Here he goes again: Blaming everyone but himself for the nation’s economic woes.
Seemingly unable to decide whether economic problems he created originated from Trump or Putin, Biden recently decided to veer his attention back towards his favorite punching bag, Trump, yet again.
““My predecessor demeaned the Fed, and past presidents have sought to influence its decisions inappropriately during periods of elevated inflation,” Biden boomed, “I won’t do this. I have appointed highly qualified people from both parties to lead that institution. I agree with their assessment that fighting inflation is our top economic challenge right now.”
Huh? Wait a second, Mr. President …
According to your chronically absent Transportation Secretary, Pete Buttigieg, the economy was supposedly pulled out of the “terrifying teeth” of a recession under your watch.
How could such “elevated inflation” have existed during Trump’s tenure in that case, given that the current inflation has been cited as a “success” for the White House?
Basically, Biden is about as economically literate as AOC.
No wonder big banks are effectively calling for Americans to brace for economic impact as a result.
JPMorgan Chase CEO Jamie Dimon declared that one of the nation’s largest banks certainly expects a crash landing in the imminent future, no thanks to the White House’s incompetence.
“You know, I said there’s storm clouds but I’m going to change it… it’s a hurricane,” Dimon mused, noting that the economy may turn into “Superstorm Sandy.”
“Right now, it’s kind of sunny, things are doing fine, everyone thinks the Fed can handle this,” Dimon mused, “that hurricane is right out there, down the road, coming our way.”
Gee. You don’t say.
Gotta love the weather analogies, however, as that one is right in line with Buttigieg’s “terrifying teeth.”
The one good development in this entire fiasco includes the fact that a top federal official finally admitted obvious error, breaking the White House code of constantly dodging accountability.
Specifically, Treasury Secretary Janet Yellen broke the tradition of Psaki and Jean-Pierre, namely by taking accountability for her prior statements.
In a shockingly different display of honesty relative to Biden, Yellen admitted that she had been inaccurate about the path that the allegedly “transitory” inflation would take, as previously stated.
“Well, look, I think I was wrong then about the path that inflation would take. As I mentioned, there have been unanticipated and large shocks to the economy that have boosted energy and food prices and supply bottlenecks that have affected our economy badly that I didn’t – at the time didn’t fully understand. But we recognize that now,” Yellen admitted.
See that, Psaki? See that, Biden?
An actual admission of error, which, of course, is an actual admission of being human.
Apparently, many of the top lieutenants in the swamp are uninterested in demonstrating similar allegiance with humanity, which is quite clear from the ways in which they openly deceive and exploit the American public.
Yellen also noted that the Federal Reserve is taking long overdue actions to curb inflation, even if these measures might be largely insufficient at this point in time.
“The Federal Reserve is taking the steps that it needs to take. It’s up to them to decide what to do. And, for our part, President Biden is focused on supplementing what the Fed does with actions we can take to lower the cost that Americans face for important expenditures they have in their budgets,” Yellen continued.
Note to Biden: $50,000+ electric cars likely do not reside in the budgets of average Americans now.
Author: Ofelia Thornton