The Joe Biden (D) portion of the Biden-Harris Presidency has decided to nominate Jerome Powell for a second term as Federal Reserve System Chairman. Lael Brainard, current member of the Fed’s Board of Governors, was in close contention for the nomination.
So…
Biden will nominate Brainard to become the vice chair of the central bank’s board of governors.
Splitting the baby, so everyone gets a participation trophy.
Typical of Progressive-Democrats.
I first posted this in 2011. I think it bears repeating today.
Today I thought I’d share some thoughts on the matter offered by other folks who are a bit more articulate than I. In the meantime, be thankful for who we are and where we are: whatever straits in which we find ourselves, we’re orders of magnitude better off than most everyone else in the world.
Now therefore I do recommend and assign Thursday the 26th day of November next to be devoted by the People of these States to the service of that great and glorious Being, who is the beneficent Author of all the good that was, that is, or that will be — That we may then all unite in rendering unto him our sincere and humble thanks — for his kind care and protection of the People of this country previous to their becoming a Nation — for the signal and manifold mercies, and the favorable interpositions of his providence, which we experienced in the course and conclusion of the late war — for the great degree of tranquility, union, and plenty, which we have since enjoyed — for the peaceable and rational manner in which we have been enabled to establish constitutions of government for our safety and happiness, and particularly the national One now lately instituted, for the civil and religious liberty with which we are blessed, and the means we have of acquiring and diffusing useful knowledge; and in general for all the great and various favors which he hath been pleased to confer upon us.
-George Washington, 3 October 1789The year that is drawing toward its close has been filled with the blessings of fruitful fields and healthful skies. To these bounties, which are so constantly enjoyed that we are prone to forget the source from which they come, others have been added which are of so extraordinary a nature that they cannot fail to penetrate and soften even the heart which is habitually insensible to the ever-watchful providence of Almighty God. … No human counsel hath devised nor hath any mortal hand worked out these great things. They are the gracious gifts of the Most High God, who, while dealing with us in anger for our sins, hath nevertheless remembered mercy.
-Abraham Lincoln, 3 October 1863We are profoundly grateful for the blessings bestowed upon us: the preservation of our freedom, so dearly bought and so highly prized; our opportunities for human welfare and happiness, so limitless in their scope; our material prosperity, so far surpassing that of earlier years; and our private spiritual blessings, so deeply cherished by all. For these we offer fervent thanks to God.
-Harry S Truman, 22 November 1950Perhaps no custom reveals our character as a Nation so clearly as our celebration of Thanksgiving Day. Rooted deeply in our Judeo-Christian heritage, the practice of offering thanksgiving underscores our unshakable belief in God as the foundation of our Nation and our firm reliance upon Him from Whom all blessings flow.
-Ronald W Reagan, 27 November 1986This Thanksgiving, as we enjoy the company of family and friends, let us gratefully turn our hearts to God, the loving Source of all Life and Liberty. Let us seek His forgiveness for our shortcomings and transgressions and renew our determination to remain a people worthy of His continued favor and protection. Acknowledging our dependence on the Almighty, obeying His Commandments, and reaching out to help those who do not share fully in this Nation’s bounty is the most heartfelt and meaningful answer we can give to the timeless appeal of the Psalmist: ‘O give thanks to the Lord for He is good: for his steadfast love endures forever.’
-George H W Bush, 14 November 1990
And then enjoy yourselves; have plain, raw fun. That’s not just allowed, it’s a Good in its own right.
And it begins with Government control of the means of financing the means of production (among other things to be financed).
The acting head of the US’s top banking regulator called for banks to be screened for climate risk as part of their periodic stress tests and said the agency’s own regulatory approach was focused on maintaining the safety and soundness of the financial system.
“Banks face all sorts of risks everyday—credit risk, market risk, liquidity risk,” said Michael Hsu, acting comptroller of the currency. “What’s emerging now is that climate change is going to be impacting a number of those risks in different ways, and we need banks to prepare for that.”
This is nonsense. The risk that banks must be able to manage, in this venue, is the risk involved in Government reaction to the “climate change,” whether global warming is real or not.
Hsu’s attempt has nothing to do with the safety and soundness of our nation’s financial system; it has everything to do with an attempt to increase Government control of our nation’s financial system.
While using the subject of reparations and the claimed need for them, as his tool, Congressman Jamaal Bowman (D, NY) said the truth out loud.
When you analyze the landscape of the country, and when you see the leaders of our corporations, the CEOs, the majority of the presidents of this country, and when you look at who in this nation has wealth and power and influence and it doesn’t represent you, that is a trauma in and of itself[.]
This has nothing to do with reparations, whether or not such a thing is warranted based on events of more than 160 years—six and seven and more generations—ago. This, Bowman made crystalline, is all about jealousy of success and all about capping those successful, taking what they’ve earned away from them and giving it to others for no reason but those others aren’t as rich.
This call for redistribution also calls those who aren’t jealous of the wealthy’s success liars for their insistence that they aren’t jealous, that they aspire to become wealthy, also.
This call for redistribution also denies those who aren’t wealthy their opportunity to achieve their own wealth—they’ll only be capped in their turn.
This call for redistribution only concerns the Progressive-Democrats’ drive to “fundamentally change America,” to turn our nation into a socialist State.
One other thing: listen to Bowman’s (who’s black, which matters only in this context) phrasing.
intergenerational trauma that our people have experienced…. …form a commission to study the impact of these traumas on our people.
Our people. Not “Americans.” Not “the American people.” Bowman doesn’t even consider 10s of millions of Americans actually to be Americans. He’s segregating them out from America. That’s the Progressive-Democrats’ racist identity politics in action.
…for those who would die to defend us and our liberties and rights and duties, including the Left’s right to be dangerously stupid, is reaching into our military.
US Army servicemembers who refuse to receive the COVID-19 vaccine…will be barred from “reenlistment, reassignment, promotion, appearance before a semi-centralized promotion board, issuance of awards and decorations,” and other policies, Army Secretary Christine Wormuth said in a memo this week.
Soldiers who continue to refuse vaccinate will ultimately face discharge from the Army. Both the US Navy and the US Marine Corps have implemented similar policies.
This is a truly appalling position to inflict on our soldiers, sailors, airmen, and marines, and it’s a direct threat to our national security.