Trump’s economist takes lying to an Olympian level on Fox News - “Strong economy with low inflation”
Daily Kos • • business
Key Points:
- National Economic Council Director Kevin Hassett dismissed concerns about the U.S. economy during a Fox News interview, claiming polls showing negative public sentiment are skewed by Democratic bias, a claim not supported by available data.
- Hassett made several questionable assertions, including that inflation is low at 3.4%, third-quarter GDP growth will be 5%, and that recent job reports were "blockbuster," despite these figures being inconsistent with official statistics and economic trends.
- He also claimed there is real income growth and significant progress in affordability, citing drug prices falling, although drug prices remain higher than when President Biden took office.
- Hassett blamed the "far-left media" for public misunderstanding of the economy, while Fox News host Peter Doocy challenged him on why most Americans feel the economy is struggling.
- The interview concluded with Hassett sharing a personal anecdote about lower hamburger prices, which contrasts with broader trends of rising grocery costs experienced by many Americans.
