White House Economic Director Downplays Americans' Economic Anxiety
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.
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lamplighter
Joined 2013/04/13Visited 2026/06/01
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Okay, honestly? It's too easy to beat up on Kevin Hassett. There should be a mercy rule.[image or embed] -- Kai Ryssdal (@kairyssdal.bsky.social) 12:08 PM · May 31, 2026
Okay, honestly? It's too easy to beat up on Kevin Hassett. There should be a mercy rule.[image or embed]
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More from the article ...
... 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. In Gallup's latest survey, Americans' economic confidence dropped to the lowest point since October 2022. Additionally, the University of Michigan released its twice-monthly consumer sentiment survey the same day; consumer sentiment fell for the third straight month, reaching the lowest number ever recorded and dropping 10% since April. When pressed by Karl on the anxiety expressed by Americans over the war's impact on the economy, specifically rising energy prices, Hassett argued that Americans will look positively on their economic situation when making political decisions. ...
In two recent surveys, Americans' view of the U.S. economy soured.
In Gallup's latest survey, Americans' economic confidence dropped to the lowest point since October 2022. Additionally, the University of Michigan released its twice-monthly consumer sentiment survey the same day; consumer sentiment fell for the third straight month, reaching the lowest number ever recorded and dropping 10% since April.
When pressed by Karl on the anxiety expressed by Americans over the war's impact on the economy, specifically rising energy prices, Hassett argued that Americans will look positively on their economic situation when making political decisions. ...
#1 | Posted by LampLighter at 2026-05-31 02:51 PM | Reply
"wages were up 3.6% for the year and inflation was up 3.8%."
If they're admitting 3.8%, it's probably double that amount.
Anyone here think 3.8% passes the smell test???
#2 | Posted by Danforth at 2026-05-31 02:57 PM | Reply
Fun thing about being in Canada all the prices seem the same, but the you find out they're really 30% less. It's like everything is free!
#3 | Posted by LegallyYourDead at 2026-05-31 10:06 PM | Reply
I Think the Trump Administration has found its own 'Baghdad Bob' to put forth a comedy routine recognized by all but the speaker...
#4 | Posted by catdog at 2026-06-01 03:46 PM | Reply | Funny: 1
"I would guess that by the first quarter of next year, we'll be back at the 3% or 4% growth pace" - Kevin Hassett November 11, 2025
His estimate wasn't anywhere close to the 1.6 growth reported by the Commerce Department. He wasn't even in the same state much less in the ball park. He should be questioned about what method he used to arrive at such an estimate.
#5 | Posted by johnny_hotsauce at 2026-06-01 04:20 PM | Reply | Newsworthy 1
HASSETT: We talk to...credit card companies...there's not any threat to them.
Whew! Praise to Jesus! I was so worried for BoA, Capital One, and all the other giant banks. How will they ever get by? Could this dude be any more clueless?
#6 | Posted by TFDNihilist at 2026-06-01 04:38 PM | Reply | Newsworthy 1
read it and weep libbies:
scontent.ftpa1-1.fna.fbcdn.net
But we know that the libbie news [aBC, CBS, NBC, CNN, NY Time anda more] will not mention the above.....
#7 | Posted by MSgt at 2026-06-01 05:22 PM | Reply
#7 Hmmm ... can't reach this page
#8 | Posted by A_Friend at 2026-06-01 05:23 PM | Reply
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