Inflation is your fault!

| December 2, 2022

Janet Yellen appeared as a guest on “The late Show with Stephen Colbert.” Stephen Colbert phrased the question asking Yellen how things could go from “just fine” to going out of hand. He threw in another point, that Joe Biden dismissed inflation as a “small risk.” Yellen responded by pointing the finger at the consumers.  According to her, Joe Biden’s management of the pandemic response set the consumers up to feel comfortable increasing their purchase of goods.

From Fox News:

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 President Biden and Democrats, even noted the Biden administration dismissed inflation as a “small risk” as recently as last year.

“So we had a rapid recovery from the pandemic,” she said, arguing Biden’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 multitrillion-dollar spending bills that have been passed and signed during Biden’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.

Fox News has additional information here.

Category: Economy, Society

26 Comments
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5JC

How to create inflation in 3 easy steps.

1- Limit supplies of energy in an energy based economy.
2- Make money worth less by printing lots of it and giving it away to people to win an election.
3- Oh wait, it was only two steps.

Old tanker

Well to be fair they spent a ton of that new money they printed by sending it to ukraine and a lot of other countries. Ukraine for the war of course and the other countries for gender studies in the middle east. Now of course the dems seem to have a big pile of money to spend on influencing things (such as campaigns) here.

Budget?? We don need no steeenking budget.

Last edited 2 months ago by Old tanker
Mason

Funny how the supply chain issues that keep us from having enough baby formula don’t seem to be effecting the war materiel going to Ukraine. Haven’t heard a single complaint about not being able to get the raw materials to build the weapons or any problems with getting them shipped to Ukraine.

5JC

That is because they were already made. Mostly it is older stocks getting pulled out of inventory. Orders are piling up though. Everybody wants them now.

Hack Stone

You want to be sure to consume before you hit the “Best By”date. Nobody wants a missile that has exceeded it’s shelf life.

Mason

If you people would quit buying things, demand would go down, and inflation would decrease. Flawless logic.

Anonymous

Yeah, stop buying food, gas, paying rent, etc. for a year. Just tighten your belts.

Mason

It’s all part of the plan. You will eat the bugs that the new liberal world order provides you.

Hack Stone

You eat the bugs, you die of malnutrition, the bugs eat you.

The Circle Of Life.

Hack Stone

Let them eat Chef Boyardee.

Anonymous

Those dang people working from home bought too much sh*t– how dare they! (They all bought lots if boats, ATVs and trips to Paris when they couldn’t go anywhere, eh?)

Last edited 2 months ago by Anonymous
JustALurkinAround

Inflation is a policy; a deliberate choice. Increasing the supply of money in the system (printing loot) IS precisely what inflation is. Increasing costs are the EFFECTS of inflation.

ChipNASA

Yes, I’m sorry, I apologize, I was buying things food and toilet paper because it’s Fall now and I was running out of sticks and green leaves to wipe my ass with and everything’s so dry and crunchy now and I’ve run out of corn cobs…the old 10’x15′ corn crop patch really didn’t come in as expected this year.

26Limabeans

Who does her hair?

Anonymous

I was thinking Andy Warhol, but he’s been dead for a while.
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JustALurkinAround

I was thinking the good Captain.

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rgr769

She definitely copied Warhol’s doo.

Forest Bondurant

He should have asked her when the “Build Back Better” plan is going to kick in….since the agenda is supposed to create jobs, lower taxes, and the cost of things.

Hack Stone

You ungrateful bastard! How soon you forget the Brandon saved you $0.16 on your 2021 Independence Day Barbecue.

A Proud Infidel®™

I’m absolutely sure that what they meant by “Build Back Better’ is to reestablish the corrupt Good Ole Boy system that Donald Trump hit with a wrecking ball.

David

Wasn’t one of the big pushes to send out checks to one and all, to be SPENT to kickstart spending? Now the spending is our fault. Huh?

rgr769

Welp, Janet said you caused inflation because you took that money and “splurged” with it, buying things you didn’t need, like barbeque grills. Now I feel bad cuz I recommended to someone here to buy a Traeger pellet grill a week or two ago.

Carlton

Fucking cunt.

KoB

May the Barbed Co@k of Satan screw this skrunt as deeply as her and prezzy sniffy creepy’s policy induced inflation has screwed the American Taxpayer.

With the price of building materials and new hemp rope these days we may be forced to use rusty barbed wire and low hanging branches as substitutes when the time for a reckoning comes.

Hack Stone

She’s correct, of course. It is our fault. Because we voted this administration into office. Well, not we Adorable Deplorables, but the collective we as in America.

USMC Steve

Blaming the people for their inability to do their jobs. Standare socialist democrat playbook stuff. I still remember when jackoff Jimmah Cahter did that to us for using too much gas back during the great Gas Crisis in the 1970’s that he inspired.