Treasury Secretary Janet Yellen inadvertently let the cat out of the bag, by saying that the real “core” agenda was to promote green energy pork. Fighting inflation was a political smoke screen.
We’re scratching our heads trying to understand how pouring out another $300 billion or so in climate change spending was ever going to bring down inflation. She regards this great green energy hoax as a policy triumph.
Someone should tell her that oil is now back up above $80 a barrel – which in many states is the equivalent to $4 for a gallon of gas at the pump. With every passing day, Janet Yellen – who had high hopes to be the one sane adult in the Biden Cabinet – proves to be a deeper disappointment.