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Yo_Mama_Been_Loggin

(137,849 posts)
Sun May 31, 2026, 02:25 PM 16 hrs ago

White House economic director downplays economic anxiety amid higher prices

Source: ABC News

National Economic Council Director Kevin Hassett painted a rosy picture of the economy Sunday, downplaying Americans' growing pessimism about the economy amid high gas prices and rising inflation as the Iran war goes on.

"Look at what's happening to real wages," Hassett told ABC News' "This Week" co-anchor Jonathan Karl, claiming "really positive news" about the economy was being ignored. "On balance, real incomes, real wages are going up."

The latest report from the Bureau of Labor Statistics showed that wages did not increase at the same pace as inflation in April; wages were up 3.6% for the year and inflation was up 3.8%.

In two recent surveys, Americans' view of the U.S. economy soured.

Read more: https://www.yahoo.com/news/politics/articles/white-house-economic-director-downplays-143535360.html



Asshat needs to step out of his bubble.
13 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
White House economic director downplays economic anxiety amid higher prices (Original Post) Yo_Mama_Been_Loggin 16 hrs ago OP
Gaslighting no_hypocrisy 16 hrs ago #1
Hasslet, the grinning NAZI. dem4decades 16 hrs ago #2
White House economic director downplays economic anxiety amid higher prices saif 14 hrs ago #3
Republicans don't give a fuck about "real wages", or else they'd support tying them to the cost of living. Completely Karasu 13 hrs ago #4
Only themselves lol n/t Cheezoholic 13 hrs ago #5
Most punchable face in The Beltway... Earth Bound Misfit 13 hrs ago #6
"Pay no attention to the man behind the curtain!" sakabatou 13 hrs ago #7
wages are up 3.6% for the year? Skittles 12 hrs ago #8
Inflation is great for his stocks IronLionZion 12 hrs ago #9
Let them eat cake. And how much has he dealt himself Bluetus 10 hrs ago #10
This White House economic director . . . what is his income? Aussie105 8 hrs ago #11
Your subject line... skypilot 7 hrs ago #12
He's part of the society that uses his money Figarosmom 5 hrs ago #13

saif

(5 posts)
3. White House economic director downplays economic anxiety amid higher prices
Sun May 31, 2026, 04:13 PM
14 hrs ago

People are still feeling high prices in daily life, so downplaying the concern doesn’t match reality.

Karasu

(2,130 posts)
4. Republicans don't give a fuck about "real wages", or else they'd support tying them to the cost of living. Completely
Sun May 31, 2026, 05:23 PM
13 hrs ago

disingenuous bullshit.

Every day now, one of these dumbasses makes an out-of-touch “Let them eat cake" statement like this, and I really have to wonder who they even think they’re fooling at this point.

IronLionZion

(51,609 posts)
9. Inflation is great for his stocks
Sun May 31, 2026, 06:28 PM
12 hrs ago

higher prices means more revenue for the same amount of goods and services. So inflation has been raising stock prices. Who knows how long that will last.

Until consumers cut back on purchases. Then the house of cards comes falling down. America's economy is driven by consumer demand.

Bluetus

(3,150 posts)
10. Let them eat cake. And how much has he dealt himself
Sun May 31, 2026, 08:41 PM
10 hrs ago

with insider stock trading and all the other scams this gang is operating?

Aussie105

(8,234 posts)
11. This White House economic director . . . what is his income?
Sun May 31, 2026, 10:28 PM
8 hrs ago

"wages were up 3.6% for the year and inflation was up 3.8%."

And we just know how fudged and how massaged those numbers are, don't we?

The Man in the Street looks at his pay packet, then the price of things, and calls 'Baloney!' real loud.

Same in Australia, the official numbers don't match reality.

Figarosmom

(13,847 posts)
13. He's part of the society that uses his money
Mon Jun 1, 2026, 01:35 AM
5 hrs ago

To make more money. They thing when regular working folk use a credit card for everyday purchases it's a good thing. Even though credit card defaults are at it's highest level ever. People used to pay off their balances every month. Now they carry balances and have large interest rates. With gas prices so high and so many people traveling more than 20 miles to work every day those defaults are going to surge.

There isn't anyone in trumps treasury or cabinet positions that have a clue how everyday Americans live and just think we can just go out and borrow money on high interest revolving accounts. What's the big deal is what they think.

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