These days just about everyone is suffering from inflation, and yet the Secretary of the Treasury, Janet Yellen, in answers to questioning from Sen. John Kennedy on 5/30/24 insisted that Bidenomics is working.
How out of touch is Janet Yellen?
Recall that years back she was the same person who tried to convince everyone that inflation was going to be temporary.
(From The Hill, 5/27/21, quoting Janet Yellen: “My judgment right now is that the recent inflation that we have seen will be temporary. It’s not something that’s endemic,” Yellen said at a hearing held by a House Appropriations subcommittee.”)
After reading what Janet Yellen said three years ago and again now in response to Sen. John Kennedy (R,LA), I concluded that at least she has been consistent … consistently “out of touch.”
Last night was my monthly poker game. It is a very low stakes game with an eclectic group. One of the unwritten rules is that politics are not discussed as the group is composed of both far-left and far-right participants. The game was to begin only few hours after the Trump verdict was announced, and I vowed to myself that I would not say anything about that trial, etc. Almost immediately after walking in the far-left player announced that it was a monumental day in U.S. history, and he had brought a bottle of Prosecco to toast the occasion. FYI: I refused to participate in any toast, and I kept my vow of silence when that same individual proclaimed that the guilty verdict would certainly sway voters never to vote for a “convicted felon!” My initial response to myself was, “how out of touch is he?”
It wasn’t until this morning that I realized that he was monumentally way out of touch. After the verdict a few interesting things happened.
From The Daily Caller:
“Following the verdict, the former president’s campaign donation page displayed a 500 error stating “something went wrong.” After the news of the verdict and the site crashing, the Trump campaign announced that it had raised $34.8 million. This was in large part due to “ small donors.
Not only was the amount historic, but 29.7% of yesterday’s donors were brand new donors to the WinRed platform,” Chris LaCivita and Susie Wiles, Trump campaign senior advisors, said in a statement.”
In addition to contributions from small donors, there were some big chunks of change donated to the Trump campaign.
“Following the former president’s guilty verdict, the campaign site received major influxes in donations. Among those was Sequoia Capital partner Shaun Maguire, who said on Twitter that he donated $300,000. Former Republican New York gubernatorial candidate Lee Zeldin said that he “secured a $800k donation from someone for President Trump’s Joint Fundraising Committee.”
What about polling?
From C&C:
First of all, in the Verdict’s wake last night, the betting markets — the people silently staking real money, not Times-approved witless gasbag ramblings — have increased the odds of Trump’s re-election (currently standing at 54% likely):
Wow a ten point jump in just two weeks!
Perhaps those who declared 5/30/24 to be a monumental day in U.S history are not so out of touch after all.
Looking forward … Would it be uncouth for me to bring a bottle of Prosecco to our November game to toast a Trump victory? … Just askin!
5/31/24