HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » General Discussion (Forum) » 'Monstrous behavior': Mnu...

Fri Nov 20, 2020, 02:23 PM

'Monstrous behavior': Mnuchin slammed for Biden 'snub' that could sabotage US economic recovery

Treasury Secretary Steven Mnuchin was accused Friday of taking “exactly the wrong policy move right now” and sabotaging the economy for the incoming Biden administration after announcing an end-of-year cutoff to several key coronavirus relief lending programs at the Federal Reserve.

CNBC’s reporting quoted one financial expert who likened the move by Mnuchin to stripping a ship of its lifeboats when they’re most needed. The outlet explained:

Mnuchin announced Thursday that he will not extend the Federal Reserve’s emergency lending programs that used Congress’ CARES Act funds beyond Dec. 31. The move is expected to drastically reduce the central bank’s ability to shore up the financial system.

“It’s hard to find an economic rationale for it,” Carl Weinberg, chief economist at High Frequency Economics, told CNBC’s “Squawk Box Europe” on Friday.

Snip

https://www.rawstory.com/2020/11/monstrous-behavior-mnuchin-slammed-for-biden-snub-that-could-sabotage-us-economic-recovery/

3 replies, 954 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 3 replies Author Time Post
Reply 'Monstrous behavior': Mnuchin slammed for Biden 'snub' that could sabotage US economic recovery (Original post)
LiberalArkie Nov 20 OP
Beartracks Nov 20 #1
still_one Nov 20 #2
COLGATE4 Nov 20 #3

Response to LiberalArkie (Original post)

Fri Nov 20, 2020, 03:05 PM

1. They want to sabotage America so they can blame Biden for it.

On the plus side, I guess that means they really don't think their efforts to steal the election are going to pay off.

=======

Reply to this post

Back to top Alert abuse Link here Permalink


Response to LiberalArkie (Original post)

Fri Nov 20, 2020, 03:16 PM

2. When you have the Federal Reserve Chaiman Powell slamming this,, you know this is pure

revenge by trump

This program expires at the end of the year, so it is a direct attack against small businesses

I hope this is remembered in the runoffs, and in 2022



Reply to this post

Back to top Alert abuse Link here Permalink


Response to LiberalArkie (Original post)

Fri Nov 20, 2020, 03:58 PM

3. Mnuchin is another silver-spoon twit

born on 3rd base but who sincerely believes he hit a triple. He is as useless as his society-climbing trophy wife, slavishly obedient to his Fuhrer. Count on him to burn down every thing he can, shooting over his shoulder as he runs for the door.

Reply to this post

Back to top Alert abuse Link here Permalink

Reply to this thread