Treasury Secretary Janet Yellen admits
surging 7.5% inflation is 'NOT acceptable'
but claims US economy would be even WORSE
without Biden's lavish spending
Agence France-Presse & Daily Mail (UK),
by
Jimmy Mccloskey
Original Article
Posted By: Ribicon,
2/17/2022 6:10:03 PM
Treasury Secretary Janet Yellen has admitted soaring US inflation is 'not acceptable'—then insisted the American economy would be even worse were it not for the very spending by the Biden administration that has been blamed for soaring prices. Speaking to AFP, Yellen said of the rise in cost of living—which hit 7.5 per cent last month: 'Inflation is clearly a great concern to Americans, and it really needs to be addressed. 'Certainly it's not acceptable to stay at current levels.' Her words were in marked contrast to Joe Biden's, who has repeatedly insisted that surging inflation figures are 'elevated,' and a temporary phenomenon. Yellen—who is America's first female
Reply 1 - Posted by:
marbles 2/17/2022 6:12:10 PM (No. 1074968)
The dems base will think this makes great sense. Those that can reason know better.
6 people like this.
Reply 2 - Posted by:
TLCary 2/17/2022 6:14:29 PM (No. 1074972)
The same logical fallacy of assuming that, even though you got terribly sick from COVID after getting the Jab (even though 40% have no symptoms at all) it would have been MUCH WORSE IF... Maybe they think people are that gullible, or maybe our elite really are that stupid.
8 people like this.
Reply 3 - Posted by:
SALady 2/17/2022 6:23:46 PM (No. 1074984)
Is there a lie-beral out there anywhere with more than 5 working brain cells?!?!? I am sure not seeing one.
Pelosi, biden, Harris, AOC, Yellen, etc, etc -- I don't think they actually have 5 working brain cells between them!!!
10 people like this.
Reply 4 - Posted by:
volksford 2/17/2022 6:32:33 PM (No. 1074993)
This is nuts , it deifies logical economics.
8 people like this.
Reply 5 - Posted by:
Norway 2/17/2022 6:34:21 PM (No. 1074994)
These people are insane. I, with social work degree, could and would manage the economy better than these idiot traitors.
10 people like this.
Reply 6 - Posted by:
padiva 2/17/2022 6:37:50 PM (No. 1074997)
Is she desperately waiting for her 'free' crack pipe?
7 people like this.
Reply 7 - Posted by:
Nimby 2/17/2022 6:49:08 PM (No. 1075008)
Am I expected to believe this 76 year old spouting such nonsense? She seems to have as many functioning neurons as Biden!! I may not have a PhD in economics (like her), but I know that printing money and spending more is not going to control inflation
9 people like this.
Reply 8 - Posted by:
49 Ford 2/17/2022 6:49:47 PM (No. 1075009)
Economic Illiteracy 101
10 people like this.
Reply 9 - Posted by:
VAPMAN 2/17/2022 6:52:22 PM (No. 1075013)
Hey Janet, your not a very good liar. You need to sign up for lying lesions from the Clintons.
4 people like this.
Reply 10 - Posted by:
JHHolliday 2/17/2022 6:53:21 PM (No. 1075014)
They will raise interest rates slightly and the media will say that they are “doing something” to bring down inflation. The Fed can’t raise rates enough to make a difference or the entire budget will go to service the debt. The drunken sailor spending has now caught up and they can’t kick the can down the road any longer. Do everything you can to get out of debt and hunker down. The worst is yet to come.
7 people like this.
Reply 11 - Posted by:
billsv 2/17/2022 6:57:49 PM (No. 1075016)
As in the past, Janet Yellen is wrong again. Keynesian economics of which she subscribed has never ever worked in the history of the world. The spending should never have happened and the excessive printing of money has never ever had a good result. Look at history
6 people like this.
Reply 12 - Posted by:
stablemoney 2/17/2022 6:58:26 PM (No. 1075017)
Janet Yellen should be removed from office for spreading these lies. And this lie is extremely egregious.
7 people like this.
Reply 13 - Posted by:
smokincol 2/17/2022 7:01:15 PM (No. 1075020)
spending does not increase wealth unless you know the results before you make the expenditure - this bunch of goofballs couldn't find there _ _ _ with both hands , never mind guide the most prosperous country in the world, prior to January 2?, 2021 to a secure future
3 people like this.
Reply 14 - Posted by:
janjan 2/17/2022 7:11:20 PM (No. 1075034)
Yellen does not believe what she’s saying. She’s just a cheaply bought partisan hack.
6 people like this.
Reply 15 - Posted by:
rochow 2/17/2022 7:19:14 PM (No. 1075045)
Another one suffering from dementia! Add to that her political bend and you know no one should pay attention to her!
3 people like this.
Reply 16 - Posted by:
jalo1951 2/17/2022 7:19:52 PM (No. 1075048)
I took Econ 101 in high school over 50 years ago. And I know what is coming out of her mouth is pure baloney. The self-inflicted energy crisis would be a good place to start. This clown car administration is full of idiots. From the top down.
7 people like this.
Reply 17 - Posted by:
49 Ford 2/17/2022 7:29:33 PM (No. 1075051)
History, # 11? This bunch of loony tunes don't need no Stinkin' Historee!
1 person likes this.
Reply 18 - Posted by:
Venturer 2/17/2022 7:55:34 PM (No. 1075073)
I am earning 0.50% on my CD.
Joe Bidens spending and inflationary tactics has cost me 6.5% of every dollar I had saved. Now this woman can talk all of the trash she wants, but I know when I started losing money. It started 1-20-21, the day this disgrace took office.
3 people like this.
Reply 19 - Posted by:
EJKrausJr 2/17/2022 7:59:04 PM (No. 1075077)
Janet Yellen used to be Chairperson on the Federal Reserve. Appointed by BHO. One might think she has no clue how basic economics works. Now she is the Treasurer of the US, and still has no clue. She knows how to get to Venezuela and she is taking us down that road.
4 people like this.
Reply 20 - Posted by:
caljeepgirl 2/17/2022 8:29:00 PM (No. 1075102)
She must have picked up a bit of dementia from her boss!
0 people like this.
Reply 21 - Posted by:
downnout 2/17/2022 8:30:29 PM (No. 1075104)
So everything we learned in Econ 101 about inflation (too much money chasing too few goods) was wrong? Really?
When she was the Fed head she should have raised rates but instead rates have been kept artificially low enabling the government to save billions of dollars in interest payments.
3 people like this.
Reply 22 - Posted by:
curious1 2/17/2022 8:56:32 PM (No. 1075122)
Did Yellen attend the same university AOC did? They sound equally ignorant, and are quite possibly stupid.
6 people like this.
Reply 23 - Posted by:
hershey 2/17/2022 9:48:39 PM (No. 1075165)
Whatever liberal college gave Yellen her economics degree should take it back..if she ever had one...
2 people like this.
Reply 24 - Posted by:
DVC 2/17/2022 10:29:01 PM (No. 1075208)
She's either lying intentionally, a so stupid that she shouldn't be anywhere near anything more "economic" than a checkout line at McDonalds.
3 people like this.
Reply 25 - Posted by:
paral04 2/17/2022 10:48:03 PM (No. 1075225)
Yellen has always been an ugly idiot.
0 people like this.
Reply 26 - Posted by:
cedar 2/18/2022 12:27:51 AM (No. 1075258)
What a moron! This is like telling someone mired deeply in debt to go out and keep spending — on credit.
All the “old” people in DC need to retire.
1 person likes this.
Reply 27 - Posted by:
franq 2/18/2022 7:50:14 AM (No. 1075415)
Further proof that any number the government puts out, whether inflation, employment, COVID deaths, or cost of a "program" is off by a factor of two to ten. Incorrigible liars.
2 people like this.
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Clown USA has the equivalent of an insane asylum escapee running the treasury and a fool at the Fed who likes watching the money printer go brrrrrrr. They're destroying our life's savings and laughing about it.