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Dumbass: Janet Yellen says she didn't
know inflation would spin out of control?

Original Article

Posted By: PageTurner, 6/2/2022 9:23:37 AM

With Joe Biden's polling numbers in the tank and runaway inflation the number one issue on voters' minds, in steps Biden's Treasury Secretary, and former Chair of the Federal Reserve, to take one for the team. Washington (CNN) US Treasury Secretary Janet Yellen admitted Tuesday that she had failed to anticipate how long high inflation would continue to plague American consumers as the Biden administration works to contain a mounting political liability. "I think I was wrong then about the path that inflation would take," Yellen told CNN's Wolf Blitzer on "The Situation Room"

Comments:

So stupid she doesn't even know how bad she looks.

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Reply 1 - Posted by: paral04 6/2/2022 9:33:21 AM (No. 1173515)
Another Left-wing expert screwing up our country. Can we hold on until 2025 to get rid of these people? I know we have a shot in November to fix some of this but the cabinet and Executive Branch are a horror show.
24 people like this.

Reply 2 - Posted by: Mizz Fixxit 6/2/2022 9:45:10 AM (No. 1173541)
Based on past performance, the stupid party won’t use Yellen’s words in campaign ads.
14 people like this.

Reply 3 - Posted by: jeffkinnh 6/2/2022 9:47:10 AM (No. 1173544)
This is the usual and, unfortunately, textbook example of liberals in important positions that have NO CLUE as to how to do their job. It is extremely rare to find a liberal that is competent in their job. So what is their value? They are loyal and obedient to the liberal cause. They will say what they are supposed to say and do what they are supposed to do, for their party. If they are so incompetent, why do they keep popping up? When they are proposed for a position, it will be noted that they went to the right schools and they have been in many important posts. If questions are asked about their accomplishments in their positions, the media blocks them in various ways, charges of racism or misogynism being often used. BO was a blatant example of this. What did this "community organizer" accomplish? The answer was "very little" but that was blocked and suggestions of racism were floated. So, we got a president who, in 8 years, accomplished very little except following the Progressive path. That path stalled economic growth and made a mess of many, many things but since he followed liberal dogma, the "watchdog" media said nothing. Yellen did what the administration wanted her to do, consequences be damned. It's as simple as that.
28 people like this.

Reply 4 - Posted by: ToryWhite 6/2/2022 9:48:34 AM (No. 1173547)
One thin the author has wrong, here: "This person has and still has been given enormous power of state, and yet she now admits she has the knowledge of the average Joe on monetary economics." I would change that; actually, the 'average Joe' has MORE knowledge than Yellen on inflation. Yellen's up in her silly post-academe cloud, now into politics, again, where all our Bidenfolly resident has-beens reign. The average Joe understands inflation, if only because he/she lives it. Yellen apparently doesn't have the imagination for it, as I doubt in her daily life she even notices. Not a problem when you are on the Bidenfolly gravy train.
15 people like this.

Reply 5 - Posted by: stablemoney 6/2/2022 9:56:13 AM (No. 1173557)
Yellen has always been a Democrat toady. That is why she has gotten the jobs she has. A toady for climate change, green new energy, and stake capitalism, i.e., socialism. Yellen is in the Robert Reich, Paul Krugman, John Kerry school of thought. In other words, tear down and completely ruin the country, so they can make it better. It is a view held by the select. The rest of the country, being practical, can't see how destroying themselves will make it better.
16 people like this.

Reply 6 - Posted by: mifla 6/2/2022 9:58:59 AM (No. 1173565)
Another Democrat who has yet to figure out that if you take a paycheck, you are expected to do the job.
13 people like this.

Reply 7 - Posted by: padiva 6/2/2022 10:04:08 AM (No. 1173575)
If a CFO of a major corporation made such a blunder, he/she would be out the door immediately.
12 people like this.

Reply 8 - Posted by: TLCary 6/2/2022 10:07:11 AM (No. 1173576)
We should all get jobs with the Federal Reserve... since every one of us have better economic chops than Obama's Fed Chair. Now she can move on to explain how they couldn't imagine how Biden's energy policies would drive up prices at the pump.
9 people like this.

Reply 9 - Posted by: Plex 6/2/2022 10:29:17 AM (No. 1173599)
A little slack.. no one seems to talking about the impact of oil prices causing price rises in every thing which looks a lot like inflation. The increased price of fuel increases the cost of shipping which increases the cost of aspirin.
3 people like this.

Reply 10 - Posted by: Ribicon 6/2/2022 10:51:29 AM (No. 1173619)
Of course she knew. She and Jerome are destroying the USA intentionally, and they and the bankers will profit from it handsomely, too.
9 people like this.

Reply 11 - Posted by: NorthernDog 6/2/2022 11:00:40 AM (No. 1173628)
It's been known for about 500 years that a massive influx of cash into a society will screw-up it's economy. One reason the Spanish Empire unraveled was all that Incan gold brought back to Europe distorted the value of everything.
4 people like this.

Reply 12 - Posted by: EJKrausJr 6/2/2022 11:06:07 AM (No. 1173635)
Yellen was chairperson of the Federal Reserve, and now she is telling everyone she has no clue about the causes and resolution of inflation. What a Stored High in Transit beaurocrat. The FJB administration is full of numb nuts and incompetent boobs.
5 people like this.

Reply 13 - Posted by: on fire 6/2/2022 11:07:21 AM (No. 1173637)
Actually, she is not stupid. They want you to believe she is (an Econ phd, thousands of resources??). No, it’s much easier to say OOPS than say ‘I’m helping to destroy this country’. Destroy the Econ, destroy the supply chains, destroy the legal system, destroy borders, destroy religion, destroy roles of men & women, destroy childhood, destroy the military, etc. they’ve been working on this a long time - Bumbling Brandon as frontman was a calculated choice.
4 people like this.

Reply 14 - Posted by: cold porridge 6/2/2022 11:21:38 AM (No. 1173656)
If she didn't know, then why the heck is she in the position she is in? She admits she doesn't know what she is being paid big bucks to know. Kinda like most of the rest of DC I guess,,,
2 people like this.

Reply 15 - Posted by: SkeezerMcGee 6/2/2022 11:24:14 AM (No. 1173660)
When we are suffering from fuel shortages, rationing electricity, and maybe food shortages, these (Full Speed Ahead) Green New Deal politicians are going to say, "Sorry; we didn't see this coming."
5 people like this.

Reply 16 - Posted by: Rich323 6/2/2022 11:32:57 AM (No. 1173669)
This is what affirmative action gets you - absolute chaos due to ignorant, incompetent fools being put in positions of power. The military has the same problem, as the commanders think anybody can do any job and put the political animals in charge. That’s why we see all the political wokeness versus staunch military processes as political operatives have replaced warriors at the command levels. We’re screwed at every level of government!
4 people like this.

Reply 17 - Posted by: Ashley Brenton 6/2/2022 12:34:10 PM (No. 1173746)
You had one job. One.
4 people like this.

Reply 18 - Posted by: DVC 6/2/2022 12:46:18 PM (No. 1173766)
Milton Friedman made a series of TV shows on basic, simplified economics. Here's "How To Cure Inflation". https://www.youtube.com/watch?v=jE7zxo61Xc8 Perhaps Yellen can watch it and upgrade her knowledge beyond that of a dim fourth grader.
6 people like this.

Reply 19 - Posted by: Delilah 6/2/2022 1:09:22 PM (No. 1173786)
I hate to hear this woman talk. She sounds like a none too bright third grader reading from a book.
1 person likes this.

Reply 20 - Posted by: Shmowry1 6/2/2022 1:17:52 PM (No. 1173790)
No she's not. She did this on purpose. It's time to decentralize the US government. Move as many departments as possible out of D.C., including the Fed. That way they can't crony up at all of their stupid parties and talk about how they are going to take down the next republican and convince the masses that wokeism is the religion of the future. Decentralize DC.
1 person likes this.

Reply 21 - Posted by: rochow 6/2/2022 2:33:41 PM (No. 1173884)
Is she expecting that the bidet will choose her as VP the next time around???? This liar apparently does not have the brain that she always purported to have. Another lying dem, nothing else!
1 person likes this.

Reply 22 - Posted by: rytwng 6/2/2022 3:03:17 PM (No. 1173917)
Another idiot. There are so many.
2 people like this.

Reply 23 - Posted by: MickTurn 6/2/2022 3:33:25 PM (No. 1173941)
And SHE is an Expert, at what I have No Idea...maybe at being clueless!
0 people like this.

Reply 24 - Posted by: Starboard_side 6/2/2022 3:51:14 PM (No. 1173967)
Agree with #2, the GOP should be using her words, and that she was his pick, and widely supported by the Democrat party, which links them all to inflation.
1 person likes this.

Reply 25 - Posted by: JimBob 6/2/2022 5:56:56 PM (No. 1174062)
Janet, you had one job. ONE JOB! ..... and you screwed it up!
0 people like this.

Reply 26 - Posted by: MDConservative 6/2/2022 6:36:49 PM (No. 1174095)
There is a purpose behind inflation when you owe $30 TRILLION. A few years of 15 percent inflation will do it. It’s funny money anyways.
1 person likes this.

Reply 27 - Posted by: Faithfully 6/2/2022 9:45:22 PM (No. 1174289)
#17 Laughing my a.. off.
0 people like this.

Reply 28 - Posted by: tootall 6/3/2022 9:47:13 AM (No. 1174678)
How can such 'brilliant' people be so wrong, almost ALL of the time! But lets take their advice how to get out of the predicament they created where we find ourselves currently. Honey, the directions you gave me have us hopelessly lost. You've admitted you have no clue as to how we should move from here. WHAT SHOULD WE DO NEXT!! Is this not the classic definition of insanity?
0 people like this.

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