Larry Summers says Bidenomics is becoming more dangerous .

[yidnar]

democrat Larry Summers Obama's top economics adviser says Bidenomics is getting increasingly dangerous and may drive inflation even higher !

‘Increasingly dangerous’ Bidenomics will worsen inflation, Larry Summers says

Larry Summers said that the administration’s decision to eschew free trade agreements with other countries could contribute to higher levels of inflation.

nypost.com

 

[yidnar]

only 34% of Americans approve of Bidens handling of the economy !

Biden Says The Economy’s Doing Great. Lots Of His Own Voters Don’t Believe Him.

The economy is doing well. Americans just don’t believe it. By many metrics — employment, consumer spending and wages — the economic recovery from the fallout o…

fivethirtyeight.com

 

[luiza]

There Is No Such Thing As “Bidenomics”​

The supposed financial progress that Biden is trying to take credit for has nothing to do with Biden’s policies. Not a thing. Unless, of course, you count market manipulation as a positive.

For example, the reduction in CPI is directly related to the continuous interest rate hikes of the Federal Reserve, which Biden has zero control over. The Fed is autonomous and makes its decisions independent of the White House or government. This is a fact openly admitted by former chairman Alan Greenspan. When the fed raises rates, debt becomes more expensive, lending slows down and thus the economy slows down.

One of the only ways that Biden can influence CPI is through artificial deflation of energy prices. The Biden Administration has been dumping US strategic oil reserves on the market for the past year as a means to suppress oil prices, thereby directly and indirectly keeping the CPI numbers down. This is not progress, it’s economic fraud.

The misuse of stats extends to other sectors, such as Biden’s attempt to take credit for the recent reduction in the US deficit. Again, this has nothing to do with Biden; the Fed’s interest rate hikes make it more expensive for the government to take on debt, therefore, debt spending drops.

 

[okfine]

Larry Summers says.
Now I think I've heard that more times than not. In his mind nobody knows anything like he does.

 

[yidnar]

Larry Summers says.
Now I think I've heard that more times than not. In his mind nobody knows anything like he does.

he's a dem and was Obama's chief economic advisor ! even a dem knows that Bidenomics is a disaster !

 

[RhodyPatriot]

democrat Larry Summers Obama's top economics adviser says Bidenomics is getting increasingly dangerous and may drive inflation even higher !

‘Increasingly dangerous’ Bidenomics will worsen inflation, Larry Summers says

Larry Summers said that the administration’s decision to eschew free trade agreements with other countries could contribute to higher levels of inflation.

nypost.com

Whatever one thinks of Summers, he called the BS on Yellen's "transitory" nonsense early on.

He just doesn't seem to understand it's all a part of the plan.

Agenda 2030, bitches.