Posted on 10/27/2023 6:19:34 AM PDT by ChicagoConservative27
During an interview with Bloomberg on Thursday, Treasury Secretary Janet Yellen reacted to negative sentiment on the direction of the American economy by stating that people “have been through a lot with the pandemic and the lockdown for almost two years, then a period of high inflation” and there are structural issues that have existed for a while, but people “do seem to feel good about their own personal finances.”
Yellen said, “I think Americans have been through a lot with the pandemic and the lockdown for almost two years, then a period of high inflation. And, as you say, they do seem to feel good about their own personal finances. Surveys of job satisfaction suggest people feel good about their work, too. We’ve rarely seen higher numbers on job satisfaction. But they seem very worried about the economy and that things are not doing well. The U.S. economy has suffered from structural problems…for a very long time. A significant share of the population, particularly those who haven’t had a college education, have really not seen meaningful growth in their real income and have seen a decline in job opportunities over, really, approaching 50 years. And I think what Americans need to know is that the Biden-Harris administration is really decisively changing that.”
(Excerpt) Read more at breitbart.com ...
People not paying their car loans etc etc etc
She’s very delusional. Please proceed.
The Stock and Bond markets are doing GREAT.....
Let’s grasp just how either stupid this ignorant **** is, or (more probable) how easily she’s agreeing to lie at CNN levels about the results of her POS president.
Stock market stagnant; bond market down.
IRAs, 401Ks and other investment accounts are down significantly when adjusted for inflation since 2020.
This is the worst my personal finances have been since the Carter years in the 70’s!
All was good until this administration took over.
ah the beltway bubble strikes again
Yep. People with subprime car loans and behind six or more months on payments is at a high not seen for years.
I hate hate hate government idiots who gaslight us.
But at least they feel good about it.
I’m sure glad I don’t need to buy a house right now. I guess that’s me being a little bit selfish, kinda like how yellen is. We can turn our eyes away from other people’s problems
Swamp drunk on its own sewage.
Idiota.
She’s not stupid, but she knows the voters are.
This little troll is very stupid. Maybe she can make a wonderful roast for her dinner parties.
Credit card debt through the roof, car repossessions through the roof, can’t afford to buy houses, but this dumb broad thinks people are happy about it?
I can tell you that I’ve saved a LOT of money just out of fear for what’s coming. In NUMEROUS coinage.
Nowadays, we have regular surveys of people asking about their finances, and asking in particular if people are having difficulty making ends meet. Yellen is misrepresenting what people are saying about their finances.
No one believes any damn thing coming out of these a-holes mouths
By bringing in millions of illegals to compete with them.
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