Trump Applauds Government Socialism to Funnel Billions Into The Banks, Trump Supporters Don’t Mind

President Donald Trump applauded the Federal Reserve for buying mortgage securities from banks — a form of government socialism — in order to funnel billions to the banks.

Trump also thanked the Federal Reserve for dropping the benchmark interest rate to 0.25% — to save Trump’s fragile economy that has been cratering for the past two weeks.

The Federal Reserve is calling its socialistic bailout a “$700 billion quantitative easing program,” reports CNBC.

The Fed said that foreign banks — Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve, and the Swiss National Bank — are helping prop up the fragile American dollar.

(Sources: CNBC, MSNBC)

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