Janet Yellen Is Now a Litmus Test for Right-Wing Sanity


Steve Benen notes that the increasingly shrill and hyperbolic Heritage Foundation has decided to make opposition to Janet Yellen a “key vote.” That is, they’ll count it on their end-of-the-year scorecard that tells everyone just how conservative you are:

Thanks to the “nuclear option” there’s very little chance Yellen’s nomination will fail — Joe Manchin appears to be her only Democratic opponent — but it now seems likely that most Senate Republicans will oppose the most qualified Fed nominee since the institution was founded.

That’s true, which means this has become sort of a litmus test for wingnuttery. There’s simply no serious reason to oppose Yellen, who is outstandingly qualified to be Fed chair by virtually any measure. So opposition to Yellen is now a pretty simple proposition: you oppose her if you’re some kind of hard money lunatic or if you feel like you have to pander to the hard money lunatics. That’s it. Everyone else votes to support her confirmation. Should be an interesting roll call.

POSTSCRIPT: For more on the Heritage Foundation’s descent from a think tank beloved of Republicans to a bullying ideological cop now loathed on Capitol Hill, check out Julia Ioffe’s report here. It’s a precautionary tale that’s well worth a read.

MORE HARD-HITTING JOURNALISM

In 2014, before Donald Trump announced his run for president, we knew we had to do something different to address the fundamental challenge facing journalism: how hard-hitting reporting that can hold the powerful accountable can survive as the bottom falls out of the news business.

Being a nonprofit, we started planning The Moment for Mother Jones, a special campaign to raise $25 million for key investments to make Mother Jones the strongest watchdog it can be. Five years later, readers have stepped up and contributed an astonishing $23 million in gifts and future pledges. This is an incredible statement from the Mother Jones community in the face of huge threats—both economic and political—against the free press.

Read more about The Moment and see what we've been able to accomplish thanks to readers' incredible generosity so far, and please join them today. Your gift will be matched dollar for dollar, up to $500,000 total, during this critical moment for journalism.

We Recommend

Latest

Sign up for our newsletters

Subscribe and we'll send Mother Jones straight to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate

We have a new comment system! We are now using Coral, from Vox Media, for comments on all new articles. We'd love your feedback.