Trump Aide Claims Americans 'Spending More Money on Everything' Shows They're 'Optimistic' About Economy [View all]
"For the second time in a month, National Economic Council Director Kevin Hassett on Tuesday claimed that Americans spending more money on gasoline and other goods is a sign of strength for the US economy—rather than evidence of the Trump administration’s inflationary policy decisions."
"During an interview with Fox Business, Hassett tried to counter recent data showing US consumer sentiment hitting all-time lows during President Donald Trump’s second term."
" 'The thing that I’ve seen when I look at credit card data,' Hassett said, 'is that while people have been spending more money at gas stations, they’ve been spending more money on everything else, which means that they’re still very, very optimistic about the state of the economy, and they should be.' "
"In fact, multiple consumer surveys have shown that Americans have never been more pessimistic about the state of the economy."
Continued at link:
https://www.commondreams.org/news/kevin-hassett-us-consumers
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