"As long as the roots are not severed, all is well. And all will be well in the garden."
Posted on 04/08/2024 7:17:13 PM PDT by ChicagoConservative27
During an interview with CNBC released on Monday, Treasury Secretary Janet Yellen said that “Some low-income consumers are perhaps exhausting their buffers of saving[s] that they built up during the pandemic, we’re seeing a little bit more distress at the household level there.” But despite that, “we’ve got a good, strong economy” with “very strong domestic demand” that is “on a solid track” and “generally, households are in very good financial shape.”
CNBC host Sara Eisen said, “I guess I’m just wondering if the economy continues to hold up, no matter what happens on the Fed.”
(Excerpt) Read more at breitbart.com ...
The problem is much of the former Middle Class now qualifies as Low-Income.
Whip-Inflation-Now
She is delusional.
"As long as the roots are not severed, all is well. And all will be well in the garden."
Another elitist bubble dweller. She has no clue.
I call her 'The Gnome of Hoboken' on social media - a take off on the old myths about the Gnomes of Zurich. :^D
'Brainless' could have headed off some of the present debt crisis when she was Fed Chair by refinancing our onerous national debt while interest rates were near zero. "...Inflation is transitory." ⤵🚮
YELLEN:
Working class low and middle income citizens are going under financially week by week but it’s nothing to be concerned about
ALSO YELLEN:
The good news is that 8 million newly arrived illegal aliens are living very well on handouts and freebies paid for by tax money extorted from working class citizens
/sarcasm
Okay, on average Bill Gates and a homeless vet are generally in very good shape.
(If she can say that with a straight face, Yellen must be taking lying lessons from Karine Jean-Pierre.)
[are perhaps exhausting their buffers of saving[s] that they built up during the pandemic]
Oh.....when they DIDN’T have jobs? Because the easily-terrorized were demanding they take the jab?
Oh, yeah, a LOT of money was saved up during those days. /rolls eyes
Maybe by 2% of the public.
[to find a place when they have no family and nobody to help them move it even if they could find it.]
You pretty much described my situation and I’m nowhere even near 80. But everyone is gone. If not literally (family) then close to it.
[Ask when the next COLA for Social Security will be……and how much.
She’ll never answer before Nov.]
Just watch - it will be 1.7%-2.0%
They’ll claim inflation was “only 2%” this year, so.....
keyword: SSICOLA2024 to come back to this thread and another thread
Here’s Why Nobody Believes Biden On The Economy Anymore
https://issuesinsights.com/2024/04/09/heres-why-nobody-believes-biden-on-the-economy-anymore/
Payroll.org highlighted that 78% of Americans live paycheck to paycheck, a 6% increase from the previous year. In other words, more than three-quarters of Americans struggle to save or invest after paying for their monthly expenses.”
https://www.forbes.com/advisor/banking/living-paycheck-to-paycheck-statistics-2024/
California’s Minimum Wage Hike Blamed for Fosters Freeze Store Closing Down — Worker Laments She’d Rather Have the Old Wage Because ‘Now We Don’t Have a Job’ | Moneywise
https://moneywise.com/news/economy/californias-minimum-wage-hike-blamed-for-fosters-freeze
Another member of the Harvard clown posse. It’s a very large and consistently incompetent bunch.
Yellen’s net worth in 2021 was 20 million. So, guess it’s 25 million by now, and you’d not be out of line.
So, a rich woman basically says that the rest of us are doing fine, but it’s a little tight.
I’m sure she’s living it every day. /sarc
The Bureau of Labor Statistics disagrees:
Shadow Stats disagrees. Says Consumer Inflation (CPI) is still off the charts:
http://www.shadowstats.com/alternate_data/inflation-charts
***exhausting their buffers of saving[s]***
Got to spend it on something before each dollar loses it’s value due to Bidenflation. Much like Germany in the 1920s.
A 50 lb bag of dog food in 2019, by 2021 was “NEW LARGER SIZE! A WHOLE 44 POUNDS!”
...anyone who thinks this is an outlier, is naive.
I live in a small, rural, safe Republican district(for now).
An (elderly) woman recently moving into my complex and recently I had a chance to speak with her.
She said she's an "independent", researches everything before voting.
...then she proceeds to run off a whole spew of MSM talking points like a full kool-aid drinking toad(despises Trump(Russian puppet), adores Biden, Obama, Clinton, ...)
Face it..."They Live".
They have been manufactured.
Forget about the "future" threat of AI.
...folks like this prove, the threat already exists.
If you don't think (via brain-fornication) the way they do, they want you irrelevant...or dead.
To not take this threat seriously (and deal with it seriously) is foolish...this is not run-of-the-mill political gamesmanship...this is war...and our enemy is well-positioned(controlling institutions), well-financed(corruption)...and has a "bigly" head-start on their "agenda".
The fact that they lied through their teeth is proof enough of their incompetence and insanity.
Out home insurance went up to point where it is higher than our real estate taxes. Up 20% this year over the 50% last year.
My inlaws rent is up to 3K a month on a home directly across the street from a drug dealer arrest last month. This is in Jacksonville Fl not the Hamptons. Their landlord is a large investor group that snapped up properties after the financial meltdown of 2008.
My tag line says it all about DC I fear.
And that's a big hit on your monthly payment on the mortgage, because of the increased amount you have to put into the escrow account.
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