17 September 2026
National Access to Credit vs. Personal Creditworthiness
President Trump looks at U.S. interest rates from the
standpoint of a borrower. He has sought
funding for real estate projects all his private career. During his two White House terms he has sought
to use other nations’ money to finance his legacy projects and the expansion plans
of his and other large corporations located within the borders of the world’s
biggest sovereign debtor.
The Federal Reserve is charged with two sometimes countervailing domestic tasks—keeping inflation low and
preventing recession-level unemployment.
Although it does not directly lend money to the users of capital in the economy, it
regulates the cost of money available for lenders to offer their consumer and
commercial customers. Those customers constitute
both Trump’s electoral strength and the private collaborators with the Trump
Organization.
The lasting feature of Trump’s presidency has
been his refusal or inability to subsume his personal worthiness of credit to national long-term economic stability. In his mind there can be no conflict between
those two objectives because election to the U.S. presidency is tantamount to
the award of a prize—the license to take advantage of all the perquisites of
office for personal gain. In other
words, ask not what the president can do for you; ask what he deserves that you
give him.
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