Fed Chairman Jerome Powell addressed Congress on Wednesday about how to curb inflation fears. But most fools in Congress misinterpreted what the Fed is saying.
Cue up: Liz “Pocahontas” Warren who proved she is totally clueless about government policy and inflation.
“You know what’s worse than high inflation and low unemployment? It’s high inflation with a recession and millions of people out of work,” Warren stated. “I hope you consider that before you drive this economy off a cliff.”
Sorry, Liz, but your grandstanding totally disregards how the O’Biden crew has already driven the economy off a cliff.
And that the Federal Reserve is simply trying to heal an already injured economy with a limited medical kit.
Adding hypocrisy to the progressive grandstanding, Liz – and many other progs – touted/encouraged lockdowns.
And they even cheered as the unemployment rate rose to historical highs.
It was them that forced businesses to close, many permanently.
But now – all of a sudden – these liars seem concerned that unemployment will rise once again?
Add into the equation that O’Biden’s first act as prez was to cancel/reverse all measures that made America energy independent.
And the truth about the supply chain problem is that it’s completely out of the hands of the Fed.
Listen to What the Fed is Saying
Simply stated, the Fed is saying that it cannot combat inflation on its own.
But in an effort to avoid taking the blame – something politicians NEVER admit – Congress wants the world to believe it’s all caused by the FED.
Fed Chairman Powell knows that the Fed is stuck between a rock and a hard place.
And in order to work out of this mess, some must lose in order for the situation to improve.
But…and this is a Very Big Butt…
The situation will not improve until the Stinky Joe administration aligns its objectives to support domestic policy.
Unfortunately, that’s something hard to foresee happening under a Democrat leader.
Translation: the US workforce is expected to take a big hit in the near future due to fiscal and policy mismanagement.
That’s precisely what the Fed is saying.
Adding gasoline to a burning inferno, the cost of basic necessities is rising, housing is unaffordable, and countless people will lose their jobs.
And as we wrote in May of 2020:
“You cannot shut down the entire world economy without expecting to see major long-term damage.”
So, welcome to the long-term damage we’re experiencing in real time…thanks to the Great Reset Boyz.
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