Senior Biden Adviser Tries Claims Sec. Yellen Didn’t Apologize or Acknowledge They Were Wrong

“If you look at her comment and if you look at what her statement was after that, what she was saying was that virtually no one in the economic profession worldwide anticipated three events, which was Delta and then Omicron and the degree that those had affects on lockdowns and other things that somewhat stunted or slowed down the supply correction, and certainly nobody in may was expecting that we were going to have this unthinkable aggression by Russia in Ukraine. Just to remind people what the numbers were at that time, on January 17, when Putin moved troops to the borders of Belarus, gas prices are averaging $3.17 in the United States. They are now about $1.50 higher. That’s $1.50 tax on American workers because of this unthinkable aggression by Russia. I think what the secretary was saying was that nobody really foresaw these unforeseen events. I want to say, one of the reasons the American rescue plan was both strong but also allowed for the support to go – to be over two to three years was to make sure that when we hit bumps in the road, we had a cushion, an insurance to get by. People should recognize that I had a lot of reporters call me when delta and omicron hit and say, is the recovery going to be derailed? I think people are not fully recognizing that the American rescue plan has provided that longer support and cushion that’s kept this recovery going, even as we have had three unanticipated economic obstacles that, again, were not foreseeable in may or June of 2021.”

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