Mastodawn

#DisasterDon's chief economist smiley #KevinHassett on #FnS thinks everyone is spending more & putting more on their credit cards NOT due to soaring #inflation, but out of "optimism" for the FUTURE #economy under #CreamsicleCaligula. 🤦‍♂️

#TooStupidForPolitics

Don Curren 🇨🇦🇺🇦May 29

“Donald Trump’s chief economist said something interesting the other day. Yes, the remarks by #KevinHassett, director of the National Economic Council, were stupid, but that goes without saying. The point is that they were stupid in an interesting way.” open.substack.com/pub/paulkrug...

Who’s Deranged, Exactly?

Who’s Deranged, Exactly?

Of partisanship and economic sentiment

Paul Krugman

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Matthew Hall May 15

Bizzaro & totally tone deaf messaging

https://finance.yahoo.com/economy/articles/hassett-brags-credit-card-spending-141500850.html

#KevinHassett #economicfury

Hassett brags that credit card spending is 'through the roof' — as delinquencies climb and farm bankruptcies jump 46%

The blowback from Kevin Hassett’s interview came quickly, from political commentators to social media users. Is credit card spending really a sign of...

Yahoo Finance

The Bad Place May 13

Times of India | Trump administration sees ‘no sign’ of AI taking away jobs; Kevin Hassett says: Companies that adopt AI see not only rapid revenue growth, but also ...

AI generated summary, Read the full article for complete information.

The White House’s National Economic Council director, Kevin Hassett, told CNBC that current data show no evidence that artificial intelligence is directly eliminating jobs, although the administration is monitoring its future impact. This claim comes as a wave of layoffs at major tech firms—including Amazon, Meta, Oracle, Coinbase, Cloudflare, Block and Atlassian—are being linked to AI‑driven restructuring, with executives citing AI’s ability to automate code writing, workflow management, marketing, and customer‑service tasks and thereby reduce workforce size. While critics point to these cuts as proof that AI is reshaping labor demand, Hassett argues that companies that adopt AI typically experience rapid revenue growth and may ultimately expand employment, whereas firms that ignore the technology risk losing competitive advantage.

#Trumpadministration #KevinHassett #WhiteHouse

Trump administration sees ‘no sign’ of AI taking away jobs; Kevin Hassett says: Companies that adopt AI see not only rapid revenue growth, but also ... - The Times of India

Tech News News: The Trump administration is downplaying concerns that artificial intelligence is already destroying jobs, even as a growing number of technology compa.

The Times of India

The Bad Place May 12

US Top News and Analysis | Credit card debt dips to $1.25 trillion — but maintains ‘K-shaped’ pattern, New York Fed research shows

AI generated summary, Read the full article for complete information.

Americans owe $1.25 trillion on credit cards—a quarter‑trimmed fall from the previous quarter but a 5.9 % rise from a year ago—according to a new Federal Reserve Bank of New York report. While overall household debt edged higher, mortgage, auto‑loan and home‑equity balances all increased, and the rise in credit‑card balances shows a “K‑shaped” split: higher‑income households keep spending, whereas lower‑income families face tighter budgets, higher delinquency rates and are forced to cut back on gasoline as prices hover around $4.50 per gallon. Subprime borrowers drive most of the recent uptick in delinquencies, and more than half of consumers (53 %) now carry credit‑card balances for essential costs, with 57 % expecting it will take six months or longer to repay their debt.

#KevinHassett #ChristianFloro #FoxBusiness #NewYorkFed #FederalReserve #Achieve #

The Bad Place May 11

US Top News and Analysis | Hassett says AI isn't costing anybody their job right now — but tech layoffs keep coming

AI generated summary, Read the full article for complete information.

National Economic Council Director Kevin Hassett told CNBC’s “Squawk Box” that, despite a wave of tech layoffs at companies such as Amazon, Meta, Oracle and Block, there is “no sign in the data” that artificial‑intelligence technology is currently costing anyone their job; he emphasized that the administration is studying AI’s future impact on the workforce and has set up a task force to assess it, while firms cite AI‑driven automation and the move to smaller, highly skilled teams as reasons for recent staffing reductions.

#KevinHassett #EconomicCouncil #CNBC #SquawkBox #WhiteHouse #Amazon #Meta #Oracle #Block #Square #

John Yates May 9

#KevinHassett of the Delusional Economic Council is the stupidest, lying, sack of 💩 I've ever seen lying about economics! Believe nothing he says! #Politics

Stephen Gutknecht May 8

#KevinHassett #FWakeKevinHassett

#HateBasedEconomy #EconomyBasedOnHate
#HateMotivatedEconomy

Hate sells. Sexual abuse by men sells. #MassDehumanizationPopular

#RFP36 ++ https://old.reddit.com/r/Anticonsumption/comments/1t7gmi4/smiling_as_we_drown_in_debt/

The Bad Place May 3

Home - CBSNews.com | Kevin Hassett: Energy shocks will "affect profits for the airlines for the next quarter or so"

AI generated summary, Read the full article for complete information.

White House National Economic Council Director Kevin Hassett told “Face the Nation with Margaret Brennan” that while Spirit Airlines blamed rising fuel prices for its troubles, energy shocks generally do not have a major impact on other carriers; however, he conceded that higher fuel costs are likely to dent airline profits for about a quarter.

#KevinHassett #WhiteHouse #EconomicCouncil #MargaretBrennan

Kevin Hassett: Energy shocks will "affect profits for the airlines for the next quarter or so"

White House National Economic Council Director Kevin Hassett told "Face the Nation with Margaret Brennan" that although Spirit Airlines said rising fuel prices had contributed to its demise, "energy shocks don't have a big effect" on other airlines' business. But he acknowledged that "certainly, that will affect the profits for the airlines for a quarter or so."

Voteinorout 🇺🇸Apr 16

#KevinHassett, a top economic advisor, acknowledges the frustration of high gas prices but highlights the benefits for oil producers, noting the “GDP effect in the U.S. is much smaller.” #GasPrices #Economy #OilIndustry

#KevinHassett emphasized that while consumers face challenges at the pump, the oil industry’s gains are noteworthy. He stated, “the benefit for oil producers and workers in those ... https://instagr.am/p/DXLMRgQBXzX/

voteinorout on Instagram: "#KevinHassett, a top economic advisor, acknowledges the frustration of high gas prices but highlights the benefits for oil producers, noting the “GDP effect in the U.S. is much smaller.” #GasPrices #Economy #OilIndustry #KevinHassett emphasized that while consumers face challenges at the pump, the oil industry’s gains are noteworthy. He stated, “the benefit for oil producers and workers in those industries is significant,” suggesting that these gains help mitigate broader economic impacts. — Top Trump Economic Advisor Kevin Hassett: While it’s very frustrating at the pump to see what the price of gasoline looks like, the benefit for oil producers is significant Follow meidastouch for more. Help this information get to more voters. 🇺🇸 A well-informed electorate is a prerequisite to Democracy.—Thomas Jefferson"

26 likes, 6 comments - voteinorout on April 14, 2026: "#KevinHassett, a top economic advisor, acknowledges the frustration of high gas prices but highlights the benefits for oil producers, noting the “GDP effect in the U.S. is much smaller.” #GasPrices #Economy #OilIndustry #KevinHassett emphasized that while consumers face challenges at the pump, the oil industry’s gains are noteworthy. He stated, “the benefit for oil producers and workers in those industries is significant,” suggesting that these gains help mitigate broader economic impacts. — Top Trump Economic Advisor Kevin Hassett: While it’s very frustrating at the pump to see what the price of gasoline looks like, the benefit for oil producers is significant Follow meidastouch for more. Help this information get to more voters. 🇺🇸 A well-informed electorate is a prerequisite to Democracy.—Thomas Jefferson".

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