West Virginia Democratic Sen. Joe Manchin may have doomed Sarah Bloom Raskin, Joe Biden’s nominee for a leading governing role at the Federal Reserve and wife of Trump impeachment manager Rep. Jaime Raskin. The legislator stated Monday he is “not able to support her nomination” to be the vice-chair of supervision at the Federal Reserve.
Lacking Manchin’s assistance, Democrats will likely not have the ballots required to validate Raskin, who has called for the Fed to punish banks and banks that have business arrangements with fossil fuel power firms as a means to eliminate climate change. Raskin’s settings on power were central to Manchin’s statement opposing her nomination.
“Now more than ever, the United States must have policy leaders and economic experts who are focused on the most pressing issues facing the American people and our nation – specifically rising inflation and energy cost,” Manchin said in a statement to the press.
“I have carefully reviewed Sarah Bloom Raskin’s qualifications and previous public statements. Her previous public statements have failed to satisfactorily address my concerns about the critical importance of financing an all-of-the-above energy policy to meet our nation’s critical energy needs,” he noted.
Sarah Bloom Raskin's previous public statements have failed to satisfactorily address my concerns about the critical importance of financing an all-of-the-above energy policy to meet our nation’s critical energy needs. I'm unable to support her nomination to @federalreserve Board pic.twitter.com/0tDVXtRpKc
— Senator Joe Manchin (@Sen_JoeManchin) March 14, 2022
Raskin is the 2nd major Biden nomination that Manchin has torpedoed. Just over a year back, Manchin claimed he would not vote for the nomination of Neera Tanden to lead the Office of Management and Budget. At the time, the modest Democrat mentioned “overtly paritsan statements” Tanden had made on social media as the main reason to think she “will have a toxic and detrimental impact on the important working relationship between members of Congress and the next director of the Office of Management and Budget.”
Manchin Faces Blowback For Refusing To Annoint Rep. Jaime Raskin’s Wife
Manchin’s denial of Biden’s candidate after that attracted outrage from the left, therefore has his rejection of Raskin now.
“After all the psychoanalyzing of Manchin over the past year, it’s become quite evident that the explanation for his behavior is simple: He’s deeply, deeply corrupt,” Salon politics writer Amanda Marcotte baselessly accused the Senator
Occupy Democrats, a radical far-leftist group, posted, “Senator Joe Manchin stabs Joe Biden in the back again” and wrote in all-caps: “RT IF YOU THINK MANCHIN SHOULD BE BOOTED FROM THE PARTY!”
The White House has provided no sign that Raskin’s now doomed nomination will be pulled and appears to be overlooking Manchin’s statement for now.
“[Sarah Bloom Raskin] is one of the most qualified people to have ever been nominated for the Federal Reserve Board of Governors – she previously served on the Board and she served as second-in-command at Treasury, both positions where she earned bipartisan Senate confirmation,” deputy press secretary Chris Meagher over-optimistically tweeted after Manchin released his statement alluding to potential support from the GOP side of the aisle, which seems unlikely.
“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,” he said.
A spokesperson for the Senate Banking Committee Chairman Sherrod Brown (D-OH) stated Monday that the committee will progress with Flower’s nomination.
“Senator Brown is working to move forward Ms. Bloom Raskin’s nomination with bipartisan support, as Ms. Bloom Raskin has earned twice before,” Brown’s office said.
While bipartisan support for Raskin could still save her nomination, practically, she’s dealt with intense opposition from GOP senators. Republican politicians have actually slammed Raskin’s questionable positions on climate change and also looked at her time serving on the board of Get Depend on, a fintech count on business. Get Count on became the only non-bank state-chartered trust to receive access to the Federal Reserve’s settlement system while Raskin, a former Fed official, was offering on the company’s board between May 2017 and also August 2019.
Republicans have actually examined whether Raskin, who functioned as a Fed governor from 2010 to 2014, convinced the Fed to provide Reserve Trust on a master account and after that received 200,000 shares of firm supply as payment. The sale of those stocks is the topic of an ethics complaint submitted by the watchdog team American Accountability Foundation against Raskin’s other half, Rep. Jamie Raskin (D-Md.).
AAF took credit history for sinking Biden’s nominee after Manchin published his statement.
🚨BREAKING: AAF research sinks another Biden nominee, Sarah Bloom Raskin.
Through our investigation, we exposed her radical views on fossil fuels, partisan politics, and shady ethics. pic.twitter.com/9PQjW4iio4
— Biden Noms | American Accountability Foundation (@ameracctfnd) March 14, 2022
“Through our investigation, we exposed her radical views on fossil fuels, partisan politics, and shady ethics,” the group said.
H/T The Blaze
