{"id":1128373,"date":"2021-12-17T12:29:22","date_gmt":"2021-12-17T17:29:22","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1128373"},"modified":"2021-12-17T12:29:24","modified_gmt":"2021-12-17T17:29:24","slug":"elon-musk-for-chairman-of-federal-reserve-starts-to-move","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/elon-musk-for-chairman-of-federal-reserve-starts-to-move\/","title":{"rendered":"Elon Musk For Chairman Of Federal Reserve Starts To Move"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Felon-musk-for-chairman-of-federal-reserve-starts-to-move%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1128373&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>On Thursday, two prominent conservative economists championed the idea of making Elon Musk the chairman of the Federal Reserve Board. Speaking on Fox News\u2019 \u201cKudlow,\u201d Larry Kudlow, the former director of the National Economic Council of the United States, joined Forbes Media Chairman Steve Forbes to push the idea.<\/p>\n<p>Kudlow asked: \u201cSo why doesn\u2019t Jay Powell and the Fed have the backbone to take aggressive action to curb record-high inflation? By the way, if they don\u2019t, it could derail the whole economy\u2026for all these reasons, you know, as I said last night, I prefer Elon Musk as the Fed chair,\u201d as <a href=\"https:\/\/www.newsbusters.org\/blogs\/business\/joseph-vazquez\/2021\/12\/17\/move-over-powell-steve-forbes-larry-kudlow-endorse-elon\">Newsbusters<\/a> reported.<\/p>\n<p>Forbes echoed, \u201cI\u2019d vote for his confirmation.\u201d After Kudlow stated, \u201cNow to me, you\u2019re against the [Build Back Better] bill, you\u2019re against the [electric vehicle] subsidies and Elizabeth Warren hates you. Those are grounds to be Fed chairman,\u201d Forbes responded that Musk \u201cunderstands the real world. He understands what it takes to get things done. These people don\u2019t. They think you turn on a switch and, voila, it happens.\u201d<\/p>\n<p>On Wednesday night, Kudlow stated, \u201cI\u2019ve got a couple of thoughts on today\u2019s wussy Fed announcement that they\u2019re kind of going to move faster on tapering bond purchases and there might be three little bitty rate hikes next year, and oh, yeah, Jay Powell told a press conference he was confident inflation would drop to 2% by the end of next year. Really? Wanna bet? On that bet I\u2019m gonna take the under.\u201d<\/p>\n<p>He cited Senator Joe Manchin stonewalling President Biden\u2019s horrendously expensive Build Back Better plan and calling for a halt to quantitative easing, the printing of new money. He noted, \u201cBut the Jay Powell Fed has been nosing in favor of more federal spending, haven\u2019t they? \u2026 The Fed is still enabling massive government spending by buying up the debt and pumping up the money supply.\u201d<\/p>\n<p>He later launched into his approval of Musk as Fed Chairman: \u201cFinally, I have some unorthodox ideas for a new Fed Chairman if Joe Manchin won\u2019t take the job; Manchin would probably be my first choice. How about \u2014 hold on to your seats \u2014 Elon Musk? Elon Musk, TIME magazine\u2019s \u2018Man of the Year.\u2019 How could I say such an outrageous thing? \u2026 I think he\u2019s very smart and very savvy. \u2026 The mere fact that socialist Elizabeth Warren is attacking him for not paying his \u2018fair share\u2019 of taxes by itself is a fabulous endorsement of Musk\u2019s philosophy and business prowess.\u201d<\/p>\n<p>\u201cMusk, who is the biggest electric vehicle car seller in the country, get this, he has publicly said he does not want electric vehicles or batteries to be subsidized by the federal government,\u201d he continued. \u201cHow about that? He\u2019s the biggest maker; he doesn\u2019t want Uncle Sam\u2019s money. Indeed, he has come out against the entire reckless tax-and-spend that regulate Biden\u2019s policies. How\u2019s that? Completely unlike GM and the other unionist car makers.\u201d<\/p>\n<p>\u201cAnd incidentally, one last point: Musk has been selling about $3 billion worth of stock at the prevailing capital gains tax rate of 23.8%,\u201d he noted. \u201cNow the Musk stock sale would generate or will generate $714 million of revenues to the federal government. That\u2019s gotta be one of the biggest revenue windfalls in Uncle Sam\u2019s history, at least from one person. Now that\u2019s called paying your fair share, Liz Warren.\u201d<\/p>\n<p> <iframe loading=\"lazy\" title=\"Kudlow: Fed missing opportunity to show strength and determination\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/zlNSMv91cwM?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe> <\/p>\n<p><em>The Daily Wire is one of America\u2019s fastest-growing conservative media companies and counter-cultural outlets for news, opinion, and entertainment. Get inside access to The Daily Wire by becoming a <\/em><a href=\"https:\/\/www.dailywire.com\/subscribe\"><em>member<\/em><\/a><em>.&nbsp;<\/p>\n<p><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Thursday, two prominent conservative economists championed the idea of making Elon Musk the chairman of the Federal Reserve Board. Speaking on Fox News\u2019 \u201cKudlow,\u201d Larry Kudlow, the former director of the National Economic Council of the United States, joined Forbes Media Chairman Steve Forbes to push the idea.Kudlow asked: \u201cSo why doesn\u2019t Jay Powell and the Fed have the backbone to take aggressive action to curb record-high inflation? By the way, if they don\u2019t, it could derail the whole economy\u2026for all these reasons, you know, as I said last night, I prefer Elon Musk as the Fed chair,\u201d as Newsbusters reported.Forbes echoed, \u201cI\u2019d vote for his confirmation.\u201d After Kudlow stated, \u201cNow to me, you\u2019re against the [Build Back Better] bill, you\u2019re against the [electric vehicle] subsidies and Elizabeth Warren hates you. Those are grounds to be Fed chairman,\u201d Forbes responded that Musk \u201cunderstands the real world. He understands what it takes to get things done. These people don\u2019t. They think you turn on a switch and, voila, it happens.\u201dOn Wednesday night, Kudlow stated, \u201cI\u2019ve got a couple of thoughts on today\u2019s wussy Fed announcement that they\u2019re kind of going to move faster on tapering bond purchases and there might be three little bitty rate hikes next year, and oh, yeah, Jay Powell told a press conference he was confident inflation would drop to 2% by the end of next year. Really? Wanna bet? On that bet I\u2019m gonna take the under.\u201dHe cited Senator Joe Manchin stonewalling President Biden\u2019s horrendously expensive Build Back Better plan and calling for a halt to quantitative easing, the printing of new money. He noted, \u201cBut the Jay Powell Fed has been nosing in favor of more federal spending, haven\u2019t they? \u2026 The Fed is still enabling massive government spending by buying up the debt and pumping up the money supply.\u201dHe later launched into his approval of Musk as Fed Chairman: \u201cFinally, I have some unorthodox ideas for a new Fed Chairman if Joe Manchin won\u2019t take the job; Manchin would probably be my first choice. How about \u2014 hold on to your seats \u2014 Elon Musk? Elon Musk, TIME magazine\u2019s \u2018Man of the Year.\u2019 How could I say such an outrageous thing? \u2026 I think he\u2019s very smart and very savvy. \u2026 The mere fact that socialist Elizabeth Warren is attacking him for not paying his \u2018fair share\u2019 of taxes by itself is a fabulous endorsement of Musk\u2019s philosophy and business prowess.\u201d\u201cMusk, who is the biggest electric vehicle car seller in the country, get this, he has publicly said he does not want electric vehicles or batteries to be subsidized by the federal government,\u201d he continued. \u201cHow about that? He\u2019s the biggest maker; he doesn\u2019t want Uncle Sam\u2019s money. Indeed, he has come out against the entire reckless tax-and-spend that regulate Biden\u2019s policies. How\u2019s that? Completely unlike GM and the other unionist car makers.\u201d\u201cAnd incidentally, one last point: Musk has been selling about $3 billion worth of stock at the prevailing capital gains tax rate of 23.8%,\u201d he noted. \u201cNow the Musk stock sale would generate or will generate $714 million of revenues to the federal government. That\u2019s gotta be one of the biggest revenue windfalls in Uncle Sam\u2019s history, at least from one person. Now that\u2019s called paying your fair share, Liz Warren.\u201d[embedded content]The Daily Wire is one of America\u2019s fastest-growing conservative media companies and counter-cultural outlets for news, opinion, and entertainment. Get inside access to The Daily Wire by becoming a member.\u00a0<\/p>\n","protected":false},"author":60,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1128373","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1128373","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/60"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1128373"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1128373\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1128373"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1128373"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1128373"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}