Rep. Rashida Tlaib, D-MI, told Jerome Powell that the Federal Reserve should bail out cities like Detroit, and Puerto Rico.
Here’s the video:
TLAIB: “My city filing for bankruptcy was devastating to so many retirees, sir. 40, 50 years they worked for the city of Detroit, saw their pensions completely diminished, gone. Do you not believe that the governments of Detroit and Puerto Rico also play a vital role that should be preserved even if a financial crisis makes it hard for them to borrow money?”
POWELL: “What I believe is that it’s not a job for the Fed. The Fed has a particular role and particular authorities, and lending to state and local governments, and supporting them when they’re in bankruptcy is not part of our mandate.”
TLAIB: “We’re going to strongly disagree. I do believe you do have the authority.”
NO!! So sick of these irresponsible democrats wanting our fed tax dollars to bail out their poorly run cities!!
— Theresa (@Tbarc27T) February 12, 2020
Detroit is in bankruptcy because the residents there have been voting for Democrats for a very long time.
I can’t imagine what it’s like sitting and answering questions to a smug fool that has no clue what she is talking about reciting questions someone wrote for her that she doesn’t actually understand.
— Melton Freely (@FreelyMelton) February 12, 2020
I suppose we should thank our esteemed academia institutions for producing stellar stewarts & champions of EDUCATION. 🥴
— Dee (@RangoButt) February 12, 2020
Why do these guys have to keep showing up at these committees every time the stock market hits a new high ? Dems are just trying to stop economic growth under @realDonaldTrump .. they see America succeeding & get ANGRY !?
— Bill Allen (@wdabill) February 12, 2020
— DINA MELENDEZ (@melendez_dina) February 12, 2020
All too often “social justice advocates” expropriate public resources (including taxing power) of government agencies far outside of the agency’s charter and mandate as a vehicle to redistribute “wealth” to their favorite special interest – a fabricated “disadvantaged class”.
— Wes Knyle (@WesKnyle) February 12, 2020
Don't forget to Like Freedom Outpost on Facebook and Twitter, and follow our friends at RepublicanLegion.com.
— Ken ahearn (@Kenahearn3) February 12, 2020
Become an insider!
Sign up for the free Freedom Outpost email newsletter, and we'll make sure to keep you in the loop.