Carney blasts Republicans over nominee's withdrawal
June 6th, 2011
10:56 AM ET

Carney blasts Republicans over nominee's withdrawal

White House spokesman Jay Carney is blasting Republicans for blocking one of President Obama’s nominee’s to the Federal Reserve Board:

“Peter Diamond, a Nobel laureate and one of the nation’s top economists, would have brought extraordinary expertise and knowledge of the economy to the Board of Governors of the Federal Reserve. We are deeply disappointed that this candidate, who had initially seen bipartisan support, fell victim to partisan obstructionism at this important time for our economic recovery. The President will nominate an individual for this position as soon as possible and continues to urge the Senate to act on the numerous nominees awaiting confirmation. The President wishes Professor Diamond the very best in the future.”

Diamond, an MIT professor and Nobel Prize winner, withdrew his name on Sunday after Republicans on the Senate Banking committee blocked the nomination from moving forward for more than a year.

Sen. Richard Shelby, the top Republican on the committee, has said Diamond does not have a sufficient background dealing with monetary policy.

Topics: Jay Carney • The News

soundoff (4 Responses)
  1. jean2009

    You know why his nomination was blocked, the Republicans cannot stand anyone that would speak truth to their tactics of block and stall.

    June 6, 2011 at 2:04 pm |
  2. GG Liddie

    Imagine that ... Sen Shelby (from the south, no less) trying to string together enough words in English to reach a conclusion about an MIT prof's qualifications.

    June 8, 2011 at 12:18 am |
  3. CBR

    96This is just one example of how slowly Washington works. How long do the politicians think someone is going to wait to get confirmed? The Republicans have perfected the art of obstructing a nominee named by a Democrat. Is there any wonder that we get more and more angry as we watch Congress moving at less than a snail's pace? The Republican leadership is totally ineffective. They can have press conferences and the leadership along with a couple of other politicians will give you their spiel. In the end, nothing is done and we are stuck in a quagmire which is the result of the lack of leadership in Congress. Where is Lyndon Johnson or Sam Rayburn when you need them? Tip O'Neil knew when to end the grandstanding and get things done. McConnell and Boehner cannot move things along.

    June 8, 2011 at 3:28 am |
  4. NOLY972

    The Republican Party has made obstructionism a high art. Sadly, their negative tactics are hurtful to the country they claim to love and respect. Professor Diamond is one of America's most knowledgeable economists and getting him to agree to leave MIT took a lot of talking on President Obama's part. Professor Diamond's expertise is in employment. It would seem logical to me that that type of expertise would be useful in today's climate of high unemployment caused by not only the economic issues we're experiencing but also by the movement of millions of jobs offshore. If we aren't going to be the major manufacturing power we used to be, what direction(s) should we consider to create jobs in America?

    "Sen. Richard Shelby, the top Republican on the committee, has said Diamond does not have a sufficient background dealing with monetary policy." No, that isn't Sen Shelby's problem with Professor Diamond. Professor Diamond has two strikes against him: First, he's an MIT professor and Nobel laureate. Much too intellectual for the GOP. And, second, he was nominated by President Obama. He could have been Ronald Reagan reincarnated and they'd have blocked the appointment. It's simple Republican-style politics; if they block all of President Obama's appointments, 'when' they regain the White House, all of those appointments will be re-made by the newly-minted Republican President.

    I'm tired of Congressional Republicans cutting off America's nose to spite it's face by always playing partisan politics. I wish they would start working FOR America, not AGAINST America.

    June 24, 2011 at 4:27 pm |