'Monstrous behavior': Mnuchin slammed for Biden 'snub' that could sabotage US economic recovery

[LiberalArkie]

Treasury Secretary Steven Mnuchin was accused Friday of taking “exactly the wrong policy move right now” and sabotaging the economy for the incoming Biden administration after announcing an end-of-year cutoff to several key coronavirus relief lending programs at the Federal Reserve.

CNBC’s reporting quoted one financial expert who likened the move by Mnuchin to stripping a ship of its lifeboats when they’re most needed. The outlet explained:

Mnuchin announced Thursday that he will not extend the Federal Reserve’s emergency lending programs that used Congress’ CARES Act funds beyond Dec. 31. The move is expected to drastically reduce the central bank’s ability to shore up the financial system.

“It’s hard to find an economic rationale for it,” Carl Weinberg, chief economist at High Frequency Economics, told CNBC’s “Squawk Box Europe” on Friday.

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https://www.rawstory.com/2020/11/monstrous-behavior-mnuchin-slammed-for-biden-snub-that-could-sabotage-us-economic-recovery/

[Beartracks]

1. They want to sabotage America so they can blame Biden for it.

On the plus side, I guess that means they really don't think their efforts to steal the election are going to pay off.

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[still_one]

2. When you have the Federal Reserve Chaiman Powell slamming this,, you know this is pure

revenge by trump

This program expires at the end of the year, so it is a direct attack against small businesses

I hope this is remembered in the runoffs, and in 2022

[COLGATE4]

3. Mnuchin is another silver-spoon twit

born on 3rd base but who sincerely believes he hit a triple. He is as useless as his society-climbing trophy wife, slavishly obedient to his Fuhrer. Count on him to burn down every thing he can, shooting over his shoulder as he runs for the door.