OMG Elizabeth Warren for Treasury Secretary ?

[DrLove]

She won't be at Treasury.

She can go to HHS.

Why would she want that? She wants Treasury, and if the Senate majority is cushy enough she should get it. Biden will have to make concessions to the Bernie wing, and this is one of them.

One thing is certain. President Biden won't hire incompetent, unqualified stooges.

 

[colfax_m]

Oh good god, please noooooooooooooooooooo!!!

Elizabeth Warren could face hurdles to a potential Biden Cabinet position

Elizabeth Warren reportedly intends to make her pitch as treasury secretary in a Biden administration — but the Massachusetts senator’s dreams may be dashed if Republicans retain control of the U.S. Senate, or if Democrats need her to maintain a slim majority.

Elizabeth Warren could face hurdles to a potential Biden Cabinet position

Warren has spent a career working to help average Americans. Mnuchin was born to privilege and has been working to enrich himself and his pals at the cost of the working class.

The difference is huge.

 

[Winston]

Oh good god, please noooooooooooooooooooo!!!

Elizabeth Warren could face hurdles to a potential Biden Cabinet position

Elizabeth Warren reportedly intends to make her pitch as treasury secretary in a Biden administration — but the Massachusetts senator’s dreams may be dashed if Republicans retain control of the U.S. Senate, or if Democrats need her to maintain a slim majority.

Elizabeth Warren could face hurdles to a potential Biden Cabinet position

Elizabeth Warren would make a great Treasury Secretary. But I would not hold my breath. Warren is one of the few members of Congress that understands the real problem with our current economy. The reason wages continue to show little growth, the reason millions of Americans remain in poverty while the uber wealthy continue to see immense gains, rests on one simple economic force, rent-seeking.

Our very system, from the corporate tax cut to the differing treatment of earned and unearned income, both encourages and facilitates rent-seeking. Warren is intuitively aware of this, and she understands the steps necessary to curtail the immense amount of rent-seeking that is siphoning off huge amounts of wealth and destroying innovation. Which is probably why she will not be the Secretary of the Treasury.

The classic example of rent-seeking behavior is political donations by corporations. The first step to curtailing rent seeking is to eliminate the gravy train that is fueling the political process. Fat chance our representatives are going to be willing to do that.

But let me close out by pointing to a real example of just how effectively the powers that be have not only established rent-seeking, but through the use of real propaganda, the kind Aldous Huxley warned against, have indoctrinated the public to accept this rent seeking willingly. What is a free market? What is the free market free of? If you google it, if you are in a business school where they make you read the terrible screed of Ayn Rand, you will instantly say it is an economy free from government control. That was not how Adam Smith defined a free market. A free market is free from RENT SEEKING. When we finally realize this, and finally take the steps to rein in rent seeking in our current economy, the frontier curve will begin to expand, poverty will be curtailed, and incomes will start increasing along with productivity. But it is a battle that few Americans understand, and even fewer are willing to fight. Elizabeth Warren is one of those few.

Who the hell is Adam Smith and why should anyone give what he says any credence at all?

Adam Smith is a LGBTQ demonstrator against Chick Fil A that became a Liberal Hero several years ago.

So, a social justice warrior who thinks that speech is free only for them and that corporate America should exist ONLY to fill the coffers of government for social justice programs.

Got it.

Wow, you really have no clue.

"The subjects of every state ought to contribute towards the support of the government, as nearly as possible, in proportion to their respective abilities; that is, in proportion to the revenue which they respectively enjoy under the protection of the state."

That sound like what you said, because that comes directly from the Wealth of Nations. For Smith, taxes should be paid by the people. And I am quite sure he did not believe that "corporations" were people, despite that they are legally considered such under our current dysfunctional system. Ideally, there would be no corporate taxes. Xenophon believed all taxes should be collected through tariffs and duties, which was how this nation initially funded the government. But the purpose of corporate taxes is not to collect revenue, it is a means of behavior modification, encouraging corporations to invest to extend the frontier curve, which I am quite sure you have no idea what the frontier curve is. Ironically, those corporate taxes are a means of the government subsidizing investment for the purpose of extending the frontier curve, and since I have forgot more about economics than you will ever know, I doubt you can ever come to understanding that reality. Suffice it to say, corporate taxes have nothing to do with funding a social welfare state. And, just to blow your mind, there is good economic reasons to provide social welfare. It improves economic efficiency and facilitates demand. But that is so far over your tiny head that it would be a waste of my time to enlighten you.

 

[Winston]

She won't be at Treasury.

She can go to HHS.

Why would she want that? She wants Treasury, and if the Senate majority is cushy enough she should get it. Biden will have to make concessions to the Bernie wing, and this is one of them.

Marxist, Keynesian, Classical. I am "classical", to the core. You could not possibly understand what that means.

 

[Toddsterpatriot]

Oh good god, please noooooooooooooooooooo!!!

Elizabeth Warren could face hurdles to a potential Biden Cabinet position

Elizabeth Warren reportedly intends to make her pitch as treasury secretary in a Biden administration — but the Massachusetts senator’s dreams may be dashed if Republicans retain control of the U.S. Senate, or if Democrats need her to maintain a slim majority.

Elizabeth Warren could face hurdles to a potential Biden Cabinet position

Elizabeth Warren would make a great Treasury Secretary. But I would not hold my breath. Warren is one of the few members of Congress that understands the real problem with our current economy. The reason wages continue to show little growth, the reason millions of Americans remain in poverty while the uber wealthy continue to see immense gains, rests on one simple economic force, rent-seeking.

Our very system, from the corporate tax cut to the differing treatment of earned and unearned income, both encourages and facilitates rent-seeking. Warren is intuitively aware of this, and she understands the steps necessary to curtail the immense amount of rent-seeking that is siphoning off huge amounts of wealth and destroying innovation. Which is probably why she will not be the Secretary of the Treasury.

The classic example of rent-seeking behavior is political donations by corporations. The first step to curtailing rent seeking is to eliminate the gravy train that is fueling the political process. Fat chance our representatives are going to be willing to do that.

But let me close out by pointing to a real example of just how effectively the powers that be have not only established rent-seeking, but through the use of real propaganda, the kind Aldous Huxley warned against, have indoctrinated the public to accept this rent seeking willingly. What is a free market? What is the free market free of? If you google it, if you are in a business school where they make you read the terrible screed of Ayn Rand, you will instantly say it is an economy free from government control. That was not how Adam Smith defined a free market. A free market is free from RENT SEEKING. When we finally realize this, and finally take the steps to rein in rent seeking in our current economy, the frontier curve will begin to expand, poverty will be curtailed, and incomes will start increasing along with productivity. But it is a battle that few Americans understand, and even fewer are willing to fight. Elizabeth Warren is one of those few.

A free market is free from RENT SEEKING.

But then what will Democrats do?

 

[conserveguy877]

The fake Pocahontas is the true all talk no action.

 

[Synthaholic]

She won't be at Treasury.

She can go to HHS.

Why would she want that? She wants Treasury, and if the Senate majority is cushy enough she should get it. Biden will have to make concessions to the Bernie wing, and this is one of them.

Marxist, Keynesian, Classical. I am "classical", to the core. You could not possibly understand what that means.

I think you replied to the wrong person, Winston.

 

[rightwinger]

She would make a great Treasury Secretary

Why?

Because she has studied or economic system for decades and has been a strong voice on the excesses of capitalism. She understands the need for balance

 

[Devils_Advocate]

Oh good god, please noooooooooooooooooooo!!!

Elizabeth Warren could face hurdles to a potential Biden Cabinet position

Elizabeth Warren reportedly intends to make her pitch as treasury secretary in a Biden administration — but the Massachusetts senator’s dreams may be dashed if Republicans retain control of the U.S. Senate, or if Democrats need her to maintain a slim majority.

Elizabeth Warren could face hurdles to a potential Biden Cabinet position

It will be like the 1970’s during the Peanut Farmer four years...

I hope! Better than the incompetent moron we have now.

You hope for high inflation and people struggling even more?

Were you even born when Carter was President and if not you shouldn’t discuss matters you never lived through!

 

[sartre play]

lets wait till the election is over before we start fighting about new position's that may or not happen, we have grown use to the constant fired or resigned changes from this administration. lets not start working towards chaos to soon.

 

[Flash]

Give a Communist the keys to the Treasury, what could possibly go wrong?

 

[MisterBeale]

Sure. . . what the hell. Let's make AOC secretary of commerce while we are at it.

 

[wamose]

They can't make her treasury secretary. She has no wumpum sense. Her great great great grandfather Chief PaPa Two Shoe was the dummy that sold Manhattan for a couple strings of beads. Heap big bad seed.

 

[Flash]

 

[Polishprince]

Oh good god, please noooooooooooooooooooo!!!

Elizabeth Warren could face hurdles to a potential Biden Cabinet position

Elizabeth Warren reportedly intends to make her pitch as treasury secretary in a Biden administration — but the Massachusetts senator’s dreams may be dashed if Republicans retain control of the U.S. Senate, or if Democrats need her to maintain a slim majority.

Elizabeth Warren could face hurdles to a potential Biden Cabinet position

It will be like the 1970’s during the Peanut Farmer four years...

I hope! Better than the incompetent moron we have now.

The Jimmy Carter regime was a catastrophe- the Steel Collapse started with Infamous Black Monday in 1977 and went downhill from there. Crushing unemployment, 15% mortgages, mile long lines to buy gasoline, tremendously high rates of inflation, not to mention international humiliation in Teheran.

There was a reason why I bet $50 on Reagan to schlong Carter in 1980, and it wasn't because the Carter years were tremendous.

But you're right. Electing Biden would be like the Carter years on steroids and libs would be pleased.

 

[Jimmy_Chitwood]

She would make a great Treasury Secretary but no way is Biden going to allow a Republican Governor in Massachusetts to replace her

WYEHO?

 

[JackOfNoTrades]

Biden is not going to be elected- take it to the bank

Victory lap. How'd that work out??

 

[g5000]

Biden is not going to be elected- take it to the bank

Your bank went bust.

 

[marvin martian]

Oh good god, please noooooooooooooooooooo!!!

Elizabeth Warren could face hurdles to a potential Biden Cabinet position

Elizabeth Warren reportedly intends to make her pitch as treasury secretary in a Biden administration — but the Massachusetts senator’s dreams may be dashed if Republicans retain control of the U.S. Senate, or if Democrats need her to maintain a slim majority.

Elizabeth Warren could face hurdles to a potential Biden Cabinet position

Oh Lord. Interest rates at 24%. The whole country will be like a payday loan store.