Trump Just Picked A Laughingstock For Huge Federal Reserve Job

[Lesh]

BU is a high quality university. No doubt. George Mason likewise.

That doesn’t mean that both don’t graduate their share of educated idiots and ideologues

This asshole is clearly one of those so of COURSE Trump picked him

 

[AzogtheDefiler]

Stephen Moore is a joke in the economics profession.

For years, the economic commentariat has enjoyed a running joke: Stephen Moore.

Moore, you see, has made a career of advancing various right-wing political priorities by dressing up as an economist and saying things about money and numbers in print and on TV. Unfortunately, almost nothing he says is true.

Moore is so bad that an editor at the Kansas City Star once refused to run literally anything he ever wrote, because a piece Moore had previously published in the paper was so littered with basic factual errors. He’s a living embodiment of the worst elements of the economics profession ― a man who doesn’t care about the truth, abuses statistics, makes outlandish predictions, smears his opponents and never pays any professional price.

Moore is constantly, laughably wrong. In 1993, he said President Bill Clinton’s slight income tax increase for the wealthiest Americans would “torpedo” the economy. In 2009, he warned that federal budget deficits and the Federal Reserve’s low interest rates were a recipe for hyperinflation, and then doubled down on that prediction. In 2010, he said surging prices would send the price of gold to $2,000 an ounce, as investors fled the worthless dollar for precious metals. None of these things ever happened. He spent much of 2018 applauding President Donald Trump’s supposed efforts to “shoot for” zero tariffs, while Trump actually imposed hundreds of billions of dollars in tariffs.

Moore, unscathed, has bounced from the Cato Institute to the Club for Growth to the Heritage Foundation, happily absorbing the excess capital of conservative think-tank donors in the market for a white guy with the courage to advocate tax cuts. On Friday, in what would be the economist’s greatest, most frightening achievement, Trump announced that he will nominate Moore to the Federal Reserve’s Board of Governors.

More: Donald Trump Just Picked A Laughingstock For A Huge Federal Reserve Job

This is sadly comical. Trump said he hires only the best people. I've watched Moore struggle to make sense for years. What do you think?

If the Huffington Post says it then it must be true. You sad little sheep.

 

[AzogtheDefiler]

Lakhota, you have no credibility on this forum because you're a mouthpiece for the Democratic Party, so I must assume Stephen Moore is an awesome dude.

You conservatives have no credibility on anything pertaining to economics.

You have no credibility regarding anything. You’re a loser.

 

[Ambivalent1]

Stephen Moore is a joke in the economics profession.

For years, the economic commentariat has enjoyed a running joke: Stephen Moore.

Moore, you see, has made a career of advancing various right-wing political priorities by dressing up as an economist and saying things about money and numbers in print and on TV. Unfortunately, almost nothing he says is true.

Moore is so bad that an editor at the Kansas City Star once refused to run literally anything he ever wrote, because a piece Moore had previously published in the paper was so littered with basic factual errors. He’s a living embodiment of the worst elements of the economics profession ― a man who doesn’t care about the truth, abuses statistics, makes outlandish predictions, smears his opponents and never pays any professional price.

Moore is constantly, laughably wrong. In 1993, he said President Bill Clinton’s slight income tax increase for the wealthiest Americans would “torpedo” the economy. In 2009, he warned that federal budget deficits and the Federal Reserve’s low interest rates were a recipe for hyperinflation, and then doubled down on that prediction. In 2010, he said surging prices would send the price of gold to $2,000 an ounce, as investors fled the worthless dollar for precious metals. None of these things ever happened. He spent much of 2018 applauding President Donald Trump’s supposed efforts to “shoot for” zero tariffs, while Trump actually imposed hundreds of billions of dollars in tariffs.

Moore, unscathed, has bounced from the Cato Institute to the Club for Growth to the Heritage Foundation, happily absorbing the excess capital of conservative think-tank donors in the market for a white guy with the courage to advocate tax cuts. On Friday, in what would be the economist’s greatest, most frightening achievement, Trump announced that he will nominate Moore to the Federal Reserve’s Board of Governors.

More: Donald Trump Just Picked A Laughingstock For A Huge Federal Reserve Job

This is sadly comical. Trump said he hires only the best people. I've watched Moore struggle to make sense for years. What do you think?

I will say this, you are an EXCELLENT reverse barometer.

 

[AzogtheDefiler]

BU is a high quality university. No doubt. George Mason likewise.

That doesn’t mean that both don’t graduate their share of educated idiots and ideologues

This asshole is clearly one of those so of COURSE Trump picked him

BU is OK. My wife went there. Overpriced IMO.

 

[Ambivalent1]

Lakhota, you have no credibility on this forum because you're a mouthpiece for the Democratic Party, so I must assume Stephen Moore is an awesome dude.

You conservatives have no credibility on anything pertaining to economics.

Because we won't give you reparations?

 

[The VOR]

instead I'll trust that the Senate will conduct due diligence during the confirmation process.

As they always do.

BBBBBBBBBWWWWWWWAAAAAAAAAAAHHHHHHHHH

 

[Oldstyle]

BU is a high quality university. No doubt. George Mason likewise.

That doesn’t mean that both don’t graduate their share of educated idiots and ideologues

This asshole is clearly one of those so of COURSE Trump picked him

Would Ocasio-Cortez also fit that description, Lesh? Or does she get a pass for being clueless because she says things that appeal to you?

 

[buckeye45_73]

Stephen Moore is awesome, maybe listen to him

Yea...he did great in Kansas huh?

Nearly destroyed the state economy

What? Hes not from Kansas....

 

[buckeye45_73]

BU is a high quality university. No doubt. George Mason likewise.

That doesn’t mean that both don’t graduate their share of educated idiots and ideologues

This asshole is clearly one of those so of COURSE Trump picked him

No AOC is the moron from BU, Jesus my 5 year old niece is smarter

 

[Harpy Eagle]

Stephen Moore is awesome, maybe listen to him

Yea...he did great in Kansas huh?

Nearly destroyed the state economy

What? Hes not from Kansas....

No, but he was a leading architect of their "tax cut" which crashed the state.

 

[Harpy Eagle]

BU is a high quality university. No doubt. George Mason likewise.

That doesn’t mean that both don’t graduate their share of educated idiots and ideologues

This asshole is clearly one of those so of COURSE Trump picked him

No AOC is the moron from BU, Jesus my 5 year old niece is smarter

you calling someone a moron is sort of funny in that ironic sense.

sadly people lacking intelligence do not ever get irony.

 

[buckeye45_73]

Stephen Moore is awesome, maybe listen to him

Yea...he did great in Kansas huh?

Nearly destroyed the state economy

What? Hes not from Kansas....

No, but he was a leading architect of their "tax cut" which crashed the state.

His policies have done well for the national Gov. I'm ok with bbn less taxes and less money going illegals

 

[buckeye45_73]

BU is a high quality university. No doubt. George Mason likewise.

That doesn’t mean that both don’t graduate their share of educated idiots and ideologues

This asshole is clearly one of those so of COURSE Trump picked him

No AOC is the moron from BU, Jesus my 5 year old niece is smarter

you calling someone a moron is sort of funny in that ironic sense.

sadly people lacking intelligence do not ever get irony.

I do get it, calling me an idiot is funny from a fake republican

 

[Avatar4321]

Lakhota, you have no credibility on this forum because you're a mouthpiece for the Democratic Party, so I must assume Stephen Moore is an awesome dude.

You conservatives have no credibility on anything pertaining to economics.

Only because we understand economics and human nature and continually poke holes in socialist nonsense

 

[Harpy Eagle]

BU is a high quality university. No doubt. George Mason likewise.

That doesn’t mean that both don’t graduate their share of educated idiots and ideologues

This asshole is clearly one of those so of COURSE Trump picked him

No AOC is the moron from BU, Jesus my 5 year old niece is smarter

you calling someone a moron is sort of funny in that ironic sense.

sadly people lacking intelligence do not ever get irony.

I do get it, calling me an idiot is funny from a fake republican

how dare you call me a republican!

What the fuck is wrong with you!

 

[Harpy Eagle]

Stephen Moore is awesome, maybe listen to him

Yea...he did great in Kansas huh?

Nearly destroyed the state economy

What? Hes not from Kansas....

No, but he was a leading architect of their "tax cut" which crashed the state.

His policies have done well for the national Gov. I'm ok with bbn less taxes and less money going illegals

They have?

 

[Avatar4321]

If he is a bad as you guys claimed you’d be happy

 

[whitehall]

You almost gotta laugh when quasi socialist lefties refer to an economics professor appointed by a republican president as "a joke" when they thought the gay democrat House Banking Committee chairperson was the smartest guy in the world when Fannie Mae collapsed under his watch.

 

[Lesh]

Only because we understand economics

BWAHAHAHAHA

Trickle Down economics?

Voodoo economics?

Deficits don't matter

Deficits matter more than anything

Tax cuts pay for themselves

KANSAS

Jesus the number of things you idiots get wrong about economics would be laughable if it wasn't so tragic for the nation