Publisher's Note: One of the most significant things you can do to promote Liberty is to support our mission. Please make your gift to the 2022 Independence Day Campaign today. Thank you! —Mark Alexander, Publisher

Lewis Morris / December 3, 2020

Biden’s Economic Stagnation Team

His picks to lead economic policies promise to bring back the Obama doldrums.

Joe Biden’s picks for his economic team are as sure a sign as any that he has made it Job One to undo President Donald Trump’s success in securing America’s economic recovery. This murderer’s row of big-government leftists so closely adheres to the failed economic policies of the Barack Obama years that some are already referring to the incoming Biden administration as Obama’s third term. That’s not a compliment.

At the top of the heap, Biden has named Janet Yellen as his nominee for Treasury secretary. Yellen, Federal Reserve Board chair during Obama’s second term and supposedly a “centrist,” has indicated that she supports Biden’s plans to repeal Republican tax cuts and raise the capital gains tax. These actions will reduce consumer spending, private-sector investment, and savings across the board, just like they do every single time people are allowed to keep less of their paychecks.

Oh, and Yellen favors a $2 trillion carbon tax to fight global warming. Among other things, it would raise the federal gasoline tax by 200%. The only thing it will cool off is the economic recovery.

Jared Bernstein, whose fingerprints were all over the failed 2009 “stimulus” package that led to the first of several trillion-dollar annual deficits during Obama’s presidency while doing nothing to stimulate the economy, will join the Council of Economic Advisors (CEA). Bernstein argued that his stimulus proposal would bring unemployment down to 7% by the end of 2010. He was off by three years, but he still believes similar actions will produce the desired result now.

Heading the CEA will be Cecilia Rouse, a veteran of the Clinton and Obama presidencies who places a high premium on using the economy as a lever for social change. Unlike most minorities, she is a steadfast opponent of school choice. And she supports Biden’s plans to make community college tuition-free and his immoral redistribution scheme to forgive student loan debt.

Tapped to head the National Economic Council, which coordinates White House economic policy, is Brian Deese. He’s not exactly a household name, but Deese designed the auto industry bailout in 2009. After nearly wrecking the American automotive industry, he went to work for BlackRock as global head of sustainable investing, which is essentially social engineering through economic action.

Neera Tanden has been tapped as White House budget director. A militant supporter of Hillary Clinton and staunch climate activist, Tanden is likely to be the economic engineer for Biden’s climate initiative, tightening industry regulations, enacting carbon taxes, and supporting trillions of dollars in direct federal spending on climate and other areas ripe for leftist meddling. Tanden stands little chance of being confirmed by the Senate due to her combative nature and personal insults of many Republican senators — that is if Republicans manage to hold the Senate.

A Republican Senate is just about the only thing that stands in the way of this economic hit squad and the damage it is prepared to do to the American economy. These picks embrace high government spending and high taxes, they have no concern for deficits, and they are all eager to use economic policy to force a leftist agenda on the country.

Naturally, the media seems to be just fine with what Biden has in store for the country’s finances. The Associated (with the Left) Press laughably noted that the Biden team’s years of experience has earned “plaudits from some conservatives, who note that the nominees are not a far-left group bent on strangling the economy, as President Donald Trump repeatedly warned during the 2020 campaign.” Actually, this is exactly the far-left group that Trump warned about. And it is gleeful at the opportunity to undo his work.

In the three years of the Trump administration prior to the outbreak of the China Virus, the American economy was making strides not seen in decades. Real wages were growing after being stalled at the rate of inflation since the 1970s, with much of that growth taking place in low-wage jobs. Unemployment plunged to record lows, and significant employment and wage gains were made among minorities. Consumer confidence was at an all-time high, the stock market was roaring, and investment in industrial and manufacturing sectors was reaching new highs.

The economy has shown remarkable resiliency in spite of the blows dealt by the pandemic, and it does not need to be transformed by an unworkable top-down government stimulus. What is needed are vaccines to stop the spread of the virus. Then we should go right back to the policies that brought us a strong economy in the first place. But Biden and his leftist team are not about to let a crisis go to waste. Guard your wallets.

Start a conversation using these share links:

Who We Are

The Patriot Post is a highly acclaimed weekday digest of news analysis, policy and opinion written from the heartland — as opposed to the MSM’s ubiquitous Beltway echo chambers — for grassroots leaders nationwide. More

What We Offer

On the Web

We provide solid conservative perspective on the most important issues, including analysis, opinion columns, headline summaries, memes, cartoons and much more.

Via Email

Choose our full-length Digest or our quick-reading Snapshot for a summary of important news. We also offer Cartoons & Memes on Monday and Alexander’s column on Wednesday.

Our Mission

The Patriot Post is steadfast in our mission to extend the endowment of Liberty to the next generation by advocating for individual rights and responsibilities, supporting the restoration of constitutional limits on government and the judiciary, and promoting free enterprise, national defense and traditional American values. We are a rock-solid conservative touchstone for the expanding ranks of grassroots Americans Patriots from all walks of life. Our mission and operation budgets are not financed by any political or special interest groups, and to protect our editorial integrity, we accept no advertising. We are sustained solely by you. Please support The Patriot Fund today!


“Our cause is noble; it is the cause of mankind!” —George Washington

The Patriot Post is protected speech, as enumerated in the First Amendment and enforced by the Second Amendment of the Constitution of the United States of America, in accordance with the endowed and unalienable Rights of All Mankind.

Copyright © 2022 The Patriot Post. All Rights Reserved.

The Patriot Post does not support Internet Explorer. We recommend installing the latest version of Microsoft Edge, Mozilla Firefox, or Google Chrome.