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Conservative Leaders To Senate GOP: We Demand You Vote NO Sarah Bloom Raskin and Lisa Cook

Conservatives are growing increasingly angry that the feckless Republican leadership in the US Senate has rubberstamped Joe Biden’s radical Leftwing and ethically challenged

nominees to important positions in the federal government. While the Republican-controlled Senate sat on Republican President Trump’s conservative nominees, the Senate GOP has regularly voted to approve Biden nominees who are radical Leftists.


The conservative leaders of the Conservative Action Project, who represent millions of conservative voters have now issued an open letter demanding that Senate Republicans finally stand up to two of Biden’s worst choices for positions of trust in the federal government: Sarah Bloom Raskin and Lisa Cook, both nominated by President Biden to serve on the Federal Reserve Board of Governors.


The toll-free Capitol Switchboard (1-866-220-0044), call today and tell your Senators that Sarah Bloom Raskin and Lisa Cook are unfit to serve on the Federal Reserve Board of Governors.


The full text of the letter and list of signers follows:


Conservatives are strongly opposed to the nominations of Sarah Bloom Raskin and Lisa Cook, both nominated by President Biden to serve on the Federal Reserve Board of Governors.

The nomination of Sarah Bloom Raskin presents troubling issues that raise questions about the nominee’s ethical fitness. Bloom Raskin, who previously served on both the Federal Reserve Board and in a senior post at the Department of Treasury, appears to have benefited financially from her positions in ways neither she nor her husband, Rep. Jamie Raskin, disclosed.

Specifically, Bloom Raskin took a position on the board of Reserve Trust, a financial technology company in the process of getting approval for a Master Account at the Federal Reserve. Bloom Raskin lobbied her connections at the Federal Reserve to help Reserve Trust get their account, while acquiring over 190,000 shares of the company.

The Master Account designation led Reserve Trust to receive more than $30 million in venture capital funds from QED investors – a fund led by Bloom Raskin’s former Treasury Department colleague, Amais Gerety. Following the infusion, Bloom Raskin cashed in her shares of Reserve Trust for $1.4 million.

This windfall was not disclosed by Rep. Jamie Raskin, who was ethically required to disclose his family’s significant interest in a private company doing business with the government, nor was it initially disclosed by Bloom Raskin.

In addition to her ethical concerns, Bloom Raskin has previously engaged in campaigns to use the Federal Reserve as a means to get around Congress in areas like climate change – specifically by using the Federal Reserve to pressure banks into choking off credit to traditional energy companies.

Dr. Lisa Cook is a professor of economics and international relations at Michigan State University and served on the Biden-Harris transition team. Concerningly, however, she also has a long history of promoting theories to remake the American economy around Cook’s belief that racism is pervasive and structural. Cook actively supports reparations as a national policy, which would tax certain Americans based solely on the color of their skin. She has also argued for the Federal Reserve to examine the black unemployment rate separate from the national unemployment rate.

Cook’s academic work reveals her belief that it is systemic racism which exclusively drives the economy. This suggests that her work on the Federal Reserve would apply Joe Biden’s divisive racial agenda to the financial sector, where she would like to see economic policy – and perhaps access to financial markets -- become segregated and race-based.

This approach is starkly at odds with a country whose free markets are intended to equalize opportunities for all, not to privilege them for a few based on skin color. Cook’s outlandish theories, combined with her history of notably partisan rhetoric around issues like Black Lives Matter, police brutality, and the Republican Party– should disqualify her from any position of caretaking the American economy, but particularly from the independent and non-partisan Federal Reserve.

Both Lisa Cook and Sarah Bloom Raskin seem intent to use their positions on the Federal Reserve not for neutral economic management, but to advance overtly partisan, racist, prejudicial, and political agendas. The Federal Reserve should not be politicized. This, combined with Bloom Raskin’s ethically questionable revolving door, should disqualify both nominees from appointment to the Board of Governors. We urge the Senate to reject their nominations.


The Honorable Edwin Meese III

Attorney General

President Ronald Reagan (1985-1988)


The Honorable J. Kenneth Blackwell

Chairman, Conservative Action Project (CAP) and

Constitutional Congress, Inc.

Star Parker

Founder and President

Center for Urban Renewal and Education (CURE)

The Honorable Russ Vought

Director, Office of Management and Budget (2020-2021)

L. Brent Bozell III

Founder and President

Media Research Center

Myron Ebell

Director, Center for Energy and Environment, Competitive Enterprise Institute

The Honorable T. Kenneth Cribb, Jr.

Chief Domestic Advisor

President Ronald Reagan (1987-1988)

Alfred S. Regnery

President

Republic Book Publishers

Ed Corrigan

Vice Chairman, Conservative Action Project and President & CEO, Conservative Partnership Institute

Noah Wall

Executive Vice President

FreedomWorks

Scott T. Parkinson

VP for Government Affairs

Club for Growth

Rachel A. Bovard

Senior Director of Policy

Conservative Partnership Institute (CPI)

David N. Bossie

President

Citizens United

Terry Schilling

President

American Principles Project

The Honorable Ken Cuccinelli, II

Senior Fellow

Center for Renewing America

The Honorable Becky Norton Dunlop

White House Advisor

President Ronald Reagan (1981-1985)

Lt. Gen. William G. Boykin (Ret.)

Executive Vice President

Family Research Council

The Honorable Steve Stockman

U.S. House of Representatives

Former Member, Texas

Phil Kerpen

President

American Commitment

Randy M. Long

Founder

Long Business Advisors, LLC

Mario Navarro da Costa

Director, Washington Bureau

Tradition, Family, Property

Melissa Kaye Ortiz

Founder & Principal, Able Americans

Keynote Speaker

Paavo Ensio

Chairman

Universal Minerals Group

Melvin Adams

President

Noah Webster Educational Foundation

Richard Manning

President

Americans for Limited Government

Kevin Freeman

Founder

NSIC Institute

C. Preston Noell III

President

Tradition, Family, Property, Inc.

Lee Beaman

CEO

Beaman Ventures

Richard Rounsavelle

Trustee

MRC

Robert Chambers

Executive Vice President

AFA Action

Judson Phillips

Founder

Tea Party Nation

Andresen Blom

President

Hawaiian Values

The Honorable Peter J. Thomas

Chairman

Conservative Caucus

Kay R. Daly

President

Coalition for a Fair Judiciary

The Honorable Terrence Scanlon

Retired Chairman and Commissioner

U.S. CPSC Pres. Reagan's second term

Ben Case

Elaine Donnelly

President

Center for Military Readiness

Allen J. Hebert

Chairman

American-Chinese Fellowship of Houston

Jack Park

Conservative Activist and Donor

Law Offices of Jack Park

The Honorable Gary L. Bauer

President

American Values

Trent England

Executive Director

Save Our States

Heather R. Higgins

CEO

Independent Women's Voice


Marty Dannenfelser

Director of Governmental Relations

Center for Urban Renewal and Education (CURE)

William L. Walton

The Bill Walton Show

Resolute Protector Foundation

The Honorable Morton C. Blackwell

President

The Leadership Institute

The Honorable Mary Vought

Executive Director

Senate Conservatives Fund


Jenny Beth Martin

Chairman

Tea Party Patriots Citizen Fund

The Honorable Jim DeMint

Chairman, Conservative Partnership Institute

Member, US Senate (SC 2005-2013)


The Honorable Bob McEwen

U.S. House of Representatives

Former Member, Ohio

The Honorable David McIntosh

President

Club for Growth

Tom Jones

Co-Founder

American Accountability Foundation

The Honorable Paul S. Teller, Ph.D.

Executive Director

Advancing American Freedom

Lori Roman

President

ACRU Action Fund

Wesley Denton

Chief Operating Officer

Conservative Partnership Institute (CPI)

Kelly J. Shackelford, Esq.

President and CEO

First Liberty Institute

The Honorable Donald Paul Hodel

U.S. Secretary of Energy (1982-1985)

U.S. Secretary of Interior (1985-1989)

The Honorable Brooke Rollins

President and CEO

America First Policy Institute (AFPI)

Craig Shirley

Reagan Biographer

Presidential Historian

The Honorable George K. Rasley Jr.

Managing Editor

ConservativeHQ.com

Jay Mount

President

MDS Communications Corporation

William W. Pascoe, III

Our Man in Washington

Tea Party Patriots Action

Tom DeWeese

President

American Policy Center

Thomas Pyle

President

American Energy Alliance

Seton Motley

President

Less Government

Sal Russo

Co-Founder and Chief Strategist

Tea Party Express

The Honorable James C. Miller III

Budget Director for President Reagan, 1985-1988

Susan Carleson Currer

Chairman & CEO

Carleson Center for Welfare Reform

Richard D. Hayes

Partner

Hayes, Berry, White & Vanzant, LLP

William Shaker

CEO

Washington Marketing Group

The Honorable Diana Denman

President/ Chairman

The Reagan Legacy Forum

Ron Pearson

Executive Director

Conservative Victory Fund

Joan Holt Lindsey

President

Lindsey Communications

Saulius “Saul” Anuzis

President

60 Plus Association

James L. Martin

Founder/Chairman

60 Plus Association

The Honorable Mike Hill

Former Member

Florida State House

Shirley Lewis


Sheryl Kaufman

Corporate Chief Economist, Retired

Phillips Petroleum Company

Carey Woodruff

Executive Vice-President, Foundation for American Christian Education

Maripat Powers

Owner/Principal

Eastcreek Designs, LLC

Dr. Richard G. Lee

President and Speaker

There's Hope America

Gerard Kassar

State Chairman

NYS Conservative Party


  • Sarah Bloom Raskin

  • Lisa Cook

  • senate confirmation

  • Donald Trump nominees

  • Joe Biden nominees

  • Federal Reserve Board of Governors

  • Rep. Jamie Raskin

  • Federal Reserve Board

  • Department of Treasury

  • QED investors

  • structural racism

  • reparations

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