Warren: Republicans Want the Fed to ‘Raise Interest Rates and Put Millions of People out of Work’

Breitbart ^ | 10/17/2022 | Ian hatchett

[central_va]

The “adult” GOPers will hide behind the Fed chair and let her destroy the economy and not vote for bit of it all the while cheering it on.

[BEJ]

When Biden took office, and he should have put in a monkey eating a banana as the top expert and head of the monetary reserve. The monkey would have done nothing and would have changed from what was going on under Trump. The monkey would have been hailed a financial genius.

[central_va]

Maybe doctors should go back tp bleeding patients, same kind of logic (illogic).

[El Cid]

Inflation doesn't stop until the Feds stop printing money and passing it out like drunk sailors.
Although both parties are guilty of this practice, the Demonrats far exceed the Republicans in their zeal for spending money we don't have. And returning our nation to its former energy sustainability (opening up the pipelines, Anwar, fracking) will also help fight inflation by driving down energy costs. The Dems are against any of these policies.
Sure, raising the interest rates will also fight inflation by driving the nation into a deep recession, but that really isn't the healthy way to attack inflation because the collateral damage is a killer.

[noiseman]

Kind of true unfortunatley.

So? The easy off-ramps were all ignored for far too long. Now, it’s either stop inflation by smothering the economy for a while, or let inflation run wild and become Venezuela. The worst thing would be to keep everyone employed (and therefore spending) and to give in to the demands to inflate salaries as well to match rising prices. THAT would absolutely destroy anyone who didn’t get one of those inflated salaries, especially anyone on a fixed income.

[blackdog]

“Clinton: “I can spend your money better than you can.”
In a post-State of the Union speech in Buffalo, NY on January 20, 1999, Bill Clinton was asked why not a tax cut if we have a surplus. Clinton’s response:
“We could give it all back to you and hope you spend it right... but you won’t.”

[lewislynn]

Name names.

"Some Republicans" will sacrifice your life to stop Trump too. What's your point?

"Some Republicans" don't care that inflation is out of control. They want the rates raised for selfish reasons.

There's no end to your kind of lunacy without naming names.

[central_va]

Get your baseements ready to recieve your adult children who will be out of work for a long time after the inducced recession makes unemployment go up over 10% maybe 15%....

[Governor Dinwiddie]

I find it Orwellian the way Warren and her tribe define killing babies as "healthcare". It's straight out of Orwell. And how about "hands off my body!" Lady, the child you are killing is not your body. I bet they all have a sign out front "In This Home We Believe in Science!"

[Political Junkie Too]

Wow! Talk about running ahead of the parade!

Warren knows that Powell is locked into raising interest rates, so now she's pre-positioning an attack on Republicans inferring that they're the ones forcing the raise in interest rates.

-PJ

[central_va]

Seems like every right wing expert wants a recession and high unemployment. I guess that is so much better than grandma eating dog food....

[TigerClaws]

Or denying gender and mutilating children = “gender affirmation.”

Russian collusion by Trump = Hunter and ‘Big Guy’ took millions from Russia.

Whatever they say, the opposite. That seems to be how it works.

[bitt]

omg, SHADDUP LIZZIE!

[central_va]

Where are the Republicans trying to convince us that an induced recession is not the way to go forward? IT IS NOT THAT GD SIMPLE. Pocahontis knows that. She is evil and is playing the R gang like a fiddle.

If a house has termites burning it down is a solution, but maybe not the best solution....

[McCarthysGhost]

Prolonged high inflation will absolutely crash the economy too. We will probably end up with high interest rates and high inflation and high unemployment next year. It will be a total disaster.

[Hammerhead]

Yeh, thats EXACTLY what the Pubs want.

What a stupid freaking dumb bitch. And the people that keep voting this idiot in the office.

[FamiliarFace]

Pocahontas can just say whatever BS she wants to say, it doesn’t make it true. She just wants to give money away.

[rb22982]

Unemployment won’t get to 10%. We gotta burn thru another 5 million just to be in equilibrium. And we are already in a recession - when wages are up 6-7% and inflation is up 9-10%, it’s the same as real wages flat and unemployment up 2%. I’ll be shocked if unemployment goes above 5%.

[Seaplaner]

She is not at all stupid, my good FRiend.

That is even scarier, n'est ce pas?

[Right_Wing_Madman]

Most Republicans are in favor of crashing the economy to slow inflation. Crashing by raising interest rates. Cowards will hide behind the Fed chair to do their dirty deed.

I don't know of one economist who has said: "Volcker was wrong to raise interest rates. He should have let inflation spiral out of control."