NOT KIDDING: Biden’s treasury secretary blames YOU for inflation


Treasury Secretary Janet Yellen blamed consumers' excessive spending habits as a primary cause for the near 40-year-high in inflation on Wednesday.

The Biden official appeared on "The Late Show with Stephen Colbert" where she was asked about the price increases that have plagued the U.S. for more than a year.

Colbert asked her to explain to his audience how inflation got out-of-hand when "two years ago everything seemed fine." The late-night host, known for his sycophantic boosting of President Biden and Democrats, even noted the Biden administration dismissed inflation as a "small risk" as recently as last year.

Yellen argued the administration managed the COVID-19 pandemic so well that consumers felt comfortable to "splurge" on goods.

"So we had a rapid recovery from the pandemic," she said, arguing Biden's policies brought unemployment down from 7% to 3.7%.

"It turned out the pandemic had very special impacts on the economy. Remember, everybody stopped spending on services," she pointed out, as businesses were shut down. Instead, people spent more money on "grills," "technology" and office equipment as they were working from home.

"They were in their homes for a year or more, they wanted to buy grills and office furniture, they were working from home, they suddenly started splurging on goods, buying technology," she claimed, which led to supply chain "bottlenecks."

Later in the interview, Yellen also blamed Russia for the increase in food and gas prices.

Don't blame the Biden Admin printing trillions of dollars: Secretary Janet Yellen tells Stephen Colbert the real reason inflation is out of control is because Americans are "splurging" on goods; "and, remember, Russia has conducted a brutal war against Ukraine"

Never does she mention Biden’s war on oil and gas which is the main reason gas and diesel prices skyrocketed.

When diesel prices skyrocket in particular, that cost factors hugely into the price of transporting goods on big rigs from warehouses and middlemen to stores all over America. And all of that increase is pass on to the consumer.

Not to mention everything that we use in our everyday lives that are petroleum products.

Sheesh, this isn’t hard. And I’m sure there are other factors involved in the price increases, but this is the biggest one I can think of and the fact that Yellen didn’t even mention fuel prices at all, whether she blamed it on Biden or Putin, just shows how much of a hack she truly is.


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