Now that the physical and mental infirmity of Joe Biden has been admitted to by those who tried for years to hide the obvious from Americans, speculation still runs rampant about who is really running the country. Ms. Harris likes to claim she was “shoulder to shoulder” with Mr. Biden except when it would be considered ugly not to be in lockstep. Like with Afghanistan. We may not know exactly who was running the country, but we do know from where the direction came.
Mr. Biden made a deal with the Left after securing the 2020 nomination. He really did not need to because he was the candidate of moderation. He promptly then decided to turn to the two most left-wing senators left in the U.S. Senate after selecting the one farthest Left as his V-P.
First, Biden-Harris adopted something known as MMT (Modern Monetary Theory). Biden took on Bernie Sanders’ advisor in this area, Stephanie Kelton, an economist at Stony Brook University. Ms. Kelton argues the essence of MMT, which is that because the U.S. dollar is the world reserve currency, our government can borrow limitlessly with no economic risk. Otherwise, our government does not need to worry about the debt level because it can pay interest by printing money.
Ms. Kelton and the adoption of the theory led to excessive spending beginning with the March 2021 needless $1.9 trillion bill that catapulted inflation to 9.1% and interest rates to 8%. This led to everyone’s shock when buying groceries, cars, or a home.
Elizabeth Warren’s influence on the Biden team makes Sanders’ look “minimal.” The recent appointment of Joe Donnenberg (her chief of staff) to be deputy director of the National Economic Council is simply the continuation of her coordination with Biden.
Her hand-picked ally, Rohit Chopra, now runs the Consumer Financial Protection Bureau (CFPB). This agency has control over many aspects of our economy but no control by our elected representatives after the U.S. Supreme Court ruling allowed funding through the Federal Reserve.
Then there is Bharat Ramamurti, Deputy Director of the National Economic Council (NEC), Julie Siegel who is the Treasury Deputy chief of staff, and Julie Morgan, a senior advisor at the Education Department. There is more control over the NEC with Sasha Baker, senior director of strategic planning, and Leandra English, who is the NEC Chief of Staff. Virtually all of the NEC is controlled by Lizzie Warren and her followers.
In addition, there is Adewale Adeyemo, who has worked with Warren since the formation of the CFPB and is now deputy Treasury secretary. Finally, we have Gary Gensler, recently appointed Securities and Exchange Commission chair, who is a longtime ally of Warren.
This is not necessarily a comprehensive list, but it shows that people aligned with Warren have a virtual stranglehold on the Biden-Harris administration’s economic policy. They are the people who crafted the policy that led to huge increases in debt and skyrocketing inflation.
These types of people start working for an administration then get a bigger position in the next one and end up having appointments based on their resumes like Antony Blinken as Secretary of State. That is how it is done in Washington, and we know how that has worked out.
Harris is beginning to stack her campaign (and her desired administration) with refugees from Warrenland. And they are already making an impact.
Bharat Ramamurti has been picked to be her economic advisor. Ramamurti worked as senior counsel for banking and economic policy in the Senate office of Elizabeth Warren from 2013 to 2019. When Warren ran for president in 2020, he was her economic policy director.
It is clear where he would like to direct the economy by the panned economic proposals released August 16th. The Washington Post ran a column by its lead economic writer entitled When Your Opponent Calls You a Communist, Maybe Don’t Propose Price Controls. Catherine Rampell wrote, “It’s not hard to figure out where this proposal came from.” She is correct. It came from a 2020 Warren proposed bill co-sponsored by, yes — you guessed it, Harris. The column went on to say, “At best, this would lead to shortages, black markets and hoarding.” God only knows where we would be with Harris as president and her Lizzie-infused economic team led by Ramamurti.
The Peanut Gallery on X quickly saw the proposal to provide $25,000 for the downpayment on a home as nothing less than insipid. They overwhelmingly decided all it would do would increase the price of homes by $25,000. Maybe their college education did not go completely to waste. They probably likewise figured out all that free money for colleges did the same thing to the price of a college education as it has been inflated vastly higher than core inflation for decades by the federal money infusion.
This is a classic Democrat policy sequence. Screw something up like they have with housing by restrictions, delays, and excessive fees using home builders as a piggybank and then throw more money at the problem as the perceived solution while blaming private industry.
Ilan Goldenberg, another Warrenite, has been chosen by Harris as her main liaison with the Jewish Community. Other than being an Israeli who denounced his citizenship, you would think he was a former advisor to Yasser Arafat with the positions he has taken toward Israel. Another sure sign that if Harris is elected, she will be a true antagonist toward Israel. At least Biden actually likes Israel.
That is just a sample of the Warren-infused administration we are facing if, God forbid, Harris gets elected. Whereas Biden ran as a moderate and had some prior moderate positions, Harris has always been a Leftist and would be unbridled as such after Jan. 20, 2025.
If you had any doubt who is running the Democrat party today, you don’t have to look to those rioting crowds. It is the Sanders-Warren branch of the party.