Nel's New Day

April 9, 2019

DDT’s People: Part II, Proximity Instead of Professionalism

Where does Dictator Donald Trump (DDT) find the people who he extols, hires, berates, and then fires? A family wedding planner received an important HUD position. DDT’s son-in-law Jared Kushner found economic adviser Peter Navarro while browsing Amazon and seeing the title of his book, Death by China. For the Federal Reserve, DDT is nominating Stephen Moore, a GOP pundit who co-wrote an op-ed for the Wall Street Journal that complained about the Federal Reserve keeping the economy from glorious heights. The lies in the piece caught the attention of DDT’s national adviser Larry Kudlow, who subscribes to the same falsehoods. He told DDT about Moore, and DDT tweeted that he would nominate Moore, “a very respected Economist,” to fill a vacant position “on the Fed Board.”

Moore is neither an economist nor respected. Kevin Drum of Mother Jones wrote that “this is about like nominating Dr. Phil to run the CDC.” Moore admits that he knows very little about monetary policy, a focus of the Federal Reserve.

“I’m kind of new to this game, frankly, so I’m going to be on a steep learning curve myself about how the Fed operates, how the Federal Reserve makes its decisions. It’s hard for me to say even what my role will be there, assuming I get confirmed.”

About the appropriate size of the Fed’s balance sheet, Moore said,“To be honest, I’m going to have to study up on this one.” During the 2008 recession, Moore regarded Ayn Rand’s novel Atlas Shrugged as his economic guide, but he didn’t even get the pretentious novel’s plot right. He used an event in which the government co-opted an invention to banks pressured to accept bailouts when the U.S. economy was ready to crash. Moore’s recommendation was to watch the world burn.

Moore’s owes $75,000 in unpaid federal taxes, interest, and penalties. When he was found in contempt of court for refusing to pay his wife tens of thousands of dollars in delinquent divorce, alimony, and child support payments, four police officers, two realtors, and a locksmith came to his house to sell his residence, per a court order. He had claimed he “paid off his wife,” but the total was just a fraction of what he owed after the seven people came to the house. Past-due payments came to $333,000. After Moore paid his ex-wife about two-thirds of his debt to her, the court called off the sale of the house.

Chief economist for the right-wing Heritage Foundation, Moore received his M.A. from George Mason University, the third most conservative college in the U.S. He is on the editorial board of the Murdoch’s conservative Wall Street Journal and founding president of the union-breaking Club for Growth, partly funded by the Koch brothers. They also donated $12 million to “Freedom Works,” where Moore is listed as “senior economic contributor.” He does no economic research but is always ready to make right-wing comments in economic policy debates. A respected conservative economist, Greg Makiw, said Moore “does not have the intellectual gravitas for this important job,” and even Fox’s Tucker Carlson’s Daily Caller finds Moore unethical.

Slate wrote:

“Stephen Moore is a living embodiment of the sucking intellectual void at the core of conservative economics, an inept pundit who has spent his career evangelizing the supply-side dogma that tax cuts pay for themselves while shilling for Republican officeholders, all from well-paid perches at think tanks and in the media.”

Moore follows the failed theory of the GOP economic platform that big tax cuts for billionaires and corporations will cause prices to fall. He wants to use a Fed position to “free” the economy from “oppressive taxation” although the Board has nothing to do with taxation. Moore was heavily involved in destroying Kansas’ economy when he told former Gov. Sam Brownback to make his draconian tax cuts. The extreme austerity for government programs decimated their educational systems and other needs, and people raised taxes as soon as Brownback escaped into DDT’s government as a world ambassador for “religious freedom.”

Moore doesn’t reserve his public opinions to economics.

  • He defended Alabama’s U.S. Senate candidate Roy Moore of molesting a teenage girl by claiming that his opponent, now-Sen. Doug Jones, was as bad because he supports abortion rights.
  • He tried to slut-shame Stormy Daniels, paid off by DDT to keep their affair secret, in an interview on Don Lemon’s show.
  • He argued that scientists lie about their concern regarding climate change to get “really, really, really rich.”

The question is what the Senate will do with Moore. Eight years ago, GOP senators blocked President Obama’s Fed nomination Peter Diamond, a Nobel Prize-winning economist, for over a year and then killed it. Sen. Richard Shelby (R-AL), still in the Senate at the age of 84, joined others to question Diamond’s qualifications.

Reeling from Moore’s nomination, people were even more shocked to hear that DDT is considering the former presidential candidate, pizza man Herman Cain, for another Fed position. On paper, Cain’s credentials may look slightly better than those of Moore: he served on an advisory board to the Kansas City branch of the central bank for a few years in the 1990s. Fortunately for the bank, he had no decision-making power.

People who watched the 2012 presidential campaign may remember Cain when he argued that people “need a leader, not a reader” and said he didn’t care who “the president of Ubeki-beki-beki-beki-stan-stan” is. He also touted his 9-9-9 tax plan based on false information. Cain quoted Pokemon in his departure from the campaign and then turned his mailing list into peddling suspected scams after he quit. During DDT’s campaign, Cain was a supporter, calling DDT a “shucky-ducky kind of candidate.” And it got worse from there. In 2015, Cain told Glenn Beck that Muslims should not be able to serve in government until they took a loyalty oath.

Cain dropped out of his 2012 campaign after allegations of sexual harassment. He denied them by saying that thousands of women he worked with would not make that claim. Cain’s lawyer, however, said that any women considering such accusations should “think twice.” Slate legal editor Dahlia Lithwick pointed out how this statement only exacerbates the threat of patriarchal power—something that DDT is still wielding.

Cain has a pattern of selecting people who may participate in sexual misconduct like DDT has. Sharon Bialek said that Cain told her she had to put up with his running his hand up her skirt if she wanted a job. Karen Kraushaar said that Cain groped her in the 1990s. Cain denied these allegations last week by stating that he would “be able to explain [the allegations] this time, where they wouldn’t let me explain it the last time. They were too busy believing the accusers.”

Others:

  1. GOP Senators confirmed Brett Kavanaugh for a Supreme Court position after three accusations of sexual misconduct.
  2. Andrew Puzder dropped out as a nominee for Secretary of Labor only after a publicized video showed his ex-wife in an Oprah Winfrey show called “High Class Battered Women.”
  3. DDT replaced Puzder with Alex Acosta, a billionaire pedophile enabler.
  4. Bill Shine acted as “fixer” for Fox executives accused of sexual misconduct.
  5. Barry Myers, nominee to lead NOAA, was chief executive for a family company that paid $290,000 after being found guilty of subjecting women to sexual harassment.
  6. Steve Munoz, accused of sexually assaulting five men at The Citadel military college, is still listed as assistant chief of protocol of visits for the State Department.

None of these men, including DDT, exhibited any remorse about their actions.

A CNBC survey of Wall Street shows that a majority of them doesn’t want either Moore or Cain on the Federal Reserve board. Results opposed both Moore by 60 percent and Cain  (53 percent). Kathy Bostjancic, chief U.S. Financial Market Economist at Oxford Economics, wrote that the men’s confirmations “would be very disruptive at a time when monetary policy is at an important crossroads.” Fund managers, economists and strategists participated in the polling. They also predicted the confirmation of Moore by 51 percent and Cain by 49 percent. Forty-seven percent of respondents think that nominations combined with DDT’s directing the Fed are “reducing the central bank’s independence” with implications for markets and the economy. Diane Swonk, chief economist at Grant Thornton, said, “Stacking the Fed with partisan hacks would alter how the market views the Fed’s decisions.”

DDT wants to people on the Federal Reserve Board who will cut interest rates for personal financial and political benefit. His recommended idea, quantitative easing by buying Treasury bonds and mortgage-backed securities used to get out a recession, would give the economy a sugar high long enough, DDT hopes, to get him elected. These nominations for a supposedly independent agency bodes poorly for the vast majority of people in the nation and around the world.

December 25, 2018

DDT’s Version of ‘Merry Christmas’

Day Four of Government Shutdown: Retroactive pay doesn’t mean anything for small businesses when people stop spending for the holidays out of fear that paychecks will not be coming for a long time. No more perks like manicures or more presents. After Christmas, forget sales for clothes and other things that people load up on at the sales. Dictator Donald Trump (DDT) says he won’t stop the shutdown until he gets his money. Sounds like blackmail on Christmas Day.

DDT wants people to say “Merry Christmas,” but he debunked Santa Claus to a seven-year-old girl when she called to check on Santa’s progress on NORAD. When DDT answered the phone, he asked While answering telephone calls from children tracking Santa’s progress on NORAD, DDT asked Collman Lloyd of Lexington (SC) if she is “still a believer in Santa Claus.” After she said yes, DDT said, “Because at 7 that’s marginal, right?” Fortunately, Collman doesn’t know the meaning of “marginal,” and she still believes in Santa because the milk and cookies left for him overnight disappeared. DDT, who threw rocks at other toddlers in play pens before he was three years old, just shot down Santa Claus for a lot of people.

The day before DDT tried to burst Collman’s bubble, he moaned on his Twitter account:

 “I am all alone (poor me) in the White House waiting for the Democrats to come back and make a deal on desperately needed Border Security.” [DDT’s version of “all alone.]

Earlier this year, DDT turned down $25 billion in border security, but he claims that “the wall is different” and that it “will be built with shutdown money plus funds already in hand.” He’s missed the fact that the shutdown costs money; it doesn’t increase funding. And that’s just part of the anger-filled, hateful tweets that he sent from the White House in the days before Christmas when he wanted to be cheered on with Mar-a-Lago members.

In several tweets, DDT scapegoated Federal Reserve Chairman Jerome Powell for his own mistakes that led to the massive drop in stock markets during December. After a disastrous week, the Dow Jones plunged another 653 points in a half-day session yesterday. Economists have been muttering about an upcoming recession for months, and Treasury Secretary Steve Mnuchin, formerly king of foreclosures who didn’t let an elderly widow escape when she owed $.27, tried to block the fall. On Sunday, Mnuchin tweeted that the public has plenty of money to borrow because he talked with CEOs of six large banks. The CEOs were confused by his tweet, and the stock market had its worst Christmas Eve in history. The other major stock exchanges dropped in equally disastrous percentages, and crude oil fell over six percent to below $43 a barrel.

DDT added to the roiling market by threatening to fire Powell, his own appointment, and asking if he has the right to carry through with his threats. Mnuchin told DDT Saturday night that Mnuchin didn’t have the right to fire Powell although the law permits the president to fire a Fed board member “for cause.” Mick Mulvaney, Budget Director/acting chief of staff, said Saturday that DDT wasn’t going to fire Powell, whose term as chair ends in 2022 and board member in 2028. Mark Zandi, chief economist at Moody’s Analytics, said that DDT’s war on the Fed has caused some of the problems:

“Investors are increasingly spooked by the president’s wrong-headed attacks on the Fed and the Treasury Secretary’s ham-handed efforts to convince everyone Trump doesn’t mean it and that everything is fine.”

Although DDT claimed today that he was happy with Mnuchin, insiders are saying that he is upset with him. Mnuchin may follow former Defense Secretary James Mattis out of the Cabinet.

Christmas 2018 is the date that DDT cut off aid for abused women. Funding for the Violence against Women Act (VAWA) stopped when DDT’s shutdown began. Women lose their resources to be safe just before the holidays, a particularly dangerous time for them.

DDT has cut off paychecks for about 800,000 federal workers as well as planning to cut food stamps from another 800,000 people. Upset because the farm bill did not have provisions to starve people, DDT has announced his own orders last week to circumvent a law passed by Congress. DDT follows the conservative argument that people who get benefits aren’t working because they are lazy. DDT’s proposed rule removes the 20-year-old states’ rights to issues waivers if unemployment is 20 percent over the national average or there are significantly fewer jobs available than people who need work. DDT’s order to remove waivers in areas of unemployment under 7 percent will be made worse with bureaucracy such as Arkansas’s Medicaid overhaul where no waivers can be issued even in places with proof of insufficient jobs. Less than ten percent of food stamp recipients qualify as “able-bodied adults without dependents,” and over half of them work or volunteer enough time for the 20-hour work rules.

The Fox network final salvo in its “war against Christmas” blended with its war on gender identity and came from Tucker Carlson’s diatribe against gingerbread people with his guest Tammy Bruce. She claimed that gingerbread men are “obviously… they’re men.” She did indicate that she couldn’t tell the gender, “because they’re also not wearing clothes. So, it’s hard to say what they are and what they’re doing and not doing.” She probably refers to the fact that gingerbread cookies lack external genitalia and secondary sexual characteristics. Carlson called on people to not participate in the “spiritual neutering” of cookies. Part of the outrage came from false news reporting that the Scottish Parliament had banned the use of the term “men” when referring to gingerbread cookies. With 30 percent of women in the Scottish Parliament building stating they had been sexually harassed, the bakery renamed their cookies in solidarity.

A true war on Christmas this year is the war by DDT and the GOP against immigrants both documented and undocumented, especially those seeking asylum. A Guatemalan child died in DHS custody early this morning, the second one in less than three weeks. The cause hasn’t been announced, but children are put in extremely cold rooms when first in custody, supposedly to kill germs, and experience limited medical screening only for scabies, lice, and chickenpox. Children sleep side-by-side on mats on the floor with only a Mylar blanket. All their belongings are removed. The facilities were built in the 1980s and 1990s to temporarily house migrant adults. The 8-year-old boy’s death went unnoted in DDT’s furious tweets. Felipe González Morales, the UN Special Rapporteur on the human rights of migrants, has called for an investigation of 7-year-old Jakelin Caal Maquin after her death in custody on December 7, 2018 although the death was kept secret from Congress for almost a week.

Rep. Luis Gutierrez (D-IL) told DHS Secretary Kirstjen Nielsen during her testimony to a House hearing that DDT’s immigration policies are unchristian and that they would have blocked Jesus Christ and his family from their flight to Egypt:

“During Christmas, a time in which we celebrate the birth of Jesus Christ—a Jesus Christ who had to flee for his life with Mary and Joseph—thank God there wasn’t a wall that stopped him from seeking refuge in Egypt.”

DDT skipped a presidential tradition on Christmas by avoiding any direct contact with military members on Christmas Day, instead addressing some service members on safe bases. He told them that drugs are flowing across the southern border, the Federal Reserve is endangering the U.S. economy, and Democrats are planning to harass him with oversight hearings. He said, “It’s a disgrace …, but other than that, I wish everybody a very merry Christmas.” Merry Christmas to you too, DDT!

On this Christmas Day, 705 days since DDT’s inauguration, I am grateful for a safe home with food and warmth. I don’t live in a war-torn area, I’m not a refugee from violence, I no longer teach where someone could come in to kill me and my students, I have health insurance—I could keep going on and on with the privileges that many of us have, even more privileges after DDT has declared war on every minority. The best gift for my Christmas Day—for my year—is that the nation may have a chance to save a small piece of its democracy. After Supreme Court Justice Ruth Bader Ginsberg had two malignant nodules removed from her lung last week, she’s back at work in her room at Memorial Sloan Kettering Cancer Center. Doctors say that that there is “no evidence of remaining disease.”

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