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Influence of Kamala Harris decisions on the US economy: what awaits personnel nominations?

Joe Biden and Kamala Harris are analyzed in terms of their potential personnel and economic decisions. While Biden's promises impact current nominations, industry leaders are hopeful yet concerned about a possible Harris presidency. Nominations of Lina Khan and Gary Gensler stir both praise and controversy, raising questions about future regulatory decisions under a potential Harris administration.

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8 October 2024 | 09:42

Joe Biden and Kamala Harris in the Context of Personnel and Economic Decisions

During the presidential campaign, Joe Biden made a series of promises that influenced key economic nominations. However, the situation is changing in the context of a potential assumption of power by Kamala Harris, who could have greater freedom in making nominations if she were to become president.

Hopes and Concerns Among Industry Leaders

Industry leaders have high hopes for a potential Harris presidency. However, the promises made by Biden to Senator Elizabeth Warren regarding significant influence over nominations to agencies regulating the economy are causing concern among entrepreneurs.

The Nominations of Lina Khan and Gary Gensler

While the nominations of Lina Khan and Gary Gensler to lead the Federal Trade Commission and the Securities and Exchange Commission have been well-received by progressive groups, they have also stirred controversy among business leaders.

The Fate of Khan and Gensler in the Shadow of a Possible Harris Presidency

The potential presidency of Harris raises doubts about the future of Khan and Gensler in their roles as key regulators. Harris is portrayed as a pro-business candidate with a better understanding of the technology industry than Biden.

Balancing Regulation with Innovation

Business and technology leaders see in Harris an opportunity to make other nominations that will balance regulation with innovation. However, internal disputes in the technology industry continue over antitrust doctrines.

Unannounced Steps and Unknowns

Harris may surround herself with more personalities from the private sector than Biden, and her intentions regarding regulatory nominations remain unclear. Speculation continues about the future of Khan and Gensler given the approaching ends of their terms.

Personnel Decisions and the American Industry

The selection of nominees plays a crucial role in determining the success of American industries and companies. In the event of a Harris victory, the issue of nominations will be of significant importance for the country’s economic development.