Friday, October 28, 2022

Biden Treasury Secretary: “I Don’t See Signs of a Recession”

 U.S. 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 and that any price increases would be transitory because of supply chain shortages and the rebound in oil prices.

Janet Yellen admits she failed to anticipate how long high inflation would last

  • "I think I was wrong then about the path that inflation would take," Yellen told Wolf Blitzer on "The Situation Room"
  • Biden and his people want this to be the next FDR administration
  • They constantly lie to the public about the state of the economy in ways that will inevitably unravel because they think people are dumb
  • A smarter approach would be to actually tell the public that times will get bad, but we'll pull through

https://www.frontpagemag.com/biden-treasury-secretary-i-dont-see-signs-of-a-recession/

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