What a genius Yellen is.
Janet Yellen gave a ‘No Confidence Vote’ on a Democrat “Recovery”, she did get that part right...
but knowing what she has said about QE3 (the FED buying up bonds at a tune of $80 billion per month to stimulating job growth) suggest she isn’t ever going to criticize Democrat Policies not working, almost as if she believes they should work.
That $80 billion per month QE3 is one measure of the economic damage Democrats have done.
I’d give her today’s NSS (No Sh** Sherlock) Award.
Janet can:
1) Stop printing money out of thin air allowing interest rates to rise to market levels and after more than a decade of the Fed artificially keeping rates down allow citizens who save money to earn a decent recent on their savings. Higher market rates would also force the President and Congress to actually do something about spending as well. Plus it would stop the conspiracy by China, Russia, Brazil, Iran and others to remove the dollar as the world’s reserve currency.
2) Continue to print money, thereby devaluing the currency and increasing inflation for middle class working people.
Watch Janet make the obvious choice, door #2. Just like her predecessors Greenspan and Bernanke. When you are in the palace eating cake with your elite friends, who cares about the little people?