Rep Katie Porter to Mnuchin: "Don't make me get out the whiteboard"

[kpete]

Last edited Sun Sep 6, 2020, 06:24 PM - Edit history (1)

This statement is irresponsible, to put it lightly. @stevenmnuchin1, don’t make me get out the whiteboard.

A Steve Mnuchin whopper on Fox today, one that probably won't make news on its own: "Before we got into COVID, I thought the debt was very manageable. We were having extraordinary growth. We were creating growth that would pay down the debt over time."

Link to tweet

?s=20

[ProfessorGAC]

1. That's What They Said In 1981

And in 2002.
Still waiting Stevie-boy!

[LakeArenal]

2. Hope she runs in 2028.

[samnsara]

5. i can see it for sure!!! Every time she speaks I think of her as president....

..its the same good feeling I got during that first Obama speech

[LakeArenal]

14. Yep.

[Lucky Luciano]

18. Yes...she's a rising star for sure.

[dchill]

3. "...or the paddle!"

[volstork]

17. Nah,

he'd probably like it!

[SheltieLover]

4. Wahahaha!

Subpeona him, then school him, Katie!!!!

I'll bet he shit his diaper when he read this!

Katie

[gristy]

6. Wikipedia on Rep. Katie Porter

Ok, I'm impressed.

https://en.wikipedia.org/wiki/Katie_Porter

Katherine Moore Porter[3] (born January 3, 1974) is an American law professor, attorney, and politician serving as the U.S. Representative for California's 45th congressional district since 2019. A member of the Democratic Party, she is the first Democrat to be elected to represent the district, which covers much of south-central Orange County, including Irvine, Tustin and Lake Forest along with large slices of Anaheim and Laguna Niguel. Porter attended Harvard University and Yale University; she most recently taught at the University of California, Irvine School of Law.

Congressional questioning
Porter has earned a reputation for tough and pointed questioning of officials during congressional hearings, often using visual aids.[29][30]

She has attracted attention for her questioning on the House Financial Services Committee. In March 2019, her questioning caught Wells Fargo CEO Tim Sloan contradicting what his corporate lawyers were arguing in court, in that statements he had previously made pledging transparency were "corporate puffery", according to documents lawyers submitted.[31][32] In April 2019, Porter drew attention for her questioning of JPMorgan Chase CEO Jamie Dimon about how a Chase bank teller should make up a $567 shortfall between her monthly budget and her paycheck.[33] In May 2019, she asked Housing and Urban Development Secretary Ben Carson about "REOs", real-estate owned properties, which he confused with Oreo cookies.[34] She also asked Consumer Financial Protection Bureau director Kathy Kraninger to solve some math problems about annual percentage rates on payday loans, which Kraninger declined to do.[35]

In March 2020, she used five minutes of questioning to get the chief of the Centers for Disease Control and Prevention, Robert R. Redfield, to agree to use its legal authority to make testing for the COVID-19 virus free for all Americans.[30]

[PatrickforO]

16. Porter is one of the heroes of this new Congress. She's got some great, great years

ahead of her. All you need to do is see an interview of her and she's great.

[Make7]

7. Two charts:

[sandensea]

10. And this was before the Trump Plague

U.S. budget deficit to hit record $3.3 trillion this year, CBO says

https://www.msn.com/en-us/finance/markets/us-budget-deficit-to-hit-record-2433-trillion-this-year-cbo-says/ar-BB18E6ae

[Make7]

26. Mnuchin: "We were having extraordinary growth."

The January 2020 CBO outlook had forecast quarterly Real GDP growth for 2020 as 2.0%, 2.5%, 2.2% and 2.2%. So pretty close to the 2019 numbers. Their forecast had Real GDP growth below 2.0% every quarter in 2021. So not exactly extraordinary growth pre-COVID.

Mnuchin: "We were creating growth that would pay down the debt over time."

The CBO January 2020 budget outlook pegged the deficit at $1.015 trillion - and deficits above $1 trillion for every subsequent year. I'm not an economist, but those don't sound like budget numbers that would pay down the debt.

Of course all of that is out the window now – post-COVID – but Mnuchin's claims regarding economic growth and debt reduction prior to this year are clearly bullshit. There are plenty of people out there willing to swallow it though.

They appear to be trying to campaign on how good the economic outlook would have been if not for the Coronavirus, but that only appears to be a selling point if they outright lie about the numbers.

[sandensea]

28. Sure. In his Cayman Islands account.

Parked in Paul Singer's laundromat, I bet (like Romney).

[paleotn]

21. Promises not kept.....

Didn't Donnie Dumb Ass promise to reduce the national debt? Sure as hell can't do that if annual deficits are increasing.

As an aside, Obama's deficits would have been way less had he been able to enact the tax plan he talked about in 2008 and 2012. Unfortunately, the best we could get was a roll back of the W tax cut insanity.

[tblue37]

8. My favorite Katie moment was when some Trumper tried to "educate" her on some

economic matter and she pulled out the textbook she wrote on the subject:

https://nowthisnews.com/videos/politics/katie-porter-uses-her-own-textbook-to-school-director-of-the-cfpb

[crimycarny]

9. Love this!

Katie Porter is definitely a rising star.

[spooky3]

11. Wow, that was outstanding! Thanks. nt

[paleotn]

22. I love that. I truly do.

[TNNurse]

12. We love her.

We love her in Congress but will be happy with any job Joe gives her.

[MurrayDelph]

20. I'm hoping Gavin gives her a new job

to replace Kamala.

[paleotn]

23. Darn good choice.

[SunSeeker]

13. Call ir what it is: A LIE. nt

[PatrickforO]

15. What kills me is they spend, spend, SPEND when they are in power and run up huge

debt, and then pass irresponsible tax cuts that further exacerbate the situation.

And they don't care. Never mention it. And if questioned say it doesn't matter.

But when Biden and Harris are elected, OMG, watch out! They are going to go full-bore stupid like the Tea Party did shutting down the government during O's presidency.

[Totally Tunsie]

19. Katie's tough, and I love her for it!

I'll be looking forward to calling her "Madam President" in the not too distant future.

[smirkymonkey]

24. Katie Porter is a national treasure!

I would like to see her in the Biden administration in some capacity, yet I have heard she is open to filling Kamala's open Senate seat. I just want her to stay in the game. She's too valuable to lose.

[spanone]

25. Complete Bullshit

[denem]

27. Put Katie into the Senate !