What’s Happening:
When we talk about Biden failing the U.S. economy, it should be understood that Joe’s not the only one involved in this. Biden has numerous economic “advisers” who encouraged him to make the shocking decisions that led to the problems we have now.
One of the people most responsible for our economic troubles is Treasury Secretary Janet Yellen. She could have prevented many of Biden’s choices that contributed to inflation, high gas prices, and a looming recession. But, just like her boss, she is refusing to take responsibility. And guess who she’s blaming for crippling inflation.
You’re gonna love this!
From Fox News:
Treasury Secretary Janet Yellen blamed consumers’ excessive spending habits as a primary cause for the near 40-year-high in inflation on Wednesday…
Yellen argued the administration managed the COVID-19 pandemic so well that consumers felt comfortable to “splurge” on goods…
“They were in their homes for a year or more, they wanted to buy grills and office furniture, they were working from home, they suddenly started splurging on goods, buying technology,” she claimed, which led to supply chain “bottlenecks.”
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
Are you kidding me!?
This con artist claims that inflation is the result of Americans “splurging” on technology like grills and office furniture. She said we had a “great” recovery, but all of us selfish, stupid citizens wrecked it by buying things we didn’t need.
Honestly, you have to be really evil to blame Americans for the mess you created.
The economy was recovering after 2020, thanks to former President Trump. But the moment Biden and his clown Yellen took over, it collapsed. Yellen apparently forgets that Biden flooded the economy with trillions of new dollars, drastically lowering the value of our currency.
He then shut down American oil drilling, ratcheting up the cost of fuel. On top of that, he failed to address the supply chain crisis, including a crippling shortage of cars and other goods.
All of this led to the historic, 40-year high inflation. Not people “splurging.”
When people can’t even buy milk because of inflation, you know they aren’t splurging. Hey, I guess it’s now considered “splurging” when you buy food for your kids! It’s “splurging” when you turn on the heat in Winter.
It’s “splurging” when you buy clothes for your children or put gas in your car.
Shame on you America! So wasteful!
Key Takeaways:
- Biden’s treasury secretary blamed Americans for the inflation crisis.
- Yellen claimed Americans “splurged” on technology, which triggered inflation.
- In reality, Biden’s reckless spending and anti-American energy policies resulted in 40-year high inflation.
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