Political Quotes

“I will be brief. I see my colleague from Tennessee is here. Earlier this afternoon, the President's designee, Stephen Moore--not quite yet his nominee, but the President put his name out there to be a Governor of the Federal Reserve--withdrew his name from consideration, in large part because so many Republicans in this body were unhappy with his selection. This is the second Trump failure for the Federal Reserve just in the last month. He was about to nominate Herman Cain. There was a lot of outcry about his lack of qualifications. I am not sure why the President came up with him. Then he withdrew, and Stephen Moore's name had been put out there, too, and there were the same kinds of complaints about Moore--not just about what he wrote and said over the years, but really about his reputation as a thinker, as an economist, and as a strategist on economic issues. The President has tried twice. I don't know when we have ever seen this before, where the President hasn't been able to find somebody who understands the independence of the Fed and is qualified to take on that awesome responsibility to be on the Federal Reserve. It is as influential as any economic position in this government, I think. Now the President has two new chances again. I am hopeful that he will think about not appointing somebody whose whole mantra is trickle- down economics--to give tax cuts to the richest people in the country and hope it trickles down and we get a better economy.…”