Just like old times.
Posted on 10/27/2022 7:45:38 PM PDT by RandFan
Treasury Secretary Janet Yellen on Thursday said she does not see signs of a recession after the Commerce Department released data showing the economy rebounded in the third quarter of the year.
Speaking on CNN’s “Erin Burnett OutFront” in Ohio, Yellen said that “what we’re seeing right now is solid growth this quarter” in the economy and low unemployment across the workforce.
“It’s very natural that growth would slow. And it has over the first three quarters of this year, but it continues to be OK,” she said. “We have a very strong labor market. I don’t see signs of a recession in this economy at this point.”
On Thursday, data from the Commerce Department showed U.S. gross domestic product (GDP) grew at an annualized rate of 2.6 percent between July and September, a healthy sign after six months of a shrinking economy.
Still, much of the growth in third quarter GDP was driven by a surge in exports, and some leading economists are not expecting growth to continue later this year or early next year.
With inflation at a 40-year high, the Biden administration has been on the defensive during an election year, repeatedly listing other indicators of a strong economy such as high job growth and healthy consumer spending to indicate a recession is not on the horizon.
(Excerpt) Read more at thehill.com ...
Apparently, she’s demented too.
Would she still be saying that if the economy was exactly the same, but the bad orange man was in charge, or would she be screaming at volume 11 about the depression for the last year?
I guess I’m to the point in life that when I hear government ‘’experts’’ like Janet “Tweety Bird’’ Yellin say dumb shit like this my first reaction is to want to punch her square in the mouth.
Re Yellen - I don’t see any signs of sanity.
There - we are even.
Her boss is too stupid to fire her. Heck, he doesn’t even know who she is.
If you are going to be a liar, be a good one. Nobody is this stupid.
Why yes. THEY think flooding this country and job market with 5 million illegals and unchecked H1-Bs is a 'good' thing.
Nope, no problem here. She probably hasn't been to a grocery store in years.
ruled by the nursing home and the mentally ill residence
I think it’s pretty simple: until oil/gas prices return to the levels we saw when Biden was inaugurated, the economy will be stagnant, or worse.
I don’t believe anything this ugly screeching marxist says.
I pray you both are correct, but we are living in unprecedented times...
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