Yellen Yelps Mia Culpa On Inflation Debacle

Treasury Sec Yellen admitted on CNN she blew her call on inflation being “transitory” & blamed it on tough luck (as Joe still does) but even a neophyte could see the data (& Joe’s inflationary policies) pointed to “prolonged” kind.

Many are now asking “How does this person still have a job?” Or, was she providing cover (and now being thanked) for No. 46’s War on Fossil Fuels & wild multi-trillion Covid relief spending aka printing money spree? We may never know. But, Fox News notes that last June she insisted “inflation would be ‘transitory’ … [while] … a few months prior to that … claimed inflation risks were ‘small & manageable’.” Just trust “I Have a Plan” Joe to handle any teeny-weeny risks as they come, she suggested in various public comments. Somehow, a Treasury spokesperson now elaborating for Yellen, her boss, said the country’s supposed No. 1 financial guru couldn’t have seen “shocks to the economy that have exacerbated inflationary pressures,” then segued into WH talking points about how swell the economy is growing (thanks to unprecedented government spending?) & historic job growth (thanks to natural recovery from historic pandemic lockdowns?).

Forbes editor Avik Roy reminded “lots of people anticipated ‘the path inflation would take.” Mocked Washington Times columnist Tim Young: “I suck at my job … but I’m going to stay here to keep sucking at it.” Advised Blaze TV host Steve Deace: “Wow, someone actually admitted error for a change. But now show us it’s sincere by turning course from the policies that caused this.”

Davd Soul