Comment by kasey_junk
1 year ago
He’s scared of them.
If he were to mess with the Fed it would impact Wall Street, particularly by making the market indices go down.
For whatever reason he cares about that in ways he doesn’t care about his approval ratings or the historical norms of the office. See how fast he reached a deal on tariffs earlier in the month when the markets reacted to them? Since then they’ve been slowly leading tariffs to get the message out so when the tariffs come the market will have priced it in.
He’ll get to the Fed. But it won’t be overnight. The administration will start messaging it and choreographing the change long enough before so it won’t spook Wall Street.
This is the key, there is a reason why the Fed Chairman doesn't ad-lib any of their public speeches. They read a carefully prepared statement and that's it.
Just a small wink, nod or a pause somewhere might cause panic on Wall Street.
His project2025 handlers (lets be clear hes not that smart) have calculated exactly how much opposition each outrageous thing can stand, beyond which there would be too much coordinated pushback. So its all about divide everybody against their own little thing to try and get as much fuckery through as possible
His approval rating is quite high considering the circumstances. Will take months to really understand, but at least half of America abhors the federal government.
The only president with approval ratings lower than his current rating, this early in their presidency, was his own first term: https://news.gallup.com/poll/116677/presidential-approval-ra...
And its dropping from the low point it started at https://projects.fivethirtyeight.com/polls/favorability/dona...
I don't know what "considering the circumstances" are but his approval ratings are historically abysmal, not quite high.
Can you imagine if the media were actually reporting on what's happening honestly, especially Fox News?
It begins: https://www.wsj.com/politics/policy/musk-looks-at-auditing-t...
The new Commerce secretary controls massive amounts of Tether.
Elon Musk’s entire net worth is tied up in stocks.
If Tesla crashed, so would Elon’s power.
You've got me hoping for a massive market correction now.
March 18. A correction, however, is not the proper word.
March 18 :)
I know it sucks, but ELon also has SpaceX, Twitter, xAI and oddballs like neurolink and boring company that would still keep him outrageously wealthy if Tesla collapses.
Also Tesla won't collapse because it's investors are the most brain damaged investors, and frankly their self-fulfilling prophecy has kept them repeatedly buying any dip back up. It's been extremely profitable to be a mindless Tesla investor.
I'd really expect that he is actually at a loss on all of those except for SpaceX which has a clear path towards being cash flow positive if it isn't already
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Why does it suck that he has given humanity all those things?
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