Showing posts with label Moore-Stephen. Show all posts
Showing posts with label Moore-Stephen. Show all posts

Thursday, May 14, 2020

MAGA

In hindsight, Trump’s claim to global leadership leaps out. History will mark Covid-19 as the first time that ceased to be true. US airlifts have been missing in action. America cannot even supply itself.

South Korea, which has a population density nearly 15 times greater and is next door to China, has lost a total of 259 lives to the disease. There have been days when America has lost 10 times that number. The US death toll is now approaching 90,000.

I interviewed dozens of people, including outsiders who Trump consults regularly, former senior advisers, World Health Organization officials, leading scientists and diplomats, and figures inside the White House. Some spoke off the record.

Again and again, the story that emerged is of a president who ignored increasingly urgent intelligence warnings from January, dismisses anyone who claims to know more than him and trusts no one outside a tiny coterie, led by his daughter Ivanka and her husband, Jared Kushner – the property developer who Trump has empowered to sideline the best-funded disaster response bureaucracy in the world.

[...]

“America is first in the world in deaths, first in the world in infections and we stand out as an emblem of global incompetence. The damage to America’s influence and reputation will be very hard to undo,” [says William Burns, who was the most senior US diplomat, and is now head of the Carnegie Endowment.]

[...]

[Aslate as March 6, Trump's visit to the CDC in Georgia, a]ny signal that the US was bracing for a pandemic – including taking actual steps to prepare for it – was discouraged.

“Jared [Kushner] had been arguing that testing too many people, or ordering too many ventilators, would spook the markets and so we just shouldn’t do it,” says a Trump confidant who speaks to the president frequently. “That advice worked far more powerfully on him than what the scientists were saying. He thinks they always exaggerate.”

  Financial Times
How many people have Jared and Deadly Don killed with their incompetence and worship of the market?
People in Trump’s orbit are fond of comparing coronavirus to the 9/11 attacks. George W Bush missed red flags in the build-up to al-Qaeda’s Twin Towers attacks. But he was only once explicitly warned of a possible plot a few weeks before it happened. “All right, you’ve covered your ass,” Bush reportedly told the briefer.
Yeah, the difference is that Bush got lucky. A terror attack isn't highly contagious. Although, I'm certain there were people in place in the Bush administration who would have done a better job than Trump's band of idiots and sycophants. Few wouldn't.
At some point, Congress is likely to establish a body like the 9/11 Commission to investigate Trump’s handling of the Covid-19 pandemic. The inquiry would find that Trump was warned countless times of the epidemic threat in his presidential daily briefings, by federal scientists, the health secretary Alex Azar, Peter Navarro, his trade adviser, Matt Pottinger, his Asia adviser, by business friends and the world at large. Any report would probably conclude that tens of thousands of deaths could have been prevented – even now as Trump pushes to “liberate” states from lockdown.

[...]

The CDC has been plagued by mishap and error throughout the crisis. The agency spent weeks trying to develop a jinxed test when it could simply have imported WHO-approved kits from Germany, which has been making them since late January.

[...]

Here again, though, Trump’s stamp is clear. It was Trump who chose Robert Redfield to head the CDC in spite of widespread warnings about the former military officer’s controversial record. Redfield led the Pentagon’s response to HIV-Aids in the 1980s. It involved isolating suspected soldiers in so-called HIV Hotels. Many who tested positive were dishonourably discharged. Some committed suicide.

A devout catholic, Redfield saw Aids as the product of an immoral society. For many years, he championed a much-hyped remedy that was discredited in tests. That debacle led to his removal from the job in 1994.

[...]

One of the CDC’s constraints was to insist on developing its own test rather than import a foreign one. Dr Anthony Fauci – the infectious disease expert and now household name – is widely known to loathe Redfield, and vice versa. That meant the CDC and Fauci’s National Institutes of Health were not on the same page.

[...]

The scarcity of kits meant that the scientists lacked a picture of America’s rapidly spreading infections. The CDC was forced to ration tests to “persons under investigation” – people who had come within 6ft of someone who had either visited China or been infected with Covid-19 in the previous 14 days. Most were denied. Few could prove that they had met either criterion.

[...]

Restrictions on testing narrow the options. “Once you get to one per cent prevalence in any community, it is too late for non-pharmaceutical interventions to work,” says Tom Bossert, who created the since-disbanded White House pandemic office before he was ejected in 2018 by John Bolton, Trump’s then national security adviser.

By March 11, just five days after Trump’s CDC visit, the reality was beginning to seep through. In an Oval Office broadcast, Trump banned travel from most of Europe, which expanded the partial ban he put on China in February. Two days later, he declared a national emergency. Even then, however, he insisted America was leading the world. “We’ve done a great job because we acted quickly,” he said. “We acted early.

Over the next 48 hours, however, something snapped in Trump’s mind. Citing a call with one of his sons, Trump said on March 16: “It’s bad. It’s bad… They think August [before the disease peaks]. Could be July. Could be longer than that.”
And all that did was make him more determined to convince people it wasn't bad.
The next week, he was saying that America should reopen by Easter on April 12. “I was one of the ones advising him to make it ‘Resurrection Sunday,’” says [Trump adviser Stephen] Moore. “I told him then what I think now, that this lockdown is causing more deaths and misery than the disease itself.”

[...]

The president’s leap of faith, which was inspired by Fox News anchors, notably Laura Ingraham, and his lawyer Rudy Giuliani, none of whom have a medical background, turned Washington’s bureaucracy upside down. Scientists who demurred were punished. In April, Rick Bright, the federal scientist in charge of developing a vaccine – arguably the most urgent role in government – was removed after blocking efforts to promote hydroxychloroquine.

[...]

Most clinical trials have shown the drug has no positive impact on Covid-19 patients and can harm people with heart problems.

[...]

In a whistleblower complaint, [Bright] said he was pressured to send millions of dollars worth of contracts to a company controlled by a friend of Jared Kushner. When he refused, he was fired.

[...]

During the Ebola outbreak in 2014, when Obama’s administration sent 3,000 US military personnel to Africa to fight the epidemic, the CDC held a daily briefing about the state of progress. It has not held one since early March. Scientists across Washington are terrified of saying anything that contradicts Trump.
Any doctors in that group should lose their license for violating their Hippocratic oath. Chief among them Debbie Birx.
When Trump suggested in late April that people could stop Covid-19, or even cure themselves, by injecting disinfectant, such as Lysol or Dettol, his chief scientist, Deborah Birx, did not dare contradict him. The leading bleach companies issued statements urging customers not to inject or ingest disinfectant because it could be fatal. The CDC only issued a cryptic tweet advising Americans to: “Follow the instructions on the product label.”“The way to keep your job is to out-loyal everyone else, which means you have to tolerate quackery,” says Anthony Scaramucci, an estranged former Trump adviser, who was briefly his White House head of communications. “You have to flatter him in public and flatter him in private. Above all, you must never make him feel ignorant.”

An administration official says advising Trump is like “bringing fruits to the volcano” – Trump being the lava source. “You’re trying to appease a great force that’s impervious to reason,” says the official.

[...]

A former senior Trump official says: “People turn into wusses around Trump. If you stand up to him, you’ll never get back in. What you see in public is what you get in private. He is exactly the same.”

[...]

Trump [...] plays US state governors against each other, much as he does with his staff. Republican states have received considerably more ventilators and personal protective equipment per capita than Democratic states, in spite of having far lower rates of hospitalisation. Trump says America is fighting a war against Covid-19. In practice, he is stoking national disunity.

[...]

Trump’s dog-eat-dog instinct has been just as strong abroad as at home. A meeting of G7 foreign ministers in March failed to agree on a statement after Mike Pompeo, the US secretary of state, insisted they brand it the “Wuhan virus”. America declined to participate in a recent summit hosted by Emmanuel Macron, France’s president, to collaborate on a vaccine.

Most dramatically, Trump has suspended US funding of the WHO, which he says covered up for China’s lying.

[...]

Other critics say the Geneva-based body was too ready to take Beijing’s word at face value. There is some truth to that claim. “They were too scared of offending China,” says Bernard, who was America’s WHO director for two years. But its bureaucratic timidity did not stop other countries from taking early precautions.
In fairness, there's no mechanism by which WHO can challenge any country's claims.
The WHO can no more insist on going into Wuhan to investigate the origins of Covid-19 than it can barge into Atlanta to investigate the CDC’s delay in producing a test.

[...]

Trump alleged the WHO’s negligence had increased the world’s death rate “twenty-fold”. In practice, the body must always abide by member state limits, especially the big ones, notably the US and China. That is the reality for all multilateral bodies. The WHO nevertheless declared an international emergency six weeks before Trump’s US announcement. WHO officials say Trump’s move has badly hindered its operations.

“You don’t turn off the hose in the middle of the fire, even if you dislike the fireman,” says Bernhard Schwartländer, chief of staff at the WHO.
You do if you're Donald J Trump.
Many voters are all too ready to believe the US is a victim of nefarious global forces.

[...]

Last month, Australia called for an international inquiry into the disease’s origins. “Australia’s goal was to defuse conspiracy theories in both China and America,” says Michael Fullilove, head of the Lowy Institute, Australia’s largest think-tank.

Days later, Australia’s Daily Telegraph, a tabloid owned by Rupert Murdoch, ran an apparent scoop that the “five eyes” – the intelligence agencies of the US, the UK, Australia, Canada and New Zealand – had concluded the disease came from the Wuhan lab, whether by accident or design. It appears the story had no substance.

[...]

According to a five eye senior intelligence officer and a figure close to Australia’s government, the Daily Telegraph story probably came from the US embassy in Canberra. There was no chance after its publication that Beijing would agree to an international probe. The report damaged Australia’s hopes of defusing US-China tensions. [...] “We increasingly feel caught between a reckless China and a feckless America that no longer seems to care about its allies.”

[...]

Early into his partial about-turn, Trump said scientists told him that up to 2.5 million Americans could die of the disease. The most recent estimates suggest 135,000 Americans will die by late July. That means two things.

First, Trump will tell voters that he has saved millions of lives. Second, he will continue to push aggressively for US states to lift their lockdowns.
And you only need to know how Trump exaggerates all numbers to know that no scientist told him 2.5 million Americans could die.
[Trump's] overriding goal is to revive the economy before the general election. Both Trump and Kushner have all but declared mission accomplished on the pandemic. “This is a great success story,” said Kushner in late April. “We have prevailed,” said Trump on Monday.

Economists say a V-shaped recovery is unlikely. Even then it could be two Vs stuck together – a W, in other words. The social mingling resulting from any short-term economic reopening would probably come at the price of a second contagious outburst. As long as the second V began only after November, Trump might just be re-elected.
Which is no doubt what he's counting on.
For the time being, Trump has been persuaded to cease his daily briefings. The White House internal polling shows that his once double-digit lead over Biden among Americans over 65 has been wiped out. It turns out retirees are no fans of herd immunity.
That GOP press to make dying a worthy sacrifice for the sake of the economy probably did them no favors.
“Trump is caught in a box which keeps getting smaller,” says George Conway, a Republican lawyer who is married to Kellyanne Conway, Trump’s senior counsellor. “In my view he is a sociopath and a malignant narcissist. When a person suffering from these disorders feels the world closing in on them, their tendencies get worse. They lash out and fantasise and lose any ability to think rationally.” Conway is known for taunting Trump on Twitter (to great effect, it should be added: Trump often retaliates).

Yet without exception, everyone I interviewed, including the most ardent Trump loyalists, made a similar point to Conway. Trump is deaf to advice, said one. He is his own worst enemy, said another. He only listens to family, said a third. He is mentally imbalanced, said a fourth. America, in other words, should brace itself for a turbulent six months ahead – with no assurance of a safe landing.
...but hey, do what you want...you will anyway.

Thursday, May 2, 2019

There goes Moore





Moore didn't decide that.  He was booted.  No doubt for disagreeing publicly with His Lardship this morning.
Potential Federal Reserve nominee Stephen Moore disagrees with President Donald Trump’s call for the central bank to sharply cut rates.

“I’m not so sure I agree with the White House that we should cut rates by an entire percentage point,” Moore told Bloomberg News on Thursday. “I just don’t see the case for that right now.”

Moore made his comments two days after Trump called for a 1% cuts to the Fed’s overnight rate and urged for more quantitative easing, which are the measures used by the central bank to stimulate the economy after the financial crisis.

In a series of tweets, Trump said the U.S. economy would go up “like a rocket” if the Fed loosened monetary policy.

[...]

Trump has not yet submitted Moore’s name as a Fed governor. The potential nomination has run into trouble due to controversial statements unearthed from Moore’s past.

Despite growing opposition from both parties, Moore said he will not withdraw his name from consideration, as Hermain Cain was forced to do recently following controversy and indications that he did not have sufficient Republican support to make it through a confirmation hearing.

”“I’m not pulling out,” Moore told The Wall Street Journal in a report published Thursday morning. Moore said he had spoken with a White House official who encouraged him to continue with the process.

  CNBC
And then His Lardship found out what Moore told Bloomberg.


Who's up next?  There's still Ivanka, who Trump says is good with numbers.



...but hey, do what you want...you will anyway.

UPDATE:


♪   What a difference a day makes.  Twenty four little hours.  

UPDATE:


  

Monday, April 22, 2019

Holy shit; sadly unsurprising



Oh, it's more than that.



Jesus Christ.  Trump's kind of guy.

And Herman Cain withdrew his name from consideration.


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

I first started writing about Moore in 1997. Four years before, President Clinton had raised the top tax rate to 39.6 percent, and supply-siders had insisted this would without question cause tax revenues to drop. This prediction was a necessary corollary of supply-side economic theory, which holds that tax revenue moves in the opposite direction of the top tax rate. The prediction was spectacularly wrong — revenue not only rose, it rose much, much faster than even the most optimistic advocates of Clinton’s plan had predicted.

Most supply-siders simply ignored this fact altogether. Moore, somewhat unusually, attempted to defend the original failed prognostication. His effort was hilariously buffoonish, using a series of errors that would embarrass a high-school economics student, such as failing to correct for inflation, and combining payroll tax data with income tax data.

  NYMag
Good with numbers.
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 [the Kansas City Star]. 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 believes what he calls “the heroes of the economy: the entrepreneur, the risk-taker, the one who innovates and creates the things we want to buy” should be lionized, and that the idea that a recession might be caused by anything other than excessively high rates on these heroes defies “common sense.” He was pulled into Trump’s orbit during the 2016 campaign and co-wrote a ludicrous hagiography of Trump and his agenda.
Which is why he's being nominated.
And yet, for all their extravagant ignorance, Moore’s beliefs on fiscal policy are actually more sophisticated and well-developed than his views on monetary policy. It is the latter that he would be in a position to influence as a Federal Reserve governor.

[...]

During the Obama presidency, he warned that runaway government spending would produce hyperinflation. In 2009, he appeared on Glenn Beck’s program to wax hysteric. “We’ve seen this happened to Mexico, Bolivia, Argentina, Zimbabwe, Russia, all consumed by government, all do-gooders — some of that led to the decline of their civilizations,” he said.

[...]

Had Moore’s advice been followed, it would have led to a quick end to the recovery and a deep recession. It did, however, dovetail with the Republican Party’s political imperative of encouraging contractionary fiscal and monetary policy, in order to slow down or strangle the recovery.

Since Donald Trump moved into the White House, the Republican Party has reversed its views on both fiscal and monetary policy. Whereas it had previously deemed deficits and inflation a mortal threat, and called stimulus and lower interest rates counterproductive, the party line now demands both.

[...]

[Moore] has insisted on television that the economy is experiencing deflation, and when corrected by panelist Catherine Rampell on this unambiguous error of fact, refused to give ground.
Never back down. Shows weakness.
Moore has extremely strong partisan instincts and extremely limited analytical skills. The combination results inevitably in the latter giving way to the former.

[...]

The problem is that he has no grasp of the policy, and simply follows whatever line helps the Republican Party.
Which is why the Senate will confirm him.

P.S. He bites?

Tuesday, March 26, 2019

I just knew it



President Donald Trump last week intended to reverse sanctions imposed on two Chinese shipping companies accused of violating North Korea trade prohibitions -- until officials in his administration persuaded him to back off and then devised a misleading explanation of his vague tweet announcing the move.

Trump stunned current and former government officials Friday afternoon with a tweet saying he had “ordered the withdrawal” of “additional large scale sanctions” against North Korea.

[...]

The president in fact intended to remove penalties Treasury had announced the day before against two Chinese shipping companies that had helped Pyongyang evade U.S. sanctions, according to five people familiar with the matter. Trump hadn’t signed off on the specific measures before they were announced but had given Treasury discretion to decide some sanctions as it saw fit, according to one person familiar with the matter.

Later Friday, in the wake of Trump’s tweet, the administration sought to explain away the move with a statement -- initially requesting no attribution to anyone -- that said the penalties against the Chinese companies hadn’t been reversed but the U.S. wouldn’t pursue additional sanctions against North Korea.

There were no additional North Korea sanctions in the works at the time, according to two people familiar with the matter.

The people asked not to be identified in order to candidly describe last week’s events and the administration’s attempt to provide a cover story for the president.

  Bloomberg
A bunch of lying, ass-covering cheats. What else would we expect?
[I]t demonstrated Trump’s penchant for stumbling into policy via tweet -- a practice that often catches his own government off-guard. On Thursday, he announced in a tweet that the U.S. should recognize the disputed Golan Heights as Israeli territory, surprising State Department officials. In December, he said in a tweet that he would withdraw U.S. forces from Syria, against the advice of many top national security officials.

Senator Cory Gardner, a Colorado Republican facing re-election in 2020, blasted the Trump administration’s handling of North Korea sanctions at a Foreign Relations Committee hearing Tuesday morning.

“We now have sanctions that are being waived by the president after Treasury, by law, issues them,” he said.

[...]

The sanctions on the two Chinese shipping companies were the subject of a National Security Council principals meeting last week, according to two people familiar with the matter. Robert Blair, a national security aide to White House Acting Chief of Staff Mick Mulvaney, warned that he didn’t think Trump would support issuing the measures. But National Security Adviser John Bolton, a North Korea hawk, disagreed and argued he knew Trump better than Blair, the two people said.
He should be served up a big dish of crow.
Victor Cha, a North Korea expert at the Center for Strategic and International Studies who was considered to be Trump’s ambassador to South Korea, said at the Foreign Relations Committee hearing that Trump’s tweet “reinforces the worst tendencies which have actually led us to where we are now.

“The North Korean leader made clear what mattered to him in Hanoi,” where Trump and Kim met in February for their second summit. “He had his time with the president and the one thing he focused on was sanctions relief.”
Impeach the motherfucker.

...but hey, do what you want...you will anyway.

Friday, March 22, 2019

Stephen Moore addendum


Read the CJR article here.

...but hey, do what you want...you will anyway.

UPDATE:




UPDATE:



Perfect.




UPDATE:  He's not "a big fan of democracy."




Oh. My. Fucking. God.



It was not immediately clear what sanctions Trump was referring to. There were no new US sanctions on North Korea announced on Friday but on Thursday the United States blacklisted two Chinese shipping companies that it said helped North Korea evade sanctions over its nuclear weapons program.

[...]

On Thursday, White House national security adviser John Bolton praised the US treasury for taking “important action” to stop North Korea’s illicit shipping activities. “Everyone should take notice and review their own activities to ensure they are not involved in North Korea’s sanctions evasion,” he tweeted.

[...]

The White House spokeswoman, Sarah Sanders, did not specify which sanctions Trump spoke of but said: “President Trump likes Chairman Kim [Jong-un] and he doesn’t think these sanctions will be necessary.”

  Guardian
What a way to run a country.  Is it maybe time to impeach this wingnut?

Also, he has plans for the fed.  He's not happy with Jerome Powell.



Stephen Moore [is] a conservative economic adviser who has become an outspoken critic of the Fed’s interest rate policy.

Mr. Moore has blamed the Fed’s rate increases over the past year for slowing economic growth and recently began calling on the central bank to begin cutting rates. An economist at the conservative Heritage Foundation, Mr. Moore helped draft Mr. Trump’s tax proposals in the 2016 campaign and has served as an informal adviser ever since.

As a nominee, Mr. Moore, 59, would face intense criticism in the Senate from Democrats, with whom he has clashed on several economic issues in his career as a commentator and policy advocate.

[...]

The move seeks to elevate a Trump loyalist to the Fed, an institution that the president has repeatedly blasted for raising interest rates, which he says have been a drag on the economy. Mr. Trump has repeatedly criticized his handpicked Fed chairman, Jerome H. Powell, saying he does not agree with Mr. Powell’s approach.

[...]

[Moore] recently pushed the Fed to target commodity prices in setting interest rates, a view rarely advocated by economists and monetary policymakers.

[...]

"The Fed should reverse its disastrous rate hikes” of September and December.

“The one guy who gets this is Trump,” Mr. Moore added. “He told me in a meeting last month that the Fed is preventing us from staying on 3 to 4 percent growth path."

  NYT
If the one guy who gets it is Trump, a man who has bankrupted or busted every business he's ever run, and who can't get a bank loan, perhaps you should rethink your position.
Asked if he had influenced Fed policy with his criticism, Mr. Trump said: “I don’t know. I mean, look, I hope I didn’t influence, frankly, but it doesn’t matter. I don’t care if I influenced or not.

“One thing, I was right,” he continued.

[...]

Mr. Moore, who has a master’s degree in economics, was the founder of the conservative Club for Growth and a past member of The Wall Street Journal’s editorial board.

[...]

In 2015, when growth was slower and unemployment higher than it is now, he wrote a column criticizing the Fed for amassing $4.5 trillion worth of government backed bonds and for refusing to raise rates.

[...]

“The Fed refused to raise interest rates off zero in September, and, hello, that easy money policy is how we got into the mess in 2000 and then in 2008,” he wrote.
"And, hello,..."? How old is this guy?  Twelve?
Many Fed watchers criticized Mr. Trump’s selection of Mr. Moore, even those who have called for keeping interest rates low to help workers and spur growth.

“Stephen Moore is a particularly poor choice for the Federal Reserve Board,” said Tim Duy, an economics professor and a Fed expert at the University of Oregon. “He appears more devoted to pursuing a far-right economic agenda than willing to understand the complexity of economic policy.”
Which is why Trump likes him.

Also, Trump's a lunatic with a pea-sized brain and talks like a teenager on dope (perhaps why he relates to Stephen Moore).





And yesterday he said Isis was gonna be wiped out by the end of the day.  Did that not happen?*

Jesus wept.

UPDATE:



Read the CJR article here.

UPDATE:  Clean up on aisle 5.



So, did Sarah Huck not know this?

*
UPDATE 3/23 (Saturday):



UPDATE 3/26:

I knew it.