President Biden suffered another blow today when his top pick, Sarah Bloom Raskin, withdrew from consideration for the job of Vice Chair of Supervision for the Federal Reserve — the FED’s top banking regulator. She would have faced a rocky process to get confirmed. Indeed, opposition to her nomination was bi-partisan. Senator Manchin, a frequent opponent of Biden’s nominations and policies, announced he would be would not support the nomination. With a 50-50 Senate, that was the death blow to her nomination. As we reported earlier, Manchin said the following:
“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.”
Harsh words for the nominee. As Fox Business reports, in a letter written to Biden obtained by the New Yorker, Raskin blamed the failure of her candidacy on “special interest groups” who lobbied against her concerns that climate change policy was a pressing economic consideration for our embattled economy.
In an economy already plagued by inflation, many felt we did not need another radical pushing experimental policies. America needs tried and true solutions. Biden’s radical policies have run their course. It is time he becomes the moderate he promised to be when he ran for President. A grand unifier — not the great destroyer. Who knows if his Presidency will ever recover? But we hope Biden governs in the best interest of the American people and not the radical fringes of his own party.