Name:   Talullahhound - Subject:   Janet Yellen is an Idiot Date:   6/1/2022 11:15:25 AM

Watching her this morning on CNBC, she was asked what the WH can do about high gas prices.  She promptly indicated that it was all the oil companies fault - that they had leases they they haven't used, that they are sitting on high profits and that the oil is priced globally, not locally.  

Oh and she admits she miscalcuated on the path of inflation.  

I don' t know how old she is, but she reminds me of Biden - she should have been retired years ago.  Any fool knew that inflation was not going to be "transitory".  We need to bring back Mnuchen, who at least seemed to be smart and had common sense.  

The oil companies have said that a lot of the leases need to be developed - so no short term fix there.  And yes, oil prices are set globally based on the availability and demand - however, if the US upped it's production there would be more oil in the market to meet demand and the prices would be forced down.  We've gone all these years at decent oil prices, but suddenly under Biden, it's a crisis.  

And Biden does a pboto op with the Fed Chair and says he'll leave curbing inflation to  them - as if it is not his problem.