Yellin' About Yellen

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By Bill Maher

Few seem to have noticed that Trump fired the most powerful woman in the world, Janet Yellen. Her four years as Chair of the Federal Reserve were perhaps the most successful of any in history. The unemployment rate dropped from 6.7% to 4.1% on her watch, primarily because of her policies. Alan Greenspan spent 18 years in that position, Ben Bernanke got eight, but the woman who does the best gets only four. It's not fair. 

Probably good for her, though, because no Fed Chair could save the economy from Trump. One of the reasons the stock market is nervous is because even the greedy are starting to realize that giving the people who already have all the money more money is not a viable economic theory. Especially when it's money we don't have. 

The government is set to borrow nearly $1 trillion this year. Why? Low tax receipts, obviously. Exactly what you get when you elect someone who proudly describes himself "the king of debt" president of the United States. 

People say "both parties" are to blame. That's lazy. Obamacare actually reduced the deficit, as did raising the taxes on the rich in 2013. If Reagan, Bush, and Trump were anywhere near as fiscally responsible as Clinton and Obama, we wouldn't have this problem.