Author Topic: Janet Yellen departs from office — as she leaves a trail of mess behind her By Charles Gasparino  (Read 1005 times)

0 Members and 1 Guest are viewing this topic.

Online mystery-ak

  • Owner
  • Administrator
  • ******
  • Posts: 401,766
 Janet Yellen departs from office — as she leaves a trail of mess behind her
By Charles Gasparino   
Published Nov. 23, 2024, 3:10 p.m. ET

The whiplash-inducing, “Hun­ger Games”-style race to become Donald Trump’s Treasury secretary made it easy for the media to ignore what has been going on with Janet Yellen — and the absolute mess she’s leaving for her successor.

Yellen — who, it was revealed Friday, will be replaced as Treasury secretary in January by hedge fund mogul Scott Bessent — was Joe Biden’s pick to run the office that is essentially the country’s CFO.

Indeed, it could be the most important cabinet position in the White House given the importance of the US economy. Americans put Trump in office largely over his handling of the economy during his first term — job growth and wages that kept place with a low inflation rate.

Despite her gold-plated résumé, Ivy League degrees, and time served as Fed chair, Yellen gave the country just the opposite. Her boss paid the price politically as the American people paid the price economically.

And according to my sources, the American people aren’t done paying the price for Yellen’s mismanagement even if most of the financial media is overlooking the fiscal time bomb she devised — one that could blow up once Trump takes office.

more
https://nypost.com/2024/11/23/business/janet-yellen-exiting-office-leaving-mess-behind-for-trump-team/
Proud Supporter of Tunnel to Towers
Support the USO
Democrat Party...the Party of Infanticide

“Therefore do not worry about tomorrow, for tomorrow will worry about itself. Each day has enough trouble of its own.”
-Matthew 6:34

Offline Wingnut

  • The problem with everything is they try and make it better without realizing the old way is fine.
  • Hero Member
  • *****
  • Posts: 21,273
  • Gender: Male
You don’t become cooler with age but you do care progressively less about being cool, which is the only true way to actually be cool.

Online catfish1957

  • The Conservative Carp Rapscallion of Brieferville
  • Political Researcher
  • *****
  • Posts: 25,276
  • Gender: Male
Letting Yellen run Treasury is about as a good idea as letting one of my grandchildren.   And the results are in.....  If the socialist wanted economic scorched earth......   they got it.
I display the Confederate Battle Flag in honor of my great great great grandfathers who spilled blood at Wilson's Creek and Shiloh.  5 others served in the WBTS with honor too.

Offline GtHawk

  • Hero Member
  • *****
  • Posts: 14,531
  • Gender: Male
  • Well EXCUSE me!

Online mountaineer

  • Hero Member
  • *****
  • Posts: 62,047
Despite her gold-plated résumé, Ivy League degrees, and time served as Fed chair  ...

With her resume, she should have been the greatest Treasury Secretary in the history of Treasury Secretaries. Instead, we got a completely incompetent idiot.  22222frying pan
The abnormal is not the normal just because it is prevalent.
Roger Kimball, in a talk at Hillsdale College, 1/29/25

Offline GtHawk

  • Hero Member
  • *****
  • Posts: 14,531
  • Gender: Male
  • Well EXCUSE me!
Despite her gold-plated résumé, Ivy League degrees, and time served as Fed chair  ...

With her resume, she should have been the greatest Treasury Secretary in the history of Treasury Secretaries. Instead, we got a completely incompetent idiot.  22222frying pan
I thought it went without saying since the entire Biden administration from top to bottom was nothing but incompetent idiots.
( I am talking about me )

Online mountaineer

  • Hero Member
  • *****
  • Posts: 62,047
I thought it went without saying since the entire Biden administration from top to bottom was nothing but incompetent idiots.
Yes, that clearly was the most important consideration.
See also Pete Buttigieg and Alejandro Mayorkas.
The abnormal is not the normal just because it is prevalent.
Roger Kimball, in a talk at Hillsdale College, 1/29/25