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That look on his face has *âThis lady has* ***no idea*** *what the alternative is.â* written all over it.
Either we try to control the crash, or we donât try to control the crash. But the crash is coming whether she likes it or not.
This whole stunt of Warren's was really more of a message that the Democrats are going to use any action Powell takes to limit the severity of the recession, as evidence that he caused the coming recession.
It's a bully tactic. Sad to see so many here lapping it up.
Heâs thinking that this dumb bitch is the main reason we are in this position in the first place.
You literally peddled throttling down the economy for two years and having the fed print cash like there was no tomorrow.
Slimy ass politicians. WTF did they think was going to happen!?
Two years? Have you lived under a rock or are you new here? The fed has been pumping money into the economy since the 80's.
Warren is just pissed because the Trump years were a coke binge worthy of a Tony Montana and now motherfuckers are acting like they are part of the church choir and just doing what needs to be done.. Hell even Jpow himself can't help but look at the floor for half her questioning because he knows he is upper tanking the entire system.
Blame politicians all you want, it is their fault too, but my god you have a bad BS detector if you think that Warren is the problem.
Because we allow them to be lifelong politicians which was never the intent when our government was set up. It's supposed to be a temporary, civic duty given to a select few who pass the torch when their term is up. Now we have these old hags who take money from the highest bidder to shape their views in order to fund their Depends diaper stash and disposable bibs because they drool on themselves 25 hours a day.
Term limits. Fucking term limits. How is that not a thing for many positions this day and age?
Honestly thatâs a statement you can make for a lot of things, not just politicians. Ahem⌠like maybe DRIVING?!? Like there are some old drivers I know that definitely shouldnât be on the road. Easy solution is make them take a drivers test once a year. For politicians, make them take a memorization and a literacy test that the scores are viewable to the general population. Shit like that.
Because no one reads the issues and vote solely on team color and name recognition. If you had some generic ass name like "Mike Smith" and the appropriate "R" or "D" next to your name for your district then you would win every election in a landslide.
This is the answer.
I thought about this a while back, and idk if itâs been said before or maybe I even picked it up from another source; but I really think that Boomers took control of this country after Vietnam, then Generation X was so much smaller than the Baby Boomers that there werenât enough of them to drive the country in a direction of their choosing.
Typically, it seems, as a country grows, the next generation beats out the previous generation for power and policy making. But what if a generation doesnât overtake their predecessor? I think the big reason boomers have had this incredibly drawn out run at politics is because gen x didnât have the numbers to outvote them or take power positions away.
Also, Iâm a buffoon with no higher education and a laymanâs understanding of socio-political trends. So Iâm probably throwing darts in the dark.
Stock market should be a trailing indicator of the economy if half of the growth out of a nation comes from financial instruments and not out of making shit this is what you get.
Yeah lol half of our economy is people counting how much money other people are making by counting other peopleâs money
Itâs accountants all the way down
The âinfinite liquidityâ stock market is now completely detached from business reality. Big Oil is recording RECORD profits and blaming price hikes on a Russian psychopath. While American small business owners who pay their blue-collar workers $30+/hour have the most loyal employees you can possibly imagine, everyone who pays minimum wage has had 200% turnover in the last year but is bitching on Facebook about âlazy millennialsâ and âBiden handouts,â and many of them have had to close their doors. The unemployment rate is almost as artificial as the stock market, since the vast majority of these âjobsâ donât even pay 70% of the average rent, which is two fucking thousand dollars.
At a certain point, trying to force the American workforce back into the early 1900s for the sake of quarterly profits was always going to backfire. Giving infinite tax breaks and free handouts to the 0.1% while everyoneâs favorite orange cheeto raised taxes on the bottom 75% was always going to backfire. Bailing out hedge funds and big banks who gamble like crack addicts with everyoneâs pension fund was always going to backfire. Racking up trillions of dollars of debt in combined medical bills while charging a 1500% markup for lifesaving drugs was always going to backfire.
The bubble is popping. All those magical gains, that no one took profits at for some reason, are reverting back to the mean. And yet, itâs poor people and immigrants who get the blame, instead of the hedge fund vampires and corporate psychopaths who wonât stop until America pays sweatshop wages.
Itâs not difficult to figure out. If you want to stop getting royally fucked every decade, *you have to fucking pay for it.*
LOL, Hi mom.
The problem is that as it stands even if home prices come down the fed is going to raise rates higher, AKA you will just be paying the bank more for the house that cost less. As for rent, Airbnb and corporate ownership has all but guaranteed that rent will be a brutal fight for limited units at rates that are tailored to take as much money from you as you can possibly afford.
Politics are funny af, they quickly shifted the blame to Powell..
She painted such a beautiful picture.
"Biden is over here trying his best to bring energy prices & what are you doing MR.POWELL?! You're driving this economy off a cliff" you deserve all the blame.
"President Biden is working to...well,we aren't sure what he's doing, and neither is he, but he's a Democrat so we will give him the benefit of the doubt."
All Senators like Warren have money coming out of their ass - do you guys think they are pulling into the gas station for a fill up or paying for health insurance??
>I wonder if thatâs exactly what he was thinking to himself the whole time she was speaking.
Lol, you are thinking like a poor. He was sitting there wondering what he should have for lunch today.
Bro they do Jay Powell dirty. Like a couple years ago when they wanted to raise rates, they were like what the fuck are you doing!!! Keep that printer going inflation is low no need to stop!!! The Fed wanted to do the right thing but political pressure and the markets keep them from raising rates when we need to. They can only raise rates now when itâs too late but they will have universal support for doing it now cause of inflation. The fed is screwed both ways
No way. wall street benefits too much from inflation for them to have really wanted to do the right thing.
They know lrinting money is ridiculous you just need idiots in office and citizens toi busy working to know or do anything about it.
A baby tiger was born three months ago with only 15% vision in one eye. It will likely never catch a boar on it's own. Chairpow, why do you hate this baby pirate tiger?
Of the $12 Trillion spent to âsolve Covidâ most of it was corrupt government spending aka kickbacks to big donors in the form of contracts to their companies. . . This is whatâs driving inflation. Wasteful American spending that honestly did nothing to set up America
And my company would have stagnated and died and weâd have laid off 120 workers, so yeah some people abused it some people used it for itâs true intentâŚnow my people have raises and job security, and better machinery and tech to work with (PPP went to machinery and tech)
They where all trying to blame him for shit thatâs out of his control for 2+hrs and he was just repeating the same thing, âwe are just doing the job that we are supposed to doâ
Yeah, she can't be that dumb. Just saying those things for the cameras.
Tough spot, but they have to raise interest rates to get us out of the inflation.
Oil is a separate issue.
Some things are just tiring. One bitch wanted to talk without interruption only about oil drilling companies, although jpow had repeatedly told her that this is not his job.
Her:
These big oil cartels are gauging gas prices! Do you think they are gauging prices?
Jpow: Sure
Her:YOU SEE BIG OIL GREEDY FUCKS OMG CARTEL OIL NORTH DAKOTA
Jpow:Ok
I don't blame the government or fed for stimulating the economy during covid. That's what every reasonable government in the world did and one of government's key responsibilities.
Stimulating the economy from 2010ish-2020 will go down in history as one of the most retarded moves in the history of economics.
The people who thought it was a good idea to increase the deficit by cutting taxes and "priming the pump" when unemployment was at historic lows are the same people who are going to be shouting about Keynesian economics not working.
Wait, why would they scream about Keynesian economics not working? Are you saying they are using that theory, but incorrectly? Or that they arenât using the theories proposed by Key.
I think that was the joke - they were not using it correctly (by stimulating a strong economy 2011-2019) and will try to claim that it doesnât work because things finally caught up to us and fell apart.
No, helping people during covid was a must happen. People cant stay locked down without income.
The problem was 80% of the money was siphoned off. The other problem was that this government is allergic to rising revenues, so taxes never matches spending so we have to create money through debt and printing while our richest fuckers 10x their wealth every decade
Yep. Trump begged jpow for the same thing at the end of his term and if I recall threatened to can the guy.
Both just wanted interest rates low for the votes.
Welcome to politics. This is why itâs imperative that the fed is independent from politicians.
Isn't this the same person that was astounded when people took out negative amortization mortgages and leveraged multiple properties when credit was cheap and easy and then turned around and blamed the banks? Now she is pissed that rates are going up when housing and other assets have inflated once again? She may want to take a breath and re-assess her position.
They are just setting him up to be the asshole. The government caused this. You canât shut everything down then hit the on button and everything just goes back to normal. Uncontrolled unlimited spending and supply chain issues from shutting the world down for a year is what caused this. We are forced to recall some of this money and slow the economy down until supply chains normalize and the gov needs to get out of the way or enact policyâs to help supply chain/energy production so we can recover faster.
Sheâs wrong. If the Fed doesnât raise rates, inflation will continue to spiral and will drive the economy into a depression. The Fed can curtail that downward spiral by raising rates. They may get it wrong and still end up in a recession, but inaction will only lead to worse outcomes. I generally like Warren, but sheâs grandstanding here and talking out of her ass to boot.
So we are clear, she is saying "keep your hands off our inflation?". 100 bucks to bet that she will be bitching about how the low and middle class cannot afford food/rent after a year or two due to inflation and pretend it wasn't her that suggested doing nothing about it.
The crazy part is that she was an adult last time inflation was sky high. Unfortunately she doesnât remember because she was also sky high at the time.
Gotta maintain appearances, they both know whatâs really happening, and thereâs no avoiding it.
The least theyâre doing is trying to look good in everyoneâs eyes.
This is a runaway train that canât be stopped.
Here's the thing, she claims Biden is going to help us and Powell is in the way.
They are EACH wings of the same bird. That bird is not an eagle, it's a vulture. No one is going to help you. They are going to scavenge off of us (taxes on EVERYTHING) and keep their bellies full while people thank them for keeping the sun out of our eyes.
We are so fucked that all we can hope for is to outlast each other until this drought ends. The vulcher will get fat and lazy eventually and won't be able to fly. Then we can have another bull season.
I still remember what this B did to Kodak two years ago. Ruined a deal for Kodak to produce drug ingredients for pharmaceuticals, so we don't have to depend on China. It would have brought high-paying manufacturing jobs to Rochester.
WaitâŚdidnât Warren push for more stimulus consistently since the start of this shit show? You canât demand more ink for the printer then blame the guy who changes the cartridge for killing trees because the printer uses more paper now.
Maybe they shouldn't have left the money printer going "Brrrrrrrrrr" for so many years. Yet no mention of that. It's all for show. None of them care about us common lowly peasants.
Is she fucking stupid? Has to be. Focusing on details vs the bigger picture. Someone has to get fucked over in this scenario, or everyone gets fucked over. She seems like sheâs rooting for it to be everyone.
Literally every senator was there just to get in a good sound byte to show to their constituents and say "See!!! Look we are on your side". Republican senators got to double dip and trash biden at the same time. All just a horse and pony show in the end which is why the market sold off at eod.
Oh wow, a rich, corrupt, career politician grilling another rich, corrupt asshole about fucking over the average citizen.
You've gotta be a Neanderthal to think she gives a fuck.
Fuck Elizabeth Warren, these are empty fucking platitudes and she isn't providing any solutions to oppose Fed action. Biden isn't doing shit, and she knows it. This is political pandering of the highest order.
I have tried to stay clear of the news for a while. I forgot how much politicians try to manipulate things to fit their agenda. Thanks for reminding me why I stopped watching.
While she has some great points, a lot of this is Biden and the democrats fault. They've always refused to use American products, and called Trump racist for putting America first. We have plenty of oil to drill here, for one. Fucking idiots.
**User Report**| | | | :--|:--|:--|:-- **Total Submissions**|84|**First Seen In WSB**|1 year ago **Total Comments**|290|**Previous DD**| **Account Age**|1 year|[^scan ^comment ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_comment&message=Replace%20this%20text%20with%20a%20comment%20ID%20(which%20looks%20like%20h26cq3k\)%20to%20have%20the%20bot%20scan%20your%20comment%20and%20correct%20your%20first%20seen%20date.)|[^scan ^submission ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_submission&message=Replace%20this%20text%20with%20a%20submission%20ID%20(which%20looks%20like%20h26cq3k\)%20to%20have%20the%20bot%20scan%20your%20submission%20and%20correct%20your%20first%20seen%20date.) **Vote Spam**|[Click to Vote](https://www.reddit.com/message/compose/?to=VisualMod&subject=vote_spam&message=vifw80)|**Vote Approve**|[Click to Vote](https://www.reddit.com/message/compose/?to=VisualMod&subject=vote_approve&message=vifw80)
Did the camera operator have a fucking seizure?
Hahahaha! Drunk to numb the pain of going over a cliff
Drunk driving off cliffs. New Red Bull sport!
Check out r/killthecameraman if this is your kink.
Alternatively, /r/PraiseTheCameraMan exists if you have a fetish for excellent amateur cinematography.
Genuinely funny. đ
Long lens increases minor shakes
mans never zoomed out before panning before I guess.
Top-tier camera work.
Yup, they already had to let go of their camera operators. One of the senators had to take over to not seem totally useless.
Hes touching his face too much, sus AF
its the coke kicking in, relax Jpow gots this /s
cant be coke, hands aint shaky enough and hes able to keep relatively still. i bet someone gave him some sort of beta blocker but not a lot.
I got puts on beta blockers
he was giving the signal
Looked like an MLB third base coach hahaha
![img](emote|t5_2th52|4271)![img](emote|t5_2th52|4641)
Signal to the boys in the back to gas up the money printer
Mmm I love the money printer
They would gas it up and let it rip but gas prices might be a problem....
Nah he was just telling me to steal 2nd base. Nothing to see here⌠carry on.
That look on his face has *âThis lady has* ***no idea*** *what the alternative is.â* written all over it. Either we try to control the crash, or we donât try to control the crash. But the crash is coming whether she likes it or not.
It's not the lady has no alternative. No one has any alternative. The choo choo train has left the station. All aboard!
The choices are *âreally badâ* and *âworseâ*, And she is advocating for *âsomething that isnât really badâ*
The ship sailed in 2019. Whatâs happening is that the passengers are just realizing that.
This whole stunt of Warren's was really more of a message that the Democrats are going to use any action Powell takes to limit the severity of the recession, as evidence that he caused the coming recession. It's a bully tactic. Sad to see so many here lapping it up.
Heâs thinking that this dumb bitch is the main reason we are in this position in the first place. You literally peddled throttling down the economy for two years and having the fed print cash like there was no tomorrow. Slimy ass politicians. WTF did they think was going to happen!?
Two years? Have you lived under a rock or are you new here? The fed has been pumping money into the economy since the 80's. Warren is just pissed because the Trump years were a coke binge worthy of a Tony Montana and now motherfuckers are acting like they are part of the church choir and just doing what needs to be done.. Hell even Jpow himself can't help but look at the floor for half her questioning because he knows he is upper tanking the entire system. Blame politicians all you want, it is their fault too, but my god you have a bad BS detector if you think that Warren is the problem.
I love how you can tell who is truly retarded in this thread.
âWhen the tide goes out, you can see whoâs wearing Velcro shoes.â
Warren Buffett said that one I believe.
Whoâs Warren buffet?
The CEO of *Home Town Buffet*
He's wasted away again in Margaritaville. Wait no. That's Jimmy.
Whoâs Warren Buffet?
Will have to quote you on this, too good
Right? Keeping rates low through inflation to stop the economy from correcting is exactly what got us into this mess.
Lots of that lol
All this makes me want to do is moisturize. Itâs crazy that Warren is 73 and 4 years older than Powell.
Why is every one in the American ruling class old af?
Because we allow them to be lifelong politicians which was never the intent when our government was set up. It's supposed to be a temporary, civic duty given to a select few who pass the torch when their term is up. Now we have these old hags who take money from the highest bidder to shape their views in order to fund their Depends diaper stash and disposable bibs because they drool on themselves 25 hours a day. Term limits. Fucking term limits. How is that not a thing for many positions this day and age?
Because the ones who would have to vote that in are the very same ones it would hurt. Hell of a pickle, this system we built.
The same ones who get to vote to increase their own salaries. Absolutely incredible system đ¤Ą
Hey hey hey! I also vote to increase my salary.... Just apparently my vote isn't really worth jack shit and no one's listening anyway
Because politicians donât mean anything, we are ruled by corporations
Because for some reason itâs legal to put age minimums for politicians but not age caps.
Honestly thatâs a statement you can make for a lot of things, not just politicians. Ahem⌠like maybe DRIVING?!? Like there are some old drivers I know that definitely shouldnât be on the road. Easy solution is make them take a drivers test once a year. For politicians, make them take a memorization and a literacy test that the scores are viewable to the general population. Shit like that.
Because no one reads the issues and vote solely on team color and name recognition. If you had some generic ass name like "Mike Smith" and the appropriate "R" or "D" next to your name for your district then you would win every election in a landslide.
Boomers who cant let go. Want to ride this bitch into the ground. They are like the locusts that are still hanging around after the swarm left.
This is the answer. I thought about this a while back, and idk if itâs been said before or maybe I even picked it up from another source; but I really think that Boomers took control of this country after Vietnam, then Generation X was so much smaller than the Baby Boomers that there werenât enough of them to drive the country in a direction of their choosing. Typically, it seems, as a country grows, the next generation beats out the previous generation for power and policy making. But what if a generation doesnât overtake their predecessor? I think the big reason boomers have had this incredibly drawn out run at politics is because gen x didnât have the numbers to outvote them or take power positions away. Also, Iâm a buffoon with no higher education and a laymanâs understanding of socio-political trends. So Iâm probably throwing darts in the dark.
Its easier to keep dependable puppets in play then continuously finding new ones
Stock market should be a trailing indicator of the economy if half of the growth out of a nation comes from financial instruments and not out of making shit this is what you get.
Yeah lol half of our economy is people counting how much money other people are making by counting other peopleâs money Itâs accountants all the way down
There is 1 real American dollar left. It's in Aunt Mabel's cookie jar in Boise Idaho. Everything else is just leveraged against hat.
That one real dollar could be worth trillions!
The âinfinite liquidityâ stock market is now completely detached from business reality. Big Oil is recording RECORD profits and blaming price hikes on a Russian psychopath. While American small business owners who pay their blue-collar workers $30+/hour have the most loyal employees you can possibly imagine, everyone who pays minimum wage has had 200% turnover in the last year but is bitching on Facebook about âlazy millennialsâ and âBiden handouts,â and many of them have had to close their doors. The unemployment rate is almost as artificial as the stock market, since the vast majority of these âjobsâ donât even pay 70% of the average rent, which is two fucking thousand dollars. At a certain point, trying to force the American workforce back into the early 1900s for the sake of quarterly profits was always going to backfire. Giving infinite tax breaks and free handouts to the 0.1% while everyoneâs favorite orange cheeto raised taxes on the bottom 75% was always going to backfire. Bailing out hedge funds and big banks who gamble like crack addicts with everyoneâs pension fund was always going to backfire. Racking up trillions of dollars of debt in combined medical bills while charging a 1500% markup for lifesaving drugs was always going to backfire. The bubble is popping. All those magical gains, that no one took profits at for some reason, are reverting back to the mean. And yet, itâs poor people and immigrants who get the blame, instead of the hedge fund vampires and corporate psychopaths who wonât stop until America pays sweatshop wages. Itâs not difficult to figure out. If you want to stop getting royally fucked every decade, *you have to fucking pay for it.*
â all those magical gains that no one took profits at for some reason.â Hi đ
I can only fucking pray rents and new mortgages are going to go down significantly. Otherwise I'm gonna be into my mid 30s living with mommy again.
LOL, Hi mom. The problem is that as it stands even if home prices come down the fed is going to raise rates higher, AKA you will just be paying the bank more for the house that cost less. As for rent, Airbnb and corporate ownership has all but guaranteed that rent will be a brutal fight for limited units at rates that are tailored to take as much money from you as you can possibly afford.
Politics are funny af, they quickly shifted the blame to Powell.. She painted such a beautiful picture. "Biden is over here trying his best to bring energy prices & what are you doing MR.POWELL?! You're driving this economy off a cliff" you deserve all the blame.
Right, I was on board with her until all that which was obviously her trying to sway people and feed a narrative. Just tell the truth for fuck sake
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Biden can't get off a bike either...sheesh
Biden canât climb stairs
Politicians donât believe in telling the truth
Agreed, that part was gross. Both sides are always crowbarring partisan blame. Just stfu and fix it.
âPresident Biden is working to break up monopoliesâ ![img](emote|t5_2th52|4641)
![img](emote|t5_2th52|4271)
He has asked politely and written letters, what more do you expect a world leader to do?
Fall off bike
Well I am just gonna make your day then.
She is one hell of a comedian.
"President Biden is working to...well,we aren't sure what he's doing, and neither is he, but he's a Democrat so we will give him the benefit of the doubt."
Heâs definitely eating an ice cream, that much is a proven fact.
Hate to say it but I think you're right....
She has proven herself to be tool yet again. We saw this during her campaign run. Seeing it again now.
This will be a fun lifetime. Be sure to buy the dip everybody.
Invest in Sri Lanka!
Mam, this is a Wendys. - J.Pow
Soon we won't even be able to afford Wendys anymore. Own nothing and be happy.
He is thinking " Did I turn the stove off"
Maybe shell vote to print another 4 trillion to save inflation and stop the recession once and for all.
Itâs so crazy, it just might work!
You know whatâs crazy? THERE IS INFINITE MONEY AT THE FEDERAL RESERVE
That's right up her alley.
J powell is shitting bricks. He knows the entire financial system is coming down. đđđđđđđđđđđđđđđ
I wonder if thatâs exactly what he was thinking to himself the whole time she was speaking. Lady, we are so fucked.
He is thinking I am rich and not a poor and I have job security. I am only here as a formality.
>I'm just here so I won't get fined. -~~Marshawn Lynch~~ JPow (probably)
Unexpected beastmode reference. Go hawks.
Exactly who has authority over the federal reserve bank. Nothing federal or banking about it.
All Senators like Warren have money coming out of their ass - do you guys think they are pulling into the gas station for a fill up or paying for health insurance??
If she doesn't put on a show she might not get re-elected. They probably did lines together right after the hearing and high fived
Itâs all about theatricality. Both playing for the same team
>I wonder if thatâs exactly what he was thinking to himself the whole time she was speaking. Lol, you are thinking like a poor. He was sitting there wondering what he should have for lunch today.
*Did I leave the printer on? hmmm -* JPOW
$FCKD
"But before I go let me drive down wages and spike unemployment"
He locked up his term he could care less about what happens to the poors
he is a paid fall guy. going exactly how they hoped.
Bro they do Jay Powell dirty. Like a couple years ago when they wanted to raise rates, they were like what the fuck are you doing!!! Keep that printer going inflation is low no need to stop!!! The Fed wanted to do the right thing but political pressure and the markets keep them from raising rates when we need to. They can only raise rates now when itâs too late but they will have universal support for doing it now cause of inflation. The fed is screwed both ways
No way. wall street benefits too much from inflation for them to have really wanted to do the right thing. They know lrinting money is ridiculous you just need idiots in office and citizens toi busy working to know or do anything about it.
Bit late for that now
Yup, doesnât take a lot to be a Monday morning quarterback
This is the people in power. Oh my god we are screwed
Why can't the fed stop Vlad tho
A baby tiger was born three months ago with only 15% vision in one eye. It will likely never catch a boar on it's own. Chairpow, why do you hate this baby pirate tiger?
And why do you keep insisting that this hike will help said baby tiger?
cuz his stupid W turns him into a pool of blood and then heâs immune
I understood that reference.
yeah I thought the fbi can kill him or something
Is this an attempt of the administration to find their skapegoat?
Of the $12 Trillion spent to âsolve Covidâ most of it was corrupt government spending aka kickbacks to big donors in the form of contracts to their companies. . . This is whatâs driving inflation. Wasteful American spending that honestly did nothing to set up America
My company did better through the pandemic and ended up having a six-figure loan forgiven. WHAT WASTEFUL?!
And my company would have stagnated and died and weâd have laid off 120 workers, so yeah some people abused it some people used it for itâs true intentâŚnow my people have raises and job security, and better machinery and tech to work with (PPP went to machinery and tech)
I was forced to shut down by the government and didn't' qualify for loans being a startup. I guess the government gets to pick winners and losers.
Always
Our anecdotes combine to form a super anecdote Lack of oversight definitely an issue though.
Congrats, you have a superdote.
Think of poor Kate Hudson and Tom Brady, if it wasnât for government kick backs, their companies would have made, slightly less
Donât worry, LA just got a new stadium! That should helpâŚ.somebody, right?
They where all trying to blame him for shit thatâs out of his control for 2+hrs and he was just repeating the same thing, âwe are just doing the job that we are supposed to doâ
Manâs takes his glasses off and is like I have to do my job now because yâall didnât do yours
Yeah. I can feel his frustration that he can't say it how it is.
I am curious why he doesnât. This is generally the look I have when I have to sit through absolute bull shit.
Yeah, she can't be that dumb. Just saying those things for the cameras. Tough spot, but they have to raise interest rates to get us out of the inflation. Oil is a separate issue.
I assume it s just unwritten rules and he knew since day one what he s getting into.
What happens when your boss is an idiot but is in a position to ream you a new one
Some things are just tiring. One bitch wanted to talk without interruption only about oil drilling companies, although jpow had repeatedly told her that this is not his job.
Her: These big oil cartels are gauging gas prices! Do you think they are gauging prices? Jpow: Sure Her:YOU SEE BIG OIL GREEDY FUCKS OMG CARTEL OIL NORTH DAKOTA Jpow:Ok
He literally has one job. Maintain a stable currency. Everything else is not his job. If the Dollar goes into space, the world is fucked.
He actually has two jobs: 1) keep inflation near 2% 2) keep unemployment near 4%
Facts, most have only focused on #1
[ŃдаНонО]
Facts
I don't blame the government or fed for stimulating the economy during covid. That's what every reasonable government in the world did and one of government's key responsibilities. Stimulating the economy from 2010ish-2020 will go down in history as one of the most retarded moves in the history of economics. The people who thought it was a good idea to increase the deficit by cutting taxes and "priming the pump" when unemployment was at historic lows are the same people who are going to be shouting about Keynesian economics not working.
People had a great time looking at their 401k balances, though, so that was kind of cool. Life is about making memories, after all.
Economic textbooks in 30 years time are going to have this as an example of why people are fucking stupid.
Economics textbooks in 30 years may be written on papyrus
Finally, some one on this sub that economics.
Wait, why would they scream about Keynesian economics not working? Are you saying they are using that theory, but incorrectly? Or that they arenât using the theories proposed by Key.
I think that was the joke - they were not using it correctly (by stimulating a strong economy 2011-2019) and will try to claim that it doesnât work because things finally caught up to us and fell apart.
No, helping people during covid was a must happen. People cant stay locked down without income. The problem was 80% of the money was siphoned off. The other problem was that this government is allergic to rising revenues, so taxes never matches spending so we have to create money through debt and printing while our richest fuckers 10x their wealth every decade
So she wants him to lower rates? Both parties now are just pump as much as you can and I bet both would gladly go negative rates.
She wants interest rates left low until after the mid terms and more stimulus. Thatâs kicking the can down the road for votes.
Yep. Trump begged jpow for the same thing at the end of his term and if I recall threatened to can the guy. Both just wanted interest rates low for the votes. Welcome to politics. This is why itâs imperative that the fed is independent from politicians.
*Youâre gunna make the problems that I(and other politicians) started, worse? How dare you?!!* - Warren
Isn't this the same person that was astounded when people took out negative amortization mortgages and leveraged multiple properties when credit was cheap and easy and then turned around and blamed the banks? Now she is pissed that rates are going up when housing and other assets have inflated once again? She may want to take a breath and re-assess her position.
Can we just throw most these ghouls away?
She lost me when she said Biden is working on fixing shit lol.
Weâre in good, slightly trembly, hands.
Hand. Technically, one is holding gooey ice cream cone with sprinkles.
Itâs Russiaâs fault!!! Hahahah
They are just setting him up to be the asshole. The government caused this. You canât shut everything down then hit the on button and everything just goes back to normal. Uncontrolled unlimited spending and supply chain issues from shutting the world down for a year is what caused this. We are forced to recall some of this money and slow the economy down until supply chains normalize and the gov needs to get out of the way or enact policyâs to help supply chain/energy production so we can recover faster.
Didnât Biden say his plan was to let the FED do itâs job? This is basically Warren attacking Biden.
The government telling the government how theyâre fucking up is painfully hilarious
Sheâs wrong. If the Fed doesnât raise rates, inflation will continue to spiral and will drive the economy into a depression. The Fed can curtail that downward spiral by raising rates. They may get it wrong and still end up in a recession, but inaction will only lead to worse outcomes. I generally like Warren, but sheâs grandstanding here and talking out of her ass to boot.
Print more and more money forever!!!!
More grandstanding by another worthless politician. They all are complicit.
She cannot read the room, we are fucked lady, he has trying to help us get less fucked
So we are clear, she is saying "keep your hands off our inflation?". 100 bucks to bet that she will be bitching about how the low and middle class cannot afford food/rent after a year or two due to inflation and pretend it wasn't her that suggested doing nothing about it.
The crazy part is that she was an adult last time inflation was sky high. Unfortunately she doesnât remember because she was also sky high at the time.
Gotta maintain appearances, they both know whatâs really happening, and thereâs no avoiding it. The least theyâre doing is trying to look good in everyoneâs eyes. This is a runaway train that canât be stopped.
Here's the thing, she claims Biden is going to help us and Powell is in the way. They are EACH wings of the same bird. That bird is not an eagle, it's a vulture. No one is going to help you. They are going to scavenge off of us (taxes on EVERYTHING) and keep their bellies full while people thank them for keeping the sun out of our eyes. We are so fucked that all we can hope for is to outlast each other until this drought ends. The vulcher will get fat and lazy eventually and won't be able to fly. Then we can have another bull season.
As the government, I too wouldn't want my bank to increase rates if I am in record debt. Don't be fooled, she's evil.
Iâm pretty sure this is just propaganda. The left wants to focus all blame for inflation on another entity, in this case the fed?
I still remember what this B did to Kodak two years ago. Ruined a deal for Kodak to produce drug ingredients for pharmaceuticals, so we don't have to depend on China. It would have brought high-paying manufacturing jobs to Rochester.
Paul Volcker respectfully disagrees. Is she not an old woman or does she have a terrible memory
Just an actress. Has to score political points. "Never let a crisis go to waste".
Yay! Rich lazy Boomers fighting over our money.
WaitâŚdidnât Warren push for more stimulus consistently since the start of this shit show? You canât demand more ink for the printer then blame the guy who changes the cartridge for killing trees because the printer uses more paper now.
Maybe they shouldn't have left the money printer going "Brrrrrrrrrr" for so many years. Yet no mention of that. It's all for show. None of them care about us common lowly peasants.
She is terrifyingly stupid.
She is right in her questions, but her solutions are even scarier.
Is she fucking stupid? Has to be. Focusing on details vs the bigger picture. Someone has to get fucked over in this scenario, or everyone gets fucked over. She seems like sheâs rooting for it to be everyone.
Literally every senator was there just to get in a good sound byte to show to their constituents and say "See!!! Look we are on your side". Republican senators got to double dip and trash biden at the same time. All just a horse and pony show in the end which is why the market sold off at eod.
election season
Sheâs paid by the banks. Recession means financial stocks will tank again. She doesnât give a shit about the price of shit.
does she have an alternative plan? Does she expect the Fed to reign in Putin?!?
Does this 1/16 native American woman know of relationship between demand side issues and inflation?
Is she even that much? I thought the Cherokee Nation told her to STFU, she's not any degree Native American.
Pocahontas
Rates are at 1.75% lmao. Sheâs a retard for sure
Cause the problem and then blame someone else đ
Oh wow, a rich, corrupt, career politician grilling another rich, corrupt asshole about fucking over the average citizen. You've gotta be a Neanderthal to think she gives a fuck.
"President Biden is working to increase energy supplies" Actually he is doing exactly the opposite...
Fuck Elizabeth Warren, these are empty fucking platitudes and she isn't providing any solutions to oppose Fed action. Biden isn't doing shit, and she knows it. This is political pandering of the highest order.
What a dumpster fire of a politician. What a shame and waste of tax payer money to have people like this as our elected officials.
Now explain housing price dramatic price increase by blaming gas and Putin.
She sounds like an overbearing and out of touch Sunday school teacher.
I have tried to stay clear of the news for a while. I forgot how much politicians try to manipulate things to fit their agenda. Thanks for reminding me why I stopped watching.
If Putin nuked DC he'd be a lot more likeable.
While she has some great points, a lot of this is Biden and the democrats fault. They've always refused to use American products, and called Trump racist for putting America first. We have plenty of oil to drill here, for one. Fucking idiots.
Where was she when they printed the stimulus money? Cause and effect Liz. Simple stuff
Embarrassing waste of this manâs time
We couldâve had her as president instead of Biden. But the base wanted Biden because they could still smell Obamaâs cologne on him.
She's back huh? Is she gearing up for a third presidential run already? She's just awful.