The liberal media launched an offensive against both of President Donald Trump’s selections for the Federal Reserve board of governors.
The media have outdone themselves slinging mud at the “controversial” and “unqualified” picks of economics writer and Club for Growth founder Stephen Moore and millionaire businessman, former CEO and former presidential candidate Herman Cain. Cain also served as a director for the Federal Reserve Bank of Kansas City. Directors provide “insight on current and emerging issues” in the business community.
Larry Kudlow on Tuesday made his first network TV appearance as a member of the Trump administration and fought back against selective polling when it comes to the Republican tax bill. CBS This Morning co-host Gayle King demanded: “Mr. Kudlow, the latest poll shows that only 27 percent of Americans think that this tax bill is a good idea. Is that a good enough number for you?”
In what appeared to be a shot across the bow of their parent network CNN on Tuesday, the panel on HLN’s S.E. Cupp Unfiltered slammed media outlets who discredited President Trump’s new White House hires because they spent time on cable news. “So is the media smearing the President's pick just to beat up on Trump or are these TV talking heads actually dangerous,” conservative host S.E. Cupp wondered.
Following the resignation of Gary Cohn as top economic adviser, President Donald Trump selected CNBC contributor and former anchor Larry Kudlow for the spot.
Many liberal media outlets raced to attack the vocal free trade proponent who was the latest prominent person to join the Trump administration. Kudlow had previously served as an informal adviser to the campaign. They attacked him over his support for tax cuts and supply-side economics, as well as failed forecasts.
The Washington Post is aghast. Here's the headline: "The Daily 202: Trump may hire multiple cable news personalities as part of shake-up." The story by James Hohmann says this in part: "THE BIG IDEA: Donald Trump’s reality television presidency may be getting more star power for season two."
In Friday’s New York Times, Deborah Solomon and Kitty Bennett mocked President Trump’s new chief economic adviser Larry Kudlow, the conservative economist who will be the next director of the National Economic Council. There was yet another insulting NYT headline: “A TV Commentator Becomes a Presidential Adviser: Go to the Videotape.” The online headline was more blunt: “6 of Larry Kudlow’s Not-So-on-the-Money Predictions.” But what other economist (one who regularly writes for the NYT) has a flawed forecasting record?
The depths of CNN’s righteous indignation and hypocrisy showed no bounds Thursday night, as AC 360 host Anderson Cooper and reporter Randi “Kush” Kaye extensively bemoaned how Trump was bringing friendly journalist into his administration. “It's a presidency that was essentially born on reality TV, and now the lines between reality and TV may be blurring even further,” Cooper opined regarding the hire of Larry Kudlow as national economic adviser. But what about Obama’s legion of journalist staff?
The New York Times on Thursday dismissed Larry Kudlow, President Trump’s pick to head the National Economic Council (replacing Gary Cohn) in “President Picks TV Commentator as His Economic Adviser.” The conservative economist and associate director for economics and planning in President Reagan’s Office of Management and Budget was reduced to someone who Trump picked for his loyalty and Trump-style audacity.
During MSNBC’s 11:00 a.m. ET hour, co-anchor Stephanie Ruhle made a point of mocking President Trump’s newly-named economic advisor and longtime CNBC analyst Larry Kudlow for expressing trust in “God’s will” as he began his new White House role.
The journalists at CNN on Wednesday haughtily dismissed the hiring of Larry Kudlow as Donald Trump’s new economic adviser, discarding the former Ronald Reagan official as simply a “TV personality” who encourages the President’s “TV feedback loop.” CNN political director David Chalian condescended: “The other thing, of course, to note here is this is a cable TV personality. It is a perfect kind of appointment for The Apprentice-style presidency that Donald Trump is running.”
Several conservative economic thinkers including CNBC's Larry Kudlow and media magnate Steve Forbes recently formed the Committee to Unleash American Prosperity in an effort to persuade aspiring presidents to focus on “the paramount challenge facing our country: slow growth and stagnant incomes.”
Three economists in the group explained their goals in a March 3, Investor's Business Daily op-ed.
At the beginning of the July 24 edition of Fast Money, CNBC aired an exclusive interview of President Obama by the network's Steve Liesman focused primarily on taxes and tax reform, particularly the president's call to prevent large corporations from capitalizing on an "inversion" to lessen their federal tax bite.
But after the interview was aired, CNBC panelists excoriated the president as "duplicitous" and "disingenuous" for pretending like he has no share in the blame for a lack of movement on tax reform during his tenure in office and for offering an inaccurate, misleading description of what exactly happens to a U.S. corporation's tax obligations after it undergoes an inversion.