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 ...
Did he get his economics degree from a CrackerJacks box?
With a 48% labor participation rate, they really defined their own mess huh?
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.
Yep ... paychecks matter. But mine hasn’t gone up much over the past 10 years while the cost of everything has gone way up.
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!
Right. And paychecks are shrinking. Thanks, Bidet.
They are lying. We know they are lying. They know that we know they are lying. But they lie anyway.
“Let them eat cake,” Biden Style...
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.
“Summer of Recovery” which never happened until President Trump won the presidency.
Speechless.
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!
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…
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)
I’d say that this is the dumbest thing I’ve read. But the day is still young.
“”What he meant was that Biden has been in favor of real GDP growth for 25 years.””
LOL
White House Council of Economic Advisers Chair Jared Bernstein must have ben a used cars salesman before he landed this job.
Very appropriate graphic, PLMerite.
wow, I never took economics in college, but enough math to ...well, this is just stupid.
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