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Message   Mike Powell    ALL   Yellen on Inflation, othe   December 1, 2022
 4:15 PM *  

Treasury Secretary Janet Yellen appeared on Colbert's show on Wednesday
night.  Colbert, who is known for being a lover of nearly everything (D)
did not throw her a complete round of soft-ball questions.

One thing he asked was how inflation got so far out of hand when
"everything seemed fine" just two years ago, and noted that Biden's
administration dismissed it as a "small risk" just last year.

Yellen claimed that that the spike was caused by people working from home
and buying home office equipment, along with "grills."  She later went on
to blame Russia as well.  There was no mention of the recent spending bills
that Biden has signed.

I find this all interesting considering that both the Biden and Trump
administrations sent "stimulus" checks to millions of Americans in hopes of
stimulating their spending.  So, I guess if US citizens were "splurging" on
office and outdoor cooking equipment, we were doing exactly what the
government wanted us to which, in turn, per Yellen lead to our excessive
spending habits and the 40-year high inflation that we are all experiencing.

So I still see it as something government policies caused.

Meanwhile, yesterday Hakeem Jeffries was elected by House Democrats to be
their new Caucus Chairman.  This is interesting as Jeffries was one of the
few Democrats to break from the party during the 2020 election cycle when
it came to the allegations made by Tara Reade against then candidate Joe
Biden.  Jeffries claimed that the allegations needed to be "investigated
seriously."

I wonder if his song will change now that he is in a place of leadership?

It is also ironic how many Democrat politicians, and liberal pundits, are
calling for action against Twitter and Elon Musk.  Just a couple of short
years ago, several from the same camp were claiming that, as private
companies, content providers like Twitter and Facebook were free to
moderate content as they choose to.  Now, for some reason, having ome of
those same companies moderate content as they choose to is a serious issue.


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