Trump Posts Memes Attacking Obama as ‘Traitor,’ Powell Dumped
President Donald Trump posted memes on Truth Social attacking former President Barack Obama and Federal Reserve Chair Jerome Powell on Monday afternoon. The first meme displayed Trump with a raised fist alongside images of former President Joe Biden kneeling in a mask and Obama bowing, captioned "LEADERS LEAD," "COWARDS KNEEL," and "TRAITORS BOW" respectively. Trump's attack on Obama referenced his longstanding criticism of the Iran nuclear deal, which Trump terminated, and falsely claimed that without its termination "you would have had a nuclear holocaust."
Trump's second post featured an artificially generated image of Powell being dropped into a dumpster, captioned "'Too Late' is a DISASTER for America! Interest Rates too high!" Trump has repeatedly attacked Powell for not lowering interest rates according to Trump's demands and for spending over $4 billion on Federal Reserve building renovations, approximately $1.5 billion above the projected cost. Trump announced last year his intention to sue Powell over the renovation expenses.
The Justice Department launched a criminal investigation into Powell weeks after Trump's lawsuit threat, which Powell characterized as retaliation for refusing to comply with Trump's pressure to lower rates. The DOJ dropped the investigation last week, yet U.S. Attorney for the District of Columbia Jeanine Pirro stated on Sunday that she has not fully closed the matter and may pursue further investigation into Powell. This pattern reflects Trump's systematic weaponization of federal law enforcement against political adversaries who resist his directives, as documented in prior reporting on Pirro's investigation into Powell.