by Coastie Patriot
Joe Biden’s hack Treasury Secretary Janet Yellen actually told Stephen Colbert last night that inflation is your fault for spending too much. And Russia’s, of course.
Yellen’s comment came after Colbert buttered her up and asked her what caused inflation to spike so badly.
In her answer she claimed that people were spending more on goods at home because of the pandemic and that caused bottlenecks and prices to go up.
She then also blamed Russia for their war on Ukraine, but almost as an afterthought.
Don't blame the Biden Admin printing trillions of dollars: @SecYellen tells @StephenAtHome the real reason inflation is out of control is because Americans are "splurging" on goods; "and, remember, Russia has conducted a brutal war against Ukraine" pic.twitter.com/d0xbhA7sbH
— Tom Elliott (@tomselliott) December 1, 2022
Yellen argued the administration managed the COVID-19 pandemic so well that consumers felt comfortable to "splurge" on goods.
So you see … it's YOUR fault. Not the Fed, not the politicians, not her … you messed up. 😲 pic.twitter.com/IqbiMrCPRt
— Wall Street Silver (@WallStreetSilv) December 1, 2022
Somebody recommend her for nobel prize in econ….. Wait what, sorry that was the darwin award.
So injecting money in the economy to offset huge government spending is bad ???
Only for consumers: used to buy a box of 22 shells as a kid for .$.75 now they can be as high as 7.00.
Now that the mfgr can get 7.00 he will never go to .75 again….
See how this works and bends us over the table.
FED'S WILLIAMS: IT WILL TAKE A COUPLE OF YEARS FOR INFLATION TO EASE TO TARGET.
— Breaking Market News ⚡️ (@financialjuice) December 1, 2022