Folks, it’s not all Joe Biden’s fault that our nation is in trouble.
His utterly inept cabinet is also to blame.
Let’s start with Janet Yellen.
Yellen, the first female treasury secretary, appeared to be the most seasoned, the best credentialed and least political of all Biden’s cabinet appointees. Not so.
The treasury secretary recently confessed that she blew it on inflation. She didn’t apologize or admit its real cause, but at least she admitted she goofed.
She said, “I think I was wrong then about the path inflation would take … there have been unanticipated and large shocks to the economy … that I didn’t at the time fully understand.”
Yellen’s pitch is, essentially, that inflation blew in because of completely unpredictable events that no one could have anticipated. Untrue. Most economists agree that the Democrats’ $1.9 trillion American Rescue Plan spilled too much money into the recovering economy at the same time that we had goods shortages, sparking rising prices.
In fact, a new book out says Yellen agreed with Larry Summers, who warned that Biden’s spending spree would have just that effect, and argued for a smaller American Rescue Plan. Though she denies that account, it rings true. In other words, she knew better. Far from being the intellectual anchor of this administration, Yellen turns out to be yet another shill for Democrats’ left-wing policies.
Next up: Homeland Security chief Incompetent Alejandro Mayorkas, the first Latino in that role, who has permitted the worst-ever assault on our southern border, failed to deliver a plan to confront the crisis and who lied to Congress when he claimed our “border is secure.”
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Author: Ruth King
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