Biden letting lefty Elizabeth Warren name the fin-reg pictures

Who Elected Elizabeth Warren as US Economic President?

All signs point to Joe Biden, who, between napping and licking his ice cream cone, gave Warren de facto presidential powers to appoint people to key government posts that affect the country’s economy.

I know this because bankers hire lobbyists to find out who gets what jobs so they can plan their business accordingly. These lobbyists tell C-suite leaders that the man who was elected president is under scrutiny on many issues, including these appointments. (Surprise!)

Worse, Biden has passed decisions like this on to a group of progressive advisors (home affairs advisor Susan Rice apparently has a huge say) who, in turn, take too many of their marching orders from Warren, who regulates the U.S. economy.

That makes the Democratic Senator from Massachusetts “president for financial regulation,” in the words of a senior Wall Street executive who oversees the White House’s economic appointments.

What makes Warren so qualified for such power over the $ 22 trillion US economy is truly astounding. Of course she’s smart; her rise began in academia and at Harvard Law School. But we’re not talking about Milton Friedman or even Larry Summers here. Warren’s academic research has focused on bankruptcy and consumer issues, not how best to prepare an economy to raise wages and create jobs.

But the consumer staple and her Harvard pedigree made Warren a popular conversationalist on TV during the 2008 financial crisis. It wasn’t long before President Barack Obama got an ear as he pondered the future of banking after the crisis.

Their idea was a new, largely duplicated level of government called the Consumer Financial Protection Bureau (CFPB). Warren had great ambitions for the agency as an accuser of malice and greed in banking. His record was far less impressive. The CFPB has been credibly accused of provoking fake scandals; ongoing interference for litigation attorneys who want to squeeze quick money out of target industries; and save consumers only after scandals are exposed by the media (see the Wells Fargo fake account mess).

President Joe Biden is asleep.While President Joe Biden sleeps, progressives like Senator Elizabeth Warren influence the Democratic Party and the White House.REUTERS

Even so, the media loved her. Over the years, Warren managed to use her fanatical outbursts to reporters to become a U.S. Senator, presidential candidate, and darling of the party’s progressive wing, even if her halo has faded a bit after falsely claiming she is Native American descent.

She’s so important to the left-dominated Democratic Party that when Joe Biden is asleep (which is a very common occurrence) she’s playing the matchmaker at important regulatory meetings at the White House, Wall Street executives tell me. Goldman banker and super-progressive SEC chairman Gary Gensler is a creation of Warren. Her fingerprints are all over the last possible appointment of her old pal Richard Cordray, former head of the bank-hating CFPB during the Obama years, to a key role at the Fed as vice chairman of banking regulation.

It doesn’t end there. Warren is believed to be behind Saule Omarova’s nomination for the White House. This proud Moscow State University graduate who never shed her Marxist past is notably Biden’s (I mean Warrens) choice for Auditor, another major banking regulator.

Then there’s this Warren-inspired Doozy: Gigi Sohn’s nomination for Federal Communications Commission commissioner.

The FCC is one of the most important economic regulators as it oversees our largest industries: telecommunications, media and technology. Sohn’s qualifications are that she is a legal scholar and progressive activist who co-founded a leftist organization funded by leftist billionaire George Soros. She was special adviser to Obama’s FCC chief Tom Wheeler when he was known to push for “net neutrality” rules that undermined telecommunications innovation until it was rolled back during the Trump years.

Oddly enough, Conservative Son gets some innuendos about their plans to regulate nasty big tech corporations. Take a closer look at Sohn’s record, and especially her tweets, and you will find things that should make conservatives – or anyone who appreciates the First Amendment – puke.

She has questioned whether right-wing Sinclair Broadcasting qualifies for an FCC broadcast license and whether social media companies should moderate “misinformation and disinformation” that many see as a code of conduct for censoring conservative speech.

Saule Omarova, President Biden's candidate for the office of Auditor.Saule Omarova, President Joe Biden’s candidate for auditor, calls for an end to banking by moving American finances from private banks to the Federal Reserve.REUTERS / Tom Brenner

Son once bizarrely suggested that my employer, Fox News, was “more dangerous to our democracy” than the filth that fills social media. Son doesn’t seem to like that Fox is one of the few alternatives to CNN and MSNBC. Wall Street says the White House will eventually appoint Son to chair the FCC if it’s confirmed because Warren wants it.

Some of these appointments are shot down in Senate confirmation, but others are not. The result: more costly regulation that crushes consumers and hinders innovation because it always does. Banks are having to spend time and money answering progressive calls to reduce their carbon footprint rather than making sure the local bakery gets a loan to expand.

The Gigi Sohns in Washington will do politics with free speech. All thanks to President Warren.

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