21 November, 2021

Too Late, We’re Already There

Yellen Touts Biden Spending Plan, Then Promises Inflation Won’t Reach 1970s Levels | The Daily Wire

Treasury Secretary Janet Yellen vowed that inflation will not reach levels seen in the 1970s.

On Tuesday, the Biden administration official — who also served as Federal Reserve Chair from 2014 to 2018 — touted the “Build Back Better” agenda to Marketplace host Kai Ryssdal.

“Well, I think the economy needs it, and the people need it… It is really intended to address long-standing problems that have been holding this economy back,” she argued. “It’s meant to boost long-term economic growth and to address inequities.”

We’re already at 70s level;s, and BBB is going to make things worse, not better. And Yellen knows both of these things. But as I keep saying, truth doesn’t matter. Power is what matters to the Democrats. BBB is designed to increase Democrat power. It is not designed to help people. It certainly isn’t designed to lower inflation.

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