Commerce Secretary Howard Lutnick offered a baffling take on the current state of the economy and its impact on household incomes during a Tuesday appearance on Fox News.
Speaking to former Trump top aide Kellyanne Conway on Hannity, Lutnick insinuated that the 4.3 percent GDP growth seen in the U.S. economy during Q3 corresponds directly to a 4.3 percent increase in people’s incomes.
“What that means is that Americans overall—the all of us—are going to earn 4.3 percent more money,” Lutnick claimed. “We’re making a raise. It’s a simple way to do it. We’ve got more jobs, lower energy costs, and lower interest rates coming.”
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