Good news, Janet Yellen is promising to spending a boatload more of your tax dollars to rebuild Ukraine, all while our economy is in the doldrums, lots of Americans are homeless, infrastructure is having issues, savings are down, credit card debt is up. Oh, and Ukraine isn’t even reasonably close to winning the war, probably won’t, and we’re dumping more and more money into Ukraine
Days after a surprise trip by President Joe Biden, his top economic official also visited Kyiv and reiterated the administration’s support for Ukraine.
Treasury Secretary Janet Yellen, who met with Ukrainian President Volodymyr Zelenskyy and Prime Minister Denys Shmyhal, announced the first transfer of $1.2 billion as part of a nearly $10 billion package in civilian aid for the embattled country.
“Just as security assistance bolsters the front lines, I believe that this economic assistance is fortifying the home front, thereby strengthening Ukraine’s resistance,” she said.
Besides echoing Biden’s words that the U.S. will stand with Ukraine as long as necessary, Yellen praised Zelenskyy’s efforts to ensure transparency in how aid for his country is spent.
Really? Does anyone really know where the $100+ billion is going? I can’t find any reports showing what they are doing with U.S. funding
Yellen also visited a renovated school that sustained significant damage from a Russian missile that landed nearby in March and told students and teachers, “America stands with you in this fight for freedom, and we will be by your side and help you rebuild.”
We keep being told that a huge number of U.S. bridges need repair, and around 8& are structurally deficient. The infrastructure bill doesn’t really fix this. All this money could be used for our needs, not to a country with massive amounts of corruption, for which Zelesky is accused of being a part of.
The Russians have done over a trillion dollars of damage in Ukraine. Rebuilding schools there is futile until the fighting stops. But then Americans have always been suckers for the photo ops.
Mr Teach:
Of course, this same economy under a Republican administration would be lauded.
The amount invested in Ukraine is a tiny amount of spending.
The savings rate has been dropping unsteadily since the early 80s. It bounced up following the 2008 Great Recession and shot up again during the Pandemic (thanks to gov’t handouts) but reached a near record low last year, likely a result of pent-up demand/spending. Now the savings rate has increased some 40% since.
At 3.4%, the unemployment rate is at near record lows (We know, we know… the unemployment rate during a Dem admin is always fake). Wages are up but so in inflation. Infrastructure spending has been too low for a generation. The sudden Republican ‘concern’ for the homeless, is at once suspect and laudable. Credit card debt HAS increased a bit. It was 5.74% at the end of 2019 and is 5.76% now.
There’s a lot of instability in the global economy and changes are underway. The most signficant long term issue in the US is the unhealthy chasm in income/wealth between the wealthy and working class. Our economic system is not now paying workers (those that do all the work!) sustainably. It can’t last.
In general, the US needs to manufacture more and import less, pay workers more and the wealthy less.
Yeah Rimjob $115 billion means nothing to a guy who has already pissed away over $200 million of his investors money over 3 years.
But then again, like Brandon, you’re a dumbfuck.
#Galera
#LetsGoBrandon
Bwaha! Lolgfy