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(AP Photo/Richard Drew, File) Just nine days ago, I wrote an article about Federal Reserve Chairman Jerome Powell breaking with Joe Biden on the clueless president’s ridiculous buck-passing claim that Russian President Vladimir Putin is responsible for skyrocketing gas prices in America — vs. the real culprit , Biden’s war on energy.
I hereby withdraw any credit I gave Powell in the above article.
Why the sudden turnabout? During a recent interview, Powell blamed the worst inflation in 40 years on the unvaxxed among us. Yep, the cause of Bidenflation falls at the feet of unvaccinated Americans, folks.
Here’s Powell: What did we get wrong? And that really was looking at these supply-side issues and believing that they would be resolved relatively quickly. By that I mean there were gonna be vaccinations — everyone would get vaccinated — so the millions of people who dropped out of the labor force would come right back in, so wages wouldn’t be under such pressure. That didn’t happen. Um, what about the never-ending lockdowns and Biden’s constant attempts to scare the bejesus out of everyday Americans, etc., Mr. Secretary? You know, ridiculous stuff like your boss’s “ winter of severe illness and death ” silliness? Yeah.
Powell continued to dig deeper. [Spoiler: Back to Putin.] In addition, the bottlenecks and the shortages haven’t been alleviated yet, and on the back of that comes the new shock, in the form of the war. Um, but so we — it wasn’t something wrong with our model, because it wasn’t in the models, at all. So what was it, then? It was a question of how to assess the persistence of these supply-side shocks. And I do think that there’ll be — that there is a lot of work going on to get smarter about the supply side. In […]
They’re Trying to Shut Us Down
Over the last several months, I’ve lost count of how many times the powers-that-be have tried to shut us down. They’ve sent hackers at us, forcing us to take extreme measures on web security. They sent attorneys after us, but thankfully we’re not easily intimidated by baseless accusations or threats. They’ve even gone so far as to make physical threats. Those can actually be a bit worrisome but Remington has me covered.
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JD Rucker
