Liberal Forum
Archive
‹
No Holds Barred Political Forum
‹
The Gorgeous Bathysphere - SS Trump Administration
“I got sick of hearing about this K-shaped economy,” Mr. Bessent said on CNBC on Tuesday. “I can say here definitively, the K-shaped economy is over.”
The Treasury secretary said that the economy is now no longer K-shaped but is forming the letter “C” — with wage gains among the bottom quarter of earners starting to outpace gains among the top fourth of earners. Dismissing downbeat consumer sentiment as a function of misinformation about the economy, Mr. Bessent said that Americans would soon start experiencing relief as a result of the tax cuts that Republicans enacted last year, a message he and other administration officials have been delivering for months.
https://www.nytimes.com/2026/08/05/busi ... e-gap.html
I guess that answers this question....
viewtopic.php?f=3&t=66125
https://youtu.be/drnBMAEA3AM?feature=shared
The Treasury secretary said that the economy is now no longer K-shaped but is forming the letter “C” — with wage gains among the bottom quarter of earners starting to outpace gains among the top fourth of earners. Dismissing downbeat consumer sentiment as a function of misinformation about the economy, Mr. Bessent said that Americans would soon start experiencing relief as a result of the tax cuts that Republicans enacted last year, a message he and other administration officials have been delivering for months.
https://www.nytimes.com/2026/08/05/busi ... e-gap.html
I guess that answers this question....
viewtopic.php?f=3&t=66125
https://youtu.be/drnBMAEA3AM?feature=shared