Posted on 10/17/2022 6:49:34 PM PDT by ChicagoConservative27
On Monday’s broadcast of CNN’s “The Lead,” Sen. Elizabeth Warren (D-MA) claimed that Republicans are the ones who want the Federal Reserve to engage in interest rate hikes that will “put millions of people out of work.”
Warren said, “I just want to say here, it’s the Republicans who are trying to keep 43 million Americans from getting their student loan debt canceled. It is Republicans who want to repeal the laws that we just got in place to cut the cost of insulin and to let Medicare negotiate drug prices. It’s the Republicans who want to see us raise interest rates and put millions of people out of work. So, I am very worried about buzzkill. I am worried about what it is the Republicans want to do to an America that really — what we’re trying to do as Democrats is just build opportunity, just let families get out there and do what they do best, let individuals get out there and do what they do best and let them make their own decisions, including letting women make their own decisions about abortion and about their health care. To me, that’s the heart of what it means to be an American and to be optimistic about the future we’re building.”
(Excerpt) Read more at breitbart.com ...
Yes raising interest rates isn’t the only way to cut inflation, the other is withdraw money from the system. The Fed is also doing that. But when you add 40% money supply in 12 months plus trillions in deficit spending, inflation is what you get. Doing the reverse is the only way to remove that inflation, which is the Fed is doing. The die was cast as soon as governments shut down the economy over Covid and then covered unemployment for over a year
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Uh-Oh: We got everything we wanted.
They passed his whole agenda - and now they have to deny and obfuscate.
Remember when they told us there would be no long waits in Emergency Rooms after Obamacare?
As I recall, the last Republican administration set records in putting people to work, filling their gas tanks and loading up their wallets with green stuff.
The alternative is a Weimar Dollar.
No, we need to reduce ‘Rat[and RINO] caused Inflation.
Trump was MAGA, will MAGA take over the Rejerkoff Party? The jury is still out.
Have they ever thought to cut spending, balancing the budget and getting all the excess money from Covid and other Biden’s programs out of the system???
all of them unhinged since they’ve accepted they’ve lost. These folks will need straight jackets.
Blithering idiot harridan said what?... No, I’m not going to read it...
I’ve had enough of that hag to last a lifetime.
Commie scum is still salty they took her picture off the box of butter cubes.
Letting people make their own decisions, you mean like deciding if they want to work in the gig economy or not?
To decide whether or not to join a union?
Interest rates NEED to go up...
That’s the only way out of this mess..
Yeah, it’s gonna hurt, but it’s got to be done..
My, she sounds desperate doesn’t she?
As Dan Akroid would say on Point Counter Point on SNL; “Elizabeth, you dumb slut”
Sorry, but you are wrong.
This is the Bush ‘06 depression level event finally playing itself out..
3 president’s could have brought us in for a soft landing...
None of them did.
Now it’s going to be a hard landing...
Hopefully not a crash landing
You get that right. You are obviously smart.
Federal funds rate less than real inflation rate will be ineffective. Volcker raised rates above inflation and inflation died quickly. Then the economy exploded upwards soon after.
Bitcoin is going the way of Amway and Tupperware.
The massive increase in Government spending is a done deal so the only way to slow inflation now is too raise interest rates A LOT. Econ 101.
Increase domestic energy production and end war in Ukraine. It’s not that difficult.
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