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Elections

Republican takes back House seat from Democrat incumbent in S. California

Republican Michelle Steel has unseated the one-term Democratic incumbent from her Southern California U.S. House district, the Associated Press has reported.

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Republican Michelle Steel has unseated the one-term Democratic incumbent from her Southern California U.S. House district, the Associated Press has reported. Steel now joins Marilyn Strickland from Washington State as the first-ever Korean American women elected to Congress.

Steel secured 51% of the vote in the 48th district, located in the once-reliably-Republican Orange County. Her opponent, Rep. Harley Rouda, was first elected the the House of Representatives during the 2018 midterms when the Democrats seized many suburban seats that used to vote more strongly Republican. Rouda ousted the 20-year GOP incumbent, Rep. Dana Rohrbacher.

It is worth noting that this win for Steel marks the second time in over two decades where a GOP candidate has defeated an incumbent Democrat in the Golden State, the AP reports.

This election cycle has already seen an unprecedented amount of GOP women elected to Congress, with this latest addition upping their numbers on Capitol Hill come January.

RELATED: ‘The year of the Republican woman’: Record-Breaking Number of GOP Women elected to Congress

You can follow Douglas Braff on Twitter @Douglas_P_Braff.

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Economy

Federal Reserve Economist on hidden camera: ‘we don’t want Trump to be in the government’

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Hidden Camera captures Principal Economist at the Federal Reserve talking about Jerome Powell’s legacy as “somebody who held the line against like, Trump.” According to hidden camera footage of Aurel Hizmo, principal economist at the Federal Reserve, the U.S. agency could have fixed inflation a while ago but refused to do so for fear of hurting President Joe Biden’s re-election efforts.

Hizmo told an undercover reporter that the Fed stopped raising the rates to tackle inflation because it could cause a recession that would likely end Biden’s 2024 campaign.

The influential agency responsible for maintaining a stable monetary system appears to not just be establishing interest rates, but to be setting policies for desired social outcomes. “Under Powell, the Fed has changed to think about equity issues, like racial issues, think about wealth inequality as part of the mandate, as part of the things we are following. Think about climate change.” Aurel Hizmo, Principal Economist at the Federal Reserve, who prior to working at the Fed was an Assistant Professor helps write speeches for Federal Reserve Board Chair Jerome Powell for the Federal Open Market Committee.

Hizmo says “Trump is just a crazy person” and conservatives are “dumb” as he describes to OMG’s American Swiper Citizen Journalist a politicized Federal Reserve Board where Powell has promoted ESG issues like climate change and “wants to be remembered in history” “as a savior.” But shhh…don’t tell anyone because Hizmo says: “I’m just really worried that I’m saying stuff that’s classified…It’s all classified.”

 

 

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