Biden Economic’s Advisor Visibly Struggles to Answer Easy Question
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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Пікірлер: 799
Why should we be surprised at anything this administration does?
@millcity9711
12 күн бұрын
This idiot is a prime example why God, in his infinite wisdom, made the heart an involuntary muscle.
@chucklesthered2338
12 күн бұрын
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.
@justaneditygangstar
12 күн бұрын
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 😂
@md46usa
9 күн бұрын
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!
@kennethgandola5964
4 күн бұрын
@@chucklesthered2338 2002 Lexus LS430 replace wiper inserts
He's not an Economist! He has a degree in social work! WTF
@rs232killer
12 күн бұрын
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.
@darbyheavey406
12 күн бұрын
Maybe if he studied any economics he might have a clue….
@mancavedecorations8158
12 күн бұрын
Kamala Harris School of Economics.
@christophersmith2470
12 күн бұрын
More like socialist work
@dks13827
12 күн бұрын
@@mancavedecorations8158 Willie Brown. Thigh. Lipstick.
Better question: why TAX us if you're just going to print the money anyway?
@LetholdusKaspyr
12 күн бұрын
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.
@AndrooUK
12 күн бұрын
@@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...
@LetholdusKaspyr
12 күн бұрын
@@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.
@vikingsword3485
12 күн бұрын
It is a sign of your submission
@JamesSmullins
12 күн бұрын
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.
We found the answer to the age old question- "name something dumber than AOC"
@wellofworlds
12 күн бұрын
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.
@jasondashney
12 күн бұрын
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.
@jessodum3103
11 күн бұрын
Definitely a contender. At least this guy admitted at one point that he didn't understand.
How embarrassing,beyond Embarrassing…Are you Kidding me?
@timsmith2525
12 күн бұрын
Unfortunately, I'm certain he's not at all embarrassed.
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!!!!
@AndrooUK
12 күн бұрын
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.
@J0HN3
11 күн бұрын
Don’t forget the idiot VP, our border czar which doesn’t even visit the border she does interviews on liberal TV.
@spk1121
11 күн бұрын
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.
@mikewurlitzer5217
10 күн бұрын
@@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.
@chrismachin2166
8 күн бұрын
Do any of them know there is a day of judgement?
He's the male version of the energy secretary. Totally clueless and inept.
@terraflow__bryanburdo4547
12 күн бұрын
Mayorkas is his dumb little brother.
@timothydempsey3763
11 күн бұрын
Yellen cue card writer
@scottmatthews172
11 күн бұрын
@@timothydempsey3763 I'm thinking, Granholm too.
@Plisken65
11 күн бұрын
Male version of the Transportation Secretary!😂
Why would he be fired? He's doing the job exactly as intended.
@colincanty6698
12 күн бұрын
Your statement is scarily accurate.
@christophersmith2470
12 күн бұрын
As was Mayorkas in his role.
@Jakehava
11 күн бұрын
@oilylizard86, Actually, this guy is Biden's secret speech coach.
@thejuan327
10 күн бұрын
and the billionaries agree at the moment of manipulate the government, should be so easy to do it
"Economic advisor" He has a degree in social work... holy hell
@jenniferzennifer6949
12 күн бұрын
Don't forget he also studied music....
He is just like every other "official" in this administration!
@NancyK-cu6xj
12 күн бұрын
I swear that's the truth. It's a joke. That was ridiculous.
And we wonder why the nations economy is in the toilet.
He doesn't need to know, he's a puppet.
Like a deer in headlights. This is freakin SCARY.
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.............
I half expected this guy to add the phrase "Yeah, that's the ticket!"
@JettBlackheart83
12 күн бұрын
Good pull. LOL!
this is the dumbest time in human history
So painful to watch
And he doesn’t check any DEI boxes. That’s really strange.
@glasshalffull2930
12 күн бұрын
Maybe he lets Biden sniff his grandchildren 🤔
@AndrooUK
12 күн бұрын
Oh, they can't have the incompetent scapegoat being a DEI hire. But, they do have the black, lesbian Press Secretary. Hmm...
@christophersmith2470
12 күн бұрын
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.
@SPeeSimon
12 күн бұрын
Then he knows something or someone ows him.
@Noah-hd2je
10 күн бұрын
Neurodivergent maybe.
This is Bidenomics in a nutshell
“This business will get out of hand, it will get out of hand and we’ll be lucky to survive it “
@DenmarkRadar
12 күн бұрын
Yes, "The Hunt for Red October" is a good movie. Thanks for the reminder from a better time.
@NancyK-cu6xj
12 күн бұрын
😂😂😂, but seriously 😱
This is like watching Joe himself try to find his way to the other end of a sentence.
He works for the federal government when you screw up you don’t get fired. You get promoted.😂
He must have gone to school with kamala
@jeffbergs9220
12 күн бұрын
So where are you from, please,?
@MrJtysonmm90
8 күн бұрын
@@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.
When I watched it I thought it was a parody
@juststeve7665
12 күн бұрын
LOL He does kind of resemble Leslie Nielsen...
I’m certain it’s sabotage by design - no accident.
@AndrooUK
12 күн бұрын
Get an idiot to be your frontman/scapegoat. Works for the Press Secretary. 😅
@Canadian_Eh_I
11 күн бұрын
I agree. But who's doing it?
@whitehorse1959
11 күн бұрын
@@Canadian_Eh_I - I’d say it is those we’re not allowed to ever criticise.
@jimbeam2705
11 күн бұрын
Well, look at Obidens health secretary. 😂
Plausible incompetence is used to mask purposeful malevolence.
@matthewthompson555
12 күн бұрын
I'm just sad I had to scroll past 20 foolish comments to find this thruth. Thank you for having open eyes.
@chillijoe8264
12 күн бұрын
a beautiful truth.
@MultiLex101
11 күн бұрын
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?
@randyallred2382
3 күн бұрын
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. :)
Lose his job? Not a chance "Good enough for government work" saying leaps to mind.
@christophersmith2470
12 күн бұрын
Yeah, but the problem with that is government work pays better than private work. How's that sustainable? It's not
It’s a circus and the clowns are everywhere,
Geeze. I am not an American, and I am scared.
@christophersmith2470
12 күн бұрын
Well, unfortunately your country is likely affected by our bad policy in some way.
I have stopped wondering about anything at all in this totally crazy world.
WTF!??? This is beyond scary.
the non-federal FEDERAL RESERVE!
@Despiser25
12 күн бұрын
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.
This is utterly terrifying!
This is like the movie Idiocracy with President Camacho's cabinet🤣
In 3 and a half years he didn't sit down and take a class on money
@AndrooUK
12 күн бұрын
Or read some 'economics for idiots' website. Or have some prepared cards to read from... anything. 😅
Unbelievable but Believable
Just imagine him, Kamala, AOC in a room discussing business......FJB
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.
@christophersmith2470
12 күн бұрын
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.
THIS IS THE WORSE ADMINISTRATION IN THE HISTORY OF THE WORLD. FJB
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.
Wow.... absolutely wow...
"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?"
I paused about 3 times and yelled “WHAT?” At my screen. Can’t be serious
I'm not a doctor but I'm applying for chief of surgery at Mount Sinai 😂 hope I don't get it
I CAN'T WATCH THIS. IT IS SO PAINFUL
All the way from Australia this is truly frighting!
I'm not surprised. This administration is a joke
The emperor isn't naked, as long as we don't admit it.
He is not an economist. Everyone needs to remember this.
He obviously know exactly what it was about. This is why he struggleling to answer
@antiquecardboard
12 күн бұрын
What's worse? Malicious or Stupid? I honestly don't know.
Did he attend the same eco classes that AOC did?
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.
What the fuck have we done to ourselves? We need a reset top to bottom in this country.
"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.
@christophersmith2470
12 күн бұрын
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.
Stunning incompetence.
These are the people who're in charge of administering the economy?!
Keep it up bro. You are exposing the lies
OMG, ships of fools! And in Canada, our Prime Minister has a teachers diploma and experience in grade school drama!
We're governed by fools, where did he go to school 🤔
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.
Perfect match with his boss.
All of these crises happening since February 2021 but no one, absolutely NO ONE from this administration have been fired. SMH.
The best and the brightest have obviously been eliminated from any semblance of control.
All I can say is - WOW! This is one of the folks helping to run this country. WE ARE IN TROUBLE!
Just begs the question...if they hired him and he's totally unfit for the job....who else did they hire?
WE. ARE. DOOMED.
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.
@christophersmith2470
12 күн бұрын
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.
My self esteem has risen !!! Halellujiah. What was that!!!
Best and brightest!
Astounding. A man this clueless should be President.
@timothydempsey3763
11 күн бұрын
Wonder if he can pronounce nuclear
😳OMG! OMG! 😳 This is awful! We are doomed
Counterfeiters say the same thing. "We cannot go bankrupt because we print our own money." Yet they get sent to prison.
This is staggeringly embarrassing! This is why we are so screwed right now....
We borrow own money because we are giant Zimbabwe, we taught them how to do it.
It doesn’t actually even print it. They just update the spreadsheets.
The govt isn't printing the money, a private corporation prints it and the government pays interest on the denominations printed on the paper currency, which costs a few cents to print regardless of denomination. How can this expert not know the government doesn't print money?
🤦🏻♀️🙄our country is in a shambles and we know why!😡😞
Bidenomics yep that experiment was a COMPLETE DISASTER.
Thank you.
"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
Wow! Watching that was painful.
What an embarrassment! Is that what they do🤣🤣
November can't get here fast enough and if we don't win we as a country will be doomed.
Oh my gosh 😮
There are so many jobs that have no purpose and meaning. We need an audit of the entire government.
Will he lose his job, HELL NO. He fits this admin like a glove!!
my only question is, does the government print money? WTF!!!was that.....these people gotta go.....
I took macro and micro economics way back when which makes me overqualified!
You'll do, you could you, you want, you want him to do you so much You could do anything
The moment one realizes there is no Captain on the ship.
“Yeah, That’s the Ticket!”
I remember a comedy show in which there was a ventriloquist whose talking puppet had a talking puppet of the ventriloquist