The Biden Administration
Publicly Admits They Don't Know What They Are DoingJune 17. 2022
Joe Biden
Since 2019 I warned on this site
that Joe Biden would be terrible for America and its
economy if he was elected President of the United
States. He was elected in 2020 and in one year he
wrecked the U.S. economy, proving me correct (Joe Biden Tax Plan Slammed And
Debunked On '60 Minutes' and
Joe Biden Is
A Power Hungry Criminal From The Obama
Administration Following A Movie Script).
This month President Joe Biden's
Treasury Secretary publicly admitted they don't know
what they are doing. In an interview with CNN on
June 1, 2022, U.S. Treasury secretary, Janet Yellen,
publicly stated, "I think I was wrong then about the
path that inflation would take" stating she wrongly
presumed it would be a "small risk."
Yellen also stated, "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."
Now millions of people in America
are suffering due to Biden's incompetence and lack
of preparedness. Biden's insistence on having a job
he is not qualified for is financially, mentally and
emotionally breaking America under high crime and
massive inflation. Bloomberg estimates Biden's
inflation will cost each American at least an
additional $5,200 this year, due to higher prices of
food, gas, clothes, and rent or mortgages, among
other things.
STORY SOURCE
Treasury secretary concedes she was wrong on
‘path that inflation would take’
Updated 12:29 AM EDT, Wed June 1,
2022 - US Treasury Secretary Janet Yellen admitted
Tuesday that she had failed to anticipate how long
high inflation would continue to plague American
consumers as the Biden administration works to
contain a mounting political liability.
“I think I was wrong then about the
path that inflation would take,” Yellen told CNN’s
Wolf Blitzer on “The Situation Room” when asked
about her comments from 2021 that inflation posed
only a “small risk.”
The admission was the latest
indication that the administration’s expectations of
a normalizing economy were thrown into disarray by
the continuing pandemic and the war in Europe.
“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,” she said.
Yellen and other White House
officials once framed inflation as a temporary side
effect of the economy returning to normal following
the pandemic, pointing to snags in supply chains and
demand outstripping supply.
Yet months later, inflation is
running at a near-four-decade high. Recent economic
indicators have raised optimism that inflation may
have peaked at 40-year highs in March, although
economists warn it could take considerable time
before inflation returns to healthy levels. In
response, the White House is launching a month long
effort to signal a heavy focus on the economy...
https://www.cnn.com