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‘Idiot’ pseudo-expert Stephen Moore should not be allowed anywhere near the Fed: NY Mag columnist

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In an extremely blunt and unrelenting column for New York Magazine, columnist Jon Chait made a compelling case that Stephen Moore — tapped by President Donald Trump to join the Federal Reserve — should not be allowed to be seated there or anywhere else where he can influence economic policy.

Referring to Moore in the headline as an “idiot,” Chait cut right to the chase, writing, “Stephen Moore’s career as an economic analyst has been a decades-long continuous procession of error and hackery. It is not despite but precisely because of these errors that Moore now finds himself in the astonishing position of having been offered a position on the Federal Reserve board by President Trump.”

According to Chait, Moore is not a trained economist, but is instead merely a financial analyst whose stock in trade is “pseudo-expertise.”

‘He is a dedicated advocate of supply-side economics, relentlessly promoting his fanatical hatred of redistribution and belief that lower taxes for the rich can and will unleash wondrous prosperity,” Chait wrote. “Like nearly all supply-siders, he has clung to this dogma in the face of repeated, spectacular failures.”

Pointing out that he has been covering Moore’s economic pronouncements since 1997, the columnist said the Trump appointee is not often wrong — in retrospect — but his recommendations would have been disastrous.

“In the years since, I have continued following his career, and he has shown no intellectual growth at all. He is capable of writing entire columns that contain no true facts at all,” Chait charged. “He made so many factual errors he achieved the rare feat of being banned from the pages of a Midwestern newspaper.”

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“And yet, for all their extravagant ignorance, Moore’s beliefs on fiscal policy are actually more sophisticated and well-developed than his views on monetary policy. It is the latter that he would be in a position to influence as a Federal Reserve governor,” he continued.

“While the internal workings of his mind remain a matter of speculation, I doubt he is consciously venal enough to tailor his thinking explicitly to partisan goals. Rather, Moore has extremely strong partisan instincts and extremely limited analytical skills. The combination results inevitably in the latter giving way to the former,” Chait wrote before concluding. “He should not be permitted any position of serious responsibility, in government or anything else.”

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Progressive reformer claims victory in fiercely-contested Queens DA race

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Progressive reformer Tiffany Cabán has declared victory in her campaign versus Melinda Katz in the Queens District Attorney race.

With 99% of precincts reporting, Cabán held a lead of 1,090 votes, The New York Times reports.

Cabán was backed by Rep. Alexandria Ocasio-Cortez (D-NY) and Sen. Bernie Sanders (I-VT).

Katz was backed by Rep. Gregory Meeks (D-NY), who chairs the Queens Democratic Party, and Rep. Hakeem Jeffries (D-NY)

https://twitter.com/CabanForQueens/status/1143721257353076737

https://twitter.com/CabanForQueens/status/1143721448168710151

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2020 Election

New 2020 poll shows Trump trailing all Democrats — some by double-digits

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President Donald Trump trails all of his Democratic rivals in hypothetical matchups of the 2020 presidential race, according to the result of a new poll released Tuesday.

This article originally appeared on Salon.

The survey, conducted by Emerson Polling, found that the president lags behind former vice president Joe Biden and Sen. Bernie Sanders, I-Vt., by 10 points nationally — 45 percent to 55 percent. He also trails Sen. Elizabeth Warren by six points — 47 percent to 53 percent —and Sen. Kamala Harris, D-Calif., and South Bend, Ind. Mayor Pete Buttigieg by four points — 48 percent to 52 percent.

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Beto O’Rourke’s ‘war tax’ policy proposal is straight out of ‘Starship Troopers’

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Amid an overcrowded Democratic presidential candidate field, it's hard to distinguish yourself from the pack if you don't slot easily into the scale that runs from "pro-corporate centrist" to "left-populist." If you're former Texas congressman Beto O'Rourke —  who falls somewhere in the middle, politically, and somewhere towards the top, looks-wise — you pull a militaristic policy proposal out of your hat that recalls some of the most campy pseudo-fascist sci-fi ever written.

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 ENOUGH IS ENOUGH 

Trump endorses killing journalists, like Washington Post columnist Jamal Khashoggi. Online ad networks are now targeting sites that cover acts of violence against dissidents, LGBTQ people and people of color.

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