‘A win for the establishment and a loss for progressives’ — analysts react to Yellen as Biden’s Treasury secretary

‘A win for the establishment and a loss for progressives’ — analysts react to Yellen as Biden’s Treasury secretary

— “Janet Yellen’s nomination to be Treasury Secretary is a win for the establishment and a loss for progressives and modern monetary theory proponents. So far, the Biden team is mostly establishment types, which should ease the concerns of investors who feared a more leftward tilt. Although we were skeptical that Mr. Biden was going to pick Sen. Elizabeth Warren for the Treasury job, that risk has been completely removed for now.” — Brian Gardner, chief Washington policy strategist at Stifel.

— “She is well within the orthodoxy of the economics community, and I suspect that fact along with her familiarity will lead to a largely positive response from financial markets. More broadly, from what we have seen so far, Biden appears to be mainly choosing old Democratic hands to fill his most vital Cabinet and White House posts, people from the Obama (and in some cases, even the Clinton) years. Progressives had hoped to wield major influence in the next administration, but if Biden’s personnel choices so far are any indication, he intends to govern more from what constitutes the middle of the Democratic Party today than to push the envelope far to the left.” — Stephen Stanley, chief economist at Amherst Pierpont.

Related:

The Wall Street Journal Nominates Janet Yellen as Treasury Secretary

Right calls Biden a puppet of Xi as he packs his cabinet with China hawks

Right calls Biden a puppet of Xi as he packs his cabinet with China hawks

‘Joe Biden is China’s puppet’ is a well-worn trope weaponized by the American right wing. In the real world, Biden is staffing his cabinet with rabid China war hawks – but since when do echo chambers care about the real world?

Prior to the US election I wrote a couple of articles saying that, if Biden wins, he will be attacked by the right as a Xi Jinping puppet even as he escalates dangerous cold war aggressions with China, in exactly the same way Trump was attacked by Democrats as a Putin puppet even as he escalated dangerous cold war aggressions with Russia. This extremely obvious prediction is, of course, already coming true.

‘People are pissed’: Tensions rise amid scramble for Biden jobs

‘People are pissed’: Tensions rise amid scramble for Biden jobs

Some of the grumbling dates back to one of the main divides in the Biden campaign: people who joined the campaign before Dillon was named campaign manager in March and those who came in after. Some in the old guard feel they were underappreciated — they won the Democratic nomination! — and were layered over by Dillon hires who are now being prioritized for White House jobs.

US Lawmakers Accuse Pompeo of Complicity in Israel’s ‘Violation of International Law’

US Lawmakers Accuse Pompeo of Complicity in Israel’s ‘Violation of International Law’

“Creeping annexation cannot be a policy that the US government supports if we wish to see peace in the region. This single act was the largest Israeli displacement of Palestinians in four years, behavior only made possible by continued silence from the American government.”

Austrian crackdown on Palestinian NGOs signals slide into tyranny

Austrian crackdown on Palestinian NGOs signals slide into tyranny

A third explanation seems to relate to the Austrian government’s commitment to US President Donald Trump’s forceful push for the “deal of the century“, which requires the rapid removal of all impediments, including the numerous pro-Palestinian NGOs that operate throughout Europe and the West.

A favoured turn of phrase is that anyone who expresses support for the rights of Palestinians or works to alleviate the suffering of Palestinian refugees, or provides clothing for Palestinian orphans, must be pro-Hamas and subsequently seen as suspect. Besides violating the basic rights and freedoms of citizens, it is also highly dangerous, as it could potentially be exploited by extremists on all sides.

For true stability, the scourge of extremism, all forms of extremism, must be overcome. To misdirect the struggle against the likes of Islamic State and far-right neo-Nazis, which all of society is united behind, to another struggle targeting peaceful elements that hold certain political views or carry out humanitarian and charitable work, is to divide society, and to hand an easy victory to extremists and terrorists.