There may be worse options to lead President Joe Biden’s fight against inflation: Vice President Kamala Harris immediately comes to mind.
But Brian Deese’s role in Biden’s late new “laser approach” to inflation is further proof that Sleepy Joe has no idea about politics or does not take seriously one of the most serious economic problems they face. the Americans.
Deese is a madman in charge of the asylum. Its economic policies are among the main reasons why we are suffering from 8% inflation (a stealth tax on the working class) and the markets are signaling a possible recession.
The influence is growing
Worse, it shows no signs of reversing its course as its power increases. It is said that Treasury Secretary Janet Yellen will soon take over the administration, which may have disappeared after the mid-term, so as not to see the inflationary threat before it is too late.
On the first list to replace her is Secretary of Commerce, a favorite of staff, Gina Raimondo, and perhaps Gary Gensler, the hyperambitious and progressive chairman of the Securities and Exchange Commission that has left-wing senator Elizabeth Warren in its corner.
While Yellen’s situation is being fixed, Deese, the president of the president’s National Economic Council, is the guy in Biden’s inflation and economy, they tell me. My sources in DC say that Deese was the lead author of a recent opinion piece in The Wall Street Journal in which the president finally admitted that inflation will not go away soon. (Deese recently granted it to Fox News; declined further comment).
Treasury Secretary Janet Yellen has admitted she was wrong about how severe inflation would be, and Americans are paying the price. Photo by AP / Andrew Harnik
Deese is fine as a flack or as a ghostwriter for the president (he’s actually a pretty good BS on TV), but he shouldn’t be close to establishing a policy for an economy approaching 25 trillion. of dollars.
His curriculum is too steeped in progressive policies and policies that are at the heart of our inflationary problems.
Think about it: Deese, who just graduated from Yale Law School, was cut off from the government as a key economic adviser to Barack Obama, the president who used his skills as a community organizer in an effort to turn the economy around. American in something that Saul Alinsky was proud of. .
Deese worked on Obama’s car rescue, branding his representative as a super progressive in dealing with the perpetrators.
After traveling through the budget and economic bureaucracy of the administration, he devoted himself to the work of the private sector at BlackRock to advance in a progressive fashion of investment known as ESG or Environmental Social Governance.
President Joe Biden’s war on oil is causing bomb pain as gas prices rise. Michael Reynolds / Pool via CNP
Deese spent three years as global head of sustainable investment in the $ 10 trillion asset management firm, urging money managers to rule out companies that do not meet strict environmental standards set by influential progressives.
Under the ESG guidelines, for example, oil companies are being asked to reduce drilling and invest in windmills, with the threat that BlackRock may divest or seek a change in management.
Due to the size of BlackRock, these edicts were copied by other investment firms.
The wrath of awakening
As we all know, American companies chose to adopt ESG standards instead of facing the wrath of awakened investors.
It is one of the reasons why the United States is so dependent on foreign oil for our energy needs, and why gas prices were rising even before the oil market was affected by the invasion of Ukraine by part of Russia.
Another reason is that after leaving BlackRock and joining the White House in Biden, Deese was among those responsible for implementing these awakened corporate edicts in national fiscal and energy policy.
Biden’s unnecessary spending, massive new regulations, and obstacles the White House has imposed on domestic oil production, combined with the printing of Fed money, created the inflationary mess, of course.
This is not just from Deese, but he is said to have had a strong hand in each.
Now, with Yellen on the sidelines, his hand is getting stronger, which is why you see him so much on TV these days.
However, despite all his television talk about trying to fix inflation, his remedies remain the same: a strong emphasis on green boondoggles and less drilling that has resulted in rising gas prices and an inflation that we will all have to suck up and live with. with how the economy works through a necessary “transition”.
At BlackRock, Deese’s former boss Larry Fink has been rethinking his company’s ESG goals, saying those standards are too drastic to achieve overnight.
Inflation and social unrest are inevitable without a transition to reduce the nation’s time-consuming carbon footprint.
Good for him, but bad for the American people.
Deese has not received the note from Fink or simply refuses to read it.