Kevin Hassett
speaker
2,210 appearances
195 recordings
16 series
first heard Oct 2024
last heard 10 Aug
Kevin Hassett’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 154 in all, peaking in May 2026 with 38.
Appearances
I had promised based on our modeling.
And the president had promised at all his speeches that we'd get about $4,000 of an increase in real wages.
And I had actually told him, based on our modeling, it was between four and eight.
If it was you, you would have said six.
But he wanted to under-promise and over-deliver.
And then we got the six increase in real wages.
And so therefore, things were affordable.
And then for the Biden four years, the real wage decline is like, depending on which measure you use, $2,500 to $3,000 or a little bit more.
And so real wages went down, which meant that wages
went up slower than prices, which is kind of typically a key feature of most Keynesian models, is that wages are kind of stickier than prices.
And so that real wage decline means that things, people are right to say that there's been a problem with affordability.
And, you know, real wages are up this year in part because of the things that we're doing.
But if you were to...
be as fiscally irresponsible as the previous Congress was, then you would for sure see inflation go up and affordability jump back into being like the change in affordability as bad as it was before.
The thing is though that we've,
Basically, so far this year reduced the deficit for just this year by, I think it's 390 billion now.
Calendar year.
It's actually like a weird thing that she's right about the calendar year.
The fiscal year, the previous fiscal year numbers don't look as good, but it was because in the first quarter of the previous fiscal year, Joe Biden was shoveling money out the window.
And so about 40% of the deficit came from that first quarter because they were shoveling money out the window.
Showing 1521–1540 of 2,210 · page 77 of 111
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