Temple
Regular Member
Posts : 7317
Join date : 2014-07-29
 | | Subject: Dem Senator Shames Steve Mnuchin to His Face: Tue Dec 01, 2020 5:36 pm | |
| 12-1-2020
Dem senator shames Steve Mnuchin to his face: ‘You’re leaving the country worse than you found it’
Sen. Sherrod Brown (D-OH) on Tuesday shamed Trump Treasury Secretary Steve Mnuchin for his decision to not extend the Federal Reserve’s emergency lending facilities that were designed to keep the economy afloat during the novel coronavirus pandemic.
Brown started off by giving Mnuchin a blunt assessment of the state of the economy that he will be handing off to his successor.
“Last week, 778,000 people filed for unemployment insurance,” he said.
“In October, 3.4 million homeowners were past due when their mortgages, many of them will run out of forbearance options by April.
As many as 40 million renters will spend the holidays worrying that they will be evicted on January 1st if their government, if we don’t do our job.”
He then zeroed in on Mnuchin for failing to extend the Fed’s emergency lending tools.
“You’re leaving the country worse off than you found it,” he said.
“Rather than using your final months in office to work for the people who you have sworn to serve, you appear to be trying to sabotage our economy on the way out the door.
After the election, to cancel the Federal Reserve lending programs and taking away critical tools to invest in the communities and small businesses that make this country work, there is no legitimate justification for it!”
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Temple
Regular Member
Posts : 7317
Join date : 2014-07-29
| | Subject: Katie Porter Slaps Steve Mnuchin .. Wed Dec 02, 2020 11:53 pm | |
| 12-2=2020
U.S. Rep. Katie Porter (D-CA) questioned Treasury Secretary Steve Mnuchin over coronavirus funds on Wednesday. It did not go well for him.
Secretary Mnuchin is trying to return hundreds of billions of dollars Congress approved to address the COVID-19 crisis back to the Treasury’s general fund – which means states could no longer use those desperately-needed funds.
But Congresswoman Porter had to force the Treasury Secretary to admit that the law does not call for him to do so.
As usual, Mnuchin was condescending and dismissive of the duly-elected Democratic member of Congress, and even called her question “ridiculous” and a “waste” of time.
Porter began by telling the Treasury Secretary,
“I’m reading aloud now from Section 4027 of the Cares Act. ‘On or after January 2026 any funds that are remaining shall be transferred to the general fund.”
In other words, set, sent back to the Treasury. Secretary Mnuchin, is it currently the year 2026, yes or no?”
Mnuchin didn’t answer the question but accused Rep. Porter of “putting words in my mouth.”
After a heated back-and-forth Mnuchin answered, snidely,
“Of course it’s not 2026. It’s ridiculous to ask me that question and waste our time.”
Porter was unshaken.
“Well, Secretary Mnuchin, I think it’s ridiculous that you’re play acting to be a lawyer.
Mnuchin grew increasingly angered.
“I have plenty of lawyers at the Department of Treasury who advise me,” he said, then misogynistically replied he would explain to Federal Reserve Chairman Jerome Powell, seated beside him, “all the legal provisions” of the law.
Porter was not having it and took control again of the hearing.
note; Katie Porter is/was a Law Professor
graduatd from Harvard Law School
(( professor-turned-congresswoman ))
^^^ unanswered question to Steve Mnuchin
Watch: BAM !!! 2+MINS..
https://youtu.be/Gs5Jy4Yeo3I |
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