The Real Threat to the U.S. Economy Isn’t Election Integrity, It’s Joe Biden
BY: M.D. KITTLE | MAY 06, 2024
Read more at https://thefederalist.com/2024/05/06/the-real-threat-to-the-u-s-economy-isnt-election-integrity-its-joe-biden/
M.D. KITTLE
Treasury Secretary Janet Yellen last week warned that “threats to democracy” will imperil U.S. economic growth. Yellen’s admonishment is a less-than-veiled finger wag at former President Donald Trump and anyone who would dare question the official lie that the 2020 election was “one of the most secure elections in history.”
The real threat to the economy is Joe Biden, his buffoonish treasury secretary, and the rest of the capitalism-crushing useful idiots in this dangerous administration.
As Democrat Party public-relations firm the Associated Press reported, Yellen used “economic data” in her address Friday in Arizona to “paint a picture of how disregard for America’s democratic processes and institutions can cause economic stagnation for decades.”
“Yellen, taking a rare step toward to [sic] the political arena, never mentioned Trump, the presumptive Republican presidential nominee, by name in her speech for the McCain Institute’s Sedona Forum, but she hinted at the former president’s potential impact if he regains the White House,” the AP’s Fatima Hussein and Josh Boak propagandized in a shared byline.
The former Federal Reserve chairwoman, who has routinely injected herself into the “political arena,” used the speech to “serve as a sort of warning for business leaders who may overlook Trump’s disregard for modern democratic norms because they prefer the former president’s vision of achieving growth by slashing taxes and stripping away regulations.”
Yellen’s comments, and the AP article marketing them, are as nakedly political as they are hilariously absurd. Trump’s assertions that the 2020 election was rigged — by shattered election laws in swing states, unprecedented infusions of leftist third-party cash in election administration and election interference by the same rotten-to-the-core corporate media peddling Yellen’s assault on democracy diatribe — are more dangerous than Bidenomics? Americans and economic data disagree.
‘Transitory’ Regret
Yellen’s comments preceded Gallup’s latest Economy and Personal Finance poll showing Americans’ trust in Biden’s leadership at an all-time low. The poll, conducted April 1-22, finds just 38 percent of respondents say they have a “great deal” or a “fair amount” of confidence that Biden would do or recommend the right course for the economy. Former President Donald Trump, the Republican opponent Democrats and their pals in the Deep State are trying to throw in jail, is polling at 46 percent on the economic question.
Understandably, Americans are downright cranky about the shaky state of their personal economy, compliments of the Biden administration’s prosperity-crippling policies.
“With Americans less optimistic about the state of the U.S. economy than they have been in recent months and concern about inflation persisting, their confidence in President Joe Biden to recommend or do the right thing for the economy is among the lowest Gallup has measured for any president since 2001,” Gallup reported Monday.
Over the past three years, Americans learned to be confident that Biden would do the wrong thing. And his bungling treasury secretary has provided plenty of political cover. What is stunning is that a majority of Americans (57 percent) until 2022 had confidence in the Dementarian’s management of the economy. Only President George W. Bush had a lower rating, with a meager 34 percent confidence number at the end of his second term amid the real estate bubble-burst recession.
As inflation began to climb in 2021, economics genius Yellen described the soaring cost of things as a “transitory” problem. She doubled and tripled down as inflation ballooned to levels not seen since the real Great Recession of the 1980s, caused in large part by the policies of a lousy president Biden is often compared to: Jimmy Carter.
Yellen earlier this year offered her “regret” for saying what was patently false. It didn’t take a PhD from Yale and a University of California, Berkeley professor to know that higher prices were — and remain — here to stay under Bidenomics.
“I regret saying it was transitory. It has come down. But I think transitory means a few weeks or months to most people,” Yellen said during an interview with Fox Business in March.
No Sale
Inflation has come up since Yellen expressed her regret. Soaring mortgage rates have priced Americans, particularly young families, out of home ownership. The housing crisis could be the “death knell for America’s middle class,” Newsweek warned in December.
American workers have seen any income growth devoured by rising costs for everything from gas to Happy Meals. Yes, Democrats’ massive expansion of government regulations on business — especially small business, climate change cultism, foreign policy debacles, and unsustainable spending — has everything to do with why middle-income earners are feeling the pain and increasingly frustrated.
Just as frustrating, you have the accomplice media covering for the bungler-in-chief, telling Americans what they’re experiencing is simply not real. The New York Times’ gag-worthy piece last month claiming Biden has a positive story to tell on the economy is political propaganda of the most ludicrous order. No one should be surprised about such absurd water-carrying by a Biden-backing corporate media that has pushed Democrats’ perfect election narrative despite Democrats’ many, many imperfections.
Now the tone-deaf treasury secretary wants to tell American businesses that tax-cutting, “election denier” Trump is more of a threat to the U.S. economy than the economic menace that is Joe Biden. America isn’t buying what Yellen is selling. They can’t afford to.
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