Biden nominee to Federal Reserve board has backed reparations: report

[Kamaji]

Biden nominee to Federal Reserve board has backed reparations: report

By Mark Moore
January 31, 2022

One of President Biden’s recent nominees to the Federal Reserve’s Board of Governors has repeatedly called for black Americans to receive reparations for years of economic discrimination and slavery, according to a report on Monday.

Biden announced the nomination of Lisa Cook, a Michigan State University economics professor, on Jan. 14. If confirmed, Cook would be the first black woman to be part of the seven-person board.

“Everybody benefited from slavery. Everybody,”​ ​Cook​ ​said in a September 2020 “EconTalk” podcast​, Fox Business reported​.

“So, I think that we absolutely need some sort of reckoning with that. There are many proposals on the table to study the possibility of reparations, many economic proposals being put forward, and I think they should all be taken seriously​,” she said.

Biden said during the 2020 campaign that he backs the study of paying reparations and has also voiced support for a House bill that would create a panel to consider the matter, as well as the effects discriminatory polices have had upon generations of former slaves and their descendants.

​Cook spoke about the House bill last March at the University of California’s Haas School of Business.

*  *  *

Source:  https://nypost.com/2022/01/31/biden-federal-reserve-board-nominee-has-backed-reparations/

[Kamaji]

Unless this includes (a) accounting for the loss of wealth caused by the Great Depression, and (b) crediting the excess social welfare payments blacks have received over the years - in which case, they almost certainly owe something back - then she should be rejected out of hand.

Call your Senator and explain why she should not be confirmed.

[Hoodat]

I am fully in favor of reparations.  The Democrat Party should pony up immediately.

[libertybele]

Unless this includes (a) accounting for the loss of wealth caused by the Great Depression, and (b) crediting the excess social welfare payments blacks have received over the years - in which case, they almost certainly owe something back - then she should be rejected out of hand.

Call your Senator and explain why she should not be confirmed.

The Dems hold the majority.... they'll get who they want unless Manchin votes against.

[GtHawk]

The Dems hold the majority.... they'll get who they want unless Manchin votes against.

You'll always have a RINO that will vote with the democrats out of fairness instead of the good of the nation.