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BREAM: The Journal says percentage of delinquent credit card balances is 13%, the highest in 15 years. People are using them for necessities. Your message to them? HASSETT: We talk to CEOs of the credit card companies all the time, and there's not any threat to them. People are taking a bit longer.

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Q: What is your message to Americans having a hard time economically? A: There's no threat to the credit card companies Thank goodness the credit card companies are safe! I was worried they wouldn't be able to afford to eat next month! As for Americans having difficulty, let them eat cake!

This guy says so much blazingly-contrary-to-fact nonsense every time anybody interviews him that I can't believe it's anything but deliberately choosing to always make Trump's obviously bad policies sound as good as possible. Natural Stupidity isn't that consistent.

Prerequisites for a 47 administration Position: 1. Kiss trump’s ass 2. Lie to the American people while kissing trump’s ass 3. Pledge undying loyalty to kissing trump’s ass. 4. Cruelly address policy, as long as you kiss trump’s ass. 5. Kiss trump’s ass more. 6. Don’t stop.

I almost want something terrible to happen to one of his family members, just to see whether it's possible for him to appear in public without that damned smirk. I absolutely hate what these people have done to my charity towards my fellow humans, is what I'm saying.

Gods Hassett has an eminently punchable face. Did he actually listen to the question? Bream was talking about the credit consumers, not the CEOs, you fucking cockwomble.

Thank god that National Economic Council (NEC) director is concerned that the nasty loser common people could be a threat to the credit card company CEOs and is looking out for them. Fortunately for America people aren’t going bankrupt at a fast enough rate to affect Epstein Class profits.

Oh good. I was worried about those banks and their ability to give bonuses to their C suite employees. If this measure only means poor people are suffering, that's terrific news!

It’s not just poor people in trouble, they are unemployed people looking for jobs and not finding them in every socioeconomic category that are now living off credit cards…

*violent pinging* THIS GUY IS A TANK. DO NOT DPS THE TANK. WHAT ARE YOU DOING. FOCUS ON THEIR HEALERS, NOT THE DUDE WITH A GAZILLION HP AND DEFENSIVES. DO NOT TUNNEL HIM. HE TAKES NO DAMAGE.

Republicans have to be the most transparent and honest politicians ever. They so obviously only give a fuck about rich people and want everyone to know it. Because they also know that as long as they deliver a constant stream of hate, racism, misogyny and culture wars, they will keep winning.

I worked at Amex during the 2008 bust; individuals and companies going delinquent on their bills took them into bankruptcy, requiring a federal bailout

Not a problem at all. The credit card companies make even more money when people are behind on their payments with late fees and penalties. It’s a profit bonanza… for the credit card companies.

I read “message to them” as in the people who are using cards for necessities. Not “them” as credit card companies. The answer here shows where the concern lies. It’s insane.

Cool. People who could never earn another penny and still live the rest of their lives in more luxury than most of us can imagine don't feel threatened by people going broke while not paying back their debt. This isn't really a surprise. I worked for Capital One and never will again.

The cc companies make out like bandits when people take longer to pay. Optimism keeps them doing whatever is necessary to stay afloat until they realise that they have no access to anything of substance and must declare bankruptcy. The cc companies will remain solvent and the CEOs happy.

“We talk to people all the time (as he brushes he teeth in the morning looking at a mirror). People say Trump is amazing. They’ve never seen an economy so hit before.”

BREAM: An out- of- control driver just ran down a huge group of people! HASSETT: Yeah but we talked to the driver and there’s very little damage to his car, so it’s all good.

Pretty sure no one is worried about a threat to credit card companies. Once people start raking up late fees and in in over their heads there’s no way out. Credit card companies love this.

In Canada, the 90 day delinquency rate on non mortgage debt is 1.77% and has actually gone down year over year among 18-25's. Instalment loans are highest and credit cards are 0.78% delinquent over 90 days.

“But the minute this credit card companies do start losing money, we will make sure Congress appropriates billions to cover their losses because it would crash the economy”….🤬🤬🤬🤬🤬🤬🤬🤬🤬🤬🤬🤬🤬🤬🤬🤬🤬

I’m finally at a point where I can pay off my balance each month. It’s a luxury to not have that debt. But I know what it’s like…paid interest and late fees for years. 😡

Same with Bessent - who simply amazes on how he got so f'n, filthy rich. Bessent actually worked for/with George Soros at one time. Cannot even imagine how an openly gay man can work for this admin. And yeah, absolutely, Chaunce was both benign and consequential. Wonderful story, 'Being There.'

Way back in the 90's, had the privilege of working with its DP, Caleb Deschanel, on a few commercials. Probably the very best in the business. A joy to watch him work, his assessment of light & lighting. Remain a huge fan of virtually everyone in the film & everyone who made it. A masterpiece.

This administration is out of touch with the economy. They think the stock market valuations are an accurate reflection of the economy. The two aren't directly correlated. The CAPE ratio for stocks is very over valued. This economy is a bug in search of a windshield.

You could not get a better indication of how this administration thinks. This was a question about regular people going into credit debt and Kevin Hassett's first thought is about the CEO's of the credit card companies. This tells you all you need to know.

Some people are made for politics. Some are clueless about politics. Some are just clueless. Effing loser, another loser gave you this sweet job. Zero accountability, zero ability, he's just a zero. Some day & my money is on sooner rather than later, the revolution is going to tear you a new one.

Meh, they know that Trump will just bail them out. It’s not that much of a concern right now. Might be this November or in 28, but not today.

I'm sure it is. But can you imagine how terrifying it is for the families who have to use credit cards to buy groceries or pay bills, knowing they can't pay off those credit cards? That's the issue this guy needs to focus on.

I believe you. People's credit scores are gonna start taking a dive if they want to purchase anything big- like a home or leasing apartment; just terrible.

Right? Who are these people in this administration??? Americans are tapping on Credit for necessities to live in this economy Trump has created-- my goodness.

Hassett: "We talk to CEOs of credit card companies all the time" and there's "no threat to them [CEO salaries]" Hey Hassett, way to show who the republicans are really concerned about=CEO salaries not decreasing and only increasing

Funny (not) now he interprets "Your message to them?" ... "them" being executives at credit card companies not the actual citizens being impacted. We know exactly where this admin's loyalty lies.

Of course no pushback from the propaganda trump channel. They/the chief thief never cared about regular Americans, its all about the donor class. Maggots are too brainwashed to know whats happening to them.

Glad they talk to the CEO’s of credit card companies and the banks issuing the cards. Next conversation should be to suspend late penalties and the lowering of interest rates. No bank or credit card company should profit on the backs of Americans struggling due the failed administration policies.

Why do they still allow this guy on TV? It's one thing to be a combative asshole like the rest of this administration, but this guy is just a smiling idiot who tells you not to believe your eyes or the polling or the financial reporting and keeps predicting 6% growth. Who is this for?

It should be illegal to charge CC interest on grocery purchases. Same for a “base amount of fuel” to get to their jobs. Is there a place for regular folks to register that their wages have not gone up with prices. Maybe…call congress or Trump? Oops! No help there! Sorry…

In a breathtaking moment of accidental honesty, Hassett misunderstands the question “what does delinquency mean for Americans suffering from increased costs?” He reframes the question because he’s not capable of acknowledging that we exist - only corporations matter. Can’t wait for the Dem ads.

When I worked in collections for an auto credit company in my past life, if delinquency (DQ) rate went above 3% for 2 weeks in a row, everyone including managers had to come in every Saturday mornings and get on the phones and harass late payers until DQ dropped below 3%