Opinion: Why Stephen Moore's Fed bid failed
Thursday morning, despite an increasing chorus of skeptics among Senate Republicans, Stephen Moore insisted that he was still on the verge of being formally nominated to the Federal Reserves Board of Governors.
Im all in, he told Bloomberg reporters.
The White House, however, was not. Within a couple of hours, President Donald Trump had pulled the plug. Steve Moore, a great pro-growth economist and a truly fine person, has decided to withdraw from the Fed process, he tweeted. Ive asked Steve to work with me toward future economic growth in our Country.
Moore follows Herman Cain, whom Trump said he would nominate to the Fed but who withdrew after extensive criticism, especially over past accusations of sexual harassment. In Moores case, the crucial flaws were a long record of economic illiteracy and offensive remarks, especially about women.
Moores abortive nomination was at once inexplicable and utterly predictable. How did a candidate with few qualifications and a damaging paper trail get nominated for an important position in the Trump administration? Presumably the same way all the other previous candidates with few qualifications or a damaging paper trail did: They were on TV a lot, they had nice things to say about the president, and that was good enough for him. More than two years into his presidency, and despite a long record of failed or aborted nominations, Trump remains remarkably uninterested in vetting the people he wants to put in top posts.
https://www.msn.com/en-us/money/markets/opinion-why-stephen-moores-fed-bid-failed/ar-AAANA9Z?li=BBnbfcN
So basically speaking Moore's an unqualified idiot who was only nominated be cause he kissed Trump's massive behind.
empedocles
(15,751 posts)MyOwnPeace
(16,888 posts)anyone on 5th Avenue yet, but he's winning the game of "I'm gonna' nominate the least qualified/most offensive person I can find and they're gonna' grant me my wish!"
ONLY THE BEST!!!!!
The Genealogist
(4,723 posts)Surely you jest!
The founders of this nation must be turning in their graves.
czarjak
(11,194 posts)SunSeeker
(51,378 posts)It wasn't the crazy misogyny, although that was used as the reason.
It was his utter economic incompetence, like Herman Cain. The GOP donor class feared he would endanger their money with his hair brained ideas. And that will just not be allowed.
That is why Republicans like Lindsey did a 180 on Trump, once they realized he had the base's support AND would protect the donor class's money, contrary to his campaign promises. Once Trump agreed to give the rich massive tax cuts, everyone in the GOP was on board with Trump. However, that doesn't mean they will let him do anything he wants. He still has to do what the GOP donor class wants.