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October 30, 2014
Title: Opinion vs. Policy
Topic: Opinion vs. Policy
Discussed by Carrie Sheffield
with Competitive Enterprise Institute www.cei.org
Carrie Sheffield has
worked on Wall Street with Goldman Sachs and Moody’s Investment Services. She is
a former writer for the Washington Times and covered POLITICO and The Hill. She
has seen the ins and outs and everything in between.
Today, Carrie discusses the recent speech given by Janet Yellen, the Federal
Reserve Chairwoman, appointed by President Obama. In her speech, Janet focused
on income inequality, economic mobility, pre-kindergarten benefits, and college
tuition.
Janet’s speech is so significant because of her position within the Federal
Reserve. It is one thing to have an opinion as a woman and she has the right to
that opinion and free speech. However, as the Chairwoman of the Federal Reserve
those opinions should be – and must be – kept silent. What Janet said has
nothing to do with the Federal Reserve and everything to do with a political
agenda.
The Federal Reserve does not exist to “fix” income inequality. The Federal
Reserve is not in charge of entrepreneurship in America. The Federal Reserve is
not supposed to tell parents their 3 or 4 year old should be in a
pre-kindergarten program at their local public school. The Federal Reserve
should not tell colleges and universities to lower their rates.
Carrie Sheffield says Janet’s speech was nothing more than a political ploy. Low
information voters will love her. People on food stamps and government aid will
think she is the smartest women on earth. The Hollywood elite will start touting
her as the next Vice President, along with Hilary as America’s boss.
The whole thing is just disgusting. Listen in as Carrie discusses Janet’s speech
in more detail and explains why it is so far out there it’s almost laughable.
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