Janet Yellen testifies during a Joint Economic Committee on Economy Hearing on Capitol Hill on Nov. 29, 2017. | Zach Gibson/Getty ImagesProgressive groups celebrated President-elect Joe Biden’s choice of Janet Yellen for Treasury secretary, lauding her as an open-minded professional willing to take on Wall Street.Activist groups are hopeful that their views will get a hearing from Yellen, but there are key areas — pandemic relief, trade, financial regulations.
Looming large is the legacy of President Barack Obama, whose efforts to help vulnerable communities in the wake of the subprime mortgage crisis fell far short of what progressive groups wanted, and millions of families ultimately faced foreclosure. Given that Yellen has spent most of her career focused on labor markets and monetary economics, many other progressives aren’t sure what to expect from her. But they note her willingness when she was Fed chair to engage with the Fed Up coalition, a leftist group that opposed the interest rate hikes under her watch. That relationship helped shift the central bank’s stance toward inflation, where it will now be slower to raise borrowing costs that are a burden to many ordinary Americans.
She also led a 1998 report as chief economist under President Bill Clinton, which argued that free trade generally didn’t trigger job losses, but instead led to a reallocation of workers to better jobs. She also met with the AFL-CIO four times, including a discussion with the labor union federation early on in her tenure. That suggests she’ll have an open door to progressives, he said.
“Treasury has a lot of authority in how it collects debts owed to the federal government, and I think it could do that administratively,” she said.
Rouse, Bernstein, Adeyemo good picks. Risk of not spending more on Covid greater than spending. Powell: not spending 'imperils recovery, ups unemployment 2 Depression level, lengthens weakness. 2008-9 Great Recession bailout cost $634B, got back $755B.
Risk of not spending greater than spending. Powell: not spending 'imperils recovery, ups unemployment 2 Depression level, lengthens weakness. 2008-9 Great Recession bailout cost $634B, got back $755B.
Balance. It’s usually a good thing.
29/11/2020 | SÉRIE O ARREBATAMENTO DA IGREJA - OS PROFETAS ANTIGOS DO SENHOR ChurchThatEnters “Arrependam-se, pois o reino dos céus está próximo”. Mateus 3:2
who cares?
Or they could have a real conversation and come to terms with reality and solutions
She will think twice anout ignoring the Progressive agenda.
29/11/2020 | SÉRIE O ARREBATAMENTO DA IGREJA - OS PROFETAS ANTIGOS DO SENHOR ChurchThatEnters
29/11/2020 | SÉRIE O ARREBATAMENTO DA IGREJA - OS PROFETAS ANTIGOS DO SENHOR ChurchThatEnters
Lol.
Given that Politico has spent most of their publications focused on creating meaningless anti-Biden narratives and pro-Trump articles, many progressive readers aren't sure if there's any point considering Politico as a reputable source of news
It is best for Yellen to meet the the Squad and convince them that she is what the doctor ordered,if she really wants the job so badly !
If she wipes out Trump’s gains there will be consequences.
3
One thing for sure, she can't be worse than Trump secretary Mnuchin
She will deal with items on their practical levels,not upon whims and pressures.
And she is supposed to be the “progressive” representation in the administration 🤣
Yellen’s job is to stabilize the economy from the fiscal side. She isn’t going to pander to groups
We will see
simple
Dumb people with money are dangerous.
Boo
Are Denmark's new 'dowry' concerns an excuse to crack down on Muslims? StopIslamophobia WarOnIslam ThisIsEurope
This tweet could be about anyone really.
MOTIVATION FRIDAYS
Dems in disarray. Yawn
Genocide Alert: Right now the NobelPeacePrize laureates AbiyAhmedAli is mascaraing 500,000 people of Mekelle of Tigray using surgical airstrikes and artilleries mercilessly . TigrayGenocide WarOnTigray R2PTigray UN UNReliefChief CharlottePetriG mbachelet
Ahh yes, the lady that is worth millions will surely help the little guy in America. Welcome corporatocracy at its finest.
The goal is to unify and define mutual goals. Together we will overcome and succeed. Choose hope.
She's fair minded, brilliant and knows the job inside out. Leave her alone.
27/11/2020 | VIGÍLIA DE AVIVAMENTO | SÉRIE O ARREBATAMENTO DA IGREJA MegaWordVigil
MegaWordVigil
Reasoning and common sense will hopefully occur and result in acceptable solutions. We need this approach now, perhaps more than at any other time in OUR nation's history. This would be good internationally as well.
Getting back on track is the first priority. It will take hard work. Convincing more people to support improving our government will also take hard work. Let's keep on working. =
is an activist group.
Yes, it’s not shocking that Biden didn’t choose a radical to be Secretary of the Treasury.
The media and corporate libs actually think that Progressives = identity politics. Everything Biden has done so far has been nothing but spitting in the face of Progressives. When Trump is gone, the media and the Establishment Democrats are going to declare war on Progressives.
programs readers to believe Wall Street is the enemy.
You misspelled former Vice President Joe Biden, again...
Liberals can’t like Yellen. She’s simply not extreme enough.
She's very clear that we are on an unsustainable debt path. Trump is leaving the country as a really big workout situation. She'll be well-positioned to convince the Fed to write down their government debt. We can't keep climbing from over 100% of GDP.
all Politico does is try to stir stuff up ALL THE TIME.............time for Politico to GO
Activists gonna shoot themselves in the foot and help far right Republicans in 2024. Both extremes of left and right act like they are not in a democracy and wage in effect holy wars hoping to destroy the other and have THEIR utopia. Trump 74 mil Bid 80 mil. So not possible eh?
Well the voters didn’t want them in charge so why should they expect to be?
willing to take on Wall Street.
POLITICO: Please, dear god don't let the party last.
Everyone ignoring that the FedRes and Wall Street are BFFs?
BIDEN LOST DUE TO CHEATING FROM THE DEMOCRATS
Progressive no longer means anything.
If the Dems don’t take the Senate...VERY LITTLE will get done with McConnell in charge!!
Dumb fockk Progressives CreepyJoe ain't callin me shots. His mind is scrambled. Foovckkerrs
Barr Clinton
The Biden shitshow has already begun. Without cheating, Democrats could never do this kind of ridiculous nonsense.
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