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Showing posts with the label Kevin Hassett

WHITE HOUSE ADVISOR CALLS AFFORDABILITY CRISIS A "MYTH"? HERE ARE THE FACTS

Kevin Hassett, White House Economic Advisor says America is about a trillion dollars better off than it was a year ago and tahe idea of an affordability crisis is a "myth" manufactured by democrats. He cites a boost in wages and an economic boom that has resulted from tariff policies and other Trump Administration mechanisms that the average American does not seem to feel at the gas pump and the grocery store. Meanwhile, the country remains in over $40 trillion in debt. Pres. Donald Trump has touted the financial success of the country on the campaign trail saying the nation is rich and making a ton of money. He also repeatedly states that the gas prices are going to drop soon. Yet, such claims do not square with the current data reality. THE FACTS Is the U.S. thriving economically while people are struggling to make ends meet? Not necessarily. Hassett's claim refers to aggregate economic activity and consumption, not whether individual households feel financially secu...

White House economist Kevin Hassett says weather played a role in low job numbers in May

Out-going Trump Economic Advisor Kevin Hassett (Council of Economic Advisers Chairman), spoke to a press gaggle this morning after the May jobs report was  released.  A less than expected 75,000 jobs were added in May with the unemployment rate holding steady at 3.6%  Hassett believes the wave of bad weather across he country may have caused the 40,000 job drop.  This jobs lull spurs nervousness about a weakening US  economy  as tariffs mount against China and Mexico.  Hassett briefly spoke about Mexico tariffs saying the meetings this week with Mexico leaders were productive and all offers are on the table, which POTUS will review upon his return today. Mexico is receptive to some U.S. demands and have already arranged to send Mexico National Guard to the border.  Several  Senate Republicans  oppose the president's tariff rebuke and produce suppliers warn of the potential impact that blocking imports from our southernm...