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.
“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.
“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.”
“I’m not making up numbers,” Moore replied defensively.
Watch the video below.
Former Donald Trump staffer says conservative media ‘brainwashed’ her into hating Democrats
On CNN Wednesday, Jessica Denson, the former coordinator of the Trump 2016 campaign's Hispanic outreach who starred in a recent ad for Joe Biden, opened up about how she was taken in by the Trump campaign — and why he must be defeated.
"My motive to go and help that campaign and be of service to the American people was sabotaged, and I've seen my experience repeated in the experience of one public servant after another over the past four years," said Denson, who spearheaded a lawsuit to free former Trump campaign officials from nondisclosure agreements. "I have seen that this campaign continues to go out brandishing a Bible and an American flag and claiming that they have anything to do with freedom, but I've lived first-hand that they have nothing to do with freedom. They have worked very much against free speech and democracy."
‘You’re free to go’: CNN’s Lemon tells Trump after president spends weeks complaining about going to rallies
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CNN's Don Lemon played clips of the rally airing of grievances.
"I probably bottom be standing out here in the freezing rain with you," Trump complained while in Lansing, Michigan. "I would be home in the White House doing whatever the hell I was doing. I wouldn't be out here."
"We win Wisconsin, we win the whole ball game," Trump told a crowd in Janesville, Wisconsin last week. "What the hell do you think I'm doing here on a freezing night with 45-degree wind? What do you think? Do you think I'm doing this for my health? I'm not doing this for my health."
‘I have no fear’: Miles Taylor slams Trump’s ‘intimidation’ after president demanded he be prosecuted
On CNN Thursday, former Homeland Security staffer Miles Taylor — newly revealed as the author of the anonymous New York Times op-ed describing a "resistance" movement within the Trump administration — responded to the president's new attacks on him.
"The president says you should be prosecuted," said anchor Chris Cuomo. "Did you anticipate this? Are you concerned about this?"
"Chris, I have no fear of that," said Taylor. "But what I'll say that's more alarming is this president has created a culture of intimidation where people that speak out against him, he threatens to use the power of his office to intimidate them. He tweeted out 'treason.' To the president of the United States, criticism of him is treacherous and subversive ... what's worse, when the whistleblower came out against him, the president made comments like, well, you know, back in the day we used to hang people for things like this. It is chilling to me, and one of the reasons I'm speaking out, that we have a commander in chief that silences dissent not just with bullying but with physical threats, with legal threats to abuse his power. We saw it with Governor Whitmer, the president downplaying the threats to her life."