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Financial world stunned as Trump offers Fed job to an ‘idiot’ who called for him to be awarded the Nobel Prize

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‘Good Lord Terrible Idea’ Says a Dartmouth Economics Professor

President Donald Trump has awarded Stephen Moore with the offer of a seat on the Federal Reserve’s Board of Governors. Moore, best known as a cable news “economic analyst” last year called for Trump to be awarded the Nobel prize for economics. He served as a top Trump campaign economic advisor.

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Moore once was the chief economist for The Heritage Foundation, a far right wing think tank that is closely intertwined with the Trump administration. For unknown reasons that title was changed. He is now a “distinguished visiting fellow.”

The Wall Street Journal Friday morning reported that “Mr. Trump spoke to Mr. Moore to compliment the economic commentator on an opinion article he co-authored last week calling the Fed Chairman Jerome Powell’s policy moves a threat to the U.S. economy. The article was published in The Wall Street Journal, where Mr. Moore previously worked as an editorial-page writer.”

Also unclear are Moore’s qualifications.

He was the Founding President of the union-busting Club for Growth, which reportedly has received funding from the Koch Brothers. And he is listed as “the senior economic contributor for FreedomWorks,” which, in its original form was a Koch Brothers project.

“Under its original name, Citizens for a Sound Economy, FreedomWorks received $12 million of its own from Koch family foundations,” The New York Times reported in 2010.

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But at least one actual economist has accused Moore (along with all of Trump’s economic advisors) of not being an actual economist.

Public reception of Moore is not always the best.

Dartmouth economics professor Danny (David) Branchflower weighed in on the news:

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University of Oregon Economic Professor Mark Thoma in 2007 wrote an article titled, “Is Stephen Moore ‘That Stupid’?

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The Daily Banter in 2016 published a piece titled, “Donald Trump’s Senior Economic Adviser is a F*cking Idiot.”

A not insignificant number of people on Twitter apparently have called him a “crackpot.” Among them, the editor-in-chief of the Danish financial news website EuroInvestor:

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This article has been updated to explain to readers the Koch Brothers’ relationship to FreedomWorks.


Report typos and corrections to: [email protected].
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Former acting CIA director explains why Trump’s inaction on Russian bounty scandal will make things worse

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It was revealed nearly two weeks ago that the Russian government is paying a bounty to the Taliban for killing American soldiers.

Since then, President Donald Trump has denied that he and his administration didn't know anything about it. Then he claimed it was a hoax. Now it has become clear that the stories are not only true but that if Trump read his presidential daily briefing in 2019, he would have been aware of the problem.

Speaking to the House Thursday, Trump's former acting CIA director Michael Morell explained that things are being made far worse by the president's denial.

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Here are 7 hilarious videos about wearing COVID-19 masks to send people who won’t wear them

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While late-night shows are off for a Summer break, Americans are glued to TikTok and Twitter for their humor and every folks have delivered.

The latest trend is to mock fools who refuse to wear masks. While many people who refuse to wear a mask tuck their tails and sulk as they walk away, some take it to a whole new level of fury. Those precious souls are being mocked and shamed all around the world.

Here are seven videos that are hilarious or adorable that encourage wearing masks during the COVID-19 pandemic:

Wearing a mask is like wearing a lifejacket.https://twitter.com/mattbooshell/status/1280933495674732544

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Trump tells Fox News the ‘Black Lives Matter’ sign on Fifth Avenue is like he’s being ‘prosecuted’

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President Donald Trump appeared to reveal another quid pro quo during an interview with Fox News host Sean Hannity.

MSNBC's Lawrence O'Donnell pointed it out during an interview with Sen. Kamala Harris (D-CA).

"I was very nice to Mayor de Blasio. I got him ventilators when he needed them... I got him the gowns. I got him the masks. I got him everything. Then he throws a big Black Lives Matter sign right down in the middle of Fifth Avenue. I was so good to him and to Gov. Cuomo, like nobody's ever been good. And then all you end up doing out of that place is getting prosecuted."

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