Tonight's Chicago Metro North & Northwest suburban edition of Public Affairs features Steve Moore, Federal Reserve Nominee.
Watch show host Jeff Berkowitz interview economist Steve Moore. This episode was taped on April 18, 2019 and features Moore, 2019 Federal Reserve Bank Board of Governors Trump nominee and co-author w Art Laffer of “Trumponomics: Inside the America First Plan to Revive Our Economy.”
The program airs tonight at 8:30 pm in 24 Chicago Metro North and Northwest suburbs:
--on Comcast Cable Ch. 19 in Buffalo Grove, Elk Grove Village, Hoffman Estates, parts of Inverness, Lincolnwood, Morton Grove, Niles, Northfield, Palatine, Rolling Meadows and Wilmette and
--on Comcast Cable Ch. 35 in Arlington Heights, Bartlett, Glenview, Golf, Des Plaines, Hanover Park, Mt. Prospect, Northbrook, Park Ridge, Prospect Heights, Schaumburg, Skokie, Streamwood and Wheeling.
Missed tonight's program in the suburbs? Not to worry, it will be re-run next Tuesday night: same time, same suburbs and same channels.
You can also watch the program featuring Steve Moore, 24/7, by clicking here.
And, in the City of Chicago, you can watch the program with Moore next Monday night, May 6, 8:30 pm and midnight, Cable Ch. 21 [CAN TV].
The program also airs in Evanston daily, 8:30 pm on Cable Ch. 6, starting tonight and continuing thru Monday, May 13.
Moore is also the Distinguished Visiting Fellow for the Heritage Foundation’s Project for Economic Growth and writes, paraphrasing the late Coach Vince Lombardi, “Economic Growth isn’t everything, it’s the only thing.”
Moore has co-authored three other books with Art Laffer and four books on his own, dealing with important State and National economic, freedom and prosperity issues.
Moore has a Master’s Degree in Economics from George Mason University and an undergraduate degree from University of Illinois at Champaign-Urbana. Only two of the current five members of the Fed Reserve Board have degrees in economics, Chairman Powell is a Lawyer and investment banker.
Over the years, Moore has focused most of his career on writing and researching about and promoting important economic issues relating to economic growth and prosperity. Moore has worked for Heritage, Cato and the Wall St. Journal Editorial Board, as well as working as a senior economist for the U. S. Congress Joint Economic Committee. He co-founded the Club for Growth in 1999 and was its President for five years.
Steve Moore discusses with show host Jeff Berkowitz the essence of Trumponomics, which at its core focuses on putting America First, making strong use of economic incentives to grow the U. S. Economy, while respecting the freedom and energy of individual employees and employers to drive the economy forward.
Trumponomics also unabashedly promotes and encourages U. S. free enterprise, business and capitalism to compete and succeed in the U. S. and around the world.
The across the board individual and corporate tax rate cut plan developed by President Trump with the substantial help of Art Laffer, Larry Kudlow and Stephen Moore were and are a central component of Trumponomics, along with their De-Regulation and energy expansion programs, and efforts to encourage U. S. labor and capital to grow and become more productive.
Moore emphasizes that Trumponomics expanded capital equipment in America, making labor more productive and thus increasing American middle class real wages significantly for the first time in decades.
Moore’s book, Trumponomics, emphasizes the importance of immediate expensing as an inducement to expand capital, and thereby increasing U. S. labor productivity, wages and economic growth.
Moore indicated that the primary economic area where the Laffer, Kudlow (Now National Economic Chairman in Trump’s administration) and Moore economic Troika differed from President Trump was in the Troika’s opposition to the adoption of steel and aluminum tariffs, and proposed tariffs on autos.
However, Moore notes that President Trump does not want only “Yes people” to advise him and Trump understands that he and his advisers will not always agree and they are all fine with that.
But, currently, Moore is very proud that he worked with Laffer, Kudlow and President Trump to produce 3% economic growth in 2018, almost double what the annual U. S. growth rate was when President Obama left office in 2016.
Further, GDP growth in the 1st Quarter of 2019 was 3.2%, exactly double Obama's GDP growth rate in his last year as President.
Moore is also proud that the Trump Administration has achieved substantial real wage growth for low and middle income workers for the first time in decades, as well as current unemployment in the 3.8% range.
Looking ahead to his work on the Federal Reserve Board, Steve Moore wants to be viewed as the Board’s “Growth hawk,” who knows “We can have 3 to 4 %, real economic growth without significant inflation,” and "High and growing real wages for low and middle income workers and low national unemployment." *************
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