Senator Joe Manchin (D-WV) has now officially announced that he will be opposing President Biden’s latest Fed nominee, a move that could spell doom for Biden’s agenda.
As CNBC reports:
Sen. Joe Manchin, the most conservative Democrat in the Senate, said Monday that he opposes one of President Joe Biden’s nominees to the Federal Reserve, leaving her candidacy to join the central bank with the slimmest of hopes.
“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,” Manchin said in a statement.
“I have come to the conclusion that I am unable to support her nomination to serve as a member of the Federal Reserve Board,” he added. Raskin is a former Fed governor and served as the deputy Treasury secretary in the Obama administration.
Manchin’s formal opposition all but dooms Raskin’s bid to be the Fed’s next vice chair for supervision, one of the most powerful banking regulators in the world. While it’s possible Raskin could garner support from a moderate Republican, a Senate split 50-50 means anything but a unified Democratic party makes the odds of success for any presidential nominee perilous at best.
Manchin has, over the last several weeks, worked tirelessly to attempt to support the U.S. energy industry as prices have spiraled upwards due to the war in Ukraine.
Good for Manchineel!
I don’t get this guy. Change effin parties. He sat with the Republicans during the SOTU.
I guess there are still too many issues where he does not align with the Republicans. Besides, he wields a good deal more power where he’s at. He’s truly a man without a party.
No; there needs to be at least ONE voice of reason in the Democrat Party! Thus, he needs to stay where he is an uphold the Constitution THERE!
*and* uphold the Constitution….
Thank You Joe Manchin !!! Joe shows that he can vote for what’s BEST FOR THE WHOLE COUNTRY….. President Trump ALWAYS DID WHAT WAS BEST FOR •EVERYONE• IN THIS COUNTRY !!!
Great
Not that I don’t trust Democrats, (including Uncle Joe) but could there possibly be a family tie between this potential Fed nominee, and the Raskin currently sitting in the Capitol? It’d be nice to know there wouldn’t be some kind of collusion, right?
I appreciate Mr Manchin showing common sense. However, in my mind he’s still a dem.
Hope the people of WV are calling him consistently and telling him to hold the line on all the craziness coming from his party. But, I thank the gentlemen.
I love this man. He is the best example of a Conservative Democrat that operates on common sense rather than knee jerk liberal lockstep.
Are all the Republicans against her?
One would hope so!
Manchin is living proof that miracles still happen. He’s a Democrat but at least on occasion he does or says something that makes sense.
A Democrat with a BRAIN and PRINCIPLES: what a concept!
Senator Manchin thinks of this country first unlike others in his party of leftist commies who want to destroy our free nation and make it socialist. i hope he never gives in to his moronic party Go Manchin!! LETS GO BRANDON!!!
The gas prices were up from day one of the awful Biden administration and up 50% before the war in Ukraine. Quit lying.
Way to go Manchin stick with it