Inflation will linger near decade highs until the second half of 2022, Janet Yellen says

all Trump all of the time

this is about current events and the Democrat policies that hurt the common folk

 

If YELLEN says that you can bet it'll hang around a lot longer unless we vote some GOP adult guidance into House and Senate

 

comparing current admins to past ones is how political discussions work

 

When they don't want to try to defend the indefensible, they deflect to Trump. I just listened to congresswoman Jackson do that on TV a few minutes ago. It is so predictable. Sorry, Trump is no longer president nor does he hold any elected office.

 

what Trump did the last 4 years and is still doing, still affects us even today

 

No it affects you. It doesn't affect me at all. I have to live with today, not the past. I wish we could go back to his policies but that is water under the bridge.

 

Effects us all, just look at the higher gas prices at the pump.. Thanks Trump

 

It's dawning on them that there are no brakes on the Biden inflation train, and the panic is setting in.



And Joe can't lie his way out of the mess he's made.

 

That wasn't Trump. Under Trump, the US was energy independent, and gas prices were low. Team Joe immediately cancelled and reversed Trump's policies, and gas prices shot up.

It was all very obvious and predictable.

With a pen stroke, President Joe Biden cancels Keystone XL ...
https://www.dw.com › with-a-pen-stroke-president-joe-...
Jan 21, 2021 — The newly inaugurated US president has issued an executive order to cancel the Canadian pipeline project approved by his predecessor. Joe Biden ...

Biden suspends oil and gas leasing in executive action - CNBC
https://www.cnbc.com › 2021/01/27 › biden-suspends-oil...
US President Joe Biden speaks on climate change, creating jobs, ... Biden's moratorium on oil and gas leases won't end fossil fuel ...
Jan 27, 2021

You can pretend it's Trump's fault all you want, but the reality of the matter is clear obvious.

 

Trump threatened other countries to reduce supply last year, that caused prices to go up this year

"Trump told Saudi: Cut oil supply or lose U.S. military support"

https://www.reuters.com/article/us-...se-u-s-military-support-sources-idUSKBN22C1V4

"Trump threatens 'very substantial' tariffs on imported oil if Saudi Arabia and Russia can't reach a deal to push prices back up"

https://www.insider.com/trump-threatens-saudi-arabia-russia-oil-tariffs-2020-4

 

You think it was Trump who reversed our energy independence? That is hilarious. At some point will need to face facts instead of talking points.

 

yep, Trump threatened them to reduce the supply of cheap foreign oil, now we are using expensive American oil

we have plenty of American oil, in fact we are shipping some overseas, it just costs more

 

Well at least you got it all backward.

 

everything I said is true, so maybe it's you that has is backwards

 

Hopefully the dems don't figure out until after the midterms that It's The Economy, Stupid rearing its head here. People are a little more financially sound than they were pre-pandemic but when polled, they consider the future of the economy over the next 5 years to be worse for them.

 

Democrat politicians are a one-trick pony. Being anti-small business, Democrat politicians will push social issues, green energy and "fairness"

All which costs the common folk more money and small businesses to close shop.

Sadly, Democrat voters continue to vote for politicians who harm the economy and thus harm the common folk

 

Yeah, a pandemic will do that

 

This is hilarious... so, now, all of a sudden Yellen decides to admit (ADMIT) that inflation is problem that will plague this country for many months to come (at least)...?

Well, NO SH*T, Janet... did you really think that anybody was stupid enough to believe the crap you and the other 'insider' Democrat toads were telling us just a few weeks ago...?

 

To her credit she accurately predicted inflation, as you can be see in her comments from August last year.

 

Refresh my memory. When did our government practice austerity?

 

Yeah, but Yellen made it seem like a mere momentary annoyance, like when somebody farts in a stuffy room. It's FAR worse than that....

 

The fed predicted it was going to be in 2021. One year is temporary.

 

The fiscal fights of the Obama administration (brookings.edu)

 

The Biden admin came in with the vindictive idea of overturning all of Trumps policies, except China.
A childish assault on the population, and now we are well on the way to stagflation which is very bad - Stagnant wages and inflation. Will ‘70’s bell bottoms come back, too?

 

The problem is the Democrats are spending massive amounts of money. That's kind of holding things hostage. If Yellen does not approve expanding the money supply to loan money to the US Treasury, then interest rates will rise and it will eat a huge expense from the government budget. In other words if the Fed does not enable the Democrats it will hurt the economy.

To use an analogy it would kind of be like if a drug addict demanded they be given drugs or they were going to slit their wrists. You have to give in to their ultimately self-destructive desires trying to avoid something even worse.