The way Stephen Moore was treated by the press is an indictment on its so-called objectivity. Moore went from a respected economic figure who appeared across the television networks to a man who became public enemy No. 1. Why? Because he had the temerity to be nominated by President Donald Trump to serve on the Federal Reserve Board of Governors and (gasp!) accept the nomination.
Moore published an op-ed in The Wall Street Journal, where he served as an editor for a number of years, outlining how the mainstream media treated him before the nomination and after.
It was incredible to watch in real-time.
Here is an excerpt (emphasis ours):
I was naive. I believed that to be confirmed I would simply need to defend these ideas and my free-market economic philosophy in general. I relished that debate, especially because so many of my harshest critics were completely wrong about the Trump economy.
A majority in the Senate viewed my economic-policy expertise favorably, and my confirmation seemed likely…
What did me in was not my economic ideas but gutter campaign tactics and personal assaults. I’ve been called an adulterer, a misogynist, a tax cheat, a deadbeat dad, antigay and mentally unfit. A Washington Post editorial warned that I was a “dangerous” pick for the Fed, and a columnist said I could cause a “global financial calamity.” They must imagine I have superheroic powers of persuasion. If appointed, I would have been one of seven Fed governors.
Investigative reporters searched far and wide, digging through my 2,000 articles, 500 speeches and several thousand TV and radio appearances, some dating back more than 25 years, for dirt they could use. They found it. I have said and written things that were politically incorrect, sometimes foolish and hurtful. That was especially true about a 2002 article about women in sports. I meant it to be humorous but it was insulting, and I have apologized for it.
One irony is that one of my most vicious attackers has been CNN. In 2017 the network signed me to a two-year contract as a senior economic analyst. I appeared on the air more than 100 times, and CNN renewed my contract. As soon as Mr. Trump said he would nominate me to the Fed, the network began trashing me day after day for things I’d written decades before it hired me.
The low point of the sleaze campaign was when the media successfully persuaded the Fairfax County, Va., courts to unseal my divorce records from nine years ago—over not only my objections but my ex-wife’s. The Post, New York Times and others unfolded our dirty laundry on their pages—never bothering to report that she and I are on amicable terms and often jointly attend our kids’ events. Anyway, what do the details of my divorce almost a decade ago have to do with my suitability to help set monetary policy?
The sleuths in the media also tracked down spoof Christmas letters I wrote to friends and family in the late 1990s and early 2000s. These were outrageous and irreverent and poked fun at everyone and everything, including myself. In 2002 I wrote that I had bought a red sports car—my “midlife crisis” car—in which I cruised around town with my kids strapped into baby seats, trying to pick up women. Obviously I never did any such things, but reporters ignored the obvious humor and described it as evidence of sexism.
In their effort to portray me as sexist, they also contacted dozens of women I’ve known or worked with, and even girls I knew in high school. They failed to find one who impeached my character or behavior.
This should be a warning to anyone who wants to have a positive presence on television and in the rest of the press in their careers: beware of having any association with Trump. The Counterfeit News Network and the rest of the mainstream press will go after you and everything you have ever done – yes, loitering in front of a convenience store and throwing pennies at the brick wall will create wall-to-wall coverage on CNN.
Moore isn’t exactly an economics icon in the same way as Henry Hazlitt or Walter Williams, but he still had some free market principles that were respected and worth listening to.
Leave a Comment