National Economic Council Director Kevin Hassett Weighs in on the Condition of the Economy, Warns Against Socialist Policies (VIDEO)

National Economic Council Director Kevin Hassett was on “Fox News Sunday” with host Shannon Bream to talk about the condition of the economy.

Hasset explained that the economy is doing well and that wages are up. He also said that people are still feeling the economic strain of inflation under the previous administration.

With some polls showing Democrats potentially gaining in the midterms, Hassett warned that DSA candidates’ policies would be very destructive to the country.

“Let’s talk about a couple of polls. On the condition of the economy, what folks told us is 76 percent of them say it’s fair or poor, and when we asked about their personal financial situation, the largest number came in from those who report they are falling behind,” Bream said.

“When can Americans expect relief?” Bream asked.

“We’ve already seen that real wages under President Trump, which is wages after inflation have gone up about a thousand dollars for the typical American middle-class family, and about four thousand dollars for the typical manufacturing worker or construction worker,” Hassett said.

“The prices went up so much under Joe Biden, we totally understand why people are still frustrated when they go to the grocery store,” Hassett continued.

“The bottom line is that if you want to have higher welfare for American people, that you need factory construction, you need lots and lots of job creation, and machine purchases,” Hassett said.

“We’ve got 83,000 or so people building new factories in the US because of Trump’s economic policies, and we’ve got the highest investment data that we’ve ever seen,” Hassett continued.

“As those factories turn on, then we are gonna have more construction jobs, more manufacturing jobs,” Hassett said.

“It’s promising and it sounds good for the future. People right now do not feel the benefits of that just yet,” Bream said.

“Our polling also shows us this, that when we asked folks, which political party will do a better job? They give a 9-point advantage to Democrats on the economy, 10 points on inflation and prices, 22-point advantage on income equality,” Bream said.

“Do you think there needs to be more of a message of empathy? We understand that you are struggling out there,” Bream asked.

“People absolutely are feeling legitimate problems when they go to the grocery store, which are problems that were created because of the runaway inflation of the previous administration,” Hassett said.

“Did anyone ask those people like, how do you think the economy is gonna work if it’s run by socialists? How do you think it’s gonna be if the government gets to run all the stores, and tell you what the price of everything is? What are you gonna do when the stores like in every socialist country, are all empty? Are you still gonna think that Democrats are the right choice for you?” Hassett asked.

Watch:

WATCH: Director of the National Economic Council Kevin Hassett on polls “did anyone ask those people ‘how do you think the economy is going to work if it’s run by socialists?’” pic.twitter.com/YpJieKTBFV

— Fox News Sunday (@FoxNewsSunday) August 9, 2026