Kevin Hassett: The Polls Saying Our Economy Is the Worst Since the Great Depression Is Inconsistent with What I’m Seeing

EXCERPT:

HASSETT: “And it’s really uncertainty about losing your job that has the biggest impact on people’s attitude towards the economy and their spending behavior. And so, we’re seeing, you know, really almost healthy, healthy spending. A very, very good holiday season coming. The bank — the CEOs come to my office and talk all the time and they’re not seeing default. They’re seeing people willing to buy. And all of that is inconsistent with the polls that say, oh, the economy is, like, the worst since the Great Depression. So, my view is that the strength of the economy is visible. It’s perhaps so visible that you’re seeing a little bit in the inflation numbers and that the people see that and that you can — is reflective, really, of their behavior.”