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Mon Oct 19, 2020, 08:36 AM

Scoop: Black Democrats demand minority lead Treasury under Biden

Axios

Some Black lawmakers are demanding Joe Biden tap an African American nominee to lead the Treasury, complicating prospects for establishment women like Lael Brainard, Janet Yellen and Sarah Bloom Raskin to become the first female Treasury secretary.

Why it matters: That could put high-profile Black candidates from the financial services industry in play, including Roger Ferguson, the CEO of TIAA, and Mellody Hobson, co-CEO of Ariel Investments.

The big picture: As a Biden victory looks increasingly likely, Democratic Party interest groups are looking to personnel decisions as a way to consolidate power and steer the direction of his prospective presidency.

"We all know that minorities have been mistreated historically by the fiscal policies of this country," Rep. Bennie Thompson (D-Miss.), who is spearheading the effort, told me. "There's no substitute for being in charge."

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Arrow 9 replies Author Time Post
Reply Scoop: Black Democrats demand minority lead Treasury under Biden (Original post)
brooklynite Oct 19 OP
PubliusEnigma Oct 19 #1
riversedge Oct 19 #3
Jersey Devil Oct 19 #2
CincyDem Oct 19 #4
brooklynite Oct 19 #5
NurseJackie Oct 19 #6
Wanderlust988 Oct 19 #7
Boogiemack Oct 19 #8
spanone Oct 19 #9

Response to brooklynite (Original post)

Mon Oct 19, 2020, 08:38 AM

1. Get him elected before making demands.

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Response to PubliusEnigma (Reply #1)

Mon Oct 19, 2020, 08:42 AM

3. i agree.

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Response to brooklynite (Original post)

Mon Oct 19, 2020, 08:41 AM

2. Later please

There is only one mission right now, getting Joe elected.

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Response to brooklynite (Original post)

Mon Oct 19, 2020, 08:44 AM

4. Or what? They're gonna vote for Trump and hope it all works out ok ?



For the next 15 days, there is one job - GOTV. For the following 78 days, there is one job - make sure DJT doesn't steal everything including the lighting fixtures on his way out the door.

I agree with their principle - and IIRC Biden has committed to having the most diverse cabinet in history - including the first black female VP. Let's take him at his word, trust that the two of them will take a lot of input (as usual) when the time comes...and now ain't the time.

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Response to CincyDem (Reply #4)

Mon Oct 19, 2020, 10:22 AM

5. Nothing in the story suggests they're threatening to withhold support.

It's a fact that the transition effort is beginning. It's a fact that names are being bounced around for Cabinet posts. It's a fact that people are expressing opinions about the names.

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Response to brooklynite (Reply #5)

Mon Oct 19, 2020, 10:25 AM

6. The word "demanding" is certainly one that evokes unspecified threats or consequences.

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Response to brooklynite (Original post)

Mon Oct 19, 2020, 02:43 PM

7. Why is it only white people are considered "establishment"?

What a racist article. It makes it sound like the black candidates are some sorta fringe candidates while the white candidates are mainstream establishment figures. WTH?!

Also, I'd love to see Melody Hobson! Only white men have been Treasure Secy so far.

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Response to brooklynite (Original post)

Mon Oct 19, 2020, 02:57 PM

8. I demand intensive civics lessons for all. nt

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Response to Boogiemack (Reply #8)

Mon Oct 19, 2020, 03:00 PM

9. ⇧ ⇧ ⇧ ⇧ ⇧ ⇧ ⇧ ⇧ ⇧ ⇧

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