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21 Oct, 6 tweets, 2 min read
1/ Fed Governor Lael Brainard finally ends her silence on the Fed’s bailout of the fossil fuel industry…by avoiding responsibility for the Fed's actions all together
2/ The Fed has recklessly backstopped an industry on the brink of collapse, forcing the American taxpayers to take on huge financial risks.
citizen.org/article/big-oi…
3/ Lael Brainard voted in favor of expanding the Fed’s lending criteria, allowing more fossil fuel companies to access taxpayer money, a decision that was widely criticized by climate groups, policy experts, and lawmakers.
federalreserve.gov/newsevents/pre…
4/ As Brainard’s name continues to be floated for Treasury Secretary, RDP has pushed her to answer why she has not spoken out more about the Fed’s support of the fossil fuel industry
commondreams.org/views/2020/10/…
5/ We hope to hear better answers from Brainard, particularly on the Fed’s prioritization of the fossil fuel industry over struggling state and local gov'ts
therevolvingdoorproject.org/the-feds-negle…
6/ There is also no reason at all why the Fed shouldn't expand state and local programs:

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More from @revolvingdoorDC

Revolving Door Project Profile picture
23 Oct
If polls are to be believed, Trump’s time as president is likely approaching its end. But, as his latest Executive Order has helped to underline, President Trump is unlikely to depart without having left as many obstacles and landmines as possible in his wake

1/21
His latest is an E.O. attacking basic protections that let civil servants do their jobs without fear of political reprisal. If Trump wins, it’s the end of the civil service. And even if he loses, this lets him do serious damage to the civil service on the way out

2/21
The Executive Order tells the Office of Personnel Management to create a new “Schedule F” covering civil service jobs that have important policy determining roles or that supervise senior civil servants. Think Dr. Fauci or line supervisors who make prosecution decisions.

3/21
Read 21 tweets
Revolving Door Project Profile picture
24 Jun
THREAD: Here’s our big takeaway from last night’s primaries: the Democratic base clearly thinks party leadership, including @SpeakerPelosi, isn’t doing a remotely satisfactory job fighting against Trump and for racial and economic equality.

And why would they? (1/x)
In 2018, Democrats swept the House on the hopes of millions of voters for some sort of check on President Trump.

The Revolving Door Project began conducting “Oversight of the oversight” to see how they’d do.

It was a near total wash. (2/x)
rewire.news/article/2019/0…
The day before he took over as Chair of the Committee on Ways and Means, Rep. Richard Neal was already backtracking on promises to request Trump’s tax returns.

RDP stayed on the case through the entire spring and summer, prodding this do-nothing chair at every step. (3/x)
Read 23 tweets
Revolving Door Project Profile picture
4 Jun
Yesterday, President Trump nominated commissioner Hester Peirce to a second term on the SEC.

Very few outlets reported on it, so it may not be obvious that this is a VERY big deal

(1/10)
Traditionally, nominations to boards with a mandated partisan balance have been advanced in pairs, one Democrat and one Republican

And, as it happens there is presently a Democratic vacancy on the SEC.

(2/10)
But Peirce’s nomination was presented alone, with no accompanying nomination for the Democratic slot (which has been sitting empty since February).

(3/10)
Read 11 tweets
Revolving Door Project Profile picture
3 Apr
Through a cruel twist of fate, Treasury Secretary Steven Mnuchin has become perhaps the most powerful man in Washington wired.com/story/the-reli…

Mnuchin keeps a lower profile than some of Trump’s other lackeys, making it easy to forget just how bad he really is
(1/?)
But never fear, the Revolving Door Project is here to ensure you know all you need to about the Treasury Secretary Nancy Pelosi and Chuck Schumer trust with the keys to reshape the American economy

We’re posting three new facts about Steven Mnuchin per day #MnuchinFacts
(2/?)
Lots of hardworking people are struggling right now.

With a net worth of over $300 million, we think it’s safe to say that Mnuchin cannot relate.
(3/?)
Read 316 tweets
Revolving Door Project Profile picture
28 Dec 19
At around 11:00 last night, the @JoeBiden campaign released its list of bundlers...not the move you make when you want people to actually read who is fundraising for you. Luckily, RDP is on the case! We’ll be tweeting any names that pop out to us...
joebiden.com/ad1841-23efs88…
.@MaggieSeverns noted ex-DreamWorks chairman Jeffrey Katzenberg in her story on Biden’s bundlers. Katzenberg was a crucial Obama bundler, and that likely helped when he opened DreamWorks studios in China after a dinner with Biden and Xi Jinping...
google.com/amp/s/www.poli…
Revolving Door-watchers should worry about Erskine Bowles, Bill Clinton’s WH Chief of Staff who’s now on Facebook and Morgan Stanley’s boards. He worked to focus the gov’t on spending cuts when unemployment was near 8 percent!
Read 20 tweets
Revolving Door Project Profile picture
27 Jun 19
No sign that @RepRichardNeal will sue for Trump’s tax returns anytime soon…

Our pessimistic thesis, published 2 weeks ago in @Rewire, seems more accurate now than ever. rewire.news/article/2019/0…

Let’s review how egregious his & @SpeakerPelosi’s delays have been -> (1/6)
It has been…

260 days since @SpeakerPelosi told us that requesting Trump’s tax returns would “be one of the first things we’d do.”

175 days since @RepRichardNeal gained the power to make the request. (2/6)
85 days since Neal asked nicely for Trump’s tax returns

78 days since Mnuchin “missed the deadline” to hand them over

75 days since Neal asked nicely *again*

65 days since Mnuchin “missed” Neal’s extended deadline & told Neal he was setting his own (3/6)
Read 6 tweets

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