Backlash grows as Trump aide shrugs off consumer pain from Iran war

Source: Alternet.org · Bias: Left

Summary

A top Trump economic adviser is under fire after declaring that consumers hurt by an extended Iran war are the “last of our concerns right now.”Despite some expert predictions of possible recession or even stagflation, Kevin Hassett, the Director of the National Economic Council (NEC), on Tuesday called the U.S. economy “very sound,” and insisted that the Iran war “wouldn’t really disrupt the U.S. economy very much at all” if it were to continue for an extended period of time, MS NOW reported. The war is in its 18th day. “It would hurt consumers, and we’d have to think about, if that continued, what we’d have to do about that, but that’s really the last of our concerns right now,” he said, claiming that the war is “ahead of schedule.” Consumers are feeling the pain, especially at the pump.As of Monday, five states were hovering near $4 a gallon and several others were seeing sharp increases. “The national average is up 80.0 cents from a month ago and is 66.1 cents per gallon higher than a year ago,” WANE reported on Monday, citing data from GasBuddy. Critics rushed to denounce Hassett’s remarks.“In any normal administration, a senior advisor to the President (basically) saying they don’t care that Americans are being harmed financially by something the President has done would resign before 5 pm today b/c the media outrage would be THAT extreme,” wrote one social media political commentator.“This is what this Administration of billionaires for billionaires really thinks. The consumer is an inconvenience,” said Democratic congressional candidate Fred Wellman. “It has been clear all along that consumers, aka the American public, are the least of this administration’s concerns,” observed Jared Ryan Sears, who writes at The Progressive Capitalist. “Fits right in with claiming that affordability is a hoax, as Americans are draining their 401ks and savings trying to stay afloat. Pretending the economy is good is a joke. Instead of creating jobs, the US has been losing jobs over the past 10 months, and GDP growth was just 0.7% last quarter. Trump has ruined the economy.”The New Republic’s Greg Sargent called Hassett’s comment “an extremely serious political blunder” that “will end up in a lot of Dem ads.”“If Republicans were trying to lose the midterms on purpose, they wouldn’t need to change a thing,” wrote podcaster Hemant Mehta.

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Backlash grows as Trump aide shrugs off consumer pain from Iran war
Alternet.org

Backlash grows as Trump aide shrugs off consumer pain from Iran war

Left

A top Trump economic adviser is under fire after declaring that consumers hurt by an extended Iran war are the “last of our concerns right now.”Despite some expert predictions of possible recession or even stagflation, Kevin Hassett, the Director of the National Economic Council (NEC), on Tuesday called the U.S. economy “very sound,” and insisted that the Iran war “wouldn’t really disrupt the U.S. economy very much at all” if it were to continue for an extended period of time, MS NOW reported. The war is in its 18th day. “It would hurt consumers, and we’d have to think about, if that continued, what we’d have to do about that, but that’s really the last of our concerns right now,” he said, claiming that the war is “ahead of schedule.” Consumers are feeling the pain, especially at the pump.As of Monday, five states were hovering near $4 a gallon and several others were seeing sharp increases. “The national average is up 80.0 cents from a month ago and is 66.1 cents per gallon higher than a year ago,” WANE reported on Monday, citing data from GasBuddy. Critics rushed to denounce Hassett’s remarks.“In any normal administration, a senior advisor to the President (basically) saying they don’t care that Americans are being harmed financially by something the President has done would resign before 5 pm today b/c the media outrage would be THAT extreme,” wrote one social media political commentator.“This is what this Administration of billionaires for billionaires really thinks. The consumer is an inconvenience,” said Democratic congressional candidate Fred Wellman. “It has been clear all along that consumers, aka the American public, are the least of this administration’s concerns,” observed Jared Ryan Sears, who writes at The Progressive Capitalist. “Fits right in with claiming that affordability is a hoax, as Americans are draining their 401ks and savings trying to stay afloat. Pretending the economy is good is a joke. Instead of creating jobs, the US has been losing jobs over the past 10 months, and GDP growth was just 0.7% last quarter. Trump has ruined the economy.”The New Republic’s Greg Sargent called Hassett’s comment “an extremely serious political blunder” that “will end up in a lot of Dem ads.”“If Republicans were trying to lose the midterms on purpose, they wouldn’t need to change a thing,” wrote podcaster Hemant Mehta.

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