Patriotic Millionaires Statement on Biden Economic Team, Treasury Secretary Announcement
“The challenges we face can only be overcome through decisive, substantial government action. Now is not the time to be timid or to worry about the deficit, it is time to act boldly.”
Washington, DC – This morning, President-Elect Joe Biden announced the names of key members of his economic team, headlined by his decision to appoint Janet Yellen as Treasury Secretary. In response to this announcement, Morris Pearl, the Chair of the Patriotic Millionaires and a former managing director of BlackRock, Inc., issued the following statement:
“President-Elect Joe Biden’s economic team, led by Janet Yellen as Treasury Secretary, appears well-equipped to tackle the immense challenges our country is currently facing. Janet Yellen, Neera Tanden, Cecilia Rouse, Wally Adayemo, Jared Bernstein, and Heather Boushey all have an incredible opportunity in front of them to guide our country’s economic policy away from the disastrous last four years and towards a vision of America that prioritizes the wellbeing of everyday people, not just the rich and powerful.
We hope they recognize that the challenges we face can only be overcome through decisive, substantial government action. Now is not the time to be timid or to worry about the deficit, it is time to act boldly. The Patriotic Millionaires congratulate the members of the President-Elect’s new economic team for their selection, and look forward to working with them to build an economy that works better for all Americans.”
For more information, email Sam Quigley at sam@patrioticmillionaires.org.
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About the Patriotic Millionaires
Proud “traitors to their class,” members of the Patriotic Millionaires are high-net worth Americans, business leaders, and investors who are united in their concern about the destabilizing concentration of wealth and power in America. The mission of The Patriotic Millionaires organization is to build a more stable, prosperous, and inclusive nation by promoting public policies based on the “first principles” of equal political representation, a guaranteed living wage for all working citizens, and a fair tax system. You can find out more at https://patrioticmillionaires.org/about/
The Patriotic Millionaires have appeared on hundreds of media outlets here and abroad, including The Daily Show with Jon Stewart, the PBS NewsHour, The New York Times, Washington Post, CNN, MSNBC, Fox News, and many others. You can find more coverage at https://patrioticmillionaires.org/media
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The Patriotic Millionaires
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