May 8, 2026
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8:30Now PlayingDonald Trump official Kevin Hassett's desperate defense of the economy on Fox News instantly backfires as CEOs expose the Trump administration's BS over financial consequences. Yasmin Kahn and Brett Erlich break it down on The Damage Report. Leave a comment with your thoughts below!
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Trump official boasts that Americans’ credit card spending is ‘through the roof.’ That’s far from a good thing
"A senior Trump official has boasted that Americans’ credit card spending is “through the roof” as millions across the country grapple with soaring costs of living including high gas prices, a slow job market and inflation.
National Economic Council Director Kevin Hassett made the stunning remark to Fox News Wednesday in response to an initial question about the jobs outlook for the rest of the year.
After stating that the jobs market is going to be “very, very strong,” Hassett, the president’s top economic advisor, continued: “In fact, I had the head of one of the big five banks in my office yesterday going through the credit card data."
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