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Author Topic: Yellen tries to make the case that people ‘are better off now’  (Read 1823 times)

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Online mystery-ak

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Yellen tries to make the case that people ‘are better off now’
« on: June 13, 2024, 05:12:23 pm »
Yellen tries to make the case that people ‘are better off now’
By
Jenny Goldsberry
June 13, 2024 3:47 pm
.

Treasury Secretary Janet Yellen tried to defend President Joe Biden‘s economic policies by suggesting all people are better off now than they were before his inauguration.

Yellen appeared on CNBC’s Squawk Box on Thursday to issue a response to a poll that found most people in the United States believe the country is undergoing a recession. Notably, Biden’s 2024 opponent former President Donald Trump has polled better on questions surrounding the economy, as potential voters view his policies better than Biden’s.

The treasury secretary cited the Congressional Budget Office, a nonpartisan group that recently submitted an analysis of people’s purchasing power in each income group. In this analysis, the CBO examined data from last year versus 2019, before Biden took office and before the country experienced COVID-19.

“All Americans, both those who are well off and those who are near the bottom of the income distribution, are better off now that wages have risen more than prices,” Yellen summarized the findings.

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https://www.washingtonexaminer.com/policy/economy/3043672/yellen-tries-to-make-the-case-that-people-are-better-off-now/
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Offline berdie

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Re: Yellen tries to make the case that people ‘are better off now’
« Reply #1 on: June 13, 2024, 05:41:46 pm »
I feel sure most people would love to live in her world.
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Offline Kamaji

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Re: Yellen tries to make the case that people ‘are better off now’
« Reply #2 on: June 14, 2024, 05:29:36 pm »
:bigsilly:
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Offline LMAO

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Re: Yellen tries to make the case that people ‘are better off now’
« Reply #3 on: June 16, 2024, 09:22:22 pm »
If people do not believe that they’re doing financially well in their own personal life, then they are not doing well in their own personal financial life.

Yellen’s  lecturing is an insult to them
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Offline Smokin Joe

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Re: Yellen tries to make the case that people ‘are better off now’
« Reply #4 on: June 16, 2024, 11:35:40 pm »
Quote from: LMAO on June 16, 2024, 09:22:22 pm
If people do not believe that they’re doing financially well in their own personal life, then they are not doing well in their own personal financial life.

Yellen’s  lecturing is an insult to them
Even more so when you consider how many of us she must not consider "people".
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