Free Republic
Browse · Search
General/Chat
Topics · Post Article

Skip to comments.

As Inflation Continues To Roar, Why Do Biden, Powell, And Yellen Still Have Jobs?
Issues & Insights ^ | 15 Feb, 2023 | I & I Editorial Board

Posted on 02/15/2023 5:34:53 AM PST by MtnClimber

Almost exactly two years ago today, the New York Times ran an article headlined: “Biden and Fed Leave 1970s Inflation Fears Behind.”

That story has not aged well. Neither have the troika of ideologues and imbeciles behind the rebirth of ‘70s-era inflation.

On Tuesday, the Bureau of Labor Statistics reported that prices climbed 0.5% in January, which is up from December’s 0.1% hike. Prices were up 6.4% over the year before, which is higher than economists had been predicting and comes amid warnings that inflationary pressures are building again.

This all comes one week after President Biden reassured the nation that “here at home, inflation is coming down.”

And it comes two years after the New York Times reported how Biden, Treasury Secretary Janet Yellen, and Federal Reserve Board Chairman Jerome Powell were all in agreement that spending $1.9 trillion to stimulate an economy that was already roaring back from the COVID lockdowns would not set off an inflationary spiral.

“Administration and Fed officials argue that workers not getting enough stimulus help is a larger concern than potential spikes in consumer prices,” the Times wrote on February 15, 2021.

The story quotes Yellen saying “I have spent many years studying inflation and worrying about inflation. But we face a huge economic challenge here and tremendous suffering in the country. We have got to address that. That’s the biggest risk.”

The Times notes that Powell gave a speech in which he pushed back on the idea that Biden’s spending splurge combined with easy money when the economy was roaring back from the COVID lockdowns would spark inflation.


TOPICS: Business/Economy; Society
KEYWORDS:
Navigation: use the links below to view more comments.
first 1-2021-35 next last

1 posted on 02/15/2023 5:34:53 AM PST by MtnClimber
[ Post Reply | Private Reply | View Replies]

To: MtnClimber

Stolen elections have consequences.


2 posted on 02/15/2023 5:35:04 AM PST by MtnClimber (For photos of Colorado scenery and wildlife, click on my screen name for my FR home page.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: MtnClimber

Because over half of “Americans” are idiots?


3 posted on 02/15/2023 5:37:06 AM PST by TTFlyer (Lenin: that by the infliction of terror, a well-organized minority can conquer a nation.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: MtnClimber

“Prices were up 6.4% over the year before..”

find one person that paid only $106.40 for the identical bag of groceries that cost $100 last year....


4 posted on 02/15/2023 5:37:26 AM PST by wny
[ Post Reply | Private Reply | To 1 | View Replies]

To: MtnClimber
Biden was elected. His firing comes in Nov. 2024.

Now what should he do to tame inflation? Ten steps.

5 posted on 02/15/2023 5:38:24 AM PST by joesbucks
[ Post Reply | Private Reply | To 1 | View Replies]

To: MtnClimber

When “powers that be” are allowed to hijack elections - this is what can be expected. Has there ever been a hijacked election anywhere in the world over the course of history, that enabled great leaders to succeed? Not that I’m aware of. fake elections always empower criminals, thugs, and despots.


6 posted on 02/15/2023 5:38:44 AM PST by TheBattman (Democrats-Progressives-Marxists-Socialists - redundant labels.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: MtnClimber

Because it’s all intentional. Sock Puppet’s Communist handlers want to destroy the USA, and they’re doing an effective job.


7 posted on 02/15/2023 5:39:25 AM PST by twister881
[ Post Reply | Private Reply | To 1 | View Replies]

To: wny

Isn’t food exempt from the inflation calculations?


8 posted on 02/15/2023 5:40:49 AM PST by Russ (I )
[ Post Reply | Private Reply | To 4 | View Replies]

To: wny

These folks are utterly clueless in how inflation is calculated - and what a certain batch of politicians did to cause that fraudulent method to be used. Here’s a hint:

Cost of living and inflation calculations no longer include such luxuries as groceries. They were labeled as “commodities” and thus too volatile to be used in the calculation (never mind - it is the single greatest direct expense for the average consumer and family).

Fuel is also not counted - for the same reason.

The thing is - almost no real expense is up ONLY 6.4%. Eggs - 300%+ Fuel is still nearly 2X what it was when the fraud election of 2020 took place. Electricity is up far more than 6.4%. Natural gas as well. About the only thing cheaper today than when Biden was fraudulently elected and installed - are LED TVs!

Even the Chinese crap from Wish .com is more expensive!!!


9 posted on 02/15/2023 5:43:45 AM PST by TheBattman (Democrats-Progressives-Marxists-Socialists - redundant labels.)
[ Post Reply | Private Reply | To 4 | View Replies]

To: Russ

Correct.


10 posted on 02/15/2023 5:43:59 AM PST by TheBattman (Democrats-Progressives-Marxists-Socialists - redundant labels.)
[ Post Reply | Private Reply | To 8 | View Replies]

To: wny
“Prices were up 6.4% over the year before..”

I think we're going to need a new pair boots...

11 posted on 02/15/2023 5:49:14 AM PST by unread ("It's not enough that we do our best; sometimes we have to do what's required." W. Churchill.)
[ Post Reply | Private Reply | To 4 | View Replies]

To: MtnClimber

Don’t worry. We’ve got the GoFundMe idiots to drag our asses out of this. Sarc/ Who the hell are those retards?


12 posted on 02/15/2023 5:52:03 AM PST by FlingWingFlyer (Remember what FJB Brandon said, "...more than half of the women in my administration are women.")
[ Post Reply | Private Reply | To 1 | View Replies]

To: MtnClimber

Because most Americans know what the Marxist Media tell them to know.


13 posted on 02/15/2023 5:55:04 AM PST by Jeff Chandler (THE ISSUE IS NEVER THE ISSUE. THE REVOLUTION IS THE ISSUE.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: MtnClimber

They’re in power because we ar no longer a free nation...these people have taken over and they know. All the money and power is behind them....they do not care and will do and say whatever they want.


14 posted on 02/15/2023 5:56:44 AM PST by mikelets456
[ Post Reply | Private Reply | To 1 | View Replies]

To: MtnClimber

The ruling elite does all it can to remain in power. They don’t care if the folks are hurting.


15 posted on 02/15/2023 5:57:22 AM PST by I want the USA back (News media are pond scum. My pronouns: Haha, heehee, hoho, hoo hoo. )
[ Post Reply | Private Reply | To 1 | View Replies]

To: MtnClimber
commierat
16 posted on 02/15/2023 6:02:15 AM PST by The Louiswu (Michael Ries)
[ Post Reply | Private Reply | To 1 | View Replies]

To: MtnClimber

They will continue to have jobs and what’s more, Biden will “win” the next election if he runs.. If he doesn’t run then whichever democrat does run will “win”.

Take this to the bank.


17 posted on 02/15/2023 6:14:08 AM PST by TalBlack (We have a Christian duty and a patriotic duty. God help us.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: TheBattman

> When “powers that be” are allowed to hijack elections... <

Biden was put in power - and remains in power - by a combination of the Deep State, the GOPe, and the mainstream media.

In some ways the media is the worst of them. All news that would hurt the Biden administration is minimized, or is not reported at all. So half the country has no idea what’s going on. And that’s just the way the powers that be like it.


18 posted on 02/15/2023 6:17:42 AM PST by Leaning Right (The steal is real.)
[ Post Reply | Private Reply | To 6 | View Replies]

To: MtnClimber
As Inflation Continues To Roar, Why Do Biden, Powell, And Yellen Still Have Jobs?

Because the media fails to report ANY bad news for these idiots?

19 posted on 02/15/2023 6:19:30 AM PST by unixfox (Abolish Slavery, Repeal the 16th Amendment)
[ Post Reply | Private Reply | To 1 | View Replies]

To: joesbucks
> Biden was elected. His firing comes in Nov. 2024.

The Democrats have been playing 12 D chess with our electoral system for the past 100+ years.

The combination of the 17th Amendment ( which effectively ended State sovereignty ), illegal immigration coupled with counting non citizens in the Census ( allowing the Democrats to be grossly overrepresented in the Electoral College ), and the combination of early voting, ballot harvesting, and mail in ballots ( enabling the Democrats to constantly monitor and manipulate election results in realtime ), have effectively given them permanent control of a centralized, post-constitutional government .

Sure there are pockets of resistance ( most of which are merely for appearance sake ), but as seen during President Trump's term, any meaningful change to the current Democrat/Kleptocrat system we have now cannot be achieved through the ballot box.

20 posted on 02/15/2023 6:33:20 AM PST by SecondAmendment (This just proves my latest theory ... LEFTISTS RUIN EVERYTHING !!!)
[ Post Reply | Private Reply | To 5 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-35 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
General/Chat
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson