“Treasury Secretary Steven Mnuchin was one of the heroes of the coronavirus crisis, working with Fed Chair Jay Powell to give the central bank the ammunition to fight the virus-provoked recession. Now, he's trying to take that ammunition away, Axios chief financial correspondent Felix Salmon writes.

Mnuchin said yesterday he won't extend several emergency loan programs that were part of the massive CARES Act virus rescue package.
Treasury is attempting to force those programs to expire at the end of the year, just weeks before President-elect Biden takes office.
Why it matters: If Mnuchin were successful, he'd effectively disarm the Fed, creating a lot more economic downside for Biden.” Axios



Edited 1 time(s). Last edit at 11/20/2020 06:07AM by samintx.

They truly are a criminal organization.

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Saint Cloud, Minnesota, where the weather is wonderful even when it isn't.

Right now the administration’s top priority is to hand Joe Biden the biggest, most flaming, toxic, failing dumpster of a country as they can.

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rj
AKA
Vreemac, Moth of the Future

They want to tie Biden's hands economically and go into austere mode. Again. Gotta protect the tax cuts and tax breaks for the wealthy and big corporations. Tell the rest of the country it's the democrats fault. Liberals with their hands out wanting free money.

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Pam
They want to tie Biden's hands economically and go into austere mode. Again. Gotta protect the tax cuts and tax breaks for the wealthy and big corporations. Tell the rest of the country it's the democrats fault. Liberals with their hands out wanting free money.

Which is why, if we win both GA seats, we can at least repeal the tax cuts via reconciliation with 51 votes.

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rj
AKA
Vreemac, Moth of the Future

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rjmacs

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Pam
They want to tie Biden's hands economically and go into austere mode. Again. Gotta protect the tax cuts and tax breaks for the wealthy and big corporations. Tell the rest of the country it's the democrats fault. Liberals with their hands out wanting free money.

Which is why, if we win both GA seats, we can at least repeal the tax cuts via reconciliation with 51 votes.

I wish. Somehow I doubt we will win either seat.

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Pam

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rjmacs

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Pam
They want to tie Biden's hands economically and go into austere mode. Again. Gotta protect the tax cuts and tax breaks for the wealthy and big corporations. Tell the rest of the country it's the democrats fault. Liberals with their hands out wanting free money.

Which is why, if we win both GA seats, we can at least repeal the tax cuts via reconciliation with 51 votes.

I wish. Somehow I doubt we will win either seat.

Georgia didn't turn blue, Georgia turned against trump.

Plus, Joe Manchin, WV is not at all a reliable vote

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Don C
Plus, Joe Manchin, WV is not at all a reliable vote

He voted against the tax cuts, though.

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rj
AKA
Vreemac, Moth of the Future

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rjmacs

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Don C
Plus, Joe Manchin, WV is not at all a reliable vote

He voted against the tax cuts, though.

Let me think what that means.

Should the unthinkable happen and Georgia toss out it's two incumbents, we'd have a statistical tie with guys like Manchin then in charge.

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RgrF

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rjmacs

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Don C
Plus, Joe Manchin, WV is not at all a reliable vote

He voted against the tax cuts, though.

Let me think what that means.

Should the unthinkable happen and Georgia toss out it's two incumbents, we'd have a statistical tie with guys like Manchin then in charge.

I think it's just a tie. And the swing votes have always had outsized sway in the Senate. I'm just saying that I don't think there's any reason to think Joe Manchin would not support repealing Sweet Potato Saddam's tax cuts.

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rj
AKA
Vreemac, Moth of the Future

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rjmacs

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RgrF

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rjmacs

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Don C
Plus, Joe Manchin, WV is not at all a reliable vote

He voted against the tax cuts, though.

Let me think what that means.

Should the unthinkable happen and Georgia toss out it's two incumbents, we'd have a statistical tie with guys like Manchin then in charge.

I think it's just a tie. And the swing votes have always had outsized sway in the Senate. I'm just saying that I don't think there's any reason to think Joe Manchin would not support repealing Sweet Potato Saddam's tax cuts.

So you expect Manchin will change stripes and not use that newfound swing vote power in his own interest?

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RgrF

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rjmacs

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RgrF

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rjmacs

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Don C
Plus, Joe Manchin, WV is not at all a reliable vote

He voted against the tax cuts, though.

Let me think what that means.

Should the unthinkable happen and Georgia toss out it's two incumbents, we'd have a statistical tie with guys like Manchin then in charge.

I think it's just a tie. And the swing votes have always had outsized sway in the Senate. I'm just saying that I don't think there's any reason to think Joe Manchin would not support repealing Sweet Potato Saddam's tax cuts.

So you expect Manchin will change stripes and not use that newfound swing vote power in his own interest?

How is it in his interest now to keep deeply unpopular and inequitable tax cuts that he opposed in 2017?

Will he twist Chuck Schumer's arm to get a new tax bill he likes, one that is less progressive than other Democrats want? Sure, but again - that's nothing new.

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rj
AKA
Vreemac, Moth of the Future

You seem to know what he thinks. I don't.

This is all irrelevant anyway since the odds of Georgia electing two Dems is somewhere near the odds of the Jets winning the Super Bowl.

Moscow Mitch plans the same thing.

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RgrF
You seem to know what he thinks. I don't.

I don't understand. You seem convinced he will be the reason we can't repeal the tax cuts with a 1 vote margin. I'm just going on past performance; I don't know what he thinks.

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rj
AKA
Vreemac, Moth of the Future

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RgrF
You seem to know what he thinks. I don't.

This is all irrelevant anyway since the odds of Georgia electing two Dems is somewhere near the odds of the Jets winning the Super Bowl.

They did win the Super Bowl! Albeit quite a while ago.

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=wr=

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wave rider

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RgrF
You seem to know what he thinks. I don't.

This is all irrelevant anyway since the odds of Georgia electing two Dems is somewhere near the odds of the Jets winning the Super Bowl.

They did win the Super Bowl! Albeit quite a while ago.

Not sure Joe Namath would still be eligible or even alive after the first hit. Have they won a SB since then?

They have not, ye of little faith.

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rj
AKA
Vreemac, Moth of the Future

Uh oh, a Jets fan among us -- sorrta' explains the air of desperation that at times hangs over this place.