US Treasury Secretary Janet Yellen walks back transitory inflation claims: 'I regret saying it'

There are conditions where an expert has control of the process. When you are estimating the effects of what people will do, both politicians and public- the chances of being right are very poor, unless you stick to the position that things will go wrong.

It would be nice if we could get people to agree to a few basic principles that would get society back on track and productive. Even if you had exceptional leadership setting great role models, you would still have many people tellling them they were wrong and made a mistake. They don't believe (or can't admit) they make mistakes, so if the result of your decision doesn't match their expectations, you are wrong. You failed them. Their failure- is due to your failure... And bingo; they therefore aren't responsible for anything that happens to them. Human weakness.

I can accept leaders making mistakes. I have a hard time with them denying or lying their way around that, time after time. So I don't expect perfection, but I respect honesty and performance in anything.
The economy has to do with all of us. Attitudes, work ethics, financial savvy and prudence- and too much tolerance of incompetence, both in ourselves and in leadership.

 

Example 3 out of 10,000…..my last example;

Trump publicly stated that Covid will disappear by April…..”once the weather warms up”

Note; The Delta variant pandemic started mid June 2021, and the most affected states were our VERY WARM southern states.

 

In addition……If I were the President, and I wanted to invade Iraq, I would instruct my staff to “give me something/a reason” to invade, such as a satellite photo.

AND THEN, if I were to be confronted by the press for misleading the public, I would tell them that I’ve made a decision BASED on intelligence that were presented to me, thus, like Pontius Pilate, WASH MY HANDS.

 

Question; Reference to my Example # 3 out of 10,000, was Trump dead wrong based on an expert opinion/prediction, or his own?

 

Jeezus. So that went Hitler pretty darn fast. And completely illogically.
If you are going to use nazi analogies, at least make one that makes sense. Compare Yellen to Chamberlain (made a prediction that turned out to be wrong. You could argue that his actions lead to the disaster that he claimed would not happen).
You're welcome.

 

And- you are not talking about any individual, but politics as generally practiced. Nobody likes it, but we all seem to be willing to tolerate it.

 

You mean it wasn't transitory? I'm glad she took that back, otherwise Americans would have never known.

 

One need not be told about your Democrat party's strategy. They do it all of the time. Clearly you approve of it

 

If it was an honest mistake, hopefully she learned to take some consideration of advice given by people she dislikes or disagrees with in the future. The idea inflation was transitory at that time was seen as absurd by most laymen and many experts.

 

YES!!!! I APPROVE OF PEOPLE ACKNOWLEDGING WHEN THEY HAVE BEEN WRONG WHEN QUESTIONED ABOUT IT DIRECTLY!!!!
Really not sure how you see this as a nefarious, devious plot.
Is it because you have supported the party that derides the "reality based community" or is because you support a man who describes his MO as "truthful hyperbole"? I don't know. But for crying out loud, acknowledging when you were wrong when questioned about it should not be seen as some criminal undertaking. Would be kind of nice if it happened more often.

 

and thank you for debating the use of the word.

In other words, you are doing exactly what your Democrat party wants done. Well done

 

I think I am losing IQ points the longer I stay in this thread.
This has to be the stupidest argument I have ever seen on PF, and boy there have been some dumb ones.
1) You are the one who brought this up. NO ONE has been arguing for a pernicious focus on the acceptance of the word transitory.
2) Yellen was asked point blank if she regretted using the word transitory. Her options were thus: 1) argue that it was not transitory. 2) refuse to answer the question 3) acknowledge that she was wrong in using the term transitory. Please enlighten me: what could she have possibly responded that would not have you see some devilish plot by the left to sell out America?
3) for my part, I would love it if Trump said he regretted:
-claiming that covid would disappear in the spring
-claim that 3-5 MILLION illegal immigrants voted in California in 2016
-claiming that the stock market would collapse if Biden were elected
etc...

Anyways, have spent already too much time on this 'argument'. This is, and your argument is, just DUMB