Inflation in America fell three-tenths of a percentage point to 6% annually in October, as measured by a personal consumption expenditures prices index from the Bureau of Economic Analysis.
It’s one of multiple inflation measures that is created and used by the government, the most popular being the Consumer Price Index, which has been hovering well above 8% most of the year.
That means that it’s costing families thousands of dollars more this year to have the same lifestyle as just a year ago.
And it’s their fault, one of Joe Biden’s appointees, Treasury Secretary Janet Yellen, says.
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She’s ignoring Biden’s open warfare against the nation’s energy industry, which caused energy and gasoline prices to explode to more than $6 a gallon.
And she’s ignoring the multi-trillion dollar spending bills Biden has demanded from Congress.
According to Fox News, Yellen is claiming that “consumers’ excessive spending habits” are the reason for inflation.
Yellen was on a late night television show and responded to Stephen Colbert after he asked how inflation got out of hand when “two years ago everything seemed fine.”
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Fox explained that Colbert is known for his “sycophantic boosting of President Biden and Democrats.”
But even he noted that Biden had dismissed inflation as a “small risk” as recently as a year ago.
Fox explained, “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. “It turned out the pandemic had very special impacts on the economy. Remember, everybody stopped spending on services.”
She said people instead “spent more money on ‘grills,’ ‘technology’ and office equipment as they were working from home.”
EDITOR’S NOTE: Leftwing billionaire George Soros bankrolls everything evil – most recently the 75 pro-criminal “Soros district attorneys” who have transformed America’s most dynamic cities into degraded, crime-infested hellscapes of skyrocketing violent crime. Soros also funds drug legalization, euthanasia, open borders, globalism, Black Lives Matter, “defunding the police,” devaluing America’s currency and destroying her sovereignty. But why?
Whistleblower magazine reveals and explores the stunning truth: Soros, an atheist, literally says he’s “some kind of god,” obsessed with re-creating the world in his image. Here are a few actual quotes from Soros: “If truth be known, I carried some rather potent messianic fantasies with me from childhood…” “It is a sort of disease when you consider yourself some kind of god, the creator of everything, but I feel comfortable about it now since I began to live it out.” “You know, in my personal capacity I’m not actually a selfless philanthropic person. I’ve very much self-centered.” “I am kind of a nut who wants to have an impact.” “Next to my fantasies about being God, I also have very strong fantasies of being mad. … I have a lot of madness in my family. So far I have escaped it.”
Except he hasn’t “escaped it.” Not only is Soros totally mad, but he’s imposing his insanity on America. See Soros and the leftwing world he has created and funded as never before in “THE BILLIONAIRE WHO THINKS HE’S ‘GOD’: Why George Soros is obsessed with destroying America.”
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Related:
- Janet Yellen: Biden’s Spending Will Rid Nation of ‘Dependence On Fossil Fuels’ (Video)
- ‘Transitory’ Inflation? Yellen Says Consumers Facing Higher Prices For Another Year
- Yellen Calls For $100 Trillion (Or More) To Fix ‘Global Warming’
- Treasury Secretary Yellen’s Push For Global Minimum Corporate Tax Undermines Free Markets, Hurts Developing Nations
- Treasury Department – Has the US gone Communist?
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