Biden Economic’s Advisor Visibly Struggles to Answer Easy Question
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- Опубліковано 6 тра 2024
- Dave Rubin of “The Rubin Report” shares a DM clip of a clip from the documentary “Finding the Money” featuring Biden’s economic advisor Jared Bernstein being unable to explain the basics of government debt.Watch Dave Rubin's FULL DIRECT MESSAGE: • Elon Musk Names the Bi...
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Why should we be surprised at anything this administration does?
This idiot is a prime example why God, in his infinite wisdom, made the heart an involuntary muscle.
This guy has ZERO experience or educational background that would make him qualify for the position he's in. He needs to be fired immediately and have had any decisions he has made... canceled.
Biden and his supporters are some of the most stupid and insane people I have met, the amount of arrogance and denial they have just breaks me mentally 😂
Strongly agree! Look at the cackling Harris, the bartender Cortez... They are really post-turtles! Cannot believe this mighty nation is ruled by those stupid people!
@@chucklesthered2338
2002 Lexus LS430 replace wiper inserts
He's not an Economist! He has a degree in social work! WTF
WTF indeed...
Bachelor of Music
Masters of Social Work
Doctor of Social Work
And on the day Joe was inaugurated, this man was appointed to the Council of Economic Advisors and a bit over two years later made Chairman.
Maybe if he studied any economics he might have a clue….
Kamala Harris School of Economics.
More like socialist work
@@mancavedecorations8158 Willie Brown. Thigh. Lipstick.
Better question: why TAX us if you're just going to print the money anyway?
Under "modern monetary policy," taxation, interest, etc are all methods of sponging money back out of the system to control inflation. The problem is that those things have significant impact on the economy, so using them aggressively creates depression. There's no way to take money out of the economy at anything like the rate they're putting it in without crashing the whole system.
@@LetholdusKaspyrAlso, you've gotta keep the sheeple thinking that the currency is actually worth something tangible, and properly backed by reserves and other ironclad systems... despite it being so fragile and, basically, imaginary.
It used to just be money would be created when banks give out loans and mortgages, now, the Governments of all modern monetary theory countries still make new money for lending to banks so they can create mortgages, but also print a tonne for itself, to buy its own bonds, so it can just spend as much as it likes on all the regular stuff, plus the woke stuff, the BS stuff, and backhanded deals, etc.
Yet, can't fix the potholes in any nation...
@@AndrooUK Also true. If private companies ran the infrastructure, and did as bad a job as the government, they would be in prison. The government spends trillions of dollars doing everything in the world except what it's supposed to do, and they're stretching every currency in the world to the breaking point to do it all.
It is a sign of your submission
The more they print the more they have to tax to control inflation, hence bidens new tax plan that's the highest increases in American history. That tells you how bad inflation really is.
Why would he be fired? He's doing the job exactly as intended.
Your statement is scarily accurate.
As was Mayorkas in his role.
@oilylizard86, Actually, this guy is Biden's secret speech coach.
and the billionaries agree at the moment of manipulate the government, should be so easy to do it
We found the answer to the age old question- "name something dumber than AOC"
AOC was chosen from two thousand applicants. She there because that who they want there. There was no actual choice. She was a Barista. That why she cannot pivot. Who ever in the background choosing easily manipulated idiots.
She's not dumb at all. She's figured out how to be both a rebel AND a democrat insider in the same time. She's positioning herself to be the next long term insider. She's slowly morphing into a Nancy Pelosi type swamp creature. If she can stay elected she'll eventualy be Pelosi.
Definitely a contender. At least this guy admitted at one point that he didn't understand.
Yes,he is dumber then than
Yes, He is dumber than aoc
How embarrassing,beyond
Embarrassing…Are you
Kidding me?
Unfortunately, I'm certain he's not at all embarrassed.
And we wonder why the nations economy is in the toilet.
He is just like every other "official" in this administration!
I swear that's the truth. It's a joke. That was ridiculous.
He's the male version of the energy secretary. Totally clueless and inept.
Mayorkas is his dumb little brother.
Yellen cue card writer
@@timothydempsey3763
I'm thinking, Granholm too.
Male version of the Transportation Secretary!😂
No Different than Mayorkas or any of the other Mindless Clowns in Beijing Joe Biden's Cabinet!
It's a good Bet that it's a Internal Contest!
Even Garland and his D.O.J. Cronies are in on it!
Like a deer in headlights. This is freakin SCARY.
"Economic advisor" He has a degree in social work... holy hell
Don't forget he also studied music....
Hell ain't Holy... & neither is he and his whole SATANIC political party!!!
I half expected this guy to add the phrase "Yeah, that's the ticket!"
Good pull. LOL!
He doesn't need to know, he's a puppet.
The economic guy: no idea how money works
Supreme Court Justice: can’t define woman
FAA pick: no aviation safety experience
Circuit judge nominees: can’t answer questions about our Constitution
That should be a political ad for Trump, it sells itself!!!!
Obviously, this is all on purpose. I'm just curious to see what the end game is... and who profits.
Always follow the money, and assume it ends with small hats.
Don’t forget the idiot VP, our border czar which doesn’t even visit the border she does interviews on liberal TV.
Trump had a pretty bad track record with staffing and hiring decisions, too. Not as bad as Biden, of course, but not something to crow about or invite comparison.
@@spk1121 You make a valid point, but I will say in his defense, finding any capable person who is not bought and paid for in Washington D.C. is virtually impossible. He could only trust family as the SWAMP did not want any downsizing.
Do any of them know there is a day of judgement?
And here I thought Pete Buttajudge lacked the experience to even control hitch-hicking as transportation secretary; This guy is incapable of managing the budget for a kid's summer camp.
I understand him perfectly, he likes chocolate chip ice cream, has an uncle that was eaten by cannibals and he wants Trump in jail for violating an unconstitutional gag order.............
this is the dumbest time in human history
So painful to watch
And he doesn’t check any DEI boxes. That’s really strange.
Maybe he lets Biden sniff his grandchildren 🤔
Oh, they can't have the incompetent scapegoat being a DEI hire.
But, they do have the black, lesbian Press Secretary. Hmm...
No, he checks one but I'm not allowed to say it on Xnaytube. In fact it's the box
at the very top of the list.
Then he knows something or someone ows him.
Neurodivergent maybe.
“This business will get out of hand, it will get out of hand and we’ll be lucky to survive it “
Yes, "The Hunt for Red October" is a good movie.
Thanks for the reminder from a better time.
😂😂😂, but seriously 😱
He works for the federal government when you screw up you don’t get fired. You get promoted.😂
This is like watching Joe himself try to find his way to the other end of a sentence.
This is Bidenomics in a nutshell
I’m certain it’s sabotage by design - no accident.
Get an idiot to be your frontman/scapegoat.
Works for the Press Secretary. 😅
I agree. But who's doing it?
@@Canadian_Eh_I - I’d say it is those we’re not allowed to ever criticise.
Well, look at Obidens health secretary. 😂
It’s a circus and the clowns are everywhere,
Evil clowns.
He must have gone to school with kamala
So where are you from, please,?
@@jeffbergs9220what about Budajudge is he still around. Probably got strangled by that milk contraption we was feeding his adopted Baby with. If he is still in there he has to definitely go.
Lose his job? Not a chance "Good enough for government work" saying leaps to mind.
Yeah, but the problem with that is government work pays better than private work. How's
that sustainable? It's not
When I watched it I thought it was a parody
LOL He does kind of resemble Leslie Nielsen...
Same here! That's how stupid he sounds.
PRECISELY!
Plausible incompetence is used to mask purposeful malevolence.
I'm just sad I had to scroll past 20 foolish comments to find this thruth. Thank you for having open eyes.
a beautiful truth.
yes mam, thats exactly it, he took one for the team thats what this is.
This should scare people. Think of all the other "expert" advisors, for military, healthcare, education and immigration. Feels like these last 4 years have removed 100 years of progress. All this will make the great depression feel like a hiccup. Impeach the lot of them.
If you print your own money, then why tax me?
If the govt only kept spending ("printing") money into the economy, but never taxed any back out-what would happen?
You can figure it out. :)
Because they can't stand any money being around unstolen by them.
THIS IS THE WORSE ADMINISTRATION IN THE HISTORY OF THE WORLD. FJB
💯💯💯
BAR NONE!
WTF!??? This is beyond scary.
Geeze.
I am not an American, and I am scared.
Well, unfortunately your country is likely affected by our bad policy in some way.
@@christophersmith2470 That's exactly why he's scared.
The Entirety of Western Civilization is Undeniably Affected By This Democrat Insanity!
This is utterly terrifying!
Just imagine him, Kamala, AOC in a room discussing business......FJB
I have stopped wondering about anything at all in this totally crazy world.
This is like the movie Idiocracy with President Camacho's cabinet🤣
👉🎯👈
the non-federal FEDERAL RESERVE!
with NO RESERVES and isn't a BANK, lol. Youre not a Bank when you're allowed by the Govt to print dollars out of thin air.
In 3 and a half years he didn't sit down and take a class on money
Or read some 'economics for idiots' website.
Or have some prepared cards to read from... anything. 😅
The Federal Reserve Prints the money, NOT the government. And the Federal Reserve is as Federal as "Federal Express". This guys is flat out wrong.
All I can say is - WOW! This is one of the folks helping to run this country. WE ARE IN TROUBLE!
Perfect match with his boss.
I paused about 3 times and yelled “WHAT?” At my screen. Can’t be serious
Wow.... absolutely wow...
I'm not a doctor but I'm applying for chief of surgery at Mount Sinai 😂 hope I don't get it
Appears he got the job via networking and knowing the right people. Seems like he doesnt know shit about his own job and just wants the paycheck.
Of course, but I'll bet the admin is NOT happy he did that interview.
Give that man a thirty percent raise and tenure as an economist.
The emperor isn't naked, as long as we don't admit it.
OMG, ships of fools!
And in Canada, our Prime Minister has a teachers diploma and experience in grade school drama!
I CAN'T WATCH THIS. IT IS SO PAINFUL
We actually don't print our own money. We borrow our money from the Federal Reserve....which is a private bank that is not a government agency. We haven't printed our own money since we removed it from the gold standard. Our cash used to be backed up by Federal gold reserves, but is now borrowed from a private conglomerate that uses "trust" to back the validity of its value. Printing more money makes it worth less than face value and causes inflation. The less money in circulation makes it worth more. Digital currency actually makes things worse because banks can adjust monetary values based on their needs.
Yeah, that's so 1990's model. We moved past all that right after W. Bush & Obummer took office. There's no order
in D.C at all anymore and they've grown sloppy. The "trust" or promissory ideal of currency backing is a thing of
the past now, and the only reason the dollar isn't the penny is because it's used as a weapon with slightly over half
of them being used in international trades. For now. BRICS nations are growing and more and more local currencies
are replacing the role of the dollar in trades, and when we get below 50%, we're FUUUUUUUUUUGGGGGGGGED!
Don't even get me started on commodities. For the honest or non-delusional there's no light at the end of the tunnel.
Did he attend the same eco classes that AOC did?
He obviously know exactly what it was about. This is why he struggleling to answer
What's worse? Malicious or Stupid? I honestly don't know.
Biden's economic advisor:
What are your qualifications? I studied music.
How's the economy doing? Great!
How does money work? I have no idea!
I cannot even joke about this -- this is so frickin disgusting. Dave, thanks for the hard work and keep exposing these frauds.
"Bidenomics works and that's obvious. But it can be hard to explain even for experts like the administration's chief economic advisor. But Whoopi Goldberg understands it! You got a problem with that?"
Stunning incompetence.
I remember a comedy show in which there was a ventriloquist whose talking puppet had a talking puppet of the ventriloquist
Keep it up bro. You are exposing the lies
"Is that what they do?" Wow!
Oh dear. Congress and the President determine how much money is to be spent and authorize the US Treasury to print bonds, which they sell to whomever wants to but them. The bonds usually offer an interest rate lower than the rate of inflation, and can actually make money over time. Bonds are a savings instrument, so they don't add to inflation immediately like printing cash. Second, it is the Federal Reserve, not the Treasury, that prints dollars. The Federal Reserve can only print dollars to buy US Treasury bonds. When inflation is high, the Fed raises interest rates and sells bonds to take money out of circulation, and in a recession, the Fed buys bonds and lowers interest rates to infuse cash into the economy. He is right when he says we won't go bankrupt because we can print money, but printing bonds and spending the money raised will eventually cause high inflation. He also mentioned MMT, Modern Monetary Theory, which AOC ascribes to. It says, "governments should print money to achieve full employment and fund purchases." That causes inflation, which we are seeing now. It misses the point that the value of our money reflects the goods and services the American people produce through work.
Your last sentence just negated everything else you articulated, and I'll add one more thing that WILL be our
demise. There will be less incentive for countries to purchase our treasury bonds as other currencies emerge
to be used in international trades for global commodities (which we're woefully short on) and even LESS incentive
to buy bonds at interest rates that favor the U.S.
When, not if, that happens the dollar will become the quarter.
Astounding. A man this clueless should be President.
Wonder if he can pronounce nuclear
"Wait a minute! I know what's going on. Everybody's become *Stupid!"*
-Phillip J Fry
this is what "we'r fu*ked" looks like
We're governed by fools, where did he go to school 🤔
Counterfeiters say the same thing. "We cannot go bankrupt because we print our own money." Yet they get sent to prison.
Just begs the question...if they hired him and he's totally unfit for the job....who else did they hire?
He is not an economist. Everyone needs to remember this.
Are you kidding me????!!! I have never seen this before. Jesus Christ who is running this asylum.
I learned this in economics class
The best and the brightest have obviously been eliminated from any semblance of control.
What the fuck have we done to ourselves? We need a reset top to bottom in this country.
WE. ARE. DOOMED.
These are the people who're in charge of administering the economy?!
All the way from Australia this is truly frighting!
Painful.
My self esteem has risen !!! Halellujiah. What was that!!!
It's so stupid you wander if it's a Gary Busey type deep fake ! 🤔😂🤣
Omg....oh-my-god...this is the Chair of the Council of Economic Advisors...? This has to be a joke. Waiting for "Live from New York...it's Saturday Night Live!" but not a peep....oh we are so doomed if Biden stays in...That guy can't even balance his checkbook..."ah..how can we be out of money....I still have checks...?
I saw this clip this week and was truly.... Uh wait, did I see this clip this week? Ok yeah, I definitely did see this clip and was truly flabbergasted. Wait, was I flabbergasted? Ok, yep, I was flabbergasted. So yeah, I definitely saw this and was definitely flabbergasted. It's all confusing.
What an embarrassment! Is that what they do🤣🤣
The GOP need to haul this guy in front of a committee and show this video. Meanwhile America's competition is laughing and rubbing their hands together.
The perfect quote from Billy Madison applied to Jared Bernstein: "what you've just said is one of the most insanely idiotic things I have ever heard. At no point in your rambling, incoherent response were you even close to anything that could be considered a rational thought. Everyone in this room is now dumber for having listened to it. I award you no points, and may God have mercy on your soul."
This is staggeringly ridiculous!!!! I’m truly ashamed!
Whatever happened to a leader surrounding himself with people who are smarter than him or her? Another fine example of the fact that you don’t have to be qualified or have any actual expertise. Just go to the right Ivy League or east coast school, make your connections and you will always have a job in the federal bureaucracy…
Wow! I am speechless like that Top economic advisor!
Oh my gosh 😮
Thank you.
This is absolutely unacceptable
This guy isn't qualified to give financial advice to a kid running a lemonade stand
We borrow own money because we are giant Zimbabwe, we taught them how to do it.
It would have been much better if he had said "I have no idea. That's an amazing question! What the krud!?!? I think I'm having a transformational moment!!!!"
Sounded just like Tommy Flanagan (aka Jon Lovitz) on SNL... waiting for Mr. Bernstein to say, "Yeah, that's the ticket!"
You'll do, you could you, you want, you want him to do you so much
You could do anything
Perfect fit for Biden’s administration. Stumbling, mumbling and bumbling along. Just like his leader.
Thanks!
Perfect 😅. We're fucked people. We did it to ourselves
I suppose you could say that it isn’t so much the government that goes bankrupt as it is all the rest of us. In monetizing the debt, they are essentially dumping it onto the citizens.
😳OMG! OMG! 😳
This is awful!
We are doomed
When I saw this - I thought it was Babylon Bee a spoof - a skit .. now you tell me it is a real person..
Unbelievable but Believable