Saule Omarova teatifying before a hearing of the Senate Committee on Banking, Housing, and Urban Affairs in 2018. (Senate Committee on Banking, Housing, and Urban Affairs) No pivot to the center for President Biden
President Biden’s chief of staff Ron Klain has a, shall we say, interesting take on last week’s election. The voters who chose Republican Glenn Youngkin as governor of Virginia and who came close to unseating incumbent Democrat Phil Murphy as governor of New Jersey want Democrats to “do more,” Klain told MSNBC. “And that’s what we’re doing,” he continued, “again, starting next Monday, signing the infrastructure bill, working with the House to pass the Build Back Better plan, which will help bring down inflation, bring down the cost of living, bring down people’s expenses.”
Leave aside the highly questionable claim that the “Build Back Better” legislation under negotiation on Capitol Hill will reduce inflation. Focus instead on Klain’s idea that the message of the off-year election wasn’t for Democrats in Washington to slam the brakes, but to hit the gas pedal. Klain is paid to put the best possible spin on the Biden administration’s depressing combination of incompetence and aloofness. Yet even he must recognize that the president and the national Democratic Party have become too closely identified in the minds of voters with the progressive Left and its lack of constructive solutions to inflation, crime, the border, and education. Rather than double down on his bid for a “transformational” presidency, Biden has a chance to narrow his focus, prioritize, and address the issues of most concern to the suburban independents who next year will decide the fate of the House and Senate. It’s an opportunity he’s not taking.
Allow me to introduce, for example, Saule Omarova, the Beth and Marc Goldberg professor at Cornell Law School and senior fellow at the Berggruen Institute in Los Angeles. On the very day that voters across the country rejected the Democratic Party’s turn to the left, the White House officially nominated Professor Omarova to be comptroller of the currency. The comptroller is the nation’s chief banking regulator, supervising some 1,200 financial
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