President Barack Obama’s former Treasury Secretary Larry Summers says that Biden’s economic crisis could cost him his next election. Summers, a Democrat, said that the country’s inflation could lead to Donald Trump’s next presidential term.
The Washington Examiner reports:
“After years of advocating more expansionary fiscal and monetary policy, I altered my view this past winter, and I believe the Biden administration and the Federal Reserve need to further adjust their thinking on inflation today,” he said.
“Excessive inflation and a sense that it was not being controlled helped elect Richard Nixon and Ronald Reagan, and risks bringing Donald Trump back to power,” he cautioned Democrats.
Summers used a speech by Fed Chairman Jerome Powell from August to illustrate his point. He rebutted five points that Powell made to argue that inflation is merely transitory and will settle back down.
Summers has been sounding the alarm on inflation for months, even early in the year, when fewer economists were cautioning about the threat that it posed. He has knocked Treasury Secretary Janet Yellen for her views on inflation and has not shied away from criticizing the Fed over its slow-walking on a return to normal monetary policies.
Since Biden entered the White House the country’s inflation rate has jumped 6.2%.
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Yes, a real man, a real PRESIDENT, WILL BE BACK IN THE WHITE HOUSE, A PRESIDENT WHO PUTS THE AMERICAN PEOPLE FIRST, A TRUSTWORTHY AND CARING PRESIDENT THAT WILL PUT AMERICA BACK ON TRACK, THE ONLY PRESIDENT WHO FOLLOWED THROUGH WITH HIS CAMPAIGN PROMISES, AND THAT MAN IS PRESIDENT TRUMP!!! LET’S GO BRANDON!!!
Truer words were never spoken!
Oh they were when Trump said the Dems stole the last so called Election. Just like they are trying to do again right now in some local state elections.
I wonder how long he’ll remain alive.
Plz no such feelings as of that Ms Annie all will be fine… trust in God
Well you know what they told your predecessor. Annie get your G_n.
Well that is some good news, although we don’t know what will be left after the 2nd term of Jimmy Carter is over!
The far left controls the Democrat Party and bound and determined to destroy capitalism and our country that has given everyone the chance at the American dream! They want power over everyone and everything you do!
Donald Trump will be President again because he was a great President who actually worked to improve American citizens’ lives.
Also, there are two major points that come into play;
1) The next presidential election will be monitored closely and will eliminate/reduce the Democrat Political Party cheating that was perpetrated in the 2020 election.
2) Enough of the intellectually challenged people (Democrats) have seen / experienced enough of the Biden disaster to actually either change their vote to Republican, or they will realize how stupid they were voting for Biden and will choose to sit the election out.
All in all and the truth in 16 it was rigged for the she devil to win that’s why she took such a fit the whole time she’s alive. But it was intercepted… than Obiteme won cuz it was rigged the whole world knows it… next time it’s going to be who plays the smartest. I think the military will intercept again.
Good picture of the Puppet and his Puppetier.
The truth about the democrat party is that are very few actual democrats in it as it is mostly progressives/socialist/communist. They all want control over each of us and our earned possessions.
Donald J. Trump was the best President in my lifetime. He actually worked for the common man (American). That is something that most other presidents never really did.
The one thing that the Republican MUST DO is put as much security as possible at voting stations. The Democrats are going to cheat (again) and conservative must do everything possible to expose and eliminate the Democrat Political Party CORRUPTION.
In mine to and i’me 70, so have seen a lot. Now I dis like Ronald Ray gun Regan.
Trump will be back before that, the 2020 election and all the fraud will bury him, and will kick dementia,joe to the curb, for false impersonation of a president. All we have seen from hidenbiden is a clown and circus of nincompoops, pretending to run our country.See ya.The red tsunami about to hit hard, and make the radical,liberal,socialist,marxist,dumbocrap commie party irrelevant for years to come,thanks to piglosi and hidenbiden.
I’m as conservative as they come….
My only request is that Republicans become more environmentally conscientious with regard to setting aside and protecting undeveloped areas from the bulldozers and cement trucks.
There’s more than enough already developed wasteland in America’s ghetto cities that can be “redeveloped.”
The U.S. cannot become one huge Mexico City from coast to coast inhabited by Third World illegal refugees whose greatest accomplishment was transforming America into another overpopulated 3rd World crap hole.
MY HOPE IS THAT AMERICA WILL WAKE UP……..MAYBE AFTER THE US IS READY FOR BANKRUPTCY…..THEY MAY THINK THIS WAS “NOT” THE GREAT IDEA THEY THOUGHT…….ALL IN THE HATRED OF ONE MAN….AND TO GET RID OF HIM??????? THE COST IS EXTREMELY BEYOND ANYTHING ANYONE CAN IMAGINE??????? THE US IS NOT GOING TO RECOVER FROM THIS FOR DECADES!!!!!!!!!! MOST OF US WILL NOT EVEN BE HERE TO SEE IT????????? AGAIN IT PROVES THAT THE DEMS/FRAUDS ARE NOT QUALIFIED TO RUN OUR COUNTRY??????? ACTUALLY IF TRUMP OR ANYONE ELSE WON THE NEXT ELECTION?????? SIX MONTHS AFTER THE ELECTION AMERICANS WOULD EXPECT MIRACLES…….THEN SAY WHOEVER WAS PRESIDENT WAS NOT DOING A GOOD JOB?????? WHO WOULD WANT THAT??????????