BOMBSHELL, It Was Obama Admin, Not Trump, Who Delayed Tubman $20

Democrats are the boy who cried wolf when it comes to accusing everyone they dislike of being a racist or engaging in racism.

When Treasury Steve Mnuchin announced that the Harriet Tubman $20 bill was going to be delayed the shouts came again.

Both President Donald Trump and Mnuchin were accused of being racists and delaying the issuing of the new note due to racism.

But a new report by The Washington Post  found that it was the Obama administration who knew that it was going to have to be delayed.

Coincidentally those were the same reasons that Mnuchin gave when questioned on it but that Democrats did not believe.

Stop the censors, sign up to get today's top stories delivered right to your inbox

Email Address:

Success!

“A confidential 2013 report by the Advanced Counterfeit Deterrence committee, an interagency group that oversees the redesign of U.S. currency, said the $20 bill would not enter circulation until 2030, similar to the timeline announced by the Trump administration…” the Post said.

In fact the two Obama officials who spoke to The Post said they had it marked for 2030, far longer than they had told the American people.

In 2016, Obama Treasury Secretary Jack Lew said a “final concept design” of the Tubman $20 would be released in 2020. He asked the government to accelerate the process of the redesign, saying the new look would be released by 2020, the 100th anniversary of women winning the right to vote.

But inside the agency, some government officials doubted that deadline could be met. A confidential 2013 report by the Advanced Counterfeit Deterrence committee, an interagency group that oversees the redesign of U.S. currency, said the $20 would not enter circulation until 2030, similar to the timeline announced by the Trump administration, according to Larry R. Felix, director of the Bureau of Engraving and Printing from 2006 to 2015.

Felix and other senior officials believed it would not be possible to release a “concept” design of Tubman on the $20 in 2020, given that these designs are never released several years — much less an entire decade — before they enter circulation.

The Treasury can release “concept” designs before the currency enters circulation in the economy, but it has never done so more than a year in advance, according to a spokesperson for the Bureau of Engraving and Printing who spoke on the condition of anonymity.

The spokesperson said the precaution is aimed at depriving hackers and other counterfeiters from having additional time to prepare for new denominations.

Felix said he told Treasury officials before leaving in 2015 that their plans to introduce a new $20 design in 2020 were not feasible, given how much security work still had to be done.

“Those announcements were not grounded in reality. The U.S. had not at the time acquired the security features to redesign and protect the notes,” he said.

“While Secretary Lew directed the BEP to accelerate the process for the $5, $10 and $20 notes, he always put security first and acknowledged that the ultimate timing and sequence would be based on security features. ” another Obama official said.

“The timeline for issuing a new $20 note remains consistent with the prior Administration’s,” a treasury spokesman said to The Post.

“As the Department and Bureau of Engraving and Printing have consistently stated, the only consideration with regard to the redesign schedule of our Nation’s currency has been security and potential counterfeiting threats.”