Treasury Secretary Says Average Retiree Owns '5 to 12 Homes'; Americans Furious - The Logical Leftist

[TexasTowelie]

At the World Economic Forum in Davos, Trump's Treasury Secretary Scott Bessent claimed that the "average" American retiree owns between 5 and 12 homes.

Jeff breaks down this baffling display of economic illiteracy, explains where this "gibberish" statistic likely came from, and exposes just how disconnected the new administration is from the working class they claim to represent.

[rampartd]

1. he might be right with that meaningless statistic

if i own 1 home and bessent owns 23 we average out at a dozen each.

"we need to declare an emergency to avoid the emergency" bessent

"we have asymmetrical data" bessent, the guy on meet the press to tell us what they know that we dont.

[vapor2]

2. STFU

[at140]

3. I own only 1 home as a retiree

but I could own 7 homes if rental property was my interest. I do not want any headaches in my old age with running a rental business. So I will die a one home owner.

[tulipsandroses]

4. Uh huh, tell us how Democrats are the " elitists" and republicans understand the " the working class" again?

This sure does not sound like the party that understands " the common man".

[Deuxcents]

5. This is me.. 😳 This administration is nucking futs..all of them

[jfz9580m]

11. Me as well

I have been thinking about the multiverse theory only semi whimsically, because this seems like an exceptionally inane one.

Apparently all of our collective consciousness took various decisions etc that has lead to Trump 2.0. That can’t be good.

Yeah well..it is way more everyone else than me ;-/.

I wasn’t feeling that well (in the last 14.5 years..).. I may have had a slight brain injury in the Fall of 2011. It has been mending and I use medical mj once a month to reset my brain and then I really can see it - difference like night and day..

Don’t want to be harangued (in general) ;-/..if it ever came up..

[Ilsa]

6. Trump's delusions must be contagious.

These people have a problem with living in the real world.

[sheshe2]

7. Oh boy.

[BarbD]

8. And, he is on what planet?

He is so out of touch with reality, it is more than pathetic.

[ChicagoTeamster]

9. Bush's Treasury Secretary said the same kind of crap. They only care about the rich.

Remember when Bessent said his retired mother wouldn’t miss her social security check?

[Seinan Sensei]

20. Actually Commerce Secretary Lutnick said that

Nutlick said only “fraudsters” would complain if they missed a SS check
He said his dear 94-yr-old Mother-in-Law (whose beloved Son-in-Law is a billionaire) would not complain

[ChicagoTeamster]

22. Oh that's right. Thanks for the clarification

[pansypoo53219]

10. that's why girls get 30 dolls for xmas.

i didn't even askfor the 1 barbie i got.

[BurnDoubt]

12. Be nice, now...

They don't know ANYBODY who doesn't own five or six rental properties. And, he didn't mention all the ones who own HOTELS!!!!
All the people he plays golf with do.
AND... they all have "Get Out of Jail Free" cards.

[Buddyzbuddy]

13. He must be thinking of his mother-in-law that didn't need her Social Security check.

And now we know why. This is another reason why there should be no billionaires and they certainly should not have the safety and security of Americans under their rule nor should they be making policy decisions for them.

[not fooled]

14. krasnov needs to go attend a NASCAR race

to reassure the dimwits he's still their guy.

[live love laugh]

15. They're thieves cosplaying as politicians and this is part of the performance.

I’m waiting for people to wake up and stop listening to this bullshit.

[Montauk6]

16. Talk about your room illiteracy...

[appleannie1]

17. Is he counting the retirees that are now homeless and living in their cars if they have one? Or the ones

living with their kids because SS does not cover their rent?

[Old Crank]

18. He's right.

The average American he hangs with owns that manny homes.

Personally my second house is a gingerbread one on the table left over from Xmas.

[RainCaster]

19. A fucking genius

He hires the very best.
Not!

[Simeon Salus]

21. He can only acknowledge the rich

The rest are invisible to him, mere insects from their vantage point.

[maliaSmith]

23. nuts

He's out of his effing mind. Arrogant as hell and nuts. He's speaking of himself.

[Martin68]

24. WTF!? These idiots are entirely clueless. And they are in charge of our economy...

[wolfie001]

25. The average retiree has maybe around $200,000 in savings

That number may be a bit slanted upward in my opinion. How the fuck can the average retiree "own" that many homes on that meager a savings? Clownish jackass spewing horseshit for his cult leader. What a pedantic asshole.

[Deep State Witch]

26. Well, I'm a Few Short

We only own the one home.

[CanonRay]

27. I've owned 6 in my lifetime

but never at once. I had two at once because a sale fell through, and the double mortgage was a bitch.

[unblock]

28. Well sure. America has nearly 4 billion houses.

[mwmisses4289]

29. Someone must have sold my other 4-11 homes

while my back was turned. Drat, I knew I shouldn't have trusted that home management company!

Edited to add this:

[twodogsbarking]

30. He sometimes confuses reality with the board game Monopoly. Retirees don't own railroads either.

[Americanme]

31. I can barely afford 1 home.

Ain't it weird how a populist man of the people put so many billionaires in positions of power? Good thing he drained that swamp.

[Wonder Why]

32. I have only owned one and at 79, am about to purchase 11 more so I can be average. I'm putting my new homes

on Boardwalk and Park Place so I can collect big time rent every time someone lands there.

[SWBTATTReg]

33. And this guy is an economics guy? Jesus! I wouldn't touch any advice put forth by any of tRUMP's henchmen. For

several reasons:

-they are too stupid;
-they are too stupid to realize that they're too stupid;
-what a showing to the world of how competent tRUMP's admin. truly is (NOT!)...

I'm turning off my hearing aids so I don't have to hear just how stupid these people are.

[airplaneman]

34. This pegs a 10 on my BS meter