Biden’s Treasury Secretary Janet Yellen finally revealed the truth about what the Democrats are hoping to accomplish with their far-left ‘Inflation Reduction Act,’ admitting it will eradicate oil and gas in the U.S. once and for all.
During a speech at Ford’s electric vehicle factory in Dearborn, Michigan, Yellen argued a number of bizarre points including saying that soaring energy costs are not the Biden administration’s fault, while essentially confirming that the Inflation Reduction Act is nothing more than a refaced Green New Deal which will “rid ourselves” of oil and gas.
“The Inflation Reduction Act will put us on our way toward a future where we depend on the wind, the sun and other clean sources of energy. We will rid ourselves from our dependence on fossil fuels,” Yellen said.
Yellen’s delusion led her to stake other claims during the speech, like celebrating the current economic conditions and praising Joe Biden for ushering them in.
The Treasury Secretary said we have seen “one of the quickest economic recoveries in our modern history.”
“Our plan has worked,” she commented. “The United States experienced the fastest pace of job creation in our history. Household balance sheets are strong. Businesses continue to invest. Our broad and inclusive recovery has outpaced that of many other large economies. And measured by gross domestic income, our economy continues to expand and is operating above levels that would have been predicted pre-pandemic.”
Yellen’s claims of a strong economy don’t exactly make sense, however, given that Biden has steered the U.S. into two consecutive quarters of GDP contraction – the consensus definition of a recession.
She went on to suggest that the White House has nothing to do with inflation – despite numerous massive spending packages which many economists have sounded the inflationary alarm over.
“Now, Americans are rightfully concerned that higher prices are squeezing their day-to-day budgets and their longer-term savings,” Yellen continued. “The causes of inflation are largely global. But the pain of inflation is personal. This administration’s top economic priority is to combat inflation, even as we know the Federal Reserve has the primary role to play in restoring price stability.”
Yellen later went on to express her desire to force Americans pay more taxes – hoping that the new beefed up IRS will help to enforce that.
“This includes closing loopholes and returning tax rates for high earners and corporations to historical norms,” she said. “By making everyone pay their fair share, these reforms will provide our government with additional fiscal room to make critical investments.”
I am presently creating a minimum of an additional 37,000usd per month from work by doing terribly honest and no-fuss on-line housekeeping jobs. kind of media relating to coaching courses on a particular web site …….. http://strongmoney24.blogspot.com/
SPAMMER/SCAMMER!!! Everyone be aware of what this really is and ignore it! It has nothing to do with the article and is an attempt to get your personal information so they can steal from you. IGNORE, IGNORE, IGNORE: SCAM!!!
They supply me $150 five Associate in Nursing hour to finish artwork on an Apple laptop. I in reality didn’t think it have become possible, however my trusted pal created $36,000 in precisely 3 weeks in operation throughout (ant-0s2) this easy chance and she or he or he stimulated me to present it a try. Discover extra instructions thru way of manner of
motion the subsequent link=====>>> https://smart.online100.workers.dev/
SCAM ALERT! Just look at the ridiculously poor English, which is a major indicator for these scams. “she or he or he stimulated me…” ???? Wow. Please ignore this garbage and save yourself a lot of problems. I’m surprised the admins of this site even let this trash through.
I have even produced $19,570 only in thirty days just working a few easy tasks from a laptop.~r41~Immediately once sxs I’ve lost my previous position, I was very distressed and thankfully I have discovered this best on-line opportunity that’s why I could make thousands staying at home.~r41~Everyone can certainly join this best work & collect extra dollars online by checking this page
>>> https://netcareer54.blogspot.com/
Hmmm. No punctuation, crappy grammar, sentences that make no sense, and an unrealistic promise for earning? Yup. SCAMMER!!!!!
The infrastructure simple isn’t there yet for a switch to electric, even if, the cost to the average American were low enough to be practicable. Replacement parts eg. replacement batteries, etc. are simple more than is affordable to most auto owners (Currently, something like $28 to £30,000, in some cases, more than the car is worth.). Recharging stations seem to work only sporadic, assuming you can find one free of other users to charge your vehicle. Home chargers are only an option if one has their own home in which to place it, High rise and apt. dwellers do not have an option to have their own charging stations. And, while not usual, batteries exploding and just plain catching fire has to be investigated and fixed, availability of replacement batteries seems to be too sporadic at best. Battery powered vehicles such automobiles is the ONLY alternate mode of transport, so-far, that has shown any promise at all. Transportation such as flight, water borne vehicles, simple does not exist in any viable form to add to this administration’s “Green” agenda. Once again, I have to say that this whole green narrative, at this point in time is simply not a practical one and to be implemented, should be phased in slowly, rather than just dumped on society like Biden and his band of fools want to do.
Hello.
“Band of fools….”? You are being very generous.. God bless you for your kindness and generosity.
There is nothing in the inflation reduction act to reduce inflation. It is a globalist, elitist bill to be paid by American tax payers that is harming especially the lower and middle class citizens. King biden is tyrannical pushing the left wing agenda to destroy this nation.
Climate change is going to happen no matter what you all do. It is a natural occurrence. Climate change is what wiped out the dinosaurs, there was no pollution problem back then. Fossil fuel wasn’t even a thing back then, but, it happened anyway. Why? Because it is a natural occurrence, you can’t stop it. Inflation reduction? That’s why I have to go back to work, so we can afford to live under your inflation reduction act. MORONS
Hey Barbara, when the left talks climate change they are not talking about naturally occurring climate change. They mean Man created (made) climate change. Since the US is one of the only countries trying to do something about it, our efforts won’t make much of a dent in it (read about 1% – being generous here). It’s a scam.
What none of these “greenies” want to admit, or want anyone to know, is that it takes fossil fuels to run a lot of their “clean energy” methods. When there’s no wind, or the sun is either not out or behind heavy cloud cover, their reserved-energy generators can only last so long, so what happens? Ah, a reversion to fossil fuels to keep those generators going. And what about places like Florida? Sure, get those solar panels plastered on your roof, but the first major hurricane that comes through will either tear them off and/or severely damage them. Then there’s the maintenance they won’t talk about – ya gotta pay a lot of money to have someone climb up there and clean the panels, or they won’t work, or work efficiently enough to be worthwhile. It’s all sleight-of-hand politics: “Look over here while we’re doing horrible things over there.” It’s Washington D.C.’s ongoing get-rich-quick scheme for the elites stinking up our Capitol.
This is the most delusional administration ever. So full of lies. To think people actually believe this garbage that the country is better than ever?!!! Pray hard. Our country is in trouble.
Biden is a lying fool. He makes Carter look like a genius. We can only hope there are enough thinking people to vote and cripple him from doing more damage until we can get rid of him in 2024.
Biden and many of his cronies have lived off the public teat for most of their lives, so it is not surprising that he thinks that teat never runs dry. As Margaret Thatcher said many years ago, “The only problem with socialism is that sooner or later, you run out of other people’s money.”
This woman’s a nut case. There is no way our country is doing as good as she says they think we r all stupid. Fuck Joe biden and fuck the rest of the morrons who think this loser is doing anything good for the average American
Even those dumb ANTIFA AND BLM SUPPORTERS will feel this!
Everyone who wants to change AMERICA move to a different country, it is already what you want. Reason why people all over the world want to come to AMERICA, most awesome country on the planet. SO LEAVE IT ALONE AND MOVE ON OUT!!!
3