On Wednesday, former Trump economic adviser Stephen Moore tried to explain away the slowing U.S. economy by claiming that no one ever expected gigantic growth to keep on going from where it had been:
"Former Trump campaign advisor Stephen Moore: ‘We knew we weren’t going to get 5% growth’" https://t.co/LKxL0sNnsD… https://t.co/YBAfs4qGyu— Mehdi Hasan (@Mehdi Hasan)1570643801.0
The only problem with that, noted Washington Post reporter Catherine Rampell, is that in an interview last year, that's exactly what Moore predicted would happen:
Moore now says that he "knew we weren't going to get 5% growth." which is weird because here's what he said last ye… https://t.co/sFtqnYCmVq— Catherine Rampell (@Catherine Rampell)1570662219.0
Moore, a demagogic economist who together with Art Laffer mapped out the modern GOP orthodoxy on tax cuts for the wealthy, was previously Trump's pick for the Federal Reserve Board of Governors, but withdrew from consideration after his lack of qualifications and personal scandals raised alarm among senators in Trump's own party.