Leftists blames Americans' 'splurging' for record-high inflation

30CAT

All-American
Gold Member
May 29, 2001
48,739
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I can agree to a point...We did elect an America-hating leftist to run our country

Bleaters believe this $h!t

Leftists are destroying our country

LINK: Stephen Colbert notes the Pedo-Joe administration dismissed inflation as 'small risk' last year

Treasury Secretary Janet Yellen blamed consumers' excessive spending habits as a primary cause for the near 40-year-high in inflation on Wednesday.

The Pedo-Joe official appeared on "The Late Show with Stephen Colbert" where she was asked about the price increases that have plagued the U.S. for more than a year.

Colbert asked her to explain to his audience how inflation got out-of-hand when "two years ago everything seemed fine." The late-night host, known for his sycophantic boosting of Pedo-Joe and Democrats, even noted the Pedo-Joe administration dismissed inflation as a "small risk" as recently as last year.

Yellen argued the administration managed the COVID-19 pandemic so well that consumers felt comfortable to "splurge" on goods.

So we had a rapid recovery from the pandemic," she said, arguing Pedo-Joe's policies brought unemployment down from 7% to 3.7%.

"It turned out the pandemic had very special impacts on the economy. Remember, everybody stopped spending on services," she pointed out, as businesses were shut down. Instead, people spent more money on "grills," "technology" and office equipment as they were working from home.

"They were in their homes for a year or more, they wanted to buy grills and office furniture, they were working from home, they suddenly started splurging on goods, buying technology," she claimed, which led to supply chain "bottlenecks."

Later in the interview, Yellen also blamed Russia for the increase in food and gas prices.

There was no mention during the remarks about multi-trillion dollar spending bills that have been passed and signed under Pedo-Joe's administration. She also isn't the only White House official who's blamed inflation on Americans spending recklessly or who has dismissed economic concerns.

White House chief of staff Ron Klain was mocked for suggesting rising costs and supply chain issues were a "high class" problem last year.

Energy Secretary Jennifer Granholm was also criticized for laughing at rising gas prices and offering Americans tax credits for installing solar panels on their homes.

Liberal journalists like MSNBC's Stephanie Ruhle have also argued consumers could afford to spend more money on groceries and utilities.

In October, the Consumer Price Index rose 0.4% from September.

Despite prices still being near the 40-year-high, Pedo-Joe told a reporter last month that the economy was "strong as hell."
 

atlkvb

Heisman Winner
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Jul 9, 2004
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Atlanta, GA
See how arrogant these people are, and how stupid they think we are? Listening to her (Yellen) the administration's policies had zero to do with igniting this runaway inflation! Oh nooooo! They did everything right to bring us back from the brink of depression of our Covid ravaged economy, and it's been so good for most of us we actually went on a spending splurge which caused all this inflation!

You see, unless you are living a spartan life, paying 8.00 a gallon for gas, driving your 70,000 dollar EV and only charging it on weekends to save electricity, your extravagant lifestyle is causing these prices to shoot through the roof!

Know what they can't explain? If things are so much better now than they were before the plandemic, why aren't goods and services as plentiful and cheap now as they were before? Didn't they tell us the economy was flat out horrible before the Covid scam? So it actually got worse than horrible? So just how bad was it? Plus, if things are so much better now why is everything so much more expensive than it was even during the worst of the terrible pre plandemic times?

None of them will ever explain that.