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John Oliver cracks up over dangerous stupidity of Trump’s appointees to the Federal Reserve

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John Oliver Herman Cain

HBO host John Oliver explained that the last people who should have anything to do with the Federal Reserve are President Donald Trump’s latest nominees.

The president announced in the last few weeks that Stephen Moore and Herman Cain would be his latest appointees to the Federal Reserve and the “Last Week Tonight” host had a litany of reasons are far too dumb to have anything to do with the economic stability of the United States.

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Oliver began by citing a CNBC analyst who said that it’s one thing to appoint his friends, donors or cronies to posts in his cabinet but selecting them to the Fed was too far.

“Now that is a pretty bold statement,” Oliver said. “She’s basically saying, go ahead and put Mr. Oops (Rick Perry) in charge of the Department of Energy, or a mint-condition CPR dummy (Jared Kushner) in charge of opioids and Middle East peace. By all means, hand the Commerce Department over to a man that looks like Jackson Pollock if he lived or Moby if he died. But the Fed, ya don’t f*ck around with the Fed.”

He noted that the balance of economic power in the United States is primarily due to the security and stability of the Fed. It’s seen as a non-partisan, non-political, prudent economic body. But with Cain and Moore, that could all disappear.

According to Oliver, Cain has argued to return to the gold standard, which is virtually unheard of among respected economists. Moore is a tireless advocate of the policy he designed that “blew a hole in Kansas’ budget.” Worse, Moore once asked if the country really even needed the Federal Reserve.

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But worse, the two men are merely an embarrassment to not only the Republican Party but the entire history of politics in the United States.

In an extensive interview with Cain for “The Daily Show with Jon Stewart,” Oliver recalled that after Cain dropped out of the race, he was willing to do literally anything asked to do on television. The host showed a clip of the exchange in which Cain looked into the camera and said whatever Oliver asked him to say.

“If any part of you is thinking, ‘How did I get him to do that stuff,’ I just asked him!” Oliver exclaimed. “Once! He took orders from some birdy-twit with a pixie cut!”

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Watch the hilarity below:

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Enjoy this piece?

… then let us make a small request. Like you, we here at Raw Story believe in the power of progressive journalism — and we’re investing in investigative reporting as other publications give it the ax. Raw Story readers power David Cay Johnston’s DCReport, which we've expanded to keep watch in Washington. We’ve exposed billionaire tax evasion and uncovered White House efforts to poison our water. We’ve revealed financial scams that prey on veterans, and efforts to harm workers exploited by abusive bosses. We’ve launched a weekly podcast, “We’ve Got Issues,” focused on issues, not tweets. Unlike other news sites, we’ve decided to make our original content free. But we need your support to do what we do.

Raw Story is independent. You won’t find mainstream media bias here. We’re not part of a conglomerate, or a project of venture capital bros. From unflinching coverage of racism, to revealing efforts to erode our rights, Raw Story will continue to expose hypocrisy and harm. Unhinged from corporate overlords, we fight to ensure no one is forgotten.

We need your support to keep producing quality journalism and deepen our investigative reporting. Every reader contribution, whatever the amount, makes a tremendous difference. Invest with us in the future. Make a one-time contribution to Raw Story Investigates, or click here to become a subscriber. Thank you.



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2020 Election

He’s trying ‘to get under Trump’s skin’: Reporter Olivia Nuzzi outlines Joe Walsh’s impact on 2020

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Republican strategist Shermichael Singleton explained during an MSNBC panel discussion that former Rep. Joe Walsh isn't likely to peel away many voters from Trump as someone who is "Trump-light." New York Magazine reporter Olivia Nuzzi, however, thinks Walsh with have a more significant impact, whether or not he can win the primary race.

During a CNN panel discussion, Nuzzi similarly noted that Walsh's primary purpose could be to troll the president.

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Boris Johnson ‘tremendously humiliated’ Donald Trump on a global scale at G-7 meeting: CNN analyst

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United Kingdom Prime Minister Boris Johnson was one of President Donald Trump's favorite people to take over for Theresa May when she resigned this summer. But Johnson also mocked the U.S. president and humiliated him on a global scale, said New York Magazine reporter Olivia Nuzzi.

During a panel discussion on CNN Sunday, CNN's Ryan Lizza opened by saying that Johnson is in a tight spot as he's trying to negotiate Brexit while serving as an international leader to the G-7. Johnson also needs to negotiate a trade deal with Trump, but he clearly is going about it in the worst possible way.

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Trump allies acquiring ‘dirt’ on journalists to take them down during the 2020 election

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President Donald Trump's war against the media has taken a next step. According to The New York Times, Trump's allies have been compiling information on reporters at CNN, The Washington Post and The New York Times to strike back because the president believes they "aggressively investigated" him.

The information was revealed Sunday using information disclosed by associates of conservative Arthur Schwartz, who is spearheading the project. Schwartz is an adviser to Donald Trump Jr. and previously worked with Steve Bannon.

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