Trump and Powell to Meet

Oh, the danger.  At least what Peter Nicholas and Paul Kiernan worried about in their Friday Wall Street Journal piece.  President Donald Trump might exert too much pressure on Federal Reserve Chairman Jerome Powell.

[A] sit-down could pose serious risks to the perceived independence of the Fed, according to lawmakers, former Fed officials, and longtime central bank watchers.

Maybe even fire Powell, or threaten him with that.

Most of the ones making such claims are Progressive-Democrats manufacturing a beef for the sake of having something Trumpian about which to whine.

To the extent the threats exist, those exclaiming over them are insulting Powell, saying he’s such a limp-kneed coward that he’d take such threats seriously—as though they think Powell would consider his having the job to be more important than his own integrity or the duties levied on him and the requirements levied on the Fed he leads.

…it [the meeting] could give rise to outside speculation that Mr Trump is seeking to sway Fed policy given his public objections to higher interest rates, these people added.

Of course Trump would, or I hope he would.  That’s part of his duty as this nation’s Chief Executive.  Along with every Congressman, the President has a duty to speak his piece on economic policy—including to members of the Fed’s governance—and to push for his position. Including with members of the Fed’s governance.

The Fed is a part of our government; it is not above it; it cannot require audiences to be begged for before anyone can come before it.  No one in the Fed is too holy or beyond approach.  By anyone.

Powell understands that; he’s not the Milquetoast he’s made out to be by such…concerns.  Alternatively, if he is, he should be fired.  That personal weakness would amply satisfy the “for cause” requirement for a President to fire a Fed Chairman.

Racism and Naming Schools

Jason Willick had an op-ed in Friday’s Wall Street Journal that recounted a failed effort to rename a Palo Alto, CA, middle school in honor of an American WWII war hero. That hero was PFC and Silver Star recipient Fred Minoru Yamamoto of the US Army’s 442nd Regimental Combat Team; he was killed in action in 1944 in the Vosges, in eastern France, by German artillery.

Chinese-Americans [sic] raised a huge hue and cry over the proposal—because Isoroku Yamamoto was an admiral of some…fame…in the Japanese navy from 1939-1943.  Fred and Isoroku shared a last name, and even though there was no relationship, familial or otherwise, whatsoever between the two, that similarity of sound in last names was enough, in those Chinese-American minds, to brand Fred with the same evil as Isoroku. No school would be named after Fred as a result of this uproar.

This is an example of identity politics in its full, racist bloom.  It goes further.

“Are we racist?” one Taiwanese-American mother asks incredulously. “Look at the history in Asia,” she adds, while preferring not to be quoted by name. “Taiwan was colonized by Japan for 50 years.”

Yeah. You are racist. The Republic of China [sic—it’s interesting you insist on using your misnomer] was not colonized by anyone related to Fred Yamamoto. Your insistence that all Yamamotos look alike—your refusal to see any difference among them—and your manufacture of hurt feelings over a partial name mark you racist, indeed. No wonder you hide in anonymity.

Do you agree, Madam, with Progressive-Democrat FD Roosevelt’s locking up of Americans with Japanese heritage in “internment” camps solely on the basis of that heritage?  Two of which incarcerated our Yamamoto before his enlistment?  Think about this entry from Fred’s diary, written while he was in the Heart Mountain “internment” camp. He made this entry on the occasion of his decision to enlist in the United States Army:

Because faith to me is a positive thing, I’m putting all my blue chips on the U.S.A. … In short, I’ve volunteered.

 

Separately, the identity politics obsession of Willick is equally evident: Taiwanese-American? Not American with Taiwanese [RoC] heritage? Really?

Happy New Year

Originally published in 2012, I repeat it here.

This blogger hopes for increasing prosperity for all in the new year just begun.  Following are some additional thoughts, from those better than I.

Dinner was made for eating, not for talking.
–William Makepeace Thackeray

New Year’s Resolution: to tolerate fools more gladly, provided this does not encourage them to take up more of my time.
–James Agate

Those who gave thee a body, furnished it with weakness; but He who gave thee Soul, armed thee with resolution.  Employ it, and thou art wise; be wise, and thou art happy.
–Akhenaton

Character is the ability to carry out a good resolution long after the excitement of the moment has passed.
–Cavett Robert

And ye, who have met with Adversity’s blast,
And been bow’d to the earth by its fury;
To whom the Twelve Months, that have recently pass’d
Were as harsh as a prejudiced jury –
Still, fill to the Future! and join in our chime,
The regrets of remembrance to cozen,
And having obtained a New Trial of Time,
Shout in hopes of a kindlier dozen.
–Thomas Hood

We spend January 1 walking through our lives, room by room, drawing up a list of work to be done, cracks to be patched.  Maybe this year, to balance the list, we ought to walk through the rooms of our lives…not looking for flaws, but for potential.
–Ellen Goodman

New Year’s Day: now is the accepted time to make your regular annual good resolutions.  Next week you can begin paving hell with them as usual.
–Mark Twain

Youth is when you’re allowed to stay up late on New Year’s Eve.  Middle age is when you’re forced to.
–Bill Vaughn

This bit of ’70s-style wisdom:

A year from now, you’re gonna weigh more or less than what you do right now.
–Phil McGraw

And finally,

Let our New Year’s resolution be this: we will be there for one another as fellow members of humanity, in the finest sense of the word.
–Goran Persson