Thursday, May 07, 2026

Official boasts credit card spending is 'through the roof'

A senior Trump official has boasted that Americans' credit card spending is "through the roof" as millions across the country grapple with soaring costs of living including high gas prices, a slow job market and inflation. National Economic Council Director Kevin Hassett made the stunning remark to Fox News Wednesday in response to an initial question about the jobs outlook for the rest of the year.

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... After stating that the jobs market is going to be "very, very strong," Hassett, the president's top economic advisor, continued: "In fact, I had the head of one of the big five banks in my office yesterday going through the credit card data.

"And just as Secretary [Scott] Bessent said, credit card spending is through the roof. They're spending more on gasoline, but they're spending more on everything else, too."

The backlash to Hassett's remarks was immediate. "Working class Americans are maxing out their credit cards to pay for groceries and gas," Democratic Representative and House Minority Leader, Hakeem Jeffries, posted on X. "The Trump Cartel thinks this is something to celebrate. Shameful." ...




#1 | Posted by LampLighter at 2026-05-07 05:48 PM

Not the flex he thinks it is.

#2 | Posted by LegallyYourDead at 2026-05-07 06:37 PM

WE'RE SPENDING MORE ON EVERYTHING BECAUSE EVERYTHING IS MORE EXPENSIVE, YOU DOLT

#3 | Posted by LegallyYourDead at 2026-05-07 06:38 PM

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