Ukraine support rally
While reading this article from the World Bank regarding emerging markets, this sentence caused a major pause:
The invasion of the Ukraine has triggered an initial appreciation of the U.S. dollar against EM currencies ….
“The Ukraine”? Haven’t we read and heard repeatedly that we shouldn’t use “the” because that feeds into the Soviet-era position that Ukraine is Russia’s territory, not its own nation? Hopefully the inclusion of “the” in the article was an oversight, and indeed there is a mention of “the war in Ukraine” earlier in the article. But often, articles from large organizations pass through more than one writer or editor, so it’s not clear that everyone at the World Bank is on the same page.
This is something to keep an eye on, as Russia’s invasion of Ukraine involves not just military weapons, but weapons of words and propaganda as well.
Photo by Robert T Bell, used under Creative Commons license. https://is.gd/DCaHhz
The Republicans’ positive plan
Nearly everyone knows that inflation is a problem, and that there are various proposals to solve it. However, some Republicans this year have been spouting a conspiracy theory: that the U.S. Federal Reserve is waiting until after the November 2022 midterm elections to raise interest rates, in order to help President Joe Biden and the Democratic Party. While this is just the latest in a long line of right wing conspiracy theories about the Fed, this particularly silly theory can be easily debunked a few steps:
–The current Federal Reserve Board Chairman is Republican Jerome Powell, who was appointed by Donald Trump. This fact alone should be enough to destroy the conspiracy theory. Moreover, of the seven Governors on the Fed’s board, three are Republican, which is normal during a Democratic administration. And in addition to Powell, these other Republicans were also appointed by Donald Trump. Given that the Fed Board’s votes to raise interest rates this year typically have been unanimous, one would have to believe the truly ludicrous theory that these Trump appointees are voting to help Biden and the Democrats.
–As indicated above, the Fed has been raising interest rates all year long. The Federal Funds Benchmark rate, which started at .25 percent early this year is now 3-3.25 percent, enough to sharply raise mortgage, auto loan and other rates. So if the plan was to delay rate increases until after the election, the Fed has failed miserably.
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Leave a comment! Tags: 2022 midterm elections, COVID, Democrats, Donald Trump, Federal Reserve, inflation, interest rates, President Joe Biden, Republicans, Russia, Ukraine
Latest attack on Dr. Oz
In the 2012 presidential election, Republican nominee Willard Mitt Romney inadvertently and repeatedly identified himself as Mr. Elitist/Moneybags/1%, and his Democratic opponent, President Barack Obama, quickly took advantage of the theme. The Obama campaign thus followed our Messaging Maxim #4: Feed the Narrative. Indeed, Romney fed this narrative himself, for example, by talking about his dressage horse Rafalca, revealing that his family travels by car with their dog strapped to the roof, and his infamous “WaWa’s” moment, where, getting the name wrong, Romney claimed to buy “hoagies” at gas station convenience stores. Needless to say, President Obama defeated Romney in a landslide.
Now, 10 years later, TV personality Dr. Mehmet Oz is committing many of these same elitist reveals as the Republican nominee for the U.S. Senate in Pennsylvania. Here is a handy chart showing how Dr. Oz is the new Mitt Romney:
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Leave a comment! Tags: 2012 election, 2022 midterm elections, Chuck Schumer, Democrats, Donald Trump, Dr. Oz, John Fetterman, Mitt Romney, Pennsylvania, President Barack Obama, Republicans, Twitter, U.S. Senate
