White House economic adviser Jared Bernstein said on this week’s “Fox News Sunday” broadcast that the U.S. economy was “moving on the right track.”
Partial transcript as follows:
BERNSTEIN: Well, I want to try to paint a realistic picture that’s nuanced, that takes into account everything you just said. But also reflects not just what on people — what people are saying, which we have to listen to, they are the best arbiters of their economic conditions, but also what they’re doing. So we’re just coming out of a Black Friday, that is already setting records for online buying between 10 and 16 billion for Black Friday online.
We are looking at consumer spending that’s been driving this economy forward posting growth rates that are north of 5%. We have an unemployment rate that’s been below 4% for 21 months. Now, what that means in a period where inflation has come down by two-thirds, it peaked at 9%. It’s now 3.2.
SHANNON BREAM: And wages have not kept up.
BERNSTEIN: So real wages have grown, real wages, in other words, wages are beating prices now. So is disposable income, by the way.
BREAM: For most of that time, they have not.
One has to ask these geniuses of finance, “How did we get sooooo far off the right track?”
They are on the Track to CHINA !!!!
This guy has the wlrst case of cranial rectitis…ever!
Obama’s third term continues us on the path of bankruptcy…first the citizens that produce and pay taxes then the country…
Wait til the taxbill comes due for this big lie!!
This administration and all except TRUMP were and are lying sacks of excrement. Trump made it allot better for the middle class and tried to stop these thieves, like JFK tried!
Read my lips, hope and change, patriot act, bla bla bla, this BS goes all the way back to formation of the FED, LBJs welfare state, and removal from the gold standard.
We are being set up. Except this time our SSN equity that Clinton stole is now also DEBT…..BUT Thanks to the bushes and the luciferian gulf War the borrowing continues to this day, aLL because of 9/11. PART was gummed up with TRUMPS election….but they did slip in covid, Ukraine, hamas….guess the ufo aliens demons are up next?
What is it like being this deep in denial?
Track to PRISON & Deportation !!!!!
What planet is that jerk from? Right track, my A$$!