Good day all. Senator Elizabeth Warren, (Communist-MA), is a classic limousine Marxist. She has hers and wants everyone else’s. She’s also a power mad tyrant wannabe. Big Chief Little Liar, who earned this and other sobriquets due to claiming that she was part American Indian, has been big on pushing socialism on the American people.
She also believes that the government is all powerful and should manage people’s day to day lives. Basically, she’s a flat out totalitarian. She’s also been big on massive levels of taxation and control of private businesses As a Senator, she has also pushed all the spending bills designed to increase the power and scope of the government. Now that the bills are coming due and the Federal Reserve is moving to screw things up as even worse, she’s concerned that they could push the country into a recession. Here are the details from Fox Business News:
Sen. Elizabeth Warren, D-Mass., said Sunday she’s “very worried” that measures taken by the Federal Reserve to tame inflation are going to put “millions” of Americans out of work. During an appearance on CNN’s “State of the Union,” Warren said she’s concerned that the Fed’s continued raising of interest rates could “tip” the country into a recession.
To late stupid, we are in a recession, regardless of what Bumbles Dementia Biden says.
“I am very worried about this, because the causes of inflation, things like the fact that COVID is still shutting down parts of the economy around the world, that we still have supply chain kinks, that we still have a war going on in Ukraine that drives up the cost of energy and that we still have these giant corporations that are engaging in price gouging,” she said.
“There is nothing in raising the interest rates, nothing in Jerome Powell’s tool bag that deals directly with those, and he has admitted as much in congressional hearings when I’ve asked him about it,” she continued. “Do you know what’s worse than high prices and a strong economy? It’s high prices and millions of people out of work. I’m very worried that the Fed is going to tip this economy into recession.”
Lie-a-watha has no idea how the economy actually works. She’s basically scammed her way to wealth. Privilege and power and done little real work in her life. She thinks this makes her an expert on how businesses should be run. She’s also never been one to let reality get in the way of her beliefs.
Fed Chairman Jerome Powell on Friday delivered a stark message on the state of the U.S. economy at the annual central bank gathering in Wyoming: Inflation remains painfully high, and cooling it will require forceful action that could soon bring “pain” to households and businesses nationwide.
And that meathead managed to cause the market to drop about 1000 points. Frankly, the Federal Reserve board has always been constitutionally questionable, and it’s due to their actions over the last century+ that we have seen both Depressions and Recessions. However, that something for another post.
In his hotly anticipated speech at the Kansas Federal Reserve’s Jackson Hole symposium, Powell reiterated a pledge to “forcefully” fight inflation that is still running near the hottest pace in 40 years and wrestle it closer to the Fed’s 2% goal.
That moron helped cause the problem in the first place. That jerk, along with the others, did nothing to keep Congress and the meathead in the Oval Office from spending money we do not have. As for Warren, she wants to flat out nationalize pretty much the entire economy, starting with the oil companies and banks. History has proven that what she wants to do has never worked.
Fauxahontas’s reasoning is also typical of Socialists and Communists. It hasn’t worked yet because the right people haven’t been brought in to handle it. Warren thinks she’s that “Right person.” What she is, is just another Marxist demagogue with delusions of competence. She’s also an example of the need to repeal 17th Amendment and also institute term limits.
Thatisall
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