• This is a political forum that is non-biased/non-partisan and treats every person's position on topics equally. This debate forum is not aligned to any political party. In today's politics, many ideas are split between and even within all the political parties. Often we find ourselves agreeing on one platform but some topics break our mold. We are here to discuss them in a civil political debate. If this is your first visit to our political forums, be sure to check out the RULES. Registering for debate politics is necessary before posting. Register today to participate - it's free!

Manchin to oppose Biden Fed pick over climate stances

NatMorton

Suspended
DP Veteran
Joined
Oct 15, 2020
Messages
26,556
Reaction score
13,015
Location
Greater Boston Area
Gender
Male
Political Leaning
Conservative
Sen. Joe Manchin (D-W.Va.) said Monday that he will not vote to confirm President Biden's pick for a powerful position on the Federal Reserve Board over her criticism of the fossil fuel industry.

In a Monday statement, Manchin said he opposes Biden's nomination of Sarah Bloom Raskin to serve as the Fed's vice chair of supervision because of his "concerns about the critical importance of financing an all-of-the-above energy policy to meet our nation’s critical energy needs."

Raskin, a former Fed governor and Treasury Department deputy secretary, urged financial regulators and banks to pay closer attention to climate-related financial risks for years before Biden chose her to be the Fed's regulatory chief. She had also warned against making investments in fossil fuel projects and companies, noting the environmental risks and financial volatility within the sector, and opposed the Fed giving emergency loans to fossil fuel companies during the height of the coronavirus pandemic.


While Raskin said throughout her confirmation hearing that she would not use the Fed to steer funding away from oil and gas production, Manchin said the views on energy-related financial matters will cost her his support.
Source: https://thehill.com/policy/finance/598098-manchin-to-oppose-biden-fed-pick-over-climate-stances


Thank goodness for Joe Manchin. The nation would be in a far worse place over this last year without him.
 
  • Like
Reactions: PoS

PoS

Minister of Love
DP Veteran
Joined
Feb 24, 2014
Messages
28,915
Reaction score
22,485
Location
Oceania
Gender
Male
Political Leaning
Libertarian
If the Dems ever nominate Manchin for POTUS, I might just vote for him. The man is awesome. (y)
 

NatMorton

Suspended
DP Veteran
Joined
Oct 15, 2020
Messages
26,556
Reaction score
13,015
Location
Greater Boston Area
Gender
Male
Political Leaning
Conservative
If the Dems ever nominate Manchin for POTUS, I might just vote for him. The man is awesome. (y)
If it's Trump and Biden again in '24 Manchin just may be my write-in candidate.
 

Gateman_Wen

Official disruptive influence
Supporting Member
DP Veteran
Joined
Dec 27, 2017
Messages
17,244
Reaction score
17,717
Location
Middle of it all
Gender
Male
Political Leaning
Other

ataraxia

DP Veteran
Joined
Nov 18, 2016
Messages
36,422
Reaction score
16,177
Gender
Male
Political Leaning
Liberal
The only Democratic climate denier.

What a whack-job.

His state of WV is all about coal. I don't think he really doesn't believe in climate change. It's just that if he shows any sympathy for the other side on this issue he will be out on his ear.
 

Cope

DP Veteran
Joined
Jan 13, 2021
Messages
7,559
Reaction score
1,588
Location
Dripping Springs, Texas
Gender
Male
Political Leaning
Centrist
His state of WV is all about coal. I don't think he really doesn't believe in climate change. It's just that if he shows any sympathy for the other side on this issue he will be out on his ear.
So he is a realist.
 

ataraxia

DP Veteran
Joined
Nov 18, 2016
Messages
36,422
Reaction score
16,177
Gender
Male
Political Leaning
Liberal
So he is a realist.

Well, more like a cynic. Some realist politicians still believe in and stand up for facts and science over popular opinion.
 

Dans La Lune

New Killer Star
DP Veteran
Joined
Aug 30, 2019
Messages
7,792
Reaction score
4,771
Location
One Night in Bangkok
Gender
Male
Political Leaning
Socialist
Dems should throw him out of the party, but Democrats are cowards, and half of them agree with Manchin.
 
Top Bottom