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White House: ‘You Don’t Eat GDP,’ Paychecks Matter ‘Most’
Breitbart ^ | 04/26/2024 | IAN HANCHETT

Posted on 04/26/2024 6:52:18 AM PDT by ChicagoConservative27

On Thursday’s broadcast of the Fox Business Network’s “Cavuto: Coast to Coast,” White House Council of Economic Advisers Chair Jared Bernstein stated that even with the latest GDP report, we “really haven’t seen much in terms of slow growth yet.” And the job market is “really what matters to people, you don’t eat GDP, your paycheck matters most.”

Bernstein said, “We really haven’t seen much in terms of slow growth yet. Let’s talk about the job market, because that’s really what matters to people, you don’t eat GDP, your paycheck matters most. And there, you’ve seen growth continuing to defy expectations to the upside, stronger job numbers than have been expected, and again, an unemployment rate that’s been below 4% for over two years. That’s generating real wage gains. On the GDP front, this president has a 25-year record when it comes to real GDP growth. So, I think probably one thing you may be referring to is a kind of downshifting that has to happen as you grow at a breakneck pace out of the pandemic-induced recession, we have to settle back into more steady, stable growth, and I think that’s one of the things you’re seeing in reports like the one this morning. But in terms of growing at least at or above trend, if you look at at least the year-over-year measure, 3% for this GDP, and the job market numbers I just cited, the economy remains strong, solid, on a steady, stable path.”

(Excerpt) Read more at breitbart.com ...


TOPICS: Breaking News; Business/Economy; Culture/Society; Government; News/Current Events; Politics/Elections
KEYWORDS: 1wordvocabulary; bidenomics; chicagocusservative; chicagofecesfan; eat; economicilliteracy; feceseverypost; gdp; jaredbernstein; paychecks; whitehouse
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To: ChicagoConservative27

Did he get his economics degree from a CrackerJacks box?


21 posted on 04/26/2024 7:46:00 AM PDT by rdl6989 ( )
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To: ChicagoConservative27

With a 48% labor participation rate, they really defined their own mess huh?


22 posted on 04/26/2024 7:47:40 AM PDT by blackdog ((Z28.310) Be careful what you say. Your refrigerator may be listening & reporting you.)
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To: PeterPrinciple

The Marketing Department was real proud of this one. It’s not the facts, it’s the messaging…. Idiots will eat it up, I can hear the sucking sound now of social media inhaling it.


23 posted on 04/26/2024 7:51:39 AM PDT by Made In The USA (Ellen Ate Dynamite Good Bye Ellen)
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To: ChicagoConservative27

Yep ... paychecks matter. But mine hasn’t gone up much over the past 10 years while the cost of everything has gone way up.


24 posted on 04/26/2024 7:59:01 AM PDT by al_c (Democrats: Party over Common Sense)
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To: ChicagoConservative27

Yeah paychecks matter, GDP matters, inflation matters, food matters. A lot of things matter.

Johnny Paycheck — you can take this so-called President and shove it!


25 posted on 04/26/2024 8:04:00 AM PDT by plain talk
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To: ChicagoConservative27

Right. And paychecks are shrinking. Thanks, Bidet.


26 posted on 04/26/2024 8:29:40 AM PDT by beethovenfan (The REAL Great Reset will be when Jesus returns. )
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To: ChicagoConservative27

They are lying. We know they are lying. They know that we know they are lying. But they lie anyway.


27 posted on 04/26/2024 8:36:08 AM PDT by redgolum
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To: ChicagoConservative27

“Let them eat cake,” Biden Style...


28 posted on 04/26/2024 8:40:51 AM PDT by CDB
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To: ChicagoConservative27

The jobs are all to foreigners or they are part time. Government jobs are just the govt trying to influence the numbers. Service jobs are the bulk of the part-time help.


29 posted on 04/26/2024 8:47:22 AM PDT by xzins (Retired US Army chaplain. Support our troops by praying for their victory. )
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To: Thank You Rush

“Summer of Recovery” which never happened until President Trump won the presidency.


30 posted on 04/26/2024 8:49:17 AM PDT by AbolishCSEU (Amount of "child" support paid is inversely proportionate to mother's actual parenting of children)
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To: CDB
[“Let them eat cake,” Biden Style...]


31 posted on 04/26/2024 8:50:21 AM PDT by PLMerite ("They say that we were Cold Warriors. Yes, and a bloody good show, too." - Robert Conquest )
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To: ChicagoConservative27

Speechless.


32 posted on 04/26/2024 8:51:39 AM PDT by Sequoyah101 (Procrastination is just a form of defiance)
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To: ChicagoConservative27

Bernstein, probably the first economic advisor in the history of the world who majored in Music, with a graduate degree in Social Work.

He must have some really special connections!


33 posted on 04/26/2024 8:58:21 AM PDT by allwrong57
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To: ChicagoConservative27

They don’t give a crap about which they are yammering. Bottom line is, they want to hoodwink the gullible into voting “blue” and then take all of our money, savings and all, for themselves…


34 posted on 04/26/2024 9:08:53 AM PDT by Shady (The Force of Liberty must prevail for the sake of our Children and Grandchildren...)
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To: ChicagoConservative27
Counterfeit economy.

The thieves live large, pacify the masses (throw a few bones) so as to not have to deal with hostility by said masses...while they are busy enjoying the fruits of their fraud.

(knowing full well, without pumping fake $$$...it would all collapse under the weight of all their corruption...and chaos would surely ensue)

35 posted on 04/26/2024 9:15:13 AM PDT by RckyRaCoCo (Time to throw them out of the Temple...again)
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To: ChicagoConservative27

I’d say that this is the dumbest thing I’ve read. But the day is still young.


36 posted on 04/26/2024 9:39:46 AM PDT by Seruzawa ("The Political left is the Garden of Eden of incompetence" - Marx the Smarter (Groucho))
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To: maro

“”What he meant was that Biden has been in favor of real GDP growth for 25 years.””

LOL


37 posted on 04/26/2024 9:53:09 AM PDT by Thank You Rush ( )
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To: ChicagoConservative27

White House Council of Economic Advisers Chair Jared Bernstein must have ben a used cars salesman before he landed this job.


38 posted on 04/26/2024 11:05:59 AM PDT by Vaduz
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To: PLMerite

Very appropriate graphic, PLMerite.


39 posted on 04/26/2024 12:29:11 PM PDT by CDB
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To: ChicagoConservative27

wow, I never took economics in college, but enough math to ...well, this is just stupid.


40 posted on 04/26/2024 12:41:34 PM PDT by Karliner (Heb 4:12 Rom 8:28 Rev 3, "...This is the end of the beginning." Churchill)
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