Biden News: Joe Biden's economic team for the restart: "Let's recover the American dream"
BidenNews: Joe Biden's economic team for the restart: "Let's recover the American dream"
A
president of Princeton, the head of a
Joe
Biden's economic team for the restart: "Let's recover the American
dream" shadow
Our Biden News Correspondent
WASHINGTON
- Progressive, almost radical score; moderate interpreters. With this political
scheme, Joe Biden will try to revive the country, upset by Covid-19. Yesterday
the president-elect officially presented the appointments of the economic team.
As expected, the hinge is Janet Yellen, 74, the first woman to be designated to
lead the Treasury. Adewale Adeyemo, 38, current president of the Obama
Foundation in Chicago, will be the first African American to fill the role of
Deputy Secretary of the Treasury. Biden has also chosen the advisers who will
work with him in the White House: Cecilia Rouse, 56, a professor at Princeton
University, will chair the Council of Economic Advisors, which will include
Heather Boushey, 50, and Jared Bernstein, 64.
Finally,
the name that could give some problems in the ratification process in the
Senate: Neera Tanden, 50, appointed to lead the Office Management and Budget,
the service that prepares the budget scheme to be presented to Congress. It is
an important but not a decisive role for the Administration. Biden News - However,
Tanden is a figure disliked by both large sections of the Republican Party and
the left-wing of the Democrats. Biden News Today - In 2016 he campaigned for Hillary
Clinton and in recent years has vehemently attacked Trump. Yesterday Drew
Brandewie, the spokesman for Republican Senator John Cornyn of Texas, tweeted:
"Tanden has zero chance of being confirmed in the Senate." For Biden,
it would be a hitch, certainly not a political disaster.
The
president yesterday had to give up the press conference because he was blocked
by the accident last Saturday: he slipped while playing with one of his dogs,
the German shepherd Major adopted in an animal shelter. The diagnosis is ready:
a couple of micro-fractures at the ankle. Biden will have to wear an orthopaedic
boot for a few weeks. Joe Biden should have time to recover for the
inauguration day, next January 20.
The
new leader, however, showed up with this tweet: "We have no time to waste
... This team will be ready from day one and will operate all the levers at the
disposal of the government to help those who have been hit hardest by Covid-19
and to rectify structural inequalities ".
Janet
Yellen, former Federal Reserve chairman, also came forward with a tweet: “We
face great challenges. To recover, we need to recover the "American
Dream", a society in which each person can reach their potential and dream
even more for their children. In my capacity as Secretary of the Treasury, I
will work every day to rebuild this dream for everyone. Some rhetoric is
perhaps inevitable at this stage. But it certainly won't solve the political
issues. Yellen should easily gain the trust of the Senate, even if controlled
by the Republicans. The "progressive" senators, Bernie Sanders and
Elizabeth Warren can only sketch. The comparison, however, will shift to
concrete measures.
Biden
and Yellen will start from a robust support plan for families, businesses, and
states most affected by the virus. As Fed chairman, Yellen had repeatedly urged
the Donald Trump administration not to build up debt to finance the tax cut. Biden
News: Now, however, the scenario has changed. The Democrats, not only the most
radical current, are calling for a massive injection of public investment in
infrastructure and current spending to cover the damage caused by the pandemic.
And patience for the debt!
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