The GOP’s congressional leadership have been quietly plotting how to make life difficult for the Biden administration, particularly on its radicalized economic agenda.
It’s always dangerous to divvy up the spoils of war before achieving victory, but the GOP’s congressional leadership appears to be moving in that direction anyway.
Again, nothing revolutionary, but Republicans feel they can shape the debate. Put bills on Sleepy Joe’s desk demanding he end hiswhich has helped fuel massive inflation, and others to loosen his anti-business regulatory agenda that has stymied growth as the economy falls into recession. Its questionable how any of this gets to the SEC’s core mission of protecting investors, or leads to better-run companies. But with Dems in charge, Gensler is full steam ahead as he seeks to kiss up to progressives, including his patron, lefty Massachusetts Sen. Elizabeth Warren. Gensler is angling to be Treasury secretary when the current occupant, Janet Yellen steps down as expected next year.
. Biden will have a choice of either agreeing to the partial defunding of SEC activities and signing spending bills, or face a legislative stalemate.Another set of hearings will target the corporate enablers of the Dems’ progressive economic agenda. Retiring Pennsylvania Republican Sen. Pat Toomey has been requesting information from companies involved in Environmental Social Governance investing, which is a big moneymaker on Wall Street but, he believes, anti-consumer and politically fraught.
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