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Donald the Bolshevik: “I’m not a Nazi. I’m the opposite of a Nazi,” Trump says in Atlanta [1]

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Date: 2024-10-28  

. @immcouncil estimates that a one-time operation to deport the ~11m undocumented immigrants now living in the US would cost at least $315 billion Would also reduce annual GDP by 4.2%-6.8%. In comparison, the U.S. GDP shrank 4.3% during the Great Recession https://t.co/oZtMEb2Rkq pic.twitter.com/2FyHemSi15

UBS: "Under [Trump's] universal tariff scenario, we would expect bond yields to decline and US equities to fall by around 10%, with the biggest impact on retailers, auto manufacturers, tech hardware, semiconductors, and parts of industrials." https://t.co/WLAoyYVDfz

IMF could not yet assess specifics of Trump trade plans, but says “if you have some very serious decoupling & broad scale use of tariffs, you could end up w/ a loss to world GDP of close to 7%" for scale: "7% is basically losing French & German economies" https://t.co/a95JiYXtci

Trump has repeatedly and directly threatened the independence of the Federal Reserve. On the show today - why that would be very, very bad. https://t.co/jT9R0VEDWZ

As the current Republican nominee for president, Trump has continued to criticize the Fed and Powell. After the Fed announced last month’s rate cut, Trump said, “It really is a political move. Most people thought it was gonna be half of that number, which probably would have been the right thing to do. So it’s a political move to try and keep somebody in office.”

In addition to criticizing the Fed’s policy decisions, Trump has also said on multiple occasions that he believes he should have a role in interest rate decisions. This month, at the Economic Club of Chicago, he said: “I think I’m better than most people would be in that position. I think I have the right to say, ‘I think you should go up or down a little bit.’ I don’t think I should be allowed to order it, but I think I have the right to put in comments as to whether or not interest rates should go up or down.”

In August, Vice President Kamala Harris, the Democratic presidential nominee, said of Trump’s statements and her stance on Fed independence: “The Fed is an independent entity, and as president I would never interfere in the decisions the Fed makes.”

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