White House economic director downplays economic anxiety amid higher prices

[Yo_Mama_Been_Loggin]

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

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Asshat needs to step out of his bubble.

[no_hypocrisy]

1. Gaslighting

[mgardener]

18. And blatent

Lying.

[dem4decades]

2. Hasslet, the grinning NAZI.

[saif]

3. White House economic director downplays economic anxiety amid higher prices

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

[Karasu]

4. Republicans don't give a fuck about "real wages", or else they'd support tying them to the cost of living. Completely

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.

[Cheezoholic]

5. Only themselves lol n/t

[Earth Bound Misfit]

6. Most punchable face in The Beltway...

excluding Stephen Miller, of course.

[sakabatou]

7. "Pay no attention to the man behind the curtain!"

[Skittles]

8. wages are up 3.6% for the year?

I'm calling BS

[JT45242]

14. Would love to know the median raise...

A couple of ceo huge raises and in dollars that might work, if limited to the fully employed.

But, I know my company gave us ZERO percent across the board while praising us for exceeding our profit goal for the year.

Big bonuses for the c suite based on profits, but nothing for the worker bees.

May be a mass exodus if they pull the same stunt again.

[es466]

17. Making America Great Again -- for the top 1%

[IronLionZion]

9. Inflation is great for his stocks

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]

10. Let them eat cake. And how much has he dealt himself

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

[Aussie105]

11. This White House economic director . . . what is his income?

"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.

[skypilot]

12. Your subject line...

...pretty much sums up his job description.

[Figarosmom]

13. He's part of the society that uses his money

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.

[OldBaldy1701E]

15. "Asshat needs to step out of his bubble."

They'd curl up in a ball and wail if they had to actually live in the real world.

It is one of the reasons I am SO tired of rich people being elected to represent this nation in any capacity. They don't know how most of it even works, but we still think they are the most intelligent people. Because, for some reason, we have been programmed to think that the greediest, most inhuman people are the best choices.

A delusion we really need to start recognizing.

[es466]

16. I hate this guy's smirking face. He is a an asskisser, speaking to an audience of one. I'll let you guess who that is.

[Botany]

19. We are fucked. The National Debt is now greater than the United States G.D.P.

Thanx to Figrosmom for posting this video.