponomics and Rising Inflation," the WSJ team went on to systematically dismantle Trump's mental abilities. "The layers of intellectual confusion here are hard to parse," it wrote, before reluctantly going on to try and parse them anyway.

"Rising inflation means the Fed must be more cautious in cutting rates," it said, in a similar tone to that you might find in an eighth grade economics class.

"He has the analysis backward," they continued, "if he's trying to blame the Federal Reserve."

"Someone should tell him," about what was actually to blame for the potential for a pause in rate cuts (the Fed's "premature" half percentage point cut in September, apparently.)

#1 | Posted by qcp at 2025-02-13 11:38 AM

Does He Understand Money?

He certainly knows how to pilfer it from cancer charities and toothless garbage people.

#2 | Posted by reinheitsgebot at 2025-02-13 11:41 AM

Of course not. He inherited his wealth. How could he know about how money works??

#3 | Posted by LauraMohr at 2025-02-13 11:50 AM

Drudge Retort Headlines

Elon Musk Issues Major Social Security Warning (183 comments)

Trump Dodges Questions on High Prices (74 comments)

Gabbard Confirmed As DNS (67 comments)

RFK Jr. Confirmed (56 comments)

'We'll All Have to Go Vegan': Wisconsin Dairy Farmers Fret over Immigration Crackdown (42 comments)

'Highway Robbery': NYC Hits Back over FEMA Funds Seized by Trump Administration (34 comments)

Republican Bill: Rename Greenland to "Red, White and Blueland' (29 comments)

Is This the End of the Republic? (27 comments)

Almost $500 Million in Food Aid at Risk of Spoiling (24 comments)

How to Stop Trump's Power Grab (23 comments)