Sabotage

eddiew37

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rump's economic team accused of 'sabotaging' Biden before exiting - The outgoing Trump administration doesn't have to make it harder for the Biden administration to boost the economy. But they're doing it anyway.
rump's economic team accused of 'sabotaging' Biden before exiting
The outgoing Trump administration doesn't have to make it harder for the Biden administration to boost the economy. But they're doing it anyway.


When policymakers approved the CARES Act in March, the massive federal response to the coronavirus pandemic included several emergency lending programs to prevent deeper economic losses. With the economy still struggling, common sense suggests those programs should continue in the coming months, taking advantage of money that hasn't yet been spent.
The Trump administration, however, disagrees. Earlier this week, the Federal Reserve explicitly requested that Treasury Secretary Steven Mnuchin extend the lending programs beyond Dec. 31 -- a legal option under the CARES Act -- but the cabinet secretary refused, insisting instead on pulling the plug.

As Neil Barofsky, the former special inspector general for the Troubled Asset Relief Program, explained this week, "The decision appears intended to limit the incoming Biden administration's options to deal with the continuing crisis."
Yesterday, as Bloomberg News reported, Donald Trump's outgoing economic team made matters just a little worse.
Treasury Secretary Steven Mnuchin will put $455 billion in unspent Cares Act funding into an account that his presumed successor, former Federal Reserve Chair Janet Yellen, will need authorization from Congress to use. Mnuchin plans to place the money into the agency's General Fund, a Treasury Department spokesperson said Tuesday. That fund can only be tapped with "authority based on congressionally issued legislation," according to the Treasury's website. The money includes $429 billion that Mnuchin is clawing back from the Federal Reserve -- which backed some of the central bank's emergency lending facilities -- and $26 billion that Treasury received for direct loans to companies.
If Janet Yellen is confirmed as Treasury secretary, she'll able to put just under $80 billion in the department's Exchange Stabilization Fund to bolster the economy. Were it not for Mnuchin's latest actions, Yellen would have access to a pot of resources nearly six times larger to work with.
The outgoing Treasury secretary doesn't have to do this. As Bloomberg News' report added, "Mnuchin isn't required to move the money into the General Fund -- the Cares Act states that the Treasury Department can maintain access to the money by keeping it in its Exchange Stabilization Fund until 2026."
But Trump's cabinet secretary is doing it anyway.
MSNBC's Chris Hayes yesterday described this as "flat out sabotage." Paul Krugman stressed the same point, adding that the Trump administration's move is "sabotage, pure and simple."
In case this isn't obvious, recent history shows how horribly unnecessary this is. When the Bush/Cheney administration prepared for the incoming Obama administration's arrival, then-Treasury Secretary Hank Paulson made every effort to make crisis-era resources available to the new team. When the Obama administration prepared for Donald Trump's arrival, the outgoing Democratic team made the Republican's success their "number-one priority."
But on their way out the door, Trump and his team appear a little too eager to salt the earth behind them.
We'll probably never get a straight answer, but I'd love to ask Mnuchin, "Who, exactly, told you to do this? Was it your idea, or did someone give you direction?"
 
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eddiew37

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If there was any justice these gd traitors would be in jail Starting with the moron who lost 2 popular vote
 

harmonica

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rump's economic team accused of 'sabotaging' Biden before exiting - The outgoing Trump administration doesn't have to make it harder for the Biden administration to boost the economy. But they're doing it anyway.
rump's economic team accused of 'sabotaging' Biden before exiting
The outgoing Trump administration doesn't have to make it harder for the Biden administration to boost the economy. But they're doing it anyway.


When policymakers approved the CARES Act in March, the massive federal response to the coronavirus pandemic included several emergency lending programs to prevent deeper economic losses. With the economy still struggling, common sense suggests those programs should continue in the coming months, taking advantage of money that hasn't yet been spent.
The Trump administration, however, disagrees. Earlier this week, the Federal Reserve explicitly requested that Treasury Secretary Steven Mnuchin extend the lending programs beyond Dec. 31 -- a legal option under the CARES Act -- but the cabinet secretary refused, insisting instead on pulling the plug.

As Neil Barofsky, the former special inspector general for the Troubled Asset Relief Program, explained this week, "The decision appears intended to limit the incoming Biden administration's options to deal with the continuing crisis."
Yesterday, as Bloomberg News reported, Donald Trump's outgoing economic team made matters just a little worse.
Treasury Secretary Steven Mnuchin will put $455 billion in unspent Cares Act funding into an account that his presumed successor, former Federal Reserve Chair Janet Yellen, will need authorization from Congress to use. Mnuchin plans to place the money into the agency's General Fund, a Treasury Department spokesperson said Tuesday. That fund can only be tapped with "authority based on congressionally issued legislation," according to the Treasury's website. The money includes $429 billion that Mnuchin is clawing back from the Federal Reserve -- which backed some of the central bank's emergency lending facilities -- and $26 billion that Treasury received for direct loans to companies.
If Janet Yellen is confirmed as Treasury secretary, she'll able to put just under $80 billion in the department's Exchange Stabilization Fund to bolster the economy. Were it not for Mnuchin's latest actions, Yellen would have access to a pot of resources nearly six times larger to work with.
The outgoing Treasury secretary doesn't have to do this. As Bloomberg News' report added, "Mnuchin isn't required to move the money into the General Fund -- the Cares Act states that the Treasury Department can maintain access to the money by keeping it in its Exchange Stabilization Fund until 2026."
But Trump's cabinet secretary is doing it anyway.
MSNBC's Chris Hayes yesterday described this as "flat out sabotage." Paul Krugman stressed the same point, adding that the Trump administration's move is "sabotage, pure and simple."
In case this isn't obvious, recent history shows how horribly unnecessary this is. When the Bush/Cheney administration prepared for the incoming Obama administration's arrival, then-Treasury Secretary Hank Paulson made every effort to make crisis-era resources available to the new team. When the Obama administration prepared for Donald Trump's arrival, the outgoing Democratic team made the Republican's success their "number-one priority."
But on their way out the door, Trump and his team appear a little too eager to salt the earth behind them.
We'll probably never get a straight answer, but I'd love to ask Mnuchin, "Who, exactly, told you to do this? Was it your idea, or did someone give you direction?"
just like Russian Collusion and Smollet--ACCUSED = bullshit
hahahahahahahahahah
 

WTF19

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rump's economic team accused of 'sabotaging' Biden before exiting - The outgoing Trump administration doesn't have to make it harder for the Biden administration to boost the economy. But they're doing it anyway.
rump's economic team accused of 'sabotaging' Biden before exiting
The outgoing Trump administration doesn't have to make it harder for the Biden administration to boost the economy. But they're doing it anyway.


When policymakers approved the CARES Act in March, the massive federal response to the coronavirus pandemic included several emergency lending programs to prevent deeper economic losses. With the economy still struggling, common sense suggests those programs should continue in the coming months, taking advantage of money that hasn't yet been spent.
The Trump administration, however, disagrees. Earlier this week, the Federal Reserve explicitly requested that Treasury Secretary Steven Mnuchin extend the lending programs beyond Dec. 31 -- a legal option under the CARES Act -- but the cabinet secretary refused, insisting instead on pulling the plug.

As Neil Barofsky, the former special inspector general for the Troubled Asset Relief Program, explained this week, "The decision appears intended to limit the incoming Biden administration's options to deal with the continuing crisis."
Yesterday, as Bloomberg News reported, Donald Trump's outgoing economic team made matters just a little worse.
Treasury Secretary Steven Mnuchin will put $455 billion in unspent Cares Act funding into an account that his presumed successor, former Federal Reserve Chair Janet Yellen, will need authorization from Congress to use. Mnuchin plans to place the money into the agency's General Fund, a Treasury Department spokesperson said Tuesday. That fund can only be tapped with "authority based on congressionally issued legislation," according to the Treasury's website. The money includes $429 billion that Mnuchin is clawing back from the Federal Reserve -- which backed some of the central bank's emergency lending facilities -- and $26 billion that Treasury received for direct loans to companies.
If Janet Yellen is confirmed as Treasury secretary, she'll able to put just under $80 billion in the department's Exchange Stabilization Fund to bolster the economy. Were it not for Mnuchin's latest actions, Yellen would have access to a pot of resources nearly six times larger to work with.
The outgoing Treasury secretary doesn't have to do this. As Bloomberg News' report added, "Mnuchin isn't required to move the money into the General Fund -- the Cares Act states that the Treasury Department can maintain access to the money by keeping it in its Exchange Stabilization Fund until 2026."
But Trump's cabinet secretary is doing it anyway.
MSNBC's Chris Hayes yesterday described this as "flat out sabotage." Paul Krugman stressed the same point, adding that the Trump administration's move is "sabotage, pure and simple."
In case this isn't obvious, recent history shows how horribly unnecessary this is. When the Bush/Cheney administration prepared for the incoming Obama administration's arrival, then-Treasury Secretary Hank Paulson made every effort to make crisis-era resources available to the new team. When the Obama administration prepared for Donald Trump's arrival, the outgoing Democratic team made the Republican's success their "number-one priority."
But on their way out the door, Trump and his team appear a little too eager to salt the earth behind them.
We'll probably never get a straight answer, but I'd love to ask Mnuchin, "Who, exactly, told you to do this? Was it your idea, or did someone give you direction?"
the problem with you, is you need to watch a real news network. because you only watch fake news, makes you a demonRAT asshole. and lets not forget the law breaking moves BARRAG o and beijing xiden did to your president, TRUMP. but thats ok in your fucked up head. you need to get a brain, period
 

WTF19

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If there was any justice these gd traitors would be in jail Starting with the moron who lost 2 popular vote
right. BARRAG o and beijing xiden should be locked up for treason.
 

Jimmy_Chitwood

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If there was any justice these gd traitors would be in jail Starting with the moron who lost 2 popular vote

Will you do anything beside post your rambling Chronic Clinical TDS / Trump OCD drivel?

We know better.

Will you take THE TRUMP VACCINE one YOUR POTUS and Commander-In-Chief Trump has it ready for your sweetheart?
 
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eddiew37

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And now tho POS trump will attend a fraud meeting?? Could be held in his lying cheating ass kissing WH
TDS will never go away--but Covid will
Yes never You elected an all time moron His name will go down in history as the AH who 70 million toothless ah's voted for
 
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eddiew37

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If there was any justice these gd traitors would be in jail Starting with the moron who lost 2 popular vote

Will you do anything beside post your rambling Chronic Clinical TDS / Trump OCD drivel?

We know better.

Will you take THE TRUMP VACCINE one YOUR POTUS and Commander-In-Chief Trump has it ready for your sweetheart?
Trump vaccine ?? My white Jewish ass
 

my2¢

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I agree with the assessment made in the article that it only makes the situation, 'just a little worse' for the incoming Biden administration. With the red states getting hit especially hard by COVID-19 (Ohio to the point of imposing a curfew), it won't be any trouble to get its GOP Senators to cross over and and make these funds available. I see the net affect of the action as simply taking the funds out of Trump's hands and providing them to Biden.
 

Papageorgio

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rump's economic team accused of 'sabotaging' Biden before exiting - The outgoing Trump administration doesn't have to make it harder for the Biden administration to boost the economy. But they're doing it anyway.
rump's economic team accused of 'sabotaging' Biden before exiting
The outgoing Trump administration doesn't have to make it harder for the Biden administration to boost the economy. But they're doing it anyway.


When policymakers approved the CARES Act in March, the massive federal response to the coronavirus pandemic included several emergency lending programs to prevent deeper economic losses. With the economy still struggling, common sense suggests those programs should continue in the coming months, taking advantage of money that hasn't yet been spent.
The Trump administration, however, disagrees. Earlier this week, the Federal Reserve explicitly requested that Treasury Secretary Steven Mnuchin extend the lending programs beyond Dec. 31 -- a legal option under the CARES Act -- but the cabinet secretary refused, insisting instead on pulling the plug.

As Neil Barofsky, the former special inspector general for the Troubled Asset Relief Program, explained this week, "The decision appears intended to limit the incoming Biden administration's options to deal with the continuing crisis."
Yesterday, as Bloomberg News reported, Donald Trump's outgoing economic team made matters just a little worse.
Treasury Secretary Steven Mnuchin will put $455 billion in unspent Cares Act funding into an account that his presumed successor, former Federal Reserve Chair Janet Yellen, will need authorization from Congress to use. Mnuchin plans to place the money into the agency's General Fund, a Treasury Department spokesperson said Tuesday. That fund can only be tapped with "authority based on congressionally issued legislation," according to the Treasury's website. The money includes $429 billion that Mnuchin is clawing back from the Federal Reserve -- which backed some of the central bank's emergency lending facilities -- and $26 billion that Treasury received for direct loans to companies.
If Janet Yellen is confirmed as Treasury secretary, she'll able to put just under $80 billion in the department's Exchange Stabilization Fund to bolster the economy. Were it not for Mnuchin's latest actions, Yellen would have access to a pot of resources nearly six times larger to work with.
The outgoing Treasury secretary doesn't have to do this. As Bloomberg News' report added, "Mnuchin isn't required to move the money into the General Fund -- the Cares Act states that the Treasury Department can maintain access to the money by keeping it in its Exchange Stabilization Fund until 2026."
But Trump's cabinet secretary is doing it anyway.
MSNBC's Chris Hayes yesterday described this as "flat out sabotage." Paul Krugman stressed the same point, adding that the Trump administration's move is "sabotage, pure and simple."
In case this isn't obvious, recent history shows how horribly unnecessary this is. When the Bush/Cheney administration prepared for the incoming Obama administration's arrival, then-Treasury Secretary Hank Paulson made every effort to make crisis-era resources available to the new team. When the Obama administration prepared for Donald Trump's arrival, the outgoing Democratic team made the Republican's success their "number-one priority."
But on their way out the door, Trump and his team appear a little too eager to salt the earth behind them.
We'll probably never get a straight answer, but I'd love to ask Mnuchin, "Who, exactly, told you to do this? Was it your idea, or did someone give you direction?"
Any link? Isn't that required when you post someone else's work? Are you quoting the whole article?
 

Crepitus

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If there was any justice these gd traitors would be in jail Starting with the moron who lost 2 popular vote

Will you do anything beside post your rambling Chronic Clinical TDS / Trump OCD drivel?

We know better.

Will you take THE TRUMP VACCINE one YOUR POTUS and Commander-In-Chief Trump has it ready for your sweetheart?
What tRump vaccine?

Can we really get vaccinated against tRumps?

Does it work for all tRumps or just the orange one?

Can we make it a mandatory nation wide vaccination program to ensure tRumps do not infect our nation again?
 

JimH52

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rump's economic team accused of 'sabotaging' Biden before exiting - The outgoing Trump administration doesn't have to make it harder for the Biden administration to boost the economy. But they're doing it anyway.
rump's economic team accused of 'sabotaging' Biden before exiting
The outgoing Trump administration doesn't have to make it harder for the Biden administration to boost the economy. But they're doing it anyway.


When policymakers approved the CARES Act in March, the massive federal response to the coronavirus pandemic included several emergency lending programs to prevent deeper economic losses. With the economy still struggling, common sense suggests those programs should continue in the coming months, taking advantage of money that hasn't yet been spent.
The Trump administration, however, disagrees. Earlier this week, the Federal Reserve explicitly requested that Treasury Secretary Steven Mnuchin extend the lending programs beyond Dec. 31 -- a legal option under the CARES Act -- but the cabinet secretary refused, insisting instead on pulling the plug.

As Neil Barofsky, the former special inspector general for the Troubled Asset Relief Program, explained this week, "The decision appears intended to limit the incoming Biden administration's options to deal with the continuing crisis."
Yesterday, as Bloomberg News reported, Donald Trump's outgoing economic team made matters just a little worse.
Treasury Secretary Steven Mnuchin will put $455 billion in unspent Cares Act funding into an account that his presumed successor, former Federal Reserve Chair Janet Yellen, will need authorization from Congress to use. Mnuchin plans to place the money into the agency's General Fund, a Treasury Department spokesperson said Tuesday. That fund can only be tapped with "authority based on congressionally issued legislation," according to the Treasury's website. The money includes $429 billion that Mnuchin is clawing back from the Federal Reserve -- which backed some of the central bank's emergency lending facilities -- and $26 billion that Treasury received for direct loans to companies.
If Janet Yellen is confirmed as Treasury secretary, she'll able to put just under $80 billion in the department's Exchange Stabilization Fund to bolster the economy. Were it not for Mnuchin's latest actions, Yellen would have access to a pot of resources nearly six times larger to work with.
The outgoing Treasury secretary doesn't have to do this. As Bloomberg News' report added, "Mnuchin isn't required to move the money into the General Fund -- the Cares Act states that the Treasury Department can maintain access to the money by keeping it in its Exchange Stabilization Fund until 2026."
But Trump's cabinet secretary is doing it anyway.
MSNBC's Chris Hayes yesterday described this as "flat out sabotage." Paul Krugman stressed the same point, adding that the Trump administration's move is "sabotage, pure and simple."
In case this isn't obvious, recent history shows how horribly unnecessary this is. When the Bush/Cheney administration prepared for the incoming Obama administration's arrival, then-Treasury Secretary Hank Paulson made every effort to make crisis-era resources available to the new team. When the Obama administration prepared for Donald Trump's arrival, the outgoing Democratic team made the Republican's success their "number-one priority."
But on their way out the door, Trump and his team appear a little too eager to salt the earth behind them.
We'll probably never get a straight answer, but I'd love to ask Mnuchin, "Who, exactly, told you to do this? Was it your idea, or did someone give you direction?"
Cause trump hates Americans. He is a whiny Baby who is willing to burn down the house because he lost.
 

JimH52

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If there was any justice these gd traitors would be in jail Starting with the moron who lost 2 popular vote

Will you do anything beside post your rambling Chronic Clinical TDS / Trump OCD drivel?

We know better.

Will you take THE TRUMP VACCINE one YOUR POTUS and Commander-In-Chief Trump has it ready for your sweetheart?
Trump vaccine ?? My white Jewish ass
I say we rename COVID-19 to TRUMP-20
 

Jimmy_Chitwood

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If there was any justice these gd traitors would be in jail Starting with the moron who lost 2 popular vote

Will you do anything beside post your rambling Chronic Clinical TDS / Trump OCD drivel?

We know better.

Will you take THE TRUMP VACCINE one YOUR POTUS and Commander-In-Chief Trump has it ready for your sweetheart?
Trump vaccine ?? My white Jewish ass

Thank you for following Your POTUS' orders.

PS - It doesn't have to be in your mangina.
 

Jimmy_Chitwood

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If there was any justice these gd traitors would be in jail Starting with the moron who lost 2 popular vote

Will you do anything beside post your rambling Chronic Clinical TDS / Trump OCD drivel?

We know better.

Will you take THE TRUMP VACCINE one YOUR POTUS and Commander-In-Chief Trump has it ready for your sweetheart?
What tRump vaccine?

Can we really get vaccinated against tRumps?

Does it work for all tRumps or just the orange one?

Can we make it a mandatory nation wide vaccination program to ensure tRumps do not infect our nation again?

I agree Your POTUS Trump has already saved us from one dreaded and lethal virus sugar:
HRC1-NP.jpg
 

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