It could be a worse choice to lead President Joe Biden’s fight against inflation – Vice President Kamala Harris immediately comes to mind.
But Brian Deese’s role in Biden’s new and delayed “laser focus” on inflation is more proof that Sleepy Joe either has no clue about politics, or is not serious about one of the most serious economic problems facing average Americans.
Deese is a maniac who is in charge of the asylum. His economic policies are among the major reasons why we are suffering from 8% inflation (a stealth tax on the working class) and markets are signaling a possible recession.
The influence is increasing
Worse, he shows no signs of reversing as his power grows. Finance Minister Janet Yellen is said to be not long before the administration, possibly gone after the interim period, so as not to see the inflation threat before it was too late.
High on the shortlist to replace her is staff favorite trade secretary Gina Raimondo, and perhaps Gary Gensler, the hyperambitious and progressive Securities and Exchange Commission leader who has left-wing senator Elizabeth Warren in her corner.
While Yellen’s situation is being resolved, Deese, director of the president’s National Economic Council, is Biden’s inflation and economic go-to guy, I’m told. My sources in DC say that Deese was the main spokesman behind a recent article in The Wall Street Journal in which the president finally admitted that inflation will not go away immediately. (Deese recently admitted just as much on Fox News; he declined further comment).
Deese is fine as a flack or a ghostwriter for the president (he’s actually pretty good BS’ing on TV), but he should not come close to setting policies for an economy approaching $ 25 trillion.
His CV is far too permeated by progressive politics and politics that are at the heart of our inflation problems.
Think about it: Deese, a freshman from Yale Law School, cut his teeth in government as an important economic adviser to Barack Obama, the president who famously used his skills as a community organizer in an attempt to transform the US economy into something that would make Saul Alinsky proud.
Deese worked on Obama’s automatic rescue operations, and polished his representative as a super-progressive in relation to the car brands.
After traveling through the administration’s budget and financial bureaucracy, he cracked down on private sector work at BlackRock to promote a progressive investment ploy known as the ESG, or Environmental Social Governance.
Deese spent three years as global leader in sustainable investment in the $ 10 trillion asset management company, and begged money managers to sift out companies that did not meet strict environmental standards set by progressive influencers.
Under ESG guidelines, for example, oil companies are being asked to cut back on drilling and invest in wind turbines – with the threat that BlackRock may sell itself or seek management changes.
Due to the size of BlackRock, these edicts were copied by other investment companies.
As we all know, corporate America chose to adopt ESG standards instead of facing the wrath of vigilant investors.
That is one of the reasons why the United States is so dependent on foreign oil for our energy needs – and why gas prices rose even before the oil market was destroyed by Russia’s invasion of Ukraine.
Another reason is that after leaving BlackRock and joining the Biden White House, Deese was among those leading the charge of implementing these vigilant corporate injunctions into national fiscal and energy policies.
Biden’s unnecessary spending, massive new regulations and the obstacles his White House has imposed on domestic oil production, combined with money pressure from the Fed, obviously created the inflationary mess.
This is not just what Deese does, but he is said to have had a heavy hand in each.
Now, with Yellen on the sidelines, his hand is getting stronger, which is why you see him so much on TV these days.
But despite all his TV talk about trying to fix inflation, his tools remain more of the same: a heavy emphasis on green boondoggles, and less drilling that has resulted in higher gas prices and inflation that we all just have to soak up and live while the economy works through a necessary “transition”.
Over at BlackRock, Deese’s former boss, Larry Fink, has re-evaluated the company’s ESG goals, stating that such standards are too drastic to be achieved overnight.
Inflation and social unrest are inevitable without a transition to reduce the nation’s carbon footprint, which will take some time.
Good for him, but a pity for the American people.
Deese has not received Fink’s note, or simply refuses to read it.