Thread by @Monaheart1229

This really worries me. The economy is beginning to soften now, & we're headed for a traditional GOP recession on steroids, because-Trump. Seems he must owe this guy Stephen Moore a favor, OR he's setting him up to take the hit when the economy tanks before the election..

https://twitter.com/JustinWolfers/status/1109139052874354688

2- Just one example of Stephen Moore's bad work, presenting himself as an expert when he has poor knowledge..
archives.cjr.org/united_states_…

3-And this from NY Magazine's Jonathan Chait
"Trump Nominates Famous Idiot Stephen Moore to Federal Reserve Board"
nymag.com/intelligencer/…

4-"Stephen Moore’s career as an economic analyst has been a decades-long continuous procession of error and hackery. It is not despite but precisely because of these errors that Moore now finds himself in the astonishing position of having been offered a position on the Federal

5-"Reserve board by President Trump.Moore’s primary area of pseudo-expertise — he is not an economist — is fiscal policy. He is a dedicated advocate of supply-side economics, relentlessly promoting his fanatical hatred of redistribution and belief that lower taxes for the rich

6-"can and will unleash wondrous prosperity. Like nearly all supply-siders, he has clung to this dogma in the face of repeated, spectacular failures."

7-And then today the Dow plummeted 460 points, and part of the reason is because Trump's nomination of Stephen Moore isn't exactly inspiring any confidence in the growth of the American economy..
markets.businessinsider.com/news/stocks/st…

A-"I have continued following his career, and he has shown no intellectual growth at all. He is capable of writing entire columns that contain no true facts at all. He made so many factual errors he achieved the rare feat of being banned from the pages of a Midwestern newspaper.

B-" He has sold his policy elixir to state governments which have promptly experienced massive fiscal crises as a direct result of listening to him...He was pulled into Trump’s orbit during the 2016 campaign and co-wrote a ludicrous hagiography of Trump and his agenda. By all

C-"appearances, Moore opposes mainstream fiscal theories because he simply doesn’t understand them..Had Moore’s advice [to buy gold during the econ revocery in 2010-mostly touted to Glenn Beck's conservative audience] been followed,

D-"it would have led to a quick end to the recovery and a deep recession" ~J. Chait