Posted on 08/28/2022 9:30:00 AM PDT by ChicagoConservative27
Sen. Elizabeth Warren, D-Mass., said Sunday she’s "very worried" that measures taken by the Federal Reserve to tame inflation are going to put "millions" of Americans out of work.
During an appearance on CNN’s "State of the Union," Warren said she’s concerned that the Fed’s continued raising of interest rates could "tip" the country into a recession.
"I am very worried about this, because the causes of inflation, things like the fact that COVID is still shutting down parts of the economy around the world, that we still have supply chain kinks, that we still have a war going on in Ukraine that drives up the cost of energy and that we still have these giant corporations that are engaging in price gouging," she said.
(Excerpt) Read more at foxbusiness.com ...
We are already in a recession
But no worry at all with the completely out of control spending by her communist party. These people make me sick.
The economy is already in a recession.
We are already in recession.
Democrats think if we all just pretend, reality can be anything they want.
Uh, we are already in a recession, Senator. Two negative quarters of economic growth in a row is a recession.
Did the reporter challenge her on this?
It isn’t “the Fed” that’s going to tip this economy into recession. We can see what the talking point is the Democrats have come up with to deflect responsibility for their disastrous economic policies - it’s “The Fed’s fault”.
I smell cornered rats. Fear. It's causing mistakes.
Yup, the feds fault lizzie. Appears someone wasted money on a sheepskin.
um.. of course it will.
That goes without saying!
To stop inflation you have to strangle the economy.
The fake Indian still trying to understand what a recession is
The Fed reserve is not at fault. It’s out-of-control spending of money that the government doesn’t have.
Raising interest rates can lead to a recession, but the real problem is the spending.
Warren is a cold, angry individual whose words carry no weight.
With inflation, my money buys less and less.
A recession is a normal result of inflation.
More money per item/hour of work means more unemployment.
Just stop with the price increases and wage increases and inflation, interest rates and unemployment will decrease.
So, she and the Biden admin are pushing on the accelerator (inflation) while Jerome is slamming on the brakes. This can’t end well.
But no worry at all with the
completely out of control spending
by her communist party.
These people make me sick.
/\
They make us poor AND sick.
. these people need to be made to retire to north Korea.
So what does Pocahontas want to do, keep endlessly printing money until hyperinflation destroys the dollar?
As long as people hate doing stuff like mowing lawns, cooking, washing dishes, etc., themselves, work will be available, but not absurd hourly rates.
Asking $1,200,000 for a house that sold for $47,000 in 1972 is absurd.
Cut the price and it will sell.
Asking $600,000 for a house in Mosquitoville, Florida is absurd.
Cut the price and it will sell.
Hey! I resemble that remark! ;)
You really got to hand it to the democrats. If something doesn’t fit their narrative they just lie and continue to lie until their narrative catches on. People in the press were calling them on their lie and they just ignore until it is forgotten. And then they continue with the lie. Now every press outlet I’ve read is reporting that we may be entering into a recession, not that we have been in a recession. Its friggin genius!
Given the congressional spending worse than drunken sailors, the Federal Reserves control on the economy is like trying to control a 747 with a broken vertical stabilizer.
the dems know that the voting publics attention span is so short that all they have to do is drag out a lie for a couple days. GD, we have one of the dumbest voting populaces in the world...........
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