Joe Manchin III, a key Democratic vote, said he opposed her because of her stance. Most likely, however, it's a little of all these things mentioned, combined with a world view that is locked down in an "arrogant certainty" that new evidence (or any evidence) could ever penetrate. Sarah Bloom Raskin’s nomination to the Federal Reserve Board appeared all but doomed on Monday after Sen. After sending the email, I began to think the root cause of Manchin's behavior may be a level of cynicism that is nearly unimaginable? I didn't even mention Manchin's role in crushing voting rights. Why? Because she is concerned about climate change and the many overshoot challenges we face in the natural world? Why? Because Senator Manchin is tied to the fossil fuels industry on multiple levels? Why? Because he takes significant campaign donations from the FF industry. And now, he has ended Sarah Bloom Raskin's chances to bring her talent, caring, and intellect to the Federal Reserve. Sarah Bloom Raskin, nominee to be vice chairman for supervision and a member of the Federal Reserve Board of Governors, speaks before a Senate Banking, Housing and Urban Affairs Committee. Republicans have boycotted a hearing that would let committee Democrats advance an entire slate. CNN Sarah Bloom Raskin has withdrawn from consideration to be a nominee for the Federal Reserve Board of Governors. From all I can tell, the majority of the citizens of WV were backing the provisions of the Build Back Better legislation that he helped defeat. Lawmakers on the Senate Banking Committee have been at loggerheads over Ms. Sarah Bloom Raskin, nominated to be vice chairman for supervision and a member of the Federal Reserve Board of Governors, is sworn in before a Senate Banking, Housing and Urban Affairs. "Just when I imagined that Senator Manchin could not profoundly disappoint me even more, he has exceeded all expectations. Seemingly, one of the most "coin operated" senators we have. 08:38 PM EST Updated: 10:03 PM EST President Joe Biden has picked three nominees for open slots on the Federal Reserve board, including progressive favorite Sarah Bloom. I will not support any future nominee that does not respect these critical priorities.I sent this email to Manchin's office today. Manchin said: “The time has come for the Federal Reserve Board to return to its defining principles and dual mandate of controlling inflation by ensuring stable prices and maximum employment. Bloom Raskin’s nomination with bipartisan support, as Ms. Raskin’s nomination was in jeopardy even before this week due to a GOP boycott in the Senate Banking Committee. Joe Manchin infuriated progressives on Monday as he announced his refusal to support President Joe Bidens nomination of Sarah Bloom Raskin to a key position at the Federal Reserve-only the latest of the West Virginia senators obstructions of his own partys climate action agenda. But a spokesperson for Brown said the Banking chair would still try to “move forward Ms. Mar 15, 2022, 04:20 PM EDT WASHINGTON Sarah Bloom Raskin withdrew her nomination for the Federal Reserve Board on Tuesday after it became clear she didn’t have the votes to be confirmed. Today’s development could end the blockade and allow Powell and other Fed nominees, including vice chair pick Lael Brainard, to move through the Banking Committee. “We are working to line up the bipartisan support that she deserves, so that she can be confirmed by the Senate for this important position,” Meagher said on Twitter. Deputy press secretary Chris Meagher noted she “earned bipartisan Senate confirmation” for previous posts at the Fed board and as deputy Treasury secretary. The White House said it is still hoping to get bipartisan support for Raskin. Manchin, the Senate Energy and Natural Resources Committee chair, controls a crucial swing vote in the 50-50 Senate, and his opposition likely means Raskin will not have the votes to pass the full chamber. The partisan brawl ensnared several other less controversial nominees, including current Fed Chair Jerome Powell ( E&E Daily, Feb. Senate Banking, Housing and Urban Affairs Chair Sherrod Brown (D-Ohio) attempted to move her through committee last month, but Republicans refused to show up, denying the committee a quorum to vote. The GOP has also alleged ethical misconduct during Raskin’s time in the private sector, saying she has refused to answer basic questions. She argued in a 2020 op-ed, for instance, that the Fed should not have given Covid-19 relief money to fossil fuel companies, calling them a “terrible investment.” Joe Manchin, a West Virginia Democrat, said Monday that he opposes the nomination of Sarah Bloom Raskin to a key position on the Federal.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |