2 months ago
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PULSE POINTS:
❓What Happened: Al Gore compared the Trump administration to Nazi Germany and called Trump a “threat” to the Constitution.
👥 Who’s Involved: Al Gore, former U.S. Vice President; Donald J. Trump, 45th and 47th U.S. President.
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📍 Where & When: The comments were made during an event in San Francisco at the start of “Climate Week.”
💬 Key Quote: “Our constitution, written by our founders, is intended to protect us against a threat identical to Donald Trump.” — Al Gore.
⚠️ Impact: Gore’s histrionic remarks may drive a further wedge between the Democrats and independent voters who do not believe President Trump’s energy policies warrant comparisons to the Nazis.
IN FULL:
Former Vice President Al Gore, speaking at a “Climate Week” event on Monday, drew parallels between the Trump administration and the National Socialist regime of Adolf Hitler in Germany. Gore, the failed 2000 Democratic presidential candidate, made the remarks at a San Francisco science museum to an audience of only around 150.
Gore alleged that, like the Nazis, the Trump administration is “trying to create their own preferred version of reality.”
“I understand very well why it is wrong to compare Adolf Hitler’s Third Reich to any other movement,” Gore continued, despite having just done precisely that. “It was uniquely evil, full stop. I get it. But there are important lessons from the history of that emergent evil.” He added: “Our constitution, written by our founders, is intended to protect us against a threat identical to Donald Trump.”
The 77-year-old complained of the Trump administration, “They say the climate crisis is a hoax invented by the Chinese to destroy American manufacturing, they say coal is clean, they say wind turbines cause cancer, they say sea level rise just creates more beachfront property,” alleging that America is “under attack.”
With high energy prices contributing significantly to the decline of American manufacturing and the cost of living crisis for American households, and China’s construction of new coal plants at a ten-year high, President Trump has made energy independence a priority for his second administration.
Earlier this month, he signed four executive orders to save coal miners’ jobs and revitalize their industry, saying, “[W]e’re taking historic action to help American workers, miners, families, and consumers. We’re ending Joe Biden’s war on beautiful, clean coal once and for all. We’re going to put the miners back to work.”
PULSE POINTS:
❓What Happened: President Donald J. Trump criticized Federal Reserve Chair Jerome Powell, calling for reduced interest rates amid claims of low inflation.
👥 Who’s Involved: President Trump and Jerome Powell.
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📍 Where & When: On Truth Social, the morning of Monday, April 21.
💬 Key Quote: Trump remarked, “Powell has always been ‘Too Late,’ except when it came to the Election period when he lowered in order to help Sleepy Joe Biden, later Kamala, get elected. How did that work out?”
⚠️ Impact: The U.S. economy has sent mixed signals that have left the Federal Reserve to adopt an overly cautious stance. However, recent indicators have suggested deflation could now be occurring, which may finally push Powell to reduce rates.
IN FULL:
President Donald J. Trump is continuing his criticism of Federal Reserve Chair Jerome Powell, urging for immediate cuts to interest rates. Trump reiterated his position on Truth Social on Monday, stating, without providing evidence, that “preemptive cuts” to rates are being advocated by many as the economy faces what he described as “virtually No Inflation.”
“‘Preemptive Cuts’ in Interest Rates are being called for by many. With Energy Costs way down, food prices (including Biden’s egg disaster!) substantially lower, and most other ‘things’ trending down, there is virtually No Inflation,” Trump wrote, continuing: “With these costs trending so nicely downward, just what I predicted they would do, there can almost be no inflation, but there can be a SLOWING of the economy unless Mr. Too Late, a major loser, lowers interest rates, NOW. Europe has already ‘lowered’ seven times.”
“Powell has always been ‘Too Late,’ except when it came to the Election period when he lowered in order to help Sleepy Joe Biden, later Kamala, get elected. How did that work out?” the America First leader added.
President Trump has increased pressure on the Federal Reserve chairman in recent weeks. Last week, Trump suggested Powell’s removal as the head of the U.S. central bank could be imminent, writing on Truth Social that, “Powell’s termination cannot come fast enough!” However, according to U.S. Treasury Secretary Scott Bessent, Powell is likely to be replaced as Fed chair later this year, with the target date being “sometime in the fall.”
The Federal Reserve has been slow to reduce interest rates, fixating on concerns that inflation could accelerate. However, a Consumer Price Index (CPI) print from early April had SuperCore CPI—a key indicator monitored by the central bank—showing possibly deflation. A deflationary cycle is far more of an economic concern than reigniting inflation, and may suggest a lack of liquidity in the market, meaning an interest rate cut may need to occur, whether Powell is ready for rate reductions or not.
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