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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.

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:


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

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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‘It’s a disaster — and it’s getting worse’: House GOP members in a frenzy over 2020 prospects as fundraising flounders

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According to a report in Politico, GOP House members are angry with their own National Republican Congressional Committee, claiming it is doing a poor job of fundraising and is making horrible decisions that could impact the party in the run-up to the 2020 election.

The reports states that Chairman Rep. Tom Emmer (R-MN) was forced to attempt to calm the waters at private caucus meeting Wednesday and allay members' fears by saying the internal problems were being inflated by Democrats and the press.

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Ex-prosecutor slams Congress for not jailing subpoena violators in the Trump administration: ‘It’s incomprehensible’

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House Democrats have been blocked at every turn from their lawful oversight functions as President Donald Trump's administration directs its members to ignore subpoenas for information on a variety of topics, from the Russia investigation to the census.

On Thursday, former federal prosecutor Glenn Kirschner castigated Democrats for their unwillingness to use their biggest weapon in the subpoena fight: inherent contempt.

It’s incomprehensible that Congress appears unwilling to use its lawful inherent contempt powers to force the issue of administration members ignoring properly issued subpoenas. Like a football team refusing to pass the ball, forever running up the middle, gaining zero yards. https://t.co/AaWvEsJvk2

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Trump’s campaign is a perpetual outrage machine designed to inflame ‘every f-cking deplorable’ in America

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President Donald Trump's re-election campaign is gambling on an unprecedented strategy by focusing entirely on his base, while making little or no effort to attract new supporters.

The president still hasn't cracked 50 percent approval in two and a half years in the White House, and his 2020 campaign was built around a perpetual outrage machine designed to inflame his core supporters -- and drive them to the polls, reported TIME.

The campaign uses Google and Facebook algorithms to make massive digital advertising purchases any time Trump stirs up controversy, and scoops up data when supporters interact with those ads or buy online merchandise from the Trump campaign website.

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