Countering Janet Yellen’s alternate economic reality
Originally Published in the Washington Times
Coming off an election in which the left lost control of the House of Representatives, Treasury Secretary Janet Yellen released an op-ed where she takes readers to an alternate reality that bears little resemblance to the actual events and facts of the past three years. One can forgive revisionist legacy-making, but the danger is that these same arguments are being used to further bad policy during the lame-duck session and beyond. Thus, it is essential to correct the record.
Ms. Yellen conjures up images of dark days in January 2021 when President Biden took office. While COVID-19 deaths were indeed running high, the Biden administration inherited two rigorously tested vaccines that were 95% and 94% effective, according to December 2020 press releases from the Food and Drug Administration. Not only was Operation Warp Speed a resounding success for COVID-19, which President-elect Biden recognized when he got his first shot in December 2020, but it also has the potential to revolutionize vaccine development and production going forward. For Ms. Yellen to speak out of both sides of her mouth by calling it “untested” while then taking credit for mandating its use is audacious.
Read The Full Article in the Washington Times