
sherpa
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Everything posted by sherpa
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The question I asked was about the Chief of Naval Operations. People do not "rotate in and out of that position," nor the other head of service positions. With knowledge of the single greatest threat posed to the Navy now, and for the next few years, a recommendation was made. That recommendation was discounted and a different candidate was announced by the administration. That is not to say she isn't qualified, it is to say that experts and operators in the loop do not consider her to be the best qualified, which was exactly what farley stated. On the other hand another candidate that seemed to have a trait completely unrelated to competence, the one the administration recommended for FAA Administrator was completely unqualified, exposed as such in Senate confirmation hearings and subsequently withdrew.
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Completely unrelated to the Senator's actions, but are you claiming that you have read the bios of over 300 0-6's and above? Are you claiming that you are qualified to judge them as the best candidates for these positions, which was the claim you quoted? It wasn't that they were unqualified, it was that they weren't the best candidates.
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I have a quite clear idea of the Fed, its composition and how it works, and I follow the actions closely, and have since Volcker through Greenspan and to the present. There is no clarity if a president could fire a Fed Chairman but such a move, if done for the sole reason of a policy disagreement would be idiotic. The bond market would have a seizure, and the stock market would likely follow suit. The turmoil would negate any perceived benefit, and like it or not, while the Fed has control over a few interest rates, the bond market is supply and demand, as is the mortgage market. All of these hypotheticals about what Trump would do, like fire a Fed Chairman over nothing other than a policy dispute, pull us out of NATO, and attack Iran during his last term are not worth wasting time on. If he were to get re-elected the discussions would be intense, but he says a lot of things that never come about, because in my view he is an unusually undisciplined speaker. His views on what Fed policy should have been during those times, which had some very unusual circumstances don't interest me, and again, the president has entirely different motivations that inform his views on Fed policy that the actual Fed three mandates. Either way, I won't vote for him because of his chaotic and confrontational style, but I do play close attention to the fixed income world and behave accordingly, as I have since the 80's.
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I've never exaggerated about anything, and I recall not one single instance where you claimed that, let alone "a million." I'd be glad to respond if such a thing exists. No chance Trump ever would be successful in firing him, nor would such a strategy work as the rest of the group recommended the same raise. The claim is idiotic, similar to the claim made here that he was going to pull us out of NATO. Simply crazy, and not supported by existing law or treaty.
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I'm not interested in talking to you about this. The dynamic has been in effect for decades. The president always wants lower rates, more liquidity, a happy market etc. The Fed has its mandates, which are different, and some times at odds, for the billionth time. Understand that; acknowledge that or go away.
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You are way out of your lane. Say what they want, but he Executive has no ability to effectively pressure the Fed or determine Fed policy vis a vis funds rate or other actions. The Fed, for the billionth time, has its own mandate that is apolitical. Your posts indicate you do not know this. Stay with what you know.
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The Fed is independent entity whose mandate is to promote full employment, moderate long term interest rates and stable employment. Conflict between the Fed and the Executive has always been in place, the most noteworthy being the situation between Fed Chairman Volker and Reagan. They have conflicting short term interests. You put out a lot of "stuff" on a lot of different subjects, but those views seem to be grossly influenced by political view. Your point, not that it was effectively supported, is ridiculous.
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Absolute nonsense, I have no argument with mortgage rates going up as a derivative of the Fed needing to put a damper on inflation. Not Biden's fault. Inflation brought about by years of Fed expanding its balance sheet and over the top fiscal stimulus by Congress, some needed to battle covid effects, but some for purely political goals. But...To say that the economy was a mess under Trump is ridiculous. Things were just fine until covid. I don't blame either of them for responding to it. The last stimulus was unnecessary. Either way, Biden in no imaginable way "improved it significantly."
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I have no idea, and neither does anyone else on this site. The fact is that the man is an out of control maniac who seems to have no concern for civilian death as he attempts to create an impossible legacy. Those people are better off gone. Please don't extend this view to a conclusion that the US should do it. That point has not been made.
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Claim. Not say.....and I know. It's my own damn fault.
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Ya. That's a good one, but when I google Biden lies, I get a message that says " Google is denying your request, as we are not big enough." Mea Culpa.
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I have said repeatedly that I don't give a rat's about Trump. It is wacky the way people habitually attempt to diminish a pathological liar's repeated claims of history that never happened with some justification with someone else. The man is crazy. You asked me for evidence of his separation from reality and I provided it, citing many examples, some most recent, and if I cared to, I could do this for an entire day. He is a career liar. Period. Nothing to do with Trump or anyone else.
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Because I was only referring to recent lies, I didn't mention his grossly fabricated academic record. Three undergraduate degrees and finishing in the top half of his graduating law school class. Lied about his families history in the coal mines. His "great honor of being arrested on the streets of Soweto with our UN Ambassador trying to see Nelson Mandela." Lied about visiting Afghanistan to visit a "Naval Officer," which is my favorite because it is so bizarre. https://www.dailywire.com/news/biden-tells-poignant-story-about-his-encounter-hank-berrien
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I hate to quote such a lengthy post to make such a simple point but......I don't give a rat's about Trump, and he has nothing to do with Biden's obvious, repeated separation from reality. His extremely minor kitchen fire, was which in no conceivable way nearly resulted in a loss of his wife cat or Corvette, in no human way comes close to what happened to the people he was addressing in Maui.
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His claim that he almost lost his wife, cat and Corvette in a housefire. Totally false. The details of a claim of a friendship and conversations with an Amtrak conductor. Totally false. The claim that he convinced Strom Thurmond to vote for the Civil Rights Act when he was 21. Totally false. The claim that his grandfather died in the same hospital weeks before he was born. Totally false. His claim of securing a Purple Heart for his Uncle Frank while Vice President. Probably false. I am not going to do a review of his plagiarism, which got him exposed during a failed attempt to run for president in 1988, or his ridiculously false claims about his academic record. The man has been lying and self aggrandizing for decades, and as his cognitive ability is in obvious decline, he simply has lost contact with reality. Late edit. I forgot to add his lying claim that he was not presented with an option from SecDef and Chairman JCS to leave a 2000 person contingent to protect the disgraceful evacuation of Afghanistan. He was, and he lied about it.
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Biden's problems are far more serious than pneumonia. The man is divorced from reality, and every week provides more evidence of this.