Posted on 06/26/2022 11:56:12 AM PDT by John Semmens
In a Senate Banking Committee hearing this week, Federal Reserve Chairman Jerome Powell testified that "Putin's invasion of Ukraine was not a significant factor in the inflation we're now experiencing. Inflation rose from 1.4% in January 2021 to 7% by December of 2021. The invasion of Ukraine didn't start until February 24, 2022. So, it is clear that the biggest source of our current woes has been the excessive government spending unleashed by President Biden and Congress."
Powell also warned of a "probable recession and stagflation." Stagflation is a phenomenon that features simultaneous high prices and economic recession. The last occurrence of this in the US was during the Carter Administration. Many attribute Carter's loss to Ronald Reagan in the 1980 election to stagflation.
Biden called Powell's remarks "unpatriotic. In time of war it is essential that every American rally behind their Commander-in-Chief. That Powell hasn't done this shows a serious lack of character. If I had known this about him I wouldn't have reappointed him as Chairman of the Federal Reserve."
Chairmen of the Federal Reserve serve terms of four years and report directly to Congress. The President cannot simply fire them. Upon being reminded of this, Biden expressed a hope that "some loyal American would take Powell out behind the Federal Reserve building and beat the hell out of him. If the beating is thorough Powell may resign and I can appoint a more obedient successor."
Biden is similarly outraged by gas stations that are charging high prices for gasoline. He dismissed contentions that the high prices are needed to recoup the high cost of obtaining new supplies, saying "these are not normal times. This is a time of war. I'm doing my part. I want the congress, states, the industry to do their part as well." He steadfastly rebuffed suggestions that he reverse his executive orders that reduced the supply of gasoline, calling it "short-sighted. In a few years, gasoline will be illegal in this country. That was my 2020 campaign promise. It's what the voters elected me to do."
If you missed any of the other Semi-News/Semi-Satire posts you can find them at...
https://www.gopbriefingroom.com/index.php/topic,473453.0.html
Way to go Brandon!
I should say not - because it all started before Putin started his current shenanigans. And if it made it worse, it was because Biden’s policies made us more vulnerable to the same...(and policies from the past that we were moving away from under Trump but went back to with a vengeance starting day one of Biden)
No doubt that Putin is at fault for this as well:
‘Army Drops Requirement for High School Diploma Amid Recruiting Crisis’
https://www.military.com/daily-news/2022/06/24/army-drops-requirement-high-school-diploma-amid-recruiting-crisis.html#:~:text=Army%20Drops%20Requirement%20for%20High%20School%20Diploma%20Amid%20Recruiting%20Crisis,-Eighteen%20high%20school&text=The%20Army%20is%20tossing%20its,hitting%20the%20entire%20Defense%20Department.
I hear Putin personally has been destroying baby formula!
Ya can’t make this stuff up!
“I consider the society of today as insane…”
- Rabbi Joseph B. Soloveitchik
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