hey guys welcome to the liberal hive
mind the channel solely focused on
exposing the abundant hypocrisy of the
lev ah these poor democrats these poor
poor democrats now of course i don't
actually feel bad for them but i have to
admit it does really suck when you put a
whole lot of work into something you
build something up and then the whole
thing crumbles down with one light
little flick it's like a house of cards
or a sand castle that you build super
high up and then just a little flick or
a little kick at the bottom causes the
whole structure to start tumbling down
these democrats the democrat
establishment of the brandon regime put
so much effort money and time into
building up these false narratives and
propaganda campaigns and i mean so much
effort so much time and so many millions
of dollars and then in less than one
hour as fed chair jerome powell sits in
front of the senate during a hearing the
entire propaganda structure of the
democrat party crumbles as it turns out
that pretty much everything the brandon
regime has been telling you is a whole
load of you-know-what of course not
surprising in the least we've been
saying this for months but it's a
beautiful thing to hear it from the fed
chairman himself debunking all of the
economic lies coming out of this
presidency so that's the topic of this
video friends let's contrast what the
biden administration is saying with of
course reality the two never seem to
line up now do they man do i have some
stuff to show you guys so let's roll the
tape alright folks so let's talk about
inflation let's talk about the rise in
energy prices when did it all start well
it started the moment joe biden took
office i showed you guys this chart just
yesterday and it was a reaction to two
specific things primarily biden's
american rescue act which is nothing but
two trillion dollars of government
handout printing press go bur and the
rise in energy cost was a direct result
of joe biden's policy day one he comes
into office and cancels the keystone xl
pipeline as well as immediately stopping
new drilling permits inflation and
energy costs basically peaked before the
invasion of ukraine so we know that the
rampant increase in energy costs and
inflation started when joe biden took
office and basically peaked before
vladimir putin even decided to invade
ukraine yet joe biden and the democrats
have repeatedly tried to call it putin's
price hike and blame everything on
vladimir putin well today during a
senate hearing with fed chair jerome
powell even he now admits that well joe
biden is just a big fat liar to turn to
another point chairman pal i realize
there are a number of factors that play
a role in the historic inflation that
we're experiencing
supply chain disruptions regulations
that constrain supply
we've got rising inflation expectations
and excessive fiscal spending but the
problem hasn't sprung out of nowhere and
in january of 2021 inflation was at 1.4
percent
by december
of 2021 it had risen to seven percent a
five-fold increase
now since the war in ukraine began in
late february the rate of inflation has
risen incrementally another 1.6 percent
to a current level of 8.6 percent so
again from 7 to 8.6 percent given how
inflation has escalated over the past 18
months would you say that the word in
ukraine is the primary driver of
inflation in america
no inflation was high before certainly
before the uh war in ukraine broke out
i'm glad to hear you say that the biden
administration seems to be intent on
deflecting blame and as recently as just
this past sunday spread the
misinformation that putin's invasion of
ukraine is the quote biggest single
driver of inflation i'm glad you agree
with me that that is not the truth now
that right there folks is a rough blow
to the democrat messaging campaign
that's not just anyone that is the
federal reserve chair jerome powell
that's the money guy the monetary policy
guy whether you like or dislike him
whether you support the fed or want to
see the end of the fed it doesn't matter
that's the guy and he just shut down joe
biden's misleading blame deflecting
campaign over done and that wasn't the
only one we keep hearing from the biden
administration these days from janet
yellen that a recession isn't inevitable
which is one thing but then you hear
korean john pierre saying that well
actually economic indicators are real
bullish and we're not headed into a
recession we're headed into a slow
period of growth and right now we don't
see a recession right now that is not
we're not in a recession right now uh
right now we're in a transition where we
will we are uh going to go into a place
of stable and steady growth and that's
going to be uh that's that's going to be
our focus
and joe biden got real annoyed the other
day when asked about a very basic benign
question in relation to recession fears
and recession predictions
even more likely than ever not the
majority of them aren't saying that come
on don't make things up okay
now you're sounding like a republican
politician joe biden claims that no real
economists or no serious economists are
predicting a recession of course not the
same garbage talking point that he used
at the start of the inflation crisis no
serious economist is predicting long
widespread inflation or he said
something of the sort there's nobody
suggesting there's nonsense inflation on
the way it's highly unlikely that it's
going to be long-term inflation that's
going to get out of hand i don't know
anybody who's worried about inflation
well the brandon regime is saying no way
no how no recession folks nothing to be
scared of here no serious economist is
warning about a possible recession and
then once again the money guy jerome
powell says the exact opposite we
estimate that the longer run neutral
level of the federal funds rate to be in
around two and a half percent and
actually we think it will be appropriate
uh
to to raise rates above a neutral level
into a a moderately modestly
restrictive level because this is very
high inflation and it's hurting
everybody and and we need to do our job
and and get inflation back on on a path
down to two percent and the way we're
going to do that we think is is raise
rates of course to that level of course
if everything depends on the data that
we see we're going to be we're
we're you know really strongly committed
to getting inflation down to two percent
but we're going to be flexible as we see
the data coming in do you agree with the
perspective and then i'll be done but do
you agree with the perspective that if
interest rates
go too high too fast it could drive us
into a recession
it's certainly a possibility it's not
our intended uh outcome at all but it's
certainly a possibility and and frankly
the events of the last few months
around the world have
have
have made it more difficult for us to
achieve what we want which is two
percent inflation and still a strong
labor market it is certainly a
possibility that fed rate hikes which
are happening they are coming they
already started at a 75 basis point hike
just a couple weeks ago or a week ago he
says it's certainly possible to cause a
recession folks we might already be in a
recession we just don't have the quarter
two numbers yet and so everything that
this administration is doing when it
comes to messaging campaigns it's
nothing but smoke and mirrors and magic
tricks and of course we know that magic
tricks are all predicated on one
specific thing the one tactic that
enables all of these tricks distraction
it's all a gimmick folks and the most
recent gimmick that we're seeing in real
time that's already being debunked is
joe biden's new gas tax relief a
temporary halt on gas tax to reduce
prices for consumers again not energy
policy because we lack an energy policy
the same sort of garbage policy like
when we saw joe biden release millions
of barrels of oil from the strategic oil
reserve it doesn't actually do anything
it's all a political distraction of
course so much so that even cnn is
immediately calling out the biden regime
president obama called this a gimmick
when he was asked about it during the
campaign in 2008 this this gas tax you
know freeze can you give us a reality
check what's actually going to happen
here for the american consumer
well erica president obama called it a
gimmick because as almost any economist
democrat or republican can tell you
it is a gimmick it doesn't solve the
underlying problem which is driving up
gas prices to the extent it succeeds in
lowering them a bit it's likely to
encourage people to drive more which
will create an offsetting uh boost in
demand and and push the price
up and and obviate that benefit where
even obama in 2008 basically says the
same thing but for us to suggest that
30 cents a day
for three months
is real relief
that that's a real energy policy
means that we are not tackling the
problem that has to be tackled
we are offering gimmicks
when we're offering the same thing that
john mccain's offering on the cheap
that means we're not
presenting a truthful response to the
challenges that we face in america it
doesn't do anything to solve the actual
underlying issue in fact it might even
make things worse we have reports of
once again money guy jerome powell
saying that fed rate hikes won't bring
down gas or food prices and he's totally
correct now it sounds a little bit
counter-intuitive but stick with me for
a second the whole strategy when it
comes to fed rate hikes to tackle
rampant out-of-control inflation is to
crush consumer demand and mostly that's
not targeting gas prices and food prices
but pretty much everything else in the
economy the only way to tackle inflation
is to suppress demand but what joe biden
is proposing here would do the exact
opposite it would make gas appear
cheaper because there's not that added
tax on top of it but the actual cost for
a barrel of oil would remain the same
and then once demand starts to skyrocket
because prices are being reduced and the
tax is lifted well it's only temporary
the actual cost of a barrel of oil will
continue to rise as demand rises and
supply can't keep up and then when the
tax is added back on well you get the
picture now don't you it's actually
crazy because what i'm telling you guys
here is just fundamental macroeconomics
i mean it's like basic stuff i'm not an
economics major like alexandria
ocasio-cortez excuse me but you don't
need to be to understand this stuff yet
the most powerful people and the people
setting the policy the president of the
united states and the party that he
leads the question i ask myself is how
are these people so utterly incompetent
how don't they get it well the answer is
simple they do get it they have very
intelligent people much smarter and more
educated than me the only thing is they
don't actually care and they'd rather
play politics with your lives your
savings and your tax dollars instead of
actually do the right thing it's either
they're grossly incompetent just
flat-out stupid or evil or probably a
mix of both honestly it's the perfect
campaign tag for this administration
with biden and kamala harris on the
ticket the biden harris ticket biden
harris stupid and evil that's all i got
for you guys in this video thanks for
watching and i'll see you on the next
one