Opinion: The Stephen Moore farce reveals the depths of GOP cynicism
Stephen Moore. By Paul Waldman Paul Waldman Opinion writer covering politics Email Bio Follow Opinion writer May 1 at 2:55 PM Last week, Herman Cain withdrew from consideration for a seat on the Federal Reserve board, disappointing President Trump, who had suggested the comically ignorant former presidential candidate as a potential steward of the nation’s monetary policy.
Ernst said she didn’t think Moore would be confirmed, adding that “several” senators agree with her on Moore’s unsuitability for one of the nation’s top positions steering the economy. A simple majority is needed to confirm Moore to the Fed board, but with Democrats controlling 47 Senate seats, he can lose precious few Republicans.
But what’s truly striking about the whole Moore affair is this: that Moore is desperately, blatantly, appallingly unqualified to be allowed within a hundred miles of the body making monetary policy was perfectly fine with Republicans. It’s only these arguably irrelevant statements that have a few GOP senators saying they might vote against him.
There may be no one who has been more shameless in swinging back and forth on their opinions of Fed policy than Stephen Moore, who has been a pundit advocating trickle-down economics for many years. In a recent example of his ideas being put into action, he advised Sam Brownback, then the governor of Kansas, to institute a radical tax-cutting program that Moore promised would supercharge the state’s economy.
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