Manchin to vote against Biden nominee that opposes fossil fuels

Washington Examiner:

Sen. Joe Manchin said he will not vote to confirm Sarah Bloom Raskin to a top Federal Reserve role, likely killing her nomination.

The West Virginia centrist Democrat announced his opposition in a Monday news release. He cited the importance of the Fed in fighting inflation and past remarks Raskin has made that are skeptical of fossil fuels in his decision to oppose her nomination.

Raskin, whom President Joe Biden nominated to be the Fed’s vice chairwoman of supervision, has faced intense scrutiny from Republican members of the Senate Banking Committee. Republicans contend that Raskin would use the Fed improperly to combat climate change. They say she has advocated having the Fed allocate capital and choke off credit to disfavored industries, such as oil and gas, although Raskin pushed back on that assertion during her confirmation hearing.

In an article published last September, Raskin suggested that financial regulators need to "reimagine their own role so that they can play their part in the broader reimagining of the economy."

"Climate change threatens financial stability; addressing it can create economic opportunity and more jobs," she wrote in a New York Times op-ed in 2020. "The decisions the Fed makes on our behalf should build toward a stronger economy with more jobs in innovative industries — not prop up and enrich dying ones."

In 2020, she said climate change is happening and that "whether or not you believe in it, it’s the Fed’s job to be mitigating the impact of exogenous shock."

...

History has not been kind to the proponents of "climate change."  Over the last five decades, their predictions of doom and gloom have not been realized.   The poles are still not ice-free and coastal cities are still not underwater.  The climate kooks have been trying to defund oil and gas production which is another reason prices for gas are so high.  Hopefully, this will kill her nomination.

See, also:

Joe Manchin Body Slams Joe Biden - Again

Comments

Post a Comment

Popular posts from this blog

Should Republicans go ahead and add Supreme Court Justices to head off Democrats

Washington Post: Some Democrats eye adding more justices to the Supreme Court to change its ideological bent The once-remote idea has gained the attention of liberals angered by the GOP push to remake the federal courts. Probably the easy way to defeat this court-packing scheme is for Trump to propose doing the same thing now.  It would lead to Democrat denunciations and claims that it would be wrong, thereby blowing up any attempt by them in the unfortunate event of Democrats winning a presidential election.
Read more

29 % of companies say they are unlikely to keep insurance after Obamacare

Conn Carroll: A new survey of 368 midsize to large companies found that 29% of them are considering terminating their active employee health care plans when Obamacare is full implemented in 2014. Only 71% of employers surveyed said they did not expect to drop their health coverage, while 20% said they did not know and 9% said they were planning to exit. The latest survey, conducted by Towers Watson, echoes an ealier survey by McKinsey & Co. finding that 30% of private-sector employers were planning to drop their employee health insurance coverage by 2014. When the Congressional Budget Office crunched Obamacare's spending numbers, they estimated that only 7% of employees currently covered by employer-sponsored plans would lose their plans. ... This means the cost of the health care fiasco will be hundreds of billions more than estimated by the CBO and Congressional Democrat. It is also clear that Obama's pledge that you could keep your health care plan if you wanted t...
Read more

Is the F-35 obsolete?

Headline USA: Pentagon Fires Back after Musk Calls Its Most Expensive Project ‘Obsolete’ 'Yeah, as I'm sure you can appreciate, Mr. Musk is, currently, a private citizen, I'm not going to make any comments about what a private citizen may have to say about the F-35....'   ... ... Drones appear to be replacing jets for many operations.  The Russia-Ukraine war is an example of that.  Drones are often hard to detect and can be used for intelligence operations as well as for attacking enemy targets.  It would not surprise me to see drones engaging other drones in combat.  They also cost much less than manned fighters.  
Read more