[Breitbart] On Monday’s broadcast of CNBC’s “Squawk Box,” Treasury Secretary Janet Yellen acknowledged that “Americans still see increases in some important prices, including food, from where we were prior to the pandemic.” And responded to poor polling data on the economy by stating that “it’s our job to explain to Americans what President Biden has done to improve the economy. I think as inflation comes down, prices stop rising, and the labor market remains strong, Americans will begin to see that we have made meaningful progress.”
Co-host Andrew Ross Sorkin asked, “Thanksgiving is coming up, and some good news at least that we’re hearing in terms of inflation and the price of turkey and what it’s going to cost people at home to buy it, to get through Thanksgiving has come down, but it is still more expensive than where we [were] in 2021. How do you think about where we are in this inflation battle?”
Yellen answered, “So, I think we’re making considerable progress in bringing inflation down, and we saw this clearly in last week’s news, 12-month headline inflation is down to 3.2%. That’s down almost 6 percentage points from its high. But, although prices in general are rising much less quickly, Americans still see increases in some important prices, including food, from where we were prior to the pandemic. And this remains notable to people who go to the store and shop or rents — although they’re rising less quickly now — are certainly higher than they were before the pandemic. So, I do think we’re making considerable progress in bringing inflation down, but Americans do notice higher prices from what they used to be accustomed to. And, importantly, we’re making this inflation progress while maintaining a strong economy and a strong labor market. So, that’s good news for Americans.”
Sorkin then said, “Madam Secretary, it may be good news for Americans, but it doesn’t seem to be showing up in the polls for President Biden, and I also want to read you something. A recent poll by The New York Times and Siena College finding 59% of voters under 30 rate the economy as poor. So, philosophically and sort of intellectually, you can look at a lot of these numbers and say, man, this is a great economy in so many ways on a relative basis to history and the like, but at the same time, you have poll numbers and others saying that they don’t feel it.”
Yellen responded, “I’m aware of that, and I think it’s our job to explain to Americans what President Biden has done to improve the economy. I think as inflation comes down, prices stop rising, and the labor market remains strong, Americans will begin to see that we have made meaningful progress. And importantly, the administration is making investments in America that will show up and improve conditions and more availability of good jobs in many parts of the country that have not seen a lot of progress. We’ve had good economic results on the coasts. Many parts of the country over the last several decades have been left behind, and now, as a result of the trifecta of legislation that’s been passed, the infrastructure bill, the CHIPS and Science Act, the Inflation Reduction Act, we’ve had over $500 billion in manufacturing investments that have been announced. We’re beginning to see some of those come to fruition, a new battery built in the middle of America, in places that really need good jobs, and I think this is really improving America’s prospects over the medium term, and, over time, Americans will see that and feel more hopeful about our prospects.”
Posted by: Skidmark ||
11/22/2023 00:00 ||
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Top|| File under: Tin Hat Dictators, Presidents for Life, & Kleptocrats
#1
Her concept of 'improved economy' doesn't involve the life of most Americans. It's what her and the elites reap from manipulating and looting the system.
#3
"Other than food, energy, housing, transportation, clothing,..... we're doing great!
Starving in the cold and dark is very good for our carbon-capture regime"
Posted by: Frank G ||
11/22/2023 8:39 Comments ||
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#5
I guess from the perspective of a Ukrainian bureaucrat, the US economy has dramatically improved since Joe Biden took office. Not perfect but much improved. Other parasites are happy as well.
Posted by: Super Hose ||
11/22/2023 10:21 Comments ||
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#7
"It's the economy, stupid" does not work as an argument on the brand of stupid being produced by the gummint schools these days.
Posted by: M. Murcek ||
11/22/2023 13:01 Comments ||
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#8
#6 Yep - and what happened right after Thanksgiving 2019 to change all that is brewing up once again in China... right on cue.
Posted by: Rex Mundi ||
11/22/2023 14:04 Comments ||
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#9
"Watch my hand! Not the other hand! The one over here! This is magical! Stop watching my other hand! Right here! Are you people stupid? I have a degree! You don't!"
[HOT AIR] I think we can all agree that Joe Biden’s term in office is Barack Obama’s third term. Biden’s administration is filled with Obama people and it recently came to light that Barack Obama has been advising the White House for months on subjects like AI. As the primary season progresses, Obama has become more and more outspoken on social media and progressive podcasts.
Obama is inserting himself in the 2024 presidential election. He is using his inner circle and supporters to help get out his message. Joe Biden is too old and too unpopular to win re-election. Can Biden turn things around by Election Day? In theory, yes. Practically speaking, it is unlikely. Biden’s poll numbers began to tank when the reality of the disastrous withdrawal from Afghanistan began to play out in real time. He has not recovered from that early mistake. Why would I think he can recover in a matter of months to win re-election?
Joe Biden, the career politician who first entered the U.S. Senate at age 29, is remarkably tone deaf and inept as a politician. At age 81, he will not change. He is in denial that voters are over having him in the White House. The alarms were sounding loud after the NYT-Siena poll that showed Biden losing 5 out of 6 of the most important battleground states to Trump. Biden trails Trump in Arizona, Georgia, Michigan, Nevada, and Pennsylvania. Biden wins Wisconsin but only by 2 points. Biden won all six states in the 2020 election.
One of the Democrats who hit the panic button hard was David Axelrod. Axelrod, a top Obama adviser, would not be speaking out if he did not have the blessing of Barack Obama. He’s speaking out to warn Biden of what is likely to come. Biden was asked about recent polls and he denied that he is in trouble. He said the reporter (FNC’s Peter Doocy) was only looking at the NYT poll and the CNN poll. There were ten polls showing different results, he said. In private, Biden called Axelrod a p***k for his comments.
#1
In my opinion, as long as Biden can still breath he will be the Dem 2024 candidate. The 'real' president and 2024 presidential candidate is Obama.
The status quo of the current power locus is the desired democratic outcome. Replacing Biden would risk the loss of Obama's influence, along with his shadow government advisors and staff. A new president would likely pick his or her own team.
The Deep State's only threat to continued power is Donald Trump. They loath and fear him because he's an outsider who speaks the truth.
#4
P2k, it's not the vote that counts. It's who counts the vote.
Posted by: Rambler in Virginia ||
11/22/2023 8:54 Comments ||
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#5
^And here I always thought that Obama was a hand puppet.
He still is, but his 'presence' give whoever has her hand up his backside more authority.
Imagine if you will a stacked set of ventriloquist dummies, with the middle one large enough to shield the actual operator from view.
Posted by: Mullah Richard ||
11/22/2023 10:57 Comments ||
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#6
Biden is a sock-puppet for the Lightbringer and his Puppet Show, and behind him is a cabal, with the CCP as the Eminence Grise at the Head of the Table
#8
#7 A set of Russian Matrioshka, which set an interesting thought.
The main beneficiary of Russia-Ukraine war is not USA, and - definitely - not Ukraine. China, on the other hand ...
A multi-volume chronology and reference guide set detailing three years of the Mexican Drug War between 2010 and 2012.
Rantburg.com and borderlandbeat.com correspondent and author Chris Covert presents his first non-fiction work detailing
the drug and gang related violence in Mexico.
Chris gives us Mexican press dispatches of drug and gang war violence
over three years, presented in a multi volume set intended to chronicle the death, violence and mayhem which has
dominated Mexico for six years.
Rantburg was assembled from recycled algorithms in the United States of America. No
trees were destroyed in the production of this weblog. We did hurt some, though. Sorry.
