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US interest rates raised for first time in three years

121 points · 126 comments · higginsniggins

  1. qalmakka · · focus · HN ↗
    This is basically self inflicted, as usual messing up in the Middle East always ends up with consumer paying the price for their ruler's stupidity

    "Oh no, my drinking water tastes like crap after I pooped in the well"

    1. outside1234 · · focus · HN ↗
      We can’t afford healthcare because they revoked the subsidies but at least we now also can’t afford gasoline too!
      1. jjav · · focus · HN ↗
        > We can’t afford healthcare because they revoked the subsidies but at least we now also can’t afford gasoline too!

        But we can easily affort 500+ million per day for faraway foreign wars! That, no problem.

        1. qzw · · focus · HN ↗
          Also apparently a $5000 “dividend” for everyone if we just “do the right thing”. I thought you had to be profitable to pay a dividend, but apparently not. Oh also, that $1.5T will magically not add to the debt or come from tax dollars.
          1. torginus · · focus · HN ↗
            Isn't that the textbook definition of buying votes?
            1. Brendinooo · · focus · HN ↗
              Apparently not.

              >In Brown v. Hartlage (1982), a Supreme Court case where a Kentucky county commissioner promised to reduce his salary if elected, the Court unanimously drew a line between policy promises and vote buying. “A candidate’s promise to confer some ultimate benefit on the voter, qua taxpayer, citizen, or member of the general public, does not lie beyond the pale of First Amendment protection,” Justice William Brennan Jr. wrote. Given that precedent, Trump is almost certainly within the bounds of the law (you might remember Elon Musk wasn’t charged for handing out $1 million checks to people during a campaign rally in Wisconsin in exchange for “taking the time to vote.”).

              <a href="https:&#x2F;&#x2F;www.readtangle.com&#x2F;trump-dividend-midterm-promise&#x2F;" rel="nofollow">https:&#x2F;&#x2F;www.readtangle.com&#x2F;trump-dividend-midterm-promise&#x2F;

              1. Arodex · · focus · HN ↗
                This is an asinine decision that essentially makes vote buying totally legal. We see this trick with the recent Supreme Court decisions that essentially make racial gerrymandering legal again by just making the crime impossible to prove by accepting any other justification at face value.
                1. Brendinooo · · focus · HN ↗
                  I mean, if you really believe that, then no politician would ever be able say something like &quot;I&#x27;ll work to get you free health care&quot;.
                  1. Ntrails · · focus · HN ↗
                    Yeah. I&#x27;m not sure how a strict reading doesn&#x27;t end up with obvious policies ending up making all of the policies below &quot;vote buying&quot;:

                        - Cancel student loans
                        - Reduce federal tax rates
                        - Increase unemployment&#x2F;pension&#x2F;etc payouts
                    
                    There is always a state of &quot;this policy upside is contingent on voting for me&quot; - though in Trumps case he is making it contingent Not on his own electoral outcome in some sense. Just messy.
                    1. Brendinooo · · focus · HN ↗
                      As is often the case with our commander in chief, things once expressed subtly are now expressed brazenly.
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