(Congressional Agenda) – Brian Deese, the top economic advisor for President Joe Biden, is expected to leave the administration sometime next summer after the current commander-in-chief expressed his frustration at Deese’s failure to predict the long-term impact of inflation, a report from Bloomberg stated Thursday, citing an anonymous source.
Biden really needed someone to explain to him that inflation is bad? Really? Are we being serious here? With all of his time in public office, he should not have required someone to break down for him how bad inflation would be in the long run. It’s something he should’ve been trying to prevent at all costs. I get he wanted to know just how bad it would be, but there should not be an acceptance of high inflation. Ugh. What a mess.
“Deese, director of the National Economic Council, is anticipated to leave at around the same time as Cecilia Rouse, the first African-American chair of the Council of Economic Advisers, who is expected to conclude her two-year public service leave from Princeton University in early 2023, according to Bloomberg. With a recession considered almost certain in the near future, if not already ongoing, replacements for the outgoing duo would join the Biden administration at a critical time, simultaneously fending off the newly GOP-controlled House of Representatives and continuing the administration’s efforts to combat inflation,” the Daily Caller’s John Hugh Demastri wrote.
“Despite having been previously rebuked by the president at multiple meetings for underestimating the impacts of inflation, according to Bloomberg, the president and other advisers have reportedly expressed a desire for Deese to stay. Talk of personnel changes were simply rumors, one White House official told Bloomberg, citing the lack of a timeline for Deese to depart,” Demastri continued.
“Deese, who was previously a senior Obama administration climate and energy adviser, serving as the deputy director of the National Economic Council, worked for asset-management firm Blackrock when he joined the Biden administration, according to Bloomberg. Blackrock has been the target of criticism by Republican state treasurers, and they collectively plan to withdraw $1 billion in assets from the company over its alleged boycott of fossil fuels,” he added.
Rouse, who works as a professor of economics and public affairs at the esteemed ivy league school, Princeton, was confirmed on March 2, 2021 and is fully expected to return to his position at the university, the Bloomberg report said.
So who is Biden looking at replacing Deese with? Apparently Deputy Treasury Secretary Wally Adeyemo and White House pandemic relief coordinator Gene Sperling — who formerly held Deese’s position back during both the Obama and Clinton administrations — have made the list. The administration is reportedly also looking at either promoting someone from within to replace Rouse or pulling someone from an academic institution.
Because all of those radical left-wing elites from universities across the United States have done such a fantastic job in the past, right? These are the last people we need to have in any sort of position of power or influence. Mostly due to the fact they are out of touch with the regular American who suffers most from bad economic policy.
Copyright 2022. CongressionalAgenda.com
