I do NOT see ANYWAY Joe Biden would grant her wish….
While progressives would be ecstatic?
There are TWO reasons Biden would have to deal with ….
US Senator Warren has a Republican Governor in her state of Massachusetts ….Her replacement would be a Republican…The piece below points out that lawmakers in the state could change the replacement rules …But THAT might get messy….
This IS actually the BIGGEST impediment to her getting the Treasury job…..
Elizabeth Warren being chosen to be the Treasury Sec of the United States would probably crater the Stock market causing billions of dollar’s of loses….
Warren IS an expert on corporate bankruptcies and is itching to move to regulate and weed out corporate abuse in America…She could probably save consumers and taxpayers a good amount of money…
But the America economy will be dropping come the first quarter of 2021 and one would doubt very much if Joe Biden, a cautious middle of the roader, would want to have to deal with the fallout a Warren appointment would drop on his plate , which would be very full with other things….
Elizabeth Warren wants to be Joe Biden’s Treasury secretary and will make her case for it if he wins next week, according to three Democratic officials who have spoken with her inner circle.
“She wants it,” two of them said matter-of-factly.
Warren’s moves could set up the marquee fight between the party’s left and its center over what will be one of the most consequential Cabinet roles in the next administration. The Treasury Department will be tasked with steering the U.S. economy out of a deep recession, even as the country continues to struggle with the coronavirus pandemic….
If Warren gets the nod, the pushback from Wall Street would likely be swift, given some banking executives’ fears that Warren would spearhead harsher regulations on the financial sector. It’s a reputation Warren herself embraced during the Democratic primary, touting reports that financial industry leaders were concerned about the possibility she could win the Democratic nomination.
The Massachusetts Democrat’s opponents in the business world are also whispering that her nomination to lead the Treasury Department could spook the markets, particularly the bond market, at a perilous moment — just as Biden is going to ask Congress for a multi-trillion dollar stimulus package.
Such warnings have effectively cowed past Democratic presidents. “I used to think that if there was reincarnation, I wanted to come back as the president or the pope or as a .400 baseball hitter. But now I would like to come back as the bond market. You can intimidate everybody,” James Carville said during Bill Clinton’s presidency….
image….bostonglobe.com/AP Photo/David J. Phillip, File