Posted on 06/01/2022 10:09:26 AM PDT by PJ-Comix
So Janet Yellen finally admits that she was WRONG about inflation being merely "transitory" because she didn't understand what was going to happen. The big question is WHY Janet Yellen remains as Secretary of the Treasury. After her humiliating admission, WHY hasn't she resigned? Sleepy Joe won't fire her because he never admits he was wrong since he too was hyping that inflation was merely "transitory."
Anyone with even a brief familiarity with an Economics 101 textbook would immediately understand that when you vastly increase the money supply in order to pay for yuuuuuuuge multi-trillion dollar government programs, it would result in (SURPRISE! SURPRISE!) high inflation. Yet we have a Secretary of the Treasury who admitted that she was too clueless to understand this basic economic factor that was predicted by many including even some honest Democrat economists such as Larry Summers and Steve Rattner.
And now EVERYBODY has to suffer much higher gasoline, food, and other prices due to the complicity of this regime in hyping hyperinflationary policies whose effects were utterly predictable.
PING!
Jumped 50 cents overnight here
The old hag is nothing but a libtard hack and should be ignored đ€Ș
Joe Biden: “Oops, I was wrong about everything.”
Letâs go Brandon!
> After her humiliating admission, WHY hasn’t she resigned? <
Iâll field that one.
1. Liberals have no shame.
2. The media never holds liberals accountable for anything.
3. Yellen has been incompetent in the past. But âThis time it will be different.â
Because she's a libtard... stupidity, ignorance and incompetence are resume enhancers for these vile, lying, demented scum.
Specifically that pic is of a gas station in Menlo Park, CA as of May 23 so probably even HIGHER now.
What an awesome pic for sectres huh? SMDH! đ”âđ«đ€Ź
She should be fired. Not too tough to find another stooge.
And with every blackout this summer think “Oops, green energy can’t meet the demand”.
I guess you're kind of stupid, would that be fair to say?
“Gosh are our faces red! We only spent $Trillions.”
RESIGN!!!!!!!!!!!!!!!!
> And with every blackout this summer think âOops, green energy canât meet the demandâ. <
Conservative response: âThe evidence is clear. We need to return to more traditional energy sources.â
Liberal response: âWe need more green energy! And why hasnât my power been on for three days? Iâll bet those greedy electric company executives caused it.â
WUUUUUNDERFUL green energy to be generated by solar panels, windmills, pixie dust, and unicorn farts!
....aaaand the market instantly tanks
I think they knew it would result in heavy inflation.
They just over-estimated their ability to “message” over it and fool stupid people.
“After her humiliating admission, WHY hasnât she resigned?”
Because their positions are too lucrative and cushy.
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