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

---

Asshat needs to step out of his bubble.

[no_hypocrisy]

1. Gaslighting

[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

[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.