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Dumbass: Janet Yellen says she didn't know inflation would spin out of control? Why On Earth is She the Treasury Secretary?
American Thinker ^
| 06/02/2022
| Monica Showalter
Posted on 06/02/2022 8:28:44 AM PDT by SeekAndFind
With Joe Biden's polling numbers in the tank and runaway inflation the number one issue on voters' minds, in steps Biden's Treasury Secretary, and former Chair of the Federal Reserve, to take one for the team.
Washington (CNN) US Treasury Secretary Janet Yellen admitted Tuesday that she failed to anticipate how long high inflation would continue to plague American consumers as the Biden administration works to contain a mounting political liability.
"I think I was wrong then about the path that inflation would take," Yellen told CNN's Wolf Blitzer on "The Situation Room" when asked about her comments from 2021 that inflation posed only a "small risk."
The admission was the latest indication that the administration's expectations of a normalizing economy were thrown into disarray by the continuing pandemic and the war in Europe.
"As I mentioned, there have been unanticipated and large shocks to the economy that have boosted energy and food prices and supply bottlenecks that have affected our economy badly that I didn't -- at the time -- didn't fully understand, but we recognize that now," she said.
Dammit, Janet. What a stupid person. Who the heck's job was it to keep an eye on inflation, which affects 300 million people participating in the economic system in our country? That's right, Janet Yellen, who as Treasury Secretary has the explicit job of guarding the value of the currency, and as former Fed chief under President Obama, had an even more serious job of setting monetary policy which has the highest impact on the value of the currency. She's been placed in jobs of enormous power -- she was the hand on the button of the money press -- and now she's admitting that she doesn't even know basic economics
Who's job was it to watch for inflation?
(Excerpt) Read more at americanthinker.com ...
TOPICS: Business/Economy; Government; News/Current Events
KEYWORDS: anwr; bidenflation; inflation; janetyellen; keystonexl; monicashowalter; opec; treasury
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To: SeekAndFind
You have to be stupid or pretend to be stupid to work for Biden. And the main stream media won’t report a thing.
2
posted on
06/02/2022 8:32:36 AM PDT
by
caver
To: SeekAndFind
The main job of the Chairman of the Fed (which she carried over to Treasury) is chief-economic propagandist.
The Fed has many tools over interest rates, but its biggest tool is simply “issuing guidance” or “jawboning” (lying?)
3
posted on
06/02/2022 8:34:41 AM PDT
by
PGR88
To: SeekAndFind
See my tagline. She isn’t stupid or incompetent, or if she is (likely) it only helps their agenda.
4
posted on
06/02/2022 8:34:50 AM PDT
by
rlmorel
(Nolnah's Razor: Never attribute to incompetence that which is adequately explained by malice.)
To: SeekAndFind
IS that like ‘recognizing’ you are pregnant at 7 months or more????
To: SeekAndFind
She is lying. She believes it is better to publicly state incompetence rather than admit to what was done was done on purpose.
To: SeekAndFind
because she is a woman
if it hadn’t of been her, it probably would of been a trans.
To: All
It’s not hard!
You make energy expensive; EVERYTHING IS EXPSENSIVE!
ENERGY IS THE BASIS OF EVERYTHING! EVERYTHING!
Did she spend the entire 1970s with her head up her ass?
She’s a Rat of course she did!
8
posted on
06/02/2022 8:42:01 AM PDT
by
Reily
To: SeekAndFind
Treasury Secretary Janet Yellen has more financial and analytical resources at her fingertips than thousand hedge funds combined. When Secretary Yellen claims today that she “got it wrong” about inflation, what she is doing is continuing the game of pretending; she’s positioning the administration as incompetent, not deliberate.
The illusion of incompetence plays into the scheme of hiding the fact the administration is working through a purposeful strategy. In the game of pretending; and under the current circumstances; it is better to be seen as incompetent than recognized as working with malicious intent. This is the illusion behind Joe Biden’s usefulness.
This is also the organized pretending game within DC that too few people will accept or admit. The Treasury Secretary and Federal Reserve Chairman are not making mistakes, they are working on a specific agenda and economic plan. Federal Reserve Chairman Jerome Powell was not late to raise interest rates, he waited on purpose. He waited for the political reason of waiting until the triggered 2021 inflation spike cycled through the full calendar year.
These are not monetary policy leaders making monetary policy mistakes. These are monetary policy political ideologues, carrying out a political agenda within the U.S. economy. This is part of what National Economic Council Chairman Brian Deese would call the “economic transition.”
WATCH this through the correct prism:
![](https://theconservativetreehouse.com/wp-content/uploads/2021/10/biden-and-yellen.jpg)
9
posted on
06/02/2022 8:42:02 AM PDT
by
Bratch
To: SeekAndFind
“Inferior people should not be employed.”
10
posted on
06/02/2022 8:42:04 AM PDT
by
Sirius Lee
(They intend to murder us. Prep if you want to live and live like you are prepping for eternal life)
To: SeekAndFind
In other words:
She gets paid to go out and LIE for a group of Politicians that Never tell the truth.
Why does she have a Job?
11
posted on
06/02/2022 8:42:27 AM PDT
by
eyeamok
(founded in cynicism, wrapped in sarcasm)
To: SeekAndFind
Why On Earth is She the Treasury Secretary?Rhetorical question, right?
Yellen is a female - check
Yellen never had a job in the private sector - check
Yellen is an academic - check
Yellen is a life long Democrat and leftist - check
Yellen has never achieved anything tangible in her life - check
Yellen is butt ugly - check
All the qualifications to work in government.
12
posted on
06/02/2022 8:46:48 AM PDT
by
ConservativeInPA
(Scratch a leftist and you'll find a fascist )
To: SeekAndFind
You had one job. One job!
13
posted on
06/02/2022 8:48:50 AM PDT
by
Huskrrrr
(Alinsky, you magnificent Bastard, I read your book!)
To: SeekAndFind
Why On Earth is She the Treasury Secretary?
—
Because she has no clue and is sincerely able to screw up everything which helps destroy America according to plan, and right on schedule for the open ballot Red Tsunami in the fall.
14
posted on
06/02/2022 8:50:06 AM PDT
by
PIF
(They came for me and mine ... now its your turn)
To: SeekAndFind
Of course she knew. She isn’t dumb.
IT’S THEIR PLAN.
15
posted on
06/02/2022 8:50:19 AM PDT
by
Baldwin77
(Super, Duper, Ultra Maga, subject of the Ultra Maga King Donald)
To: SeekAndFind
For a long time the excess money pumped into the economy was used to invest in the stock market, buy houses and during the pandemic to pay down debt. The Treasury even complained about the debt payment because the stimulus was supposed to increase spending short term, not benefit people long term with a lower debt load. Now those pools are not big enough to absorb the inflation off the books so it is spilling into the general Main Street economy.
16
posted on
06/02/2022 8:52:55 AM PDT
by
KarlInOhio
(If Hitler invaded Hell, I would make at least a favourable reference of the Devil...-Churchill)
To: SeekAndFind
“Why On Earth is She the Treasury Secretary?”
For mere appearances sake, that’s why!
17
posted on
06/02/2022 8:56:49 AM PDT
by
equaviator
(There's nothing like the universe to bring you down to earth.)
To: SeekAndFind
Liability? It’s a disaster happening right before our eyes.
To: SeekAndFind
Ideology trumps competence. She’s a party apparatchik comrad.
19
posted on
06/02/2022 8:58:23 AM PDT
by
VTenigma
(Conspiracy theory is the new "spoiler alert")
To: Bratch
Why do I have the idea that Build and Better don’t mean the same thing to that crowd as it does to you and me.
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