In an interview on NBC News Monday’s “The 11th Hour,” she claimed that the world’s economy is terrible and is hurting America. She claims that America’s corporations are struggling to make money because the whole world is in a state of despair.
She firmly believes that the world’s economy largely depends on the strength of America’s dollar. Meanwhile, President Joe Biden has caused massive amounts of inflation and even disrupted supply chains to the point that the world is suffering to keep up.
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October 27, 2022
Stephanie Ruhle is the MSNBC host and NBC News Senior Business Analyst. Breitbart reported her as asking Yellen, “[W]hen I think about 2021, so many companies were doing so well. And all of a sudden, just six months later this year, so many [of those same] companies are struggling. What happened so dramatically?”
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The question demanded a solid answer. The problem appears clear to the rest of the world, and the cause is even more recognizable. But the Democrats, such as Yellen, refuse to see that they are the issue.
October 27, 2022
Breitbart reported that Yellen responded by saying, “Well, there’s been a shift in the global economy. Many of these companies are selling their products [not only] in the United States but globally. And the US is probably the strongest part of the global economy. We’ve slowed down, but we’re doing well. But many parts of the world are not.”
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Yellen thinks that America is still doing great because, as she points out, “when you have a 3.5% unemployment rate and have had over 300,000 jobs a month for the last three or four months or longer, that is not what most people think of as a recession.” But the issue is not about a recession. It is all about a suffering world because of the policies of one man sitting in the White House.
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