Janet Yellen: President Biden’s ‘Day One’ disaster
President Joe Biden had a busy schedule for his first day at work. Before his decorators put the finishing touches on kicking Churchill out of the Oval Office, President Biden planned to sign 15 executive orders that intended to kick-start his agenda for the economy, the pandemic, and more.
The ‘American Rescue Plan’ is one expensive wish list. Biden’s proposed stimulus plan alone would cost taxpayers nearly $2 trillion, whose implementation will be heavily influenced by the Treasury Secretary.
Here’s where the bad news becomes worse news—Joe Biden’s nominee for Treasury Secretary is Janet Yellen. If it feels like history is somewhat repeating itself, that’s because it is.