Last Call For The Manchin On The Hill, Con't

President Joe Manchin has all but killed another Fed nominee, and it's back to the drawing board for Biden and company.

 

Sen. Joe Manchin, the most conservative Democrat in the Senate, said Monday that he opposes one of President Joe Biden's nominees to the Federal Reserve, leaving her candidacy to join the central bank with the slimmest of hopes.

"I have carefully reviewed Sarah Bloom Raskin's qualifications and previous public statements. Her previous public statements have failed to satisfactorily address my concerns about the critical importance of financing an all-of-the-above energy policy to meet our nation's critical energy needs," Manchin said in a statement.

"I have come to the conclusion that I am unable to support her nomination to serve as a member of the Federal Reserve Board," he added.

Manchin's formal opposition all but dooms Raskin's bid to be the Fed's next vice chair for supervision, one of the most powerful banking regulators in the world. While it's possible Raskin could garner support from a moderate Republican, a Senate split 50-50 means anything but a unified Democratic party makes the odds of success for any presidential nominee perilous at best.

"Sarah Bloom Raskin is one of the most qualified people to have ever been nominated for the Federal Reserve Board of Governors," a White House spokesperson told CNBC. "She has earned widespread support in the face of an unprecedented, baseless campaign led by oil and gas companies that sought to tarnish her distinguished career. We are working to line up the bipartisan support that she deserves, so that she can be confirmed by the Senate for this important position. "

Manchin, who last week said that his own party should advance Biden's four other Fed nominees without Raskin, has for weeks worked to support the U.S. energy industry as the prices of oil and gasoline climb thanks to Russia's invasion of Ukraine.

Biden has also nominated Jerome Powell to a second term as Fed chair, Lael Brainard as vice chair, and Lisa Cook and Philip Jefferson as Fed governors.

 

Manchin is killing Raskin's nomination over her remarks that the US and the world will continue to have unstable economies as oil gets more expensive and climate change continues to wreck the planet. This is "too political" for her to be on the Fed, according to Manchin, and basically ever other Republican will go along with this.

It's possible that Romney or Collins might save this nomination, but not likely. Lisa Murkowski of Alaska certainly won't.

Joe Manchin continues to know when and how to hurt Biden, and he's done so expertly for the last 13 months.

Our Little White Supremacist Domestic Terrorism Problem, Con't

A week after I told you GOP Reps. Marjorie Taylor Greene and Paul Gosar would get away with being featured speakers at last month's white supremacist domestic terrorism conference put together by known domestic terrorist Nick Fuentes, it seems that Ukraine has given the both of them cover to completely ditch what should be a career-ending scandal. Steve Benen:

For a brief moment, it appeared Republican Reps. Marjorie Taylor Greene and Paul Gosar had pushed their luck. The pair were already recognized as two of Congress’ most radical members, but when they appeared at a white nationalist event nine days ago, it created a challenge for GOP leaders: Was the party prepared to do something?

A week ago this morning, the possibility of action seemed almost plausible. House Minority Leader Kevin McCarthy told CNN and Punchbowl News that it was “appalling and wrong” for Gosar and Greene to attend the America First Political Action Conference (AFPAC).

“There’s no place in our party for any of this,” the House GOP leader said. “The party should not be associated any time, any place with somebody who is anti-Semitic.... This is unacceptable.” McCarthy added that he planned to discuss the “appalling“ matter with the right-wing duo.

 

Of course, your readers knew this was laughably wishful thinking.

A week later, there’s reason to believe Republican leaders are prepared to accept that which they saw as unacceptable. Politico reported this morning:

It’s not yet clear when Kevin McCarthy will have his promised conversation with two divisive House conservatives who spoke at a white nationalist event — and whenever he does, the talk likely won’t amount to much.... McCarthy’s office confirmed to POLITICO that he hasn’t yet spoken to the two but still plans to.

As we discussed last week, the party has some options. McCarthy & Co. could, for example, kick Gosar and Greene out of the GOP conference. The party could also announce that it will not support the members’ re-election campaigns — akin to what the party has already done to Reps. Liz Cheney and Adam Kinzinger, because of their efforts to help lead the investigation into the Jan. 6 attack. Republicans could also agree to censure the duo.

The minority leader, who vowed in November to reward Greene and Gosar with new committee assignments in the next Congress, could even announce that he’s changed his mind about what he said four months ago, and he will no longer support giving Greene and Gosar committee assignments in the next Congress.

None of this has happened, and by all appearances, it seems unlikely that GOP leaders will do much of anything.

 

With Ukraine, inflation, and a new COVID variant loose in Europe, nobody cares about white supremacist Republicans being white supremacists.

It's been normalized with a big hand from both Trump and Putin.

In Which Zandar Answers Your Burning Questions

Axios's Alexi McCammond asks:

A big-time Maryland donor recently raised a lingering question in some corners of the Democratic Party: Can Black candidates run for and win statewide races?

 

The funny thing is that she answered her own question a few paragraphs down:

The questions come despite unprecedented representation by officeholders and candidates, from the vice president to members of Congress and mayors. 

A snapshot: There are 57 Black U.S. House members, the most ever; Black women are mayors of seven of the 100 most-populous cities; three Black candidates were among the primary contestants for the Virginia governor's race last year, and three are currently competing in Maryland Democratic gubernatorial primary.

 

So while Black gubernatorial candidates in Maryland, a pretty narrow subset of total Black candidates mind you, have lost races, it's not a national problem.

 

The question becomes why is Axios making it one?

 

Of course we have an answer to that too, published the same day: 

Top Democratic operatives see expanding defections by Hispanic voters to the GOP, worsening Democrats' outlook for November's midterms.

Why it matters: Democrats had hoped this might be a phenomenon specific to the Trump era. But new polling shows it accelerating, worrying party strategists about the top of the ticket in 2024.

A Wall Street Journal poll last week found that by 9 points, Hispanic voters said they'd back a Republican candidate for Congress over a Democrat. In November, the parties were tied.

What's happening: Democrats saw evidence of this shift in 2020 in House races in south Florida, Texas and southern New Mexico. 

Key factors, operatives say, include skepticism among Hispanic voters about programs they view as handouts. And many Hispanics are social conservatives, with what L.A. Times columnist Gustavo Arellano has called a "rancho libertarianism streak." The national party also needs to do better with messages that distinguish among Americans whose families hailed from Cuba, Mexico, Puerto Rico or Central America, several Democrats tell me.

Our thought bubble: Latinos, especially Mexican Americans, still lean Democratic. But Democrats have been losing ground among these voters in recent elections because the party hasn't been paying enough attention to them.

 

That's weird, that's the same exact reason why Democrats have "lost" white voters.  Not enough "attention" and Black candidates can't win even though they've won.

It's almost like Axios wants the Dems to lose.

Badly.

Now there's your burning question: why?

And we know why.