Trump will nominate former campaign adviser Stephen Moore to Federal Reserve

[JasperL]

Trump will nominate former campaign adviser Stephen Moore to Federal Reserve

Trump will nominate former campaign adviser to Federal Reserve Board - CNN

Washington (CNN Business)President Donald Trump said Friday he plans to nominate his former campaign adviser, Stephen Moore, to the Federal Reserve Board.

"It is my pleasure to announce that @StephenMoore, a very respected Economist, will be nominated to serve on the Fed Board. I have known Steve for a long time -- and have no doubt that he will be an outstanding choice!" Trump tweeted.

I'll be interested in the GOP response to this announcement. Stephen Moore is an unqualified hack and has no business in a serious role in any administration, much less the Federal Reserve Board.

All you really need to know about Stephen Moore is this story.

Why one editor won't run any more op-eds by the Heritage Foundation's top economist - Columbia Journalism Review

Krugman wrote an article calling Moore a hack. So Moore proceeded to write an editorial in the Kansas City Star, proving it beyond all doubt. First he manufactured some jobs data for various low versus high tax states - said for 'the past five years' in 2014, which would be 2009 or 2010 through 2014. When those numbers were proved wrong, Moore 'corrected' the claim by saying he really meant 2007-2012, which includes the collapse. But even those jobs claims were manufactured, complete lies. Moore claimed, for example, that Florida GAINED hundreds of thousands of jobs during that time period, but the state LOST 462,000 jobs.

So he lied, was caught, and "corrected" the lies with more lies. The lies were so blatant the Kansas City Star blackballed him from the newspaper. And Trump wants to put him on the Federal Reserve Board. Trump is trying to prove there is no bottom to the ditch he's trying to drag this country into. Hopefully the financial community forces the GOP's hands to reject this moron for FRB.

 

[Ikari]

Being an unqualified hack has hardly prevented Trump from putting into place his cabinet members.

 

[SenorXm/Sirius]

1 unqualified hack appointing another unqualified hack.

I'm SHOCKED I tell you, SHOCKED.

 

[uptower]

The question should perhaps be how long will he last?

How long till incompetence, scandal or disillusion catch up?

 

[Rexedgar]

Why, two years in, is there an opening in the Federal Reserve Board?

 

[JasperL]

Why, two years in, is there an opening in the Federal Reserve Board?

Here's more of the liar just making up facts. No wonder Trump loves the guy - he lies with the same ease as Trump and appears as knowledgeable about monetary policy. See starting at 2:00 or so.



And here's more history of his ignorant hackery. Trump Nominates Famous Idiot Stephen Moore to Fed Board

Since Donald Trump moved into the White House, the Republican Party has reversed its views on both fiscal and monetary policy. Whereas it had previously deemed deficits and inflation a mortal threat, and called stimulus and lower interest rates counterproductive, the party line now demands both.

Moore has naturally ridden along with this reversal, but what has set him apart is the fervency with which he has embraced the volte-face. He has insisted on television that the economy is experiencing deflation, and when corrected by panelist Catherine Rampell on this unambiguous error of fact, refused to give ground. He has called for firing the Federal Reserve chairman as well as firing the entire Federal Reserve board.

Mooore’s current ultra-dovish stance is hardly anywhere near as ridiculous as his previous ultra-hawkish stance. The problem is that he has no grasp of the policy, and simply follows whatever line helps the Republican Party. While the internal workings of his mind remain a matter of speculation, I doubt he is consciously venal enough to tailor his thinking explicitly to partisan goals. Rather, Moore has extremely strong partisan instincts and extremely limited analytical skills.

 

[Slavister]

Here's more of the liar just making up facts. No wonder Trump loves the guy - he lies with the same ease as Trump and appears as knowledgeable about monetary policy. See starting at 2:00 or so.

OMG! that video is hilarious!

 

[Bullseye]

Trump will nominate former campaign adviser Stephen Moore to Federal Reserve

Trump will nominate former campaign adviser to Federal Reserve Board - CNN



I'll be interested in the GOP response to this announcement. Stephen Moore is an unqualified hack and has no business in a serious role in any administration, much less the Federal Reserve Board.

All you really need to know about Stephen Moore is this story.

Why one editor won't run any more op-eds by the Heritage Foundation's top economist - Columbia Journalism Review

Krugman wrote an article calling Moore a hack. So Moore proceeded to write an editorial in the Kansas City Star, proving it beyond all doubt. First he manufactured some jobs data for various low versus high tax states - said for 'the past five years' in 2014, which would be 2009 or 2010 through 2014. When those numbers were proved wrong, Moore 'corrected' the claim by saying he really meant 2007-2012, which includes the collapse. But even those jobs claims were manufactured, complete lies. Moore claimed, for example, that Florida GAINED hundreds of thousands of jobs during that time period, but the state LOST 462,000 jobs.

So he lied, was caught, and "corrected" the lies with more lies. The lies were so blatant the Kansas City Star blackballed him from the newspaper. And Trump wants to put him on the Federal Reserve Board. Trump is trying to prove there is no bottom to the ditch he's trying to drag this country into. Hopefully the financial community forces the GOP's hands to reject this moron for FRB.

Krugman is an idiot of the first degree who still thinks WW II was an excellent example of Keynesian economic stimulus. Steven Moore is an eminently qualified economist. He will make an excellent FRB Governor; the fact he was one of the architects of the booming economy we've enjoyed for the past 2+ years proves that.

 

[prometeus]

Krugman is an idiot of the first degree who still thinks WW II was an excellent example of Keynesian economic stimulus. Steven Moore is an eminently qualified economist. He will make an excellent FRB Governor; the fact he was one of the architects of the booming economy we've enjoyed for the past 2+ years proves that.

Most of the time the idiots are the ones making baseless comments about the qualifications of others, but before we make that inescapable conclusion why don't you tell us your qualifications to make such comments, because based on accomplishments and credentials of the two, your post is nothing more than uneducated moronic tripe.

 

[Bullseye]

Most of the time the idiots are the ones making baseless comments about the qualifications of others, but before we make that inescapable conclusion why don't you tell us your qualifications to make such comments, because based on accomplishments and credentials of the two, your post is nothing more than uneducated moronic tripe.

Sure, right after you demonstrate you qualification to make a baseless comment about my qualifications.

 

[JasperL]

Krugman is an idiot of the first degree who still thinks WW II was an excellent example of Keynesian economic stimulus.

If you'd like to explain why he's wrong about that, the floor is yours. And he's got a Nobel Prize in economics, so there's that. He's not always correct - no one who makes predictions can be - but he's no idiot.

Steven Moore is an eminently qualified economist. He will make an excellent FRB Governor; the fact he was one of the architects of the booming economy we've enjoyed for the past 2+ years proves that.

He's a shameless hack and a liar. He's nothing but a TV personality who pushes the agenda of the GOP, whatever it is at that moment. As you can see in the clip I posted above, when a Democrat is in the WH, he's a fiscal hawk, and now that Trump is in the WH, a dove, so he's not driven by data or ideology other than what the GOP wants him to say. That's it. And let's face it - you have to be amazingly incompetent or dishonest to get blackballed from writing editorials for a newspaper. It's a rare feat but Moore did it! Congrats on that I guess.

 

[Bullseye]

If you'd like to explain why he's wrong about that, the floor is yours. And he's got a Nobel Prize in economics, so there's that. He's not always correct - no one who makes predictions can be - but he's no idiot.

IF I HAVE to explain it, you'd never understand. Nobel Prize is a joke.

He's a shameless hack and a liar. He's nothing but a TV personality who pushes the agenda of the GOP, whatever it is at that moment. As you can see in the clip I posted above, when a Democrat is in the WH, he's a fiscal hawk, and now that Trump is in the WH, a dove, so he's not driven by data or ideology other than what the GOP wants him to say. That's it. And let's face it - you have to be amazingly incompetent or dishonest to get blackballed from writing editorials for a newspaper. It's a rare feat but Moore did it! Congrats on that I guess.

LOL, you're totally clueless. Mindless blather.

 

[JasperL]

IF I HAVE to explain it, you'd never understand. Nobel Prize is a joke.

I have a degree in economics, and I'd bet a nickel have read dozens of times more economics papers than you have, so that's just a cowardly dodge. What's your expertise?

LOL, you're totally clueless. Mindless blather.

There's nothing you can point to in Moore's career that distinguishes him from a shameless, mindless, partisan hack who pushes the GOP agenda every single time he is on TV or writes an article. Anyone who can write passably well and talk on TV could do his job, with or without 10 minutes of economics training or education. What he says takes no expertise or knowledge or economic principles, which is why he can be a fiscal hawk in the teeth of the most severe recession since the Great Depression, a position that if taken would have tipped us over into deflation and depression, and a meek dove when at full employment. If you want to know his position, ask what position helps the GOP at that moment in time. You'll be correct 100% of the time. That's Moore in a nutshell. He's Sean Hannity with a fake "economist" label.

 

[prometeus]

Sure, right after you demonstrate you qualification to make a baseless comment about my qualifications.

I made no baseless comment about your qualifications, I asked about them, but since you couldn't even comprehend that simple qualifier you just proved that your comment was nothing more that partisan uneducated tripe.

 

[Bullseye]

I made no baseless comment about your qualifications, I asked about them, but since you couldn't even comprehend that simple qualifier you just proved that your comment was nothing more that partisan uneducated tripe.

Uh, calling them "partisan uneducated tripe" is a baseless comment, champ. Seeing as how Moore was instrumental in creating the boom economy and job market we're experiencing. Krugman? So consistently wrong he's used as a negative indicator.

 

[Bullseye]

I have a degree in economics, and I'd bet a nickel have read dozens of times more economics papers than you have, so that's just a cowardly dodge. What's your expertise?

My expertise causes me to laugh at you feeble attempt to try an appeal to authority logical fallacy. How many degrees and awards does Moore have? By the way AOC has a degree in economics, too. Not impressed with her either.

There's nothing you can point to in Moore's career that distinguishes him from a shameless, mindless, partisan hack who pushes the GOP agenda every single time he is on TV or writes an article. Anyone who can write passably well and talk on TV could do his job, with or without 10 minutes of economics training or education. What he says takes no expertise or knowledge or economic principles, which is why he can be a fiscal hawk in the teeth of the most severe recession since the Great Depression, a position that if taken would have tipped us over into deflation and depression, and a meek dove when at full employment. If you want to know his position, ask what position helps the GOP at that moment in time. You'll be correct 100% of the time. That's Moore in a nutshell. He's Sean Hannity with a fake "economist" label.

Funny that you do exactly the same thing for the dems that you are accusing him of doing for the GOP. Can you point to any serious papers or books you've written? How about high level government jobs

 

[prometeus]

Uh, calling them "partisan uneducated tripe" is a baseless comment, champ.

Not at all champ. Moore is a demonstrated partisan hack and a liar. That you think the world of him says a lot too. Krugman on the other hand has a doctorate and a Nobel Prize. Dismissing that is nothing but ignorant partisan tripe on your part. I am still waiting for your qualifications.

 

[GreatNews2night]

After Trump nominated Rick Perry, a dumb guy (in the real sense; obviously not intelligent) who graduated from a minor and ****ty college with a major in - brace for it - Animal Husbandry, LOL - to lead the most technologically sophisticated branch of the US government, the Department of Energy (which doesn't deal with the price of gasoline but rather with advanced nuclear research) when the previous leaders of the organization were literally Nobel Prize-winning (for real) physicists who were professors at Stanford and Princeton, anything is possible.

Only the best people, her said. Yeah, right.

 

[JustHanging]

Trump will nominate former campaign adviser Stephen Moore to Federal Reserve

Trump will nominate former campaign adviser to Federal Reserve Board - CNN



I'll be interested in the GOP response to this announcement. Stephen Moore is an unqualified hack and has no business in a serious role in any administration, much less the Federal Reserve Board.

All you really need to know about Stephen Moore is this story.

Why one editor won't run any more op-eds by the Heritage Foundation's top economist - Columbia Journalism Review

Krugman wrote an article calling Moore a hack. So Moore proceeded to write an editorial in the Kansas City Star, proving it beyond all doubt. First he manufactured some jobs data for various low versus high tax states - said for 'the past five years' in 2014, which would be 2009 or 2010 through 2014. When those numbers were proved wrong, Moore 'corrected' the claim by saying he really meant 2007-2012, which includes the collapse. But even those jobs claims were manufactured, complete lies. Moore claimed, for example, that Florida GAINED hundreds of thousands of jobs during that time period, but the state LOST 462,000 jobs.

So he lied, was caught, and "corrected" the lies with more lies. The lies were so blatant the Kansas City Star blackballed him from the newspaper. And Trump wants to put him on the Federal Reserve Board. Trump is trying to prove there is no bottom to the ditch he's trying to drag this country into. Hopefully the financial community forces the GOP's hands to reject this moron for FRB.

Sounds like this guy is definitely one of the base.

 

[Bullseye]

Not at all champ. Moore is a demonstrated partisan hack and a liar. That you think the world of him says a lot too. Krugman on the other hand has a doctorate and a Nobel Prize. Dismissing that is nothing but ignorant partisan tripe on your part. I am still waiting for your qualifications.

LOL, Yeah, it's definitely me playing the partisan flak card. :roll:

 

[JasperL]

My expertise causes me to laugh at you feeble attempt to try an appeal to authority logical fallacy. How many degrees and awards does Moore have? By the way AOC has a degree in economics, too. Not impressed with her either.

If you know why WWII wasn't an example of Keynesian stimulus, explain. Saying, "You wouldn't understand" is beyond pathetic, and an obvious dodge. I only mentioned my education to let you know that I probably can grasp your explanation. So just do it. Let's hear it.

Funny that you do exactly the same thing for the dems that you are accusing him of doing for the GOP. Can you point to any serious papers or books you've written? How about high level government jobs

I'm not up for a seat on the Fed - Moore is, and he's unqualified. He's Sean Hannity with an economics degree, and he's only been selected for the Federal Reserve Board because Trump saw him on TV. It's SAD!

 

[Bullseye]

If you know why WWII wasn't an example of Keynesian stimulus, explain. Saying, "You wouldn't understand" is beyond pathetic, and an obvious dodge. I only mentioned my education to let you know that I probably can grasp your explanation. So just do it. Let's hear it.



I'm not up for a seat on the Fed - Moore is, and he's unqualified. He's Sean Hannity with an economics degree, and he's only been selected for the Federal Reserve Board because Trump saw him on TV. It's SAD!

He's produced. Krugman just pisses around.

 

[JasperL]

He's produced. Krugman just pisses around.

He produces right wing propaganda. If that's a qualification for the Federal Reserve Board, reserve a seat for Sean Hannity on the Supreme Court while we're at it.

There's nothing wrong with being a paid shill for a political movement. It's a job, pays well, takes some skills. It's just not a qualification for something like the Federal Reserve Board. At the very least, we in the public ought to be able to view the people who change the economic world with their decisions as wedded to some notion of evidence and facts, and Stephen Moore has an entire career crapping on that notion. His amazing backflip from monetary hawk in the teeth of the great recession to monetary dove at near full employment running record deficits is all you need to know about the guy, which is he has no principles except what makes his paymasters happy.

 

[prometeus]

And in other news: "Trump's tax cuts will boost the US economy for two more years at most, says Nobel Prize winner"
Trump's tax cuts will boost the US economy for two more years at most, says Nobel Prize winner
These darn Nobel Prize winning guys can only burst the bubbles of uneducated hacks...

 

[Bullseye]

He produces right wing propaganda. If that's a qualification for the Federal Reserve Board, reserve a seat for Sean Hannity on the Supreme Court while we're at it.

"right wing propaganda" that has revived an anemic post recession recovery, created more job openings that we have unemployed to fill, added over a half-million manufacturing jobs (that we were told were gone forever), took over an economy that was struggling along at 1.6% and pushed it to nearly 3%. Yeah, REAL propaganda.

There's nothing wrong with being a paid shill for a political movement.

Of course not; Krugman's done it for years.

It's a job, pays well, takes some skills. It's just not a qualification for something like the Federal Reserve Board. At the very least, we in the public ought to be able to view the people who change the economic world with their decisions as wedded to some notion of evidence and facts, and Stephen Moore has an entire career crapping on that notion. His amazing backflip from monetary hawk in the teeth of the great recession to monetary dove at near full employment running record deficits is all you need to know about the guy, which is he has no principles except what makes his paymasters happy.

Are you so uneducated that you thing economic situations never change? That once you advocate for a policy no situation or occurrence will ever happen to alter your opinion. Dude, that's the definition of a moron. Why do you think the fed HAS governors? Why do they meet frequently? Situations change and what was the right policy six months ago may not be today. Earlier in the year the fed hinted at 2-3 more rate hikes; now they're saying no more this year; is that a "backflip" or a policy decision?