From the HuffPo
Janet Yellen to African-Americans: You’re on your own
Sounds mean-hearted and almost evil.
Actual story:
Federal Reserve Chair Janet Yellen told members of the House of Representatives in a hearing on Wednesday that the Fed’s concerns about inflation limit its ability to address high African-American unemployment.
“So, there really isn’t anything directly the Federal Reserve can do to affect the structure of unemployment across groups,†Yellen said during the House Financial Services Committee’s semiannual hearing on Federal Reserve policy. “And unfortunately, it’s long been the case that African-American unemployment rates tend to be higher than those on average in the nation as a whole.â€
To paraphrase: There is nothing in my job description or responsibilities that can solve that problem. Sorry.
HMMM, I wonder how getting a good education & acting civilized would work? But wait, that’s not a handout, so it won’t work. All the educated black folks I know HAVE jobs – see how that works?
Merle
Cue the “black lives matter” faux outrage. Ms. Yellen is not part of the herd of obamalamas, obviously. Her days are numbered.