We often talk about the disconnect between Wall Street (globalists) and Main Street (nationalists), and their influence in economic policy. Today, Jason Furman, a former Chair of the White House Council of Economic Advisors, appears on CBS News to discuss his Harvard-Kennedy School impression of the U.S. economy.
There’s a particular point in the interview [Transcript Here] that encapsulates the moonbat perspective of the globalists. Listen at 01:20 and you will hear this:
FURMAN: “Look, we’ve seen a remarkable thing. Consumers, if you survey them, are very pessimistic and negative about the economy. When they vote with their wallets, we saw- we got the consumer spending data for April and it was way up. Consumer spending on just about everything has been booming. Over the next 6 to 12 months, I’m not super worried about a recession. After that is where I start to get worried because that’s where the Fed’s policy will start having more of an effect.”
Put another way: Our policies have made prices skyrocket (inflation). Consumers are forced to spend more money to sustain themselves (food, housing, fuel, energy); ergo consumer spending is booming. Brilliant, our plan to increase consumer spending by raising their prices is working. That’s the way these people think. WATCH:
We force you to pay more, then turn around and claim economic victory because you are paying more…. “consumer spending is booming.”
By the way, he’s at the World Economic Forum where this perspective is actually cheered inside the echo-chamber.
Comrades, American consumers are overjoyed with gasoline because they are spending so much more money on it.
Gasoline sales are booming, so everyone must be happy.
Brilliant!
Not only are they out of touch, but they are plain out stupid.
They’re dangerous.
Agreed. See my prior comment.
I want this economist to explain “the wealth effect” for good laughs. After we had 9 consecutive down weeks on the stock market…. the housing market about to get hammered with higher interest rates….
Yeah they’re out of touch but they ain’t out of stupid
How stupid does one have to be to realize that “spending is way up” Because prices are Way up, and there are foods that people still need. Wait till we all reach the point where we have no more money to buy the “WAY UP PRICES” then what ya gonna figure is the reason they ain’t making money any more?
Sorry, they are not stupid: they know exactly what they are doing.
They want the economy destroyed in order to usher in a massive, planned, robotized economy benefiting the elites and few others.
At the moment…their plan is working, so, no, only if they were honestly incompetent would they be stupid.
They are dishonestly competent in forcing a disaster which they will “solve” with oppression and general impoverishment under the guises of FAIRNESS and SAVING THE PLANET.
I agree with you 100%. It’s all by design.
Who ever said any of them were actually honest?
Stupid, no. Willful, yes.
They have stupid ideas but those ideas have a purpose.
They are mendacious, not stupid. The outcomes are what they sought. Their comments are intended to deceive or confuse Jane & Joe Mainstreet so they can continue to subjugate Jane & Joe.
I hope these people get eaten first.
Just for the record, Jason Furman, is likely a Fabian Socialist. He earned his masters in economics at the London School of Economics … that bastion founded to spread Fabian Socialism. He then got his Phd in economics at Harvard, another Fabian Socialism center of *learning*.
Furthermore, both mother and son are leftists. His mother, Gail Furman, heads the Furman Foundation which supports mostly leftist nonprofits, like The Tides Center and Media Matters. Both of them were educated at The Dalton School in New York City. This is important because The Dalton School teaches a “progressive” … meaning a Fabian … education.
In fact, The Dalton School is described as an innovative synthesis of the ideas of Fabian Socialist educator John Dewey. Fabian Socialist Eleanor Roosevelt helped the founder of the Dalton School, Helen Parkhurst, expand and promote the school. It’s where elite leftists send their kids to be indoctrinated. And they’ve now brought the Dalton style of *education* to many other countries. They apparently even had a branch school in the old Soviet Union (https://www.nytimes.com/1932/09/04/archives/discipline-vs-freedom-soviets-test-of-dalton-plan-and-its-founders.html ). The school is at the forefront of destroying America from the inside. In fact school recently got national attention for teaching critical race theory, black liberation and the challenges to white supremacy. You get the idea.
Now then, with that as a background, Jason Furman was almost destined to end up a senior economic adviser to Senator Barack Obama’s 2008 presidential campaign. He then became Deputy Director of the National Economic Council during which time he was one of the architects of the failed Stimulus Act and the failed Obamacare Act. After those *successes*, he was appointed by Obama to be Chairman of the Council of Economic Advisors. Obama called him “one of the most brilliant economic minds of his generation.” LOL!
By the way, his wife, Eve Gerber, wrote this about Joe Biden back in April of 2019: https://www.theatlantic.com/ideas/archive/2019/04/joe-bidens-affectionate-warmth-what-makes-him-great/586435/ .
Oh brother.
The London School of Economics, you say?
You need say no more. A veritable hotbed of socialists. Should have been fumigated long ago.
Oh…and as far as that woman is concerned, what kind of mother stands and watches her children being molested? My skin is crawling and my stomach is turning.
I agree; that mom–PUKE! 🙁
People who have sold their soul to the devil for money and power, that’s who. Disgusting filth.
There are no shortage of those. But then there is this…
I honestly believe that the parents who stand by and watch this..and there are many as witnessed by myriad videos of Biden grabbing children and babies whilst standing right next to their parents.dont want to cause a fuss in front of cameras.
Some are not paying attention, but more either shove their poor children right into the pervert so he can fondle them or are seemingly frozen to the spot, unwilling to intefere.
In other words, those parents don’t want to embarrass themselves. And Biden takes advantage of this. He knows this. Cameras rolling or in a crowded room, he knows none of them will, for fear of upsetting an occasion, or do what they should…which is loudly call him out.
Shout “Get your filthy pervy hands off my child!!!!” So it gets everyone’s attention. Then theatrically grab the child and march out of the room.
What is he going to do if that is done? What is anyone going to do to stop it? Nothing. I’m waiting for that one parent who will put his or her child before any embarrassment such an outburst would cause. It needs to be done. I’m waiting for the day.
Not 1% more like 0.00001%
There is a video posted on social media of DC event where Jeff Session had his grandchildren and obviously steered them away from leering Biden. The look on Sessions face was unforgettable. Jeff sessions was my Senator. I have wondered how they turned him?
Betsy Jones
Jeff sessions was at an event with his Chinese granddaughter in a receiving line when Biden tried to put his hands on her. Jeff slapped his hand away and ushered her away from Biden.
And what the hell is there to admire about Biden’s”deviant decency”?
Deviant is right. I don’t know if you have seen the video when Jeff Sessions gently slapped Biden’s hands away from his granddaughter, just as he was getting ready to put his dirty hands on her.
Sessions knew. Heck EVERYBODY knows. Nobody stops him, has ever stopped him.
And that makes each and every one an accomplice to child molestation.
We have all been watch Biden’s “deviant behavior” toward children for a long time, and it is not decent.
LOL! 😉
^^^^^^ This is real reporting. + 100%
” How I learned to LOVE the New World Order ” – Joe Biden – WS Journal , 1992
Globalist Agenda.org/quotes
The Clintonians are Fabian Socialists, everything in it’s own good time. No hurry, slow but sure. Tho things are speeding up now.
“Tho things are speeding up now.”
Yes. The Fabians got cocky when Obama won. They began to think that they no longer needed to be stealthy. I think Obama believed, just like Stuart Chase had predicted in his book, in a chapter titled “We Can’t Go Back”, that if enough pieces of society were transformed into Political System X, then conservatives would not be able to turn the ship around from the course Fabians had set. They now hope we can’t go back … that we can only go “Forward” towards their Communist utopia … just like Obama’s famous 2012 campaign slogan announced. And I fear the only way we’ll stop this now is with guns.
Can we just agree all ecomists are the first to go?
economists*
EcoMist… available in Spring Fresh and Autumn Breeze. ☺️
Economists are just geeks that don’t have the personality to be accountants.
LOL!
So stealing that!!!
Economists have jobs that are second to none! Well, maybe to weathermen …
Right after the morons in the “Biden administration.”
No…2nd…lawyers first.
Economists, lawyers, gubmint employees, and politicians.
All at once. They all gotta go. Anything to keep their mouths shut.
Nope, gotta include all the politicians also.
After the lawyers
Why should we be shocked when a democrat fondles children? Beats aborting them. I wouldn’t be surprised if that’s their baseline attitude. “Hey kid, I didn’t have to birth you so deal with that man groping you.”
Dems/ Leftists, are communalists. They allow any behavior that they can justify as advancing their cause, or stature, in what they see as their peer group.
Their slave-master heritage is showing.
Eve Gerber is quite obviously another one of those women who have a big target on her forehead (i.e., is easily fooled) for male rapists, con artists, and all around smooth liars.
“I, for one, admire Biden’s deviant decency.”
Huh–that’s weird.
Usually, when you serially and purposely pretend Joe Biden is not a pedophile, they give a pass to the White House Correspondents Dinner.
Yup! And I believe it was Jeffrey Dahmer who was honored with the 1st White House Correspondents Dinner’s annual award for “Best in Overall Deviant Decency”.
The Dalton School gets even more interesting …
https://lawandcrime.com/high-profile/the-epstein-barr-problem-of-new-york-citys-dalton-school/
“Before he became an enigmatic billionaire with a notorious predilection for underage girls, a 21 year old Jeffrey Epstein taught math and physics at the prestigious Dalton School on New York City’s Upper East Side and developed a reputation for partying with students and focusing a lot of his attention on female pupils.”
At the time Epstein was a 20 year old college drop-out, barely out of high school. And curiously enough, just about the time he was hired, the school’s headmaster was Donald Barr, the father of Attorney General William Barr. It’s rumored (though not confirmed) that Donald Barr was involved in his hire.
In 1976, a parent of a Dalton student recommended Epstein to Alan Greenberg, chairman of Bear Stearns. Epstein left the school and went to work for them. Later he became one of their largest hedge fund investors. So what a coincidence that years after that, when Epstein was in danger of being brought up on federal child sex trafficking charges, he cut a deal with the Obama’s feds to be a *key* witness against Bear Stearns regarding its 2008 collapse. That deal allowed Epstein to all but escape serious punishment for his 2006 child trafficking arrest. And it shut down the threat the scandal posed to Bill Clinton and others. But guess where Epstein’s $50 million dollar mansion, that figured in the case against him, was located in Manhattan? A mile south of the Dalton School. Connect the dots.
Now, regarding Donald Barr, before working at The Dalton School, he was an officer of the OSS, the US intelligence agency during World War II that evolved into the CIA. What a coincidence. It’s been suggested that Donald Barr was a recruiter for the CIA and deep state … which might explain how his son ended up working for it. And maybe Epstein was working for the CIA as well … gathering blackmail material. One thing is clear … when William Barr said he was “appalled” to learn Epstein was dead and would get to the bottom of how he died, it’s no surprise he covered up what happened.
Remember, the democRATS on the Senate Judiciary Committee passed George W. Bush’s nomination for AG, William Barr, out of committee unanimously. Why would they do that? Didn’t they hate Republicans and the CIA? And when there were some rumblings against Barr by other democRAT members of Congress, Mitch McConnell, Lindsey Graham, and Kevin McCarthy issued a joint statement defending AG William Barr as a “man of the highest character and unquestionable integrity.” And we now know what all three men are, don’t we? UNIPARTY. So … connect the dots, folks.
And would you like to know the name of another Dalton School alumni? Biden Secretary of State Antony Blinken. His father was a close confident and lawyer for Ghislane Maxwell’s father, Robert Maxwell. Small world, isn’t it?
What an outstanding post!
Where do these people even come from? Yeah, we can certainly blame education. I’m way over educated and most of it wasn’t worth a dime. But, I can still think things through to a logical conclusion in spite of the over priced degrees. How does he think senior citizens are making ends meet??
“Higher Ed” is in the toilet, along with “Healthcare” etc.
Higher Ed has been in the toilet for a long long time. It was not much good back in the 60’s. That is when I first started hearing all these weird classes that helped people graduate in weird things that I’d never heard of, and my kids were still in junior high.
They should come out of the closet and call it what it is. Indoctrination-Ed.
As President Reagan would say “ where’s the pony”
Democrat economic policy will have senior citizens eating cat food to survive……..
Remember that one ? Now they OWN it.
Oh my goodness; I hope not! :'(
If the democrats have their way, we’ll be lucky to eat the cat!
This is what academia does to people. My daughter dropped out of high school and went into the navy. I wouldn’t call her a staunch conservative but conservative none the less. She then used the GI bill to get her Bachelors degree. Now she is working on her Masters. All good right? Except the filled her head and heart with anarchy, CRT and well, communism. We got into a political discussion over what I thought was a cute and funny meme. She launched on me and I congratulated her on earning her hammer and sickle patch and after using very unladylike language she has cut me off completely. The left will NEVER be known their love and compassion.
Oh my goodness; I hope she patches things up with you SOON; prayers . . . !
Will they ever again see the funny side of things? Ever seen one really smile? The answer to both is a big NO. That is a shame. One should even be able to laugh at themselves and the things that they do and say, but that is a big NO>>NO>>
Exactly! No wonder comedians need to double their security these days. What a miserable way to live!
When we lose the wherewithal to laugh at ourselves, we are in trouble!
Short answer NO
I’ve seen this reaction from leftists time and again. Any questioning of their belief system elicits a visceral reaction that mostly has been fueled by corporate media, and whatever institution of higher indoctrination they attended. Their belief system cannot be questioned, for to admit to themselves that any of it could possibly be incorrect, is a threat to its very survival. The religion of leftism is all or nothing, there is no middle ground. Black or White, for or against, that is it.
Here is something that I found will help crack that egg so to speak, or maybe just break it. In any event you ask this question of a leftist, and you can see the wheels spinning till their head almost explodes.
Ask them if they think Trump supporters are a Cult. (They all think it is.)
then say. But cults don’t allow any questioning of their ideology. Then you can go on to list a couple things that you may not necessarily agree on with Trump, or Republicans(they still equate the two FYI).
Then ask, do you question anything about Dems/Leftist policies? If you do, would you ever be willing to post on social media your disagreement?
Of course they wouldn’t / couldn’t. That’s the intended purpose of cancel culture and political correctness.
Now which group seems more like a cult to you?
Very good! I like that approach. I will try that.
Same happened to my Granddaughter. Went to College and came out a flaming liberal. She is miserable, unhappy and seeing a therapist. Has the look most Libs have. Miserable.
Educated fool.
I’m with ya…in the mid-term. Consumption is generally a lag indicator – interest rate increases and credit tightening take a while to work through the economy.
I was out yesterday (Florida) visiting a very large shopping/restaurant mall in the Jacksonville area. The parking lots were jammed more than I have seen in two years. There’s still a lot of post-Covid pent up consumption unfolding IMO. Eventually, escalating gas prices are gonna choke it off. But ebullient Americans are out doing what they enjoy.
The issue, at this point, isn’t whether we’re entering a recession (that’s coming – it’s built into the inflation solution). IMO it’s whether the “fixes” are substantive enough to arrest inflation. And if they are, what’s the downside risk of pervasive commercial bank failures and corporate bankruptcies as the enormous leveraging that has been sustained by near zero interest rates kills the payoff of old debt with new debt.
If you graduated from Harvard, your opinion should immediately be dismissed.
Let’s crash businesses then claim success when jobs come back
Job “creation”, libtard style
What do you expect from a Harvard economist? This is their level of intelligence.
Actually, their “intelligence” says they hate what they have, what we have and what we have become. My question is “why the foreign border jumpers, not the legal foreign born, think we are so great…..why are the coming to this terrible place?
To take it.
The problem we have is that there are a lot of people like Furman who make a lot of money but do not produce any wealth or value to exchange with the average person.
Parasites. Fat, engorged parasites.
Until their hosts literally feel and see the life draining out of us and our families, they will continue.
Duh.
Pardon my hardscrabble language but
Oh my effin g, did he actually say that?
Why isn’t he dead?etc Klaus and the rest? SMH..the west was not won with a registered gun.. Still have that magnet40 yrs On my fridge..no not the same fridge.😎
Somebody needs to buy Jason a one-way ticket to China – I’m sure Xi will be happy to put him to work.
Dough boy said the China tariffs he wants lifted are from Bush. Then nasty gal says they are from Trump…. Hmmm 🤔
In the old days the party in power would be voted out for their dumb policies that made the economy worse for most Americans. But in today’s new world with mail in voting, ballot harvesting, and outright manufacture of bogus votes that can be dumped in days after election day and then counted anyway … the party in power is not going to allow themselves to be voted out.
When’s the last time that you heard that an economic forecast met expectations. Beuhler? Beuhler? That’s right. These “economist” clowns should be cast as a side show in a carnival.
There is 10 weeks of wheat left on hand. Make sure you are prepared.
It is really important to understand what is being said here. I honestly believe 50 million people in the third world will be dead by this time next year.
“”It’s a once-in-a-generation occurrence that can dramatically reshape the geopolitical era,” Menker said. “We cannot solve food insecurity on a national scale anywhere. While the next few years will likely be difficult, we can coordinate a global response.”
https://www.fox10phoenix.com/news/world-wheat-supply-food-shortage-un-security-council-sara-menker
I went shopping for a few items at Walmart Friday morning. It is a big..super Walmart.
It was depressing. I needed produce for salad I was making.
Practically empty. No cucumbers, only organic tomatoes and bell peppers….
I am talking…big …empty areas in produce!!
Avocados were 1.50 and they were 1 day short of being mush. Lots of them…but I guess here at border were they are usually 50-75 cents…no one is buying.
Heard snippets of “Biden ” from people mumbling.
Went back early 7am Saturday morning. Green peppers were there. Sad. They still had dirt on them..Major blemishes and soft spots,etc. Looked like end of season clean up.
Managed to find a few good ones…and got few extra to freeze.
The whole atmosphere when I stepped in the store both times…was depressing and gloomy.
I had shopped earlier at safeway..same thing. Probably even more depressing.
I am thinking that a dose of “reality ” is waking a lot of people up.
They are probably thinking— this is just temporary. Supply chain and all.
That line is only going to work for so long….
Me, I am keeping my head down and my mouth shut.
I mentioned to family and friends last year.
You can lead a horse to water..but you can’t force it to drink.
What I hate about the lazy and ill prepared, is they always seem to have the energy to riot and steal the hard work of others. Its going to be bad, I don’t even think people who post here realize just how bad its going to be.
Where are you seeing this. In Arkansas and Kansas, Walmarts are full. Prices are up (some are way up), but the shelves are full, including produce, and the produce is decent to good quality.
Utopia demands higher economic growth for Davos!
It’s all good for you! You will love eating bugs and renting/subscribing to basic necessities! We will tell you when your sick and Uber Doctor Gates will tell you what to inject in your body! We will control your travel with electric cars so you don’t have to decide!
All you have to do is bend the knee! We built this construct trust us it’s good for everyone because we said so!
Climate change! Well if it’s real we created it with huge cargo ships and globalism! Globalism is Utopia it’s all the tyrannies you can imagine with lies spread on top. Truth hurts and we just want you buy all the lies! Buts really your fault because you drove a car and turned on your heat!
We didn’t release a pestilence while outsourcing diseases to an incompetent country! We didn’t starve everyone and create a famine because we really love food! We didn’t provoke Hitler x100 into a war! There’s one I’m missing…
There’s a special place for these people and they don’t serve snowcones there…
What an ignorant, elitist jackhammer! You think he’s pulling down a high six-figure income? How can he be that out of touch and still draw breath?
I just filled my tank for the week ahead. Under trump a tank cost $27. Today it took $70. Same car. F.J.B.
another idiot “inflation equals growth” economist…
Do you consider yourself a Christian ?If you do then listen up. Get hip.
The vast majority of people in the Christian “Church” do not have a fundamental understanding of what the Bible says about what’s going on now-a-days (skip all the denomination mumbo jumbo) much less what it doesn’t say or the basic ability to follow a naritive. The difference between AsaJesus and ExaJesus for instance, or the fact that God claims in his word that he has magnified his Word above all his name, meaning that you have to hear his word to know him and hear his word to see what is happening and the more you know him the more you see the truth and hence the more he hears you because his word is Truth. The incredible accuracy and prophecy of the Old testament and the New, the unparalleled literary storytelling on multiple levels at the same time. The historical and archaeological provenance, all reflecting each other on the redemption of God to fallen man.
The world doesn’t know Jesus because they choose to believe the lie rather than the truth. Pride of life, rebelliousness etc. The world; run by Satan the Adversary the Temptor the Persecutor the Liar the Murderer will do anything to get people to believe that the Word of God has no power, otherwise simple minded people will be lifted up by the wise and the weak will be encouraged by the strong and the wicked won’t increase in number.
The world is in the power of the wicked one and he plays the long game.
In case you haven’t noticed there’s an apostasy happening (When is the last time you heard church leaders speaking out on a national stage? Do they even know what’s going on, do they even know what to say?) a famine for the word of God. Insane notions, perversions and lawlessness, crazy violent events coming like contractions, waiting for the latest nonsense or tragedy or disappointment. These are parallels to events recorded in the Old testament concerning the coming Messiah and prophesied concerning the second coming of Jesus. Wondering who are these POS people, how did we get to this point? Well it’s all in Scripture. The question is, can you read the room as they say, are you paying attention? The Zamboni is fired up and it’s behind the net.
Thee point: God is a God of history he is to be trusted and will intervene on behalf of his children he knows as well as you do that these clowns are demonically influenced losers without hope. We on the other hand have a blessed hope a confident expectation an assurance. Which comes through believing by hearing, reading and working the Word. Incredibly fascinating otherworldly powerful, blessed and truly supernatural.
You want to see them taken down and shown for who and what they are, do you want to be left alone and not strangled by these fools? Then as the Bible says repent the best you can, get some reality and wisdom from the Word and Pray what is available. People come on let’s get together.
Thank you Lord Jesus I pray those who read this would come to a knowledge of the Truth because you are Truth. And
I can tell you how cool that is.
Makes you wonder how we ever beat the Indians.
https://www.zerohedge.com/markets/americans-have-lost-20-trillion-start-2022
“Some ideas are so stupid that only intellectuals believe them.” – Orwell
Don’t think for a second that they don’t know exactly what there’re doing. This is all by design.
Musy be where AOC gets her economic talking points
i am spending a lot more.
i get a lot less than i did before.
This is not a positive development.
The cost of consumables relative to overall income is negligible for this group and thus a non-factor in their view of what constitutes an economic burden.
What an idiot!