Left Menu
Development News Edition

Months before election, liberal groups press Biden on picks for economic posts

Reuters | Washington DC | Updated: 24-05-2020 15:34 IST | Created: 24-05-2020 15:31 IST
Months before election, liberal groups press Biden on picks for economic posts
File photo Image Credit: Flickr

Liberal groups are pushing Joe Biden to pick tough watchdogs for U.S. economic posts ahead of the Nov. 3 election to generate broader support for the presumptive Democratic presidential nominee.

Leaders of organizations including the Revolving Door Project and Demand Progress said they expect to advance names of people they find acceptable to oversee taxes, regulation, stimulus oversight and markets should Biden defeat Republican President Donald Trump. Activists want public-minded, progressive leaders to help ensure a fair economic recovery from the coronavirus pandemic and to guard against stimulus money being wasted on what they view as corporate giveaways.

Several progressive activists said they have begun sharing personnel preferences privately with Biden campaign officials. They plan to further make their case through task forces established with Senator Bernie Sanders and other sympathetic members of Congress who support Biden. The quiet pressure campaign, still in its early stages, has engaged nearly three dozen progressive groups so far, according to conversations with the groups.

"If you're going to try to figure out how to make the economy fairer, you're going to have to put people in positions who wake up every morning with the goal of trying to make the economy fairer," said Jeff Hauser, director of the advocacy group Revolving Door Project. The former vice president has been criticized by some progressives for what they see as a cozy relationship with Wall Street. Many were alarmed that former Treasury Secretary Larry Summers is giving Biden advice because of his association with financial deregulation efforts.

Informal advisers such as economic aide Jared Bernstein, Washington Center for Equitable Growth chief Heather Boushey and former Consumer Financial Protection Bureau director Richard Cordray are viewed more favorably on the left because they focus on issues of inequality. Biden has considered announcing some Cabinet names when he makes his running mate pick.

The campaign declined to comment on specific names or conversations. A campaign adviser said Biden is at the forefront of the progressive movement and has engaged with one-time rivals, including by supporting Sanders' free higher education proposal and Senator Elizabeth Warren's plan to expand consumer bankruptcy protections. https://www.reuters.com/article/us-usa-election-bankruptcy-idUSKBN21115J

The liberal group MoveOn polled members last week and found most would be more likely to support Biden if he pledged not to appoint finance executives to his administration. The findings were shared with Biden's campaign, said MoveOn political director Chris Torres.

Warren, whom Biden is believed to be considered as a running mate https://www.reuters.com/article/us-usa-election-biden-warren/as-biden-crafts-u-s-coronavirus-response-proposals-warren-has-his-ear-idUSKBN22U2PS, or Senator Jeff Merkley could be a good fit for Treasury secretary, activists said. Other names that might pass muster with liberals for top economic jobs include former Treasury deputy secretary Sarah Bloom Raskin, Federal Reserve governor Lael Brainard and former Commodity Futures Trading Commission chairman Gary Gensler, along with economists including Joseph Stiglitz, Robert Reich, Paul Krugman, and Jeffrey Sachs, people from the progressive groups said.

A senior Democrat familiar with the selection process said it will be difficult for Biden to choose the head of a major financial institution for a senior role because it would mean provoking an unnecessary fight with progressives. The person also said it is likely too early for Biden to commit to personnel choices, given the uncertainties around which political factions he needs most by November and how the pandemic will shape policy challenges come January.

Progressives said Biden has an opportunity to show his commitment to improving the country through his choices for the economic posts. "People whose lives don't change cycle to cycle aren't necessarily motivated just to beat Trump," said Yvette Simpson, chief executive of the advocacy group Democracy For America. "Unity doesn't mean one of the parts dominates and the rest is silence."


TRENDING

OPINION / BLOG / INTERVIEW

Pride in the time of coronavirus: a welcome move online?

This year is different in many ways not least as celebrations are also taking place against the dramatic backdrop of a global health crisis and a resurgence in grassroots activism following the death of George Floyd in Minneapolis. ...

COVID-19: Weighing up the benefits and limitations of edtech platforms

Edtech companies shouldnt focus on merely pushing contents, but to provide an interactive, effective teaching and learning environment. ...

Shipping industry's COVID-19 resilience test could boost digitalization

The push towards digitalization in shipping industry was already happening and has been further accelerated by the pandemic as current practices are not tenable under present circumstances and would definitely not be in the future....

Health is pure science but why objectivity eludes WHO

We certainly need a global body to coordinate responses against health emergencies. However, this sheer need of humanity on this planet should not be milked by the World Organization WHO to overshadow constructive criticism and call for ref...

Videos

Latest News

41 injured in blast at Turkish fireworks factory

An explosion at a fireworks factory in northwestern Turkey injured at least 41 people Friday, officials and news reports said. There were an estimated 150 workers at the factory outside the town of Hendek, in Sakarya province, Governor Ceti...

DGCA extends ban on international flights till July 31

The ban on international commercial passenger flights to and from India has been extended till July 31, according to Directorate General of Civil Aviation DGCA. In partial modification of circular dated 26-06-2020, the competent authority h...

MP: Chouhan warns of law against illegal money lending

Madhya Pradesh Chief Minister Shivraj Singh Chouhan on Friday said a law will be enacted to prevent money lenders from operating without licenses in the state. Chouhan was speaking at a function organised to mark the completion of his 100 d...

Japan picks four more 'promising areas' for offshore wind power

Japans industry ministry said on Friday it has identified 10 areas as potentially suitable for development of offshore wind farms, four of which were designated promising areas, as it started a second round of the process to select operator...

Give Feedback