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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.
U.S. President Joe Biden (C) meets with Federal Reserve Chairman Jerome Powell and Treasury Secretary Janet Yellen, in the Oval Office at the White House on May 31, 2022 in Washington, DC. The three met to discuss the Biden Administration’s plan to combat record-high inflation. (Photo by Kevin Dietsch/Getty Images)
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