Sec. Bessent on the Economy: Just Like in Trump’s First Term, We’ve Seen 5.5% Real Wage Gains for the Bottom 25% Earners, 4.7% for the Median Earners

RUSH EXCERPT:
BESSENT: "I have said that it’s like a medical trauma, the beating that Main Street took under the Biden Administration. First we had to stop the bleeding. I think we’ve done that and now I think we’re in the recovery phase but look, it’s been a big hole to dig people out of and there are two ways to do it. We had terrible inflation, 21.5% during the Biden years probably more like 35 for the package of goods and services that working families buy rent groceries insurance so we have tried to stop price increases core inflation remains very quiescent. We’ve had a blip up here over the past five to six months in energy prices so one side is containing costs, the other side is seeing real wage gains just like in President Trump’s first term we have seen 5.5% for 25% of earners 4.7% inflation at 3.5 and I think we’re in the middle of a real wage growth and then I also run the IRS And, you know We could see that other president for signature tax policies especially no taxes on tips No Tax On Overtime and reduce taxes For seniors on Social Security That tax refunds were up about 11% What doesn’t measure is people who actually had to pay taxes last year got a refund this so think it was much higher."