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BOMBSHELL: White House Economist Hassett Admits Wages LOST to Inflation for 'Last Two or Three' Months—Then Calls It a Boom

Gary FranchiOctober 22, 20261 views
White House economist dismisses wage stagnation amid rising inflation.
White House economist dismisses wage stagnation amid rising inflation. | Next News Editorial Illustration
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Kevin Hassett just did what no White House economist should ever do—he told the truth by accident. Under direct questioning from Steve Kernen, the National Economic Council director admitted that American wages have trailed inflation for "the last two or three" months straight. Then, with a straight face, he called the economy a boom.

The exchange is the entire fight in one soundbite. Kernen pressed Hassett on how many consecutive months wages underperformed inflation. The answer came from the man himself: "It was the last two or three." That is not boom talk. That is a paycheck losing ground while the consumer price index runs at 3.7 percent. Working families do not need a doctorate to understand what that means at the grocery register or when the rent comes due.

The Podium vs. The Pantry

A Fox poll finds fewer than one in four rural voters happy with this economy. Hassett's response? He waved them off with vacation bookings and airline boarding passes—a credentialed economist explaining away the cost of living with a travel itinerary. Tell me why one job no longer carries a family, and you will find the real boom lie busted. The divide between the podium and the pantry has never been wider.

President Trump took that same poll and did not lecture. He said after the Iran war ends, oil will drop like a rock—a small price to pay. Green-room talk versus a president who names the cost in plain terms. Trump then answered with his own money, announcing he has spent or will be spending over 400 million dollars by Election Day, with more than 300 million already out on advertising, voter contact, and election integrity. He said it plainly: we will never become Europe.

"France has no growth; its social programs are brutal," Trump said.

The contrast could not be starker. The Beltway economist defends a boom from a green room while the president spends a personal fortune to keep this country from becoming France.

The Receipts Are On The Record

The exact on-air exchange is the climax. Kernen asked how many straight months wages underperformed inflation, and Hassett delivered the confession himself: "It was the last two or three." That is a paycheck losing ground while fewer than one in four rural voters believe the spin. The credentialed class has decided what working Americans are allowed to feel for too long.

No more boom talk from podiums until the wage numbers match the grocery receipts. The pain is real, the spin is not, and the receipts are finally on the record. Watch the moment the White House economist craters on camera, and ask whether the boom story survives contact with a grocery receipt.

Show up and vote red down the entire ballot. The alternative is a country where economists tell you the economy is booming while your wallet says otherwise—and expect you to believe the PhD over your own eyes.

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Gary Franchi
Gary Franchi

Chief White House Correspondent at Next News Network. Executive Producer and Lead Anchor.

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Comments (8)

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G
GraniteStateGalVerifiedjust now
Honest question, does anyone actually believe the official inflation numbers reflect what they're paying at the register? Feels like they're measuring a different economy than the one I live in.
F
FedUpFrankVerifiedjust now
They change the basket and the weighting whenever it suits them. The real number is always worse than the headline.
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RealTalkRandyVerifiedjust now
My wife and I both work full time and we've cut back on eating out, canceled two streaming services, and still feel squeezed every month. Boom for who exactly?
L
LibertyMike1776Verifiedjust now
So Hassett admits wages lost to inflation for two or three months and then calls it a boom in the same breath? This is exactly the kind of doublespeak people are sick of.
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PatriotSamVerifiedjust now
Right, they know the numbers don't add up for working families but they have to keep selling the narrative.
C
CommonSenseCarolVerifiedjust now
Two or three months my foot, my grocery bill has been climbing for over two years.
D
DeplorableDanVerifiedjust now
FINALLY someone in the admin slips up and tells the truth. Bookmark this one.
W
WyoConservativeVerifiedjust now
The word 'boom' used to mean rising real wages and cheap money. Now it apparently means 'your paycheck buys less but the GDP chart looks nice.' Language has been completely captured.