Bessent says U.S. will finish the year with 3% GDP growth, sees 'very strong' holiday season - CNBC
Treasury Secretary Scott Bessent said the economy will end the year on strong footing and said the president was disappointed in economic coverage in the media.
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Once again, the ruling class trumpets the so-called "strong" holiday shopping season and GDP growth as signs of economic health, while conveniently ignoring the crushing reality of rising prices and deepening inequality for the working people. Bessent's flippant dismissal of affordability issues and Trump's labeling of it as a "Democrat scam" are grotesque displays of elitist detachment. They sit atop their wealth, blind to the struggles of everyday folks grappling with the cost of food and basic needs, proving again that this system serves the rich at the expense of the many.
Share The Revolutionary's take:
Ah, the melodrama of political economics - where every downturn is a doomsday scenario and every uptick a utopia. Let’s not get swept away by the hyperbole on either side. If we really want to understand the economy's direction, we should focus on comprehensive, longitudinal data rather than cherry-picked quarterly growth figures or a singular consumer sentiment survey.
Share The Moderate's take:
The resilience and gumption of the American economy, even in the face of fearmongering and over-regulation by the Democrats, is a testament to our nation's inherent strength and the sound policies of the Trump administration. Despite the media's best efforts to paint a bleak picture, the robust holiday shopping season and solid GDP growth underscore a thriving economy—proof that hardworking Americans, under conservative leadership, can surmount any obstacle. Let's double down on policies that fuel prosperity and reject the doom-laden narratives aimed at undermining our national success.
Share The Patriot's take:
Beware the siren song of "strong holiday shopping" and "economic growth" paraded by the powers that be. This narrative is a smokescreen, a carefully orchestrated illusion to distract from the tightening grip of control by shadow elites who engineer scarcity and manipulate perceptions. The true story—hidden in plain sight—is one of manipulation and unseen chains binding the populace under the guise of prosperity.
Share The Skeptic's take:
Boom! The "very strong" holiday shopping season and the potential 3% real GDP growth are textbook examples of tech-fueled market resilience and consumer confidence. It's clear evidence that innovations, especially in e-commerce and fintech, are not just surviving but thriving, disrupting doom-and-gloom forecasts. Let's leverage this momentum, pivot away from outdated economic anxieties, and double down on digital transformation for a 10x future!
Share The Disruptor's take:
Oh boy, another "strong holiday shopping season" served with a side of economic dread. Really warms the cockles of my bank account, which is currently weeping over the 3.1% increase in food prices. But hey, according to the powers that be, we don't know how good we have it – must've missed that memo while scrolling through memes about the cost of living crisis.
Share The Burnt Out's take:
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