Janet Yellen's Davos revelation

It's apparent that Janet Yellen's thinking is being negatively affected by Joe Biden's thinking. While addressing the World Economic Forum in Davos, Ms. Yellen said "Our new approach is far more promising than the old supply-side economics, which I see as having been a failed strategy for increasing growth. Significant tax cuts on capital have not achieved their promised gains, and deregulation has a similarly poor track record in general and with respect to environmental policies."

She also tried peddling the Biden economic agenda as "modern supply-side economics." What she calls modern supply-side economics, most honest people would call socialism. Check this out:

"Modern supply-side economics seeks to spur economic growth by both boosting labor supply and raising productivity, while reducing inequality and environmental damage," she said.
In other words, Ms. Yellen is calling Biden's Build Back Better Bill "modern supply-side economics", not Green New Deal socialism. Suffice it to say that this information got Larry Kudlow fired up. He addressed Ms. Yellen's message in Friday's opening riff:

Follow this link to read the transcript of Mr. Kudlow's riff. While remaining respectful, Mr. Kudlow still stung Ms. Yellen substantively:
Just a day or two ago, Ms. Yellen predicted two percent inflation by the end of this year. Really, Janet? And here we thought Joe Biden was having a rough week.
That's called happy talk, aka propaganda. That doesn't have much to do with the truth, though it fits perfectly with Joe Biden's malarkey.

Now just a brief summary: Mrs. Yellen believes President Biden’s dead in the water "Build Back Smaller or Chunkier" is the key to improving jobs and productivity. Really, Janet?

Another $5 trillion in spending will get the inflation rate down how low? Another $2 trillion in tax hikes will boost growth how much?

There's a recession hanging out there just beyond the horizon with Ms. Yellen's and Mr. Biden's name on it. With the Fed planning on tightening the money supply soon and with a labor shortage getting worse, not better, the Biden-Yellen Recession is just 2-3 months away. The good news is that this will sink Biden's administration and drive people to the (relative) sanity of the GOP.

Comments

Post a Comment

Popular posts from this blog

Tim Walz's Confederate Flag Fiasco

Image
After Minnesota's Democrats shoved the most controversial progressive legislation down Minnesotans' throats, gossip started popping up about Gov. Walz being interested in running for president . That's died off but Gov. Walz is still making headlines, this time for all the wrong reasons. First, Gov. Walz isn't the brightest bulb in the chandelier. Still, Gov. Walz is fighting against Minnesota's history. This Alpha News article quotes David Hann, the chairman of Minnesota's Republican Party, as saying " The flag the DFL has eliminated was a version of the historic flag our regiments fought under during the Civil War. Minnesota was the first state to offer troops to the Union cause in 1861 , beginning a long tradition of leading the nation in confronting injustice. The DFL quest to erase our history is repugnant and should be rejected." Gov. Walz, though, sees things differently. He's quoted as saying "Minnesota is a diverse state, it continue
Read more

What is Kamala Harris afraid of?

Image
Apparently, Kamala Harris suddenly loves debating. Let me rephrase that. Harris loves debating as long as the moderators are partisan hacks. She wants nothing to do with a debate moderated by Fox's Bret Baier and Martha MacCallum. She's afraid of Bret and Martha because a) they'll either fact-check both her and Trump or they won't fact-check either of them and b) Bret and Martha aren't afraid of asking follow-up questions. To a candidate whose answers are scripted and who isn't quick on her feet, the last thing you want is a follow-up question. Kamala fears follow-up questions like vampires hate wooden stakes, sunlight and holy water. Why has Kamala Harris avoided Fox News like the plague? The moderators/propagandists fact-checked Donald Trump aggressively but didn't fact-check Harris . Why didn't David Muir and Linsey Davis fact-check both candidates equally? Is it because Harris doesn't like fair fights? Perhaps she's just afraid of getting exp
Read more

Why is Joe Biden letting Hamas off the hook?

Image
It isn't disputable whether Joe Biden's administration is letting Hamas off the hook. That issue was settled months ago, when a spineless Joe Biden caved to activists interested in saving Hamas and thwarting the Israelis' attempt to defend themselves. Gerard Baker's op-ed highlights what's at stake for the U.S. if the terrorists are permitted to survive. In his op-ed, Baker wrote "If, under the pressure of internal Democratic politics and global public opinion, the Biden administration forces a 'cease-fire' that leaves our closest ally in the region short of victory over an enemy that seeks to destroy it, sooner or later we shall all pay the price." It's time to revisit George W. Bush's speech to a joint session of Congress on Sept. 20, 2001. It's required that we remind ourselves of one of its most important paragraphs. In talking about who committed the atrocities of 9/11, President Bush identified al-Qa'ida as "a collectio
Read more