Joe Biden’s pick for Federal Reserve governor has so many bad ideas it’s mind boggling.
And what she might do to our monetary supply is only the beginning.
Because Biden’s Federal Reserve pick has a plan to completely annihilate America’s economy.
Joe Biden seems to have a thing for giving the absolute wackiest leftists control—and his latest pick is the model “progressive.”
Michigan State University economics professor Lisa Cook is up for a top job at the Federal Reserve and based on the information available, it looks like a sound money supply will be at the bottom of her priority list.
But she’d likely jump at a chance to implement one leftist fantasy that would annihilate America’s economy.
Cook is a big fan of reparations for Black Americans.
“Everybody benefited from slavery. Everybody,” Cook said in September 2020.
“So, I think that we absolutely need some sort of reckoning with that,” she added. “There are many proposals on the table to study the possibility of reparations, many economic proposals being put forward, and I think they should all be taken seriously.”
Biden himself came out in favor of “studying” reparations as an option during the last presidential campaign and House Democrats have been pushing a bill that would pay black Americans for their ancestors’ enslavement—although how that would be figured out is unclear since not all black Americans descended from slaveholders and not all had the same experience.
No doubt, Democrats would have all kinds of ideas how to spend the money for them.
If reparations wouldn’t leave America hopelessly bankrupt, Cook is also happy to jump on the climate change bandwagon to help leftist central planners gain control of the entire global population in the name of “saving” the planet.
What Cook hasn’t addressed is inflation, something we can guess every American—especially low-income minority families—care about more than almost any trendy Democrat’s pet cause.
Somehow, it doesn’t seem likely her research into how “violence against Black Americans coincided with a decline in patent filings by Black Americans” can possibly make a pound of beef more affordable in the grocery store.
Leftists are whining that, as the first black woman to be nominated for a position on the Federal Reserve Board of Governors, she’s facing racist backlash from Conservatives.
The reality is it’s on Democrats to pick sane candidates in the first place.
Political Animal News will keep you up-to-date on any new developments in this ongoing story.
