The distance between Wall Street and Main Street has never been as brutally obvious as it is today. It is simply stunning to watch the cheerleading and casual nature of the economic and financial pundits as they speak esoterically about how policies intended to reduce the U.S. economy are so wonderful.
Seriously, the disconnect in life impact has never been as stark. At least in previous times of economic contraction there was a smidgen of appreciation for the pain that unemployment and rising costs bring to the blue collar and middle-income working class. In this new era, the financial stress and visible outcomes of destroyed families are simply shrugged aside as if these are abstract consequences.
In this segment former Federal Reserve vice-chair Randal Quarles, notes with a casual flippance how the economic policies of the Biden administration are simply doing what needs to be done in order to intentionally reduce the U.S. economy. Sure, massive unemployment, in direct correlation to the scale of the inflation that precedes it, is almost certain, but hey…. the economy must be collapsed if the Build Back Better, Green New Deal, agenda is to be fully implemented. WATCH:
Maybe this flippancy seems starker because those who consider themselves outside the collateral damage impact zone were not visible in prior generations. Perhaps it is because modern technology and the information era allows us to see conversations that were previously only described in print newspapers and journals. Whatever it is, the shameless disconnect between the unaffected rulers and the proles who have to live with the consequences are far more visible today than before.
Smiling while describing a future where working men are emasculated by their inability to support their families. Smiling and shrugging while explaining a landscape where moms are worried about how to feed their children, as the checkbook in the household creates a type of stress these ‘betters’ have likely never experienced, is almost psychotic in its detachment.
Desperation is not a good situation for any society.
Worse yet, laughing in the face of desperation leads to the type of outcomes that eventually hits the ‘betters.’
Someone could have told us Sheppard Smith’s sorry a$$ was going to pop up after that video………….: > }
Tax credits for electric cars, and no plans to increase electrical grid generation and transmission capacity in order to recharge all of these new electric cars.
Electric vehicles are a good idea. What is not a good idea is powering them with cell phone batteries. The environmental damage that is done creating them, and solar panels, and windmills is horrendous. And NONE of that stuff is recyclable. Go Green is a big lie.
The fed raised interest rates 3/4 of a point and the stock market went up to nearly 33K Friday. Everything is backwards from what it should be.
An article about a week or two ago outlined how 5 million barrels of oil were shipped to China, Italy and other countries from our strategic reserve. Now they are admitting to shipping out 20 million more barrels of oil and continuing to do so. They are draining us of resources as we speak and once they have depleted things enough they will plunge the country into a war we are not equipped to fight. (see Nancy P going to visit Tiawan).
Yes! Biden is selling away our security to other nations (many of which are enemy nations) so as to buy their loyalty in pursuit of their malicious WEF goals!
Pitchforks and stakes!
‘Worse yet, laughing in the face of desperation leads to the type of outcomes that eventually hits the ‘betters.’
The sooner the better…
This stinking obozobot proclaims that the only way to reduce inflation is to crush the working class. He refuses to admit that reopening all of America’s oil and natural gas production capabilities would do a much more effective job of reducing inflation while returning the economy to growth mode.
Soylent Green Brandon?