Top White House economic adviser Kevin Hassett says increasing credit card debt is a good sign.

[Crepitus]

How blind can you get? This is the exact opposite of reality. Credit card spending is going up because people cannot afford things they have to have. Like gas to get to work, for instance.

Is he really that stupid or is it just a very poor attempt at spin? 'Cause I don't think even the die-hard trump supporters are that gullible.

But you never know, I guess.

Trump Official Brags People Are Surviving On Credit Cards: ‘Spending Is Through The Roof!’

Many social media users disagreed with Kevin Hassett’s notion that increased credit card spending signals consumer confidence.

www.yahoo.com

 

[odanny]

Is he really that stupid or is it just a very poor attempt at spin

He is really that stupid. If Trump said this, we would not wonder why.

 

[georgephillip]

How blind can you get? This is the exact opposite of reality. Credit card spending is going up because people cannot afford things they have to have. Like gas to get to work, for instance.

Is he really that stupid or is it just a very poor attempt at spin? 'Cause I don't think even the die-hard trump supporters are that gullible.

But you never know, I guess.

Trump Official Brags People Are Surviving On Credit Cards: ‘Spending Is Through The Roof!’

Many social media users disagreed with Kevin Hassett’s notion that increased credit card spending signals consumer confidence.

www.yahoo.com

Based on Kevin Hassett's economic pedigree, he knows he is lying:

Kevin Hassett - Wikipedia

"Hassett is from Greenfield, Massachusetts, where he graduated from Greenfield High School.

"He attended Swarthmore College where he was captain of the varsity track team and graduated summa cum laude with a Bachelor of Arts degree in economics in 1984, followed by a PhD in economics (focusing on applied econometrics) from the University of Pennsylvania under the supervision of Alan J. Auerbach."

 

[SassyIrishLass]

Likely why the United States is around 39 trillion in debt.

Side note, both sides got us here

 

[Winco]

How blind can you get? This is the exact opposite of reality. Credit card spending is going up because people cannot afford things they have to have. Like gas to get to work, for instance.

There are other reasons too.

My check(s) go into my account, and I charge almost everything, then I pay it off before the billing cycle ends.
I want to air miles.

I just booked a round trip flight from Sea to SA, for 2, for 75,000 Miles, plus like $12 though my Alaska Airline Card.
Otherwise the Round Trip Cost would have been over $1,000.

So YES, I contribute to the credit card spending, not out of need, but for the Miles.

 

[frigidweirdo]

How blind can you get? This is the exact opposite of reality. Credit card spending is going up because people cannot afford things they have to have. Like gas to get to work, for instance.

Is he really that stupid or is it just a very poor attempt at spin? 'Cause I don't think even the die-hard trump supporters are that gullible.

But you never know, I guess.

Trump Official Brags People Are Surviving On Credit Cards: ‘Spending Is Through The Roof!’

Many social media users disagreed with Kevin Hassett’s notion that increased credit card spending signals consumer confidence.

www.yahoo.com

Good for WHO?

The rich? Yes. They'll get richer.

Who runs the government?