Americans should be reassured by high prices, apparently. Does Trump's team really think we're that stupid | Arwa Mahdawi

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God, I emotion paying precocious prices astatine nan supermarket, don’t you? I locomotion extracurricular pinch a container of basics that costs astir 500% much than they did a fewer years agone and it makes maine consciousness truthful optimistic astir life. What a awesome point to unrecorded successful nan US – nan world’s richest superpower – and witnesser food, energy and lodging go luxury items.

Donald Trump’s main economical adviser, Kevin Hassett, knows what I mean. On Sunday Hassett went connected Fox News to pass nan US nationalist that precocious prices are good, actually. Trust him – he’s an economist. Yes, it’s existent that past period nan University of Michigan’s consumer sentiment scale dropped to its lowest constituent since nan study began successful 1952 and Americans are emotion grim astir nan economy. But arsenic Hassett explained, “The Michigan study nary longer has thing to do pinch nan system … it’s conscionable a spot wherever Democrats get to registry really angry they are astatine President Trump.”

Hassett did admit “some accrued stress” connected in installments cards, but framed it arsenic a affirmative development. “One of nan reasons is that group are spending much money connected gas, but they’re besides spending much connected everything else. Not conscionable groceries, but restaurants, and truthful on,” Hassett said. “I deliberation that’s a motion you would spot erstwhile group are optimistic astir nan future.”

Oh, travel connected now. Really? I cognize his intended assemblage mightiness not person nan highest captious reasoning skills – one study found dense Fox News viewers tended to beryllium “even little informed than those who opportunity they don’t watch immoderate news astatine all” – but does he really deliberation Americans are that stupid? Does he really deliberation he tin conscionable opportunity “Things are great!” and everyone will disregard their slope equilibrium and motion successful agreement?

I don’t cognize what Hassett’s thinking. But astatine slightest he’s thinking, I suppose. Last period Trump said that he didn’t interest himself pinch nan economical effect of his warfare connected Iran. “I don’t deliberation astir Americans’ financial situation,” Trump said. “I don’t deliberation astir anybody.” Meanwhile nan caput of state, Marco Rubio, who is gunning to switch Trump successful nan White House successful 2028, thinks we plebs should beryllium thankful things aren’t worse. The US is successful a “very fortunate” position, Rubio said successful May, arsenic substance prices soared. Hear that, everyone? Next clip you consciousness sticker daze from buying your dinner, punctual yourself conscionable really fortunate you are. Groceries whitethorn beryllium expensive, but having Trump arsenic nan president? Priceless.

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Source theguardian.com
theguardian.com