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Trump-loving economist caught red-handed ‘making up numbers’ by CNN guest

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Washington Post columnist Catherine Rampell busted Trump-loving economist Stephen Moore on Friday when he falsely claimed that we are seeing vast “deflation” in the United States economy thanks to interest rate hikes by the Federal Reserve.

During a CNN appearance, Moore tried to maintain that the economy was as strong as ever, but he also blamed the Fed for tanking the stock market by raising interest rates over the past several months.

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“Both of the rate hikes were unnecessary and were a cause for deflation in the economy,” he said.

“Wait, wait, wait!” interjected Rampell. “There is no deflation!”

“Yeah there is,” Moore replied.

“No there is not,” she shot back. “Look at the Consumer Price Index!”

Moore tried to counter by noting that some prices on the Commodities Price Index had dropped — but Rampell hit back by saying that much of that was due to President Donald Trump’s trade wars.

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“Soy bean prices are falling because of the trade war,” she said.

Rampell then nailed Moore for his false warnings during the Obama presidency that it was unwise for the Fed to keep interest rates low because it would lead to hyperinflation — despite the fact that the economy at the time was deeply depressed and much more in need of easy money.

“I’m old enough to remember when, ten years ago, during an actual deflation, you went on TV on a rival network and said we were about to have hyperinflation and told the Fed that it was irresponsible then to keep rates low,” she said. “It’s totally inconsistent and it’s totally irresponsible to make up numbers.”

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“I’m not making up numbers,” Moore replied defensively.

Watch the video below.

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CNN

‘What the hell does that mean?’ CNN’s Berman buries Tucker Carlson’s non-apology for employing racist lead writer

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Fox News host Tucker Carlson on Monday night acknowledged that his former lead writer, Blake Neff, had been let go after it was revealed that for years he had posted racist messages in a chat room under a pseudonym.

Oliver Darcy, the CNN reporter who broke the story about Neff, told hosts John Berman and Alisyn Camerota on Tuesday that it was notable that Carlson never said he was sorry for employing a straight-up racist to write for his show.

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2020 Election

Why is the stock market soaring amid a pandemic? Because Trump thinks that may save him

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Donald Trump isn't a smart man, but he knows how to manipulate the stock market. Not only is he allegedly engaging in market manipulation while president, but it's a Trump con that goes back decades.

Back in October 2018, the New York Times published a Pulitzer Prize-winning profile of Trump's extensive tax fraud schemes, and in the process of that reporting uncovered one of the ways Trump screwed with the financial markets. Journalists David Barstow, Susanne Craig and Russ Buettner reported that Trump would routinely engage in a scam known colloquially as "greenmailing." It involved Trump, along with his father, Fred, as his "wing man," exploiting the news media to pump up the price of a stock by planting rumors, devised by Trump himself, about a takeover. This would drive up the price of the stock, only for Trump to either sell or to demand "lucrative concessions from the target company to make him go away."

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CNN

‘Not even Nixon rewarded his henchmen this way’: CNN’s Avlon lists off all the criminals Trump sprung with pardons

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On CNN Tuesday, fact-checker John Avlon broke down the pattern of President Donald Trump rewarding criminals in his orbit with pardons and commutations.

"The Trump orbit has far more than the fair share of felons, many of them out of prison only after sucking up to the president," said Avlon. "Roger Stone is a felon and just the latest beneficiary of the presidential gift to loyalists. A commutation of his 40-month sentence. Even though one of the prosecutors testified they had pressured to go easy on Stone because of the relationship with president. He tampered with witnesses, he was the campaign's primary conduit to Wikileaks, and had hoped to be rewarded for not rolling over on Trump. Not even Nixon rewarded the henchman this way."

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