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.
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.
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!”
Watch the hilarity below:
Carl Bernstein: There are 7-9 ‘wobbly’ Republicans who want witnesses but Mitch McConnell is trying to block them
In a CNN panel discussion Wednesday, notorious Watergate reporter Carl Bernstein revealed that there are seven to nine Republican senators who are wavering after the compelling argument that the House has provided for the impeachment. The problem, however, is that Senate Majority Leader Mitch McConnell (R-KY) is refusing to allow any break from the party line.
"I think this is a hugely damaging narrative that was laid out today, and that Mitch McConnell understands, and has understood for a while that this hugely damaging narrative was going to affect his members," said Bernstein. "And that his strategy -- I've talked to some Republicans about this -- #MidnightMitch is to wear out his own members so that they don't vote for more witnesses because there are six, seven, eight, nine wobbly Republicans."
Republican Kevin McCarthy gets taken down by former top GOP colleague
Rep. Kevin McCarthy (R-CA) was attacked by a former Republican colleague who alleged McCarthy and his fellow members of Congress have allowed the House GOP to become the official shill for the White House.
In a profile for the New York Times, former Oversight Committee Chairman Tom Davis (R-VA) shamed the GOP House for the way that a once-respectable institution has fallen.
“Congress no longer operates as an independent branch of government, but as an appendage of the executive branch,” said Davis. “He is made for that role.”
Former senator reveals to Maddow how one brave Democrat can reveal key document in impeachment trial
Near the end of Wednesday's impeachment trial, Chief Justice John Roberts announced that an agreement had been made to allow senators to read supplemental testimony from Vice President Mike Pence aide Jennifer Williams.
The document will remain classified, despite claims that there is no classified material in the document, only evidence that is damning to the president.
"In terms of this document potentially being improperly classified, which is something that has been raised in writing by Rep. Adam Schiff (D-CA) and raised on the floor of the Senate tonight by Rep. Zoe Lofgren (D-CA)," MSNBC anchor Rachel Maddow noted. "Obviously, it was the vice president's office that said it was classified, they are getting publicly criticized for that. If it has been improperly classified and it should be something that the public can see, who adjudicates that?"