Wednesday He Said 4.3%. Thursday The Government's OWN Data Said Something Else.
リアクション
2026年07月03日
#HouseHearing #TerriSewell #ScottBessent
#Sewell #Bessent #GDP
Bessent Says 2.7% On Wednesday — His OWN Treasury Document Says Something Else
One number at a Cabinet meeting. One contradiction in his own department's paperwork. One day apart.
On June 4, 2026, Treasury Secretary Scott Bessent told a Cabinet meeting: "Real GDP has increased 2.7% over the last four quarters. Atlanta Fed GDPNow is forecasting 4.3% for this quarter." The very next day, the Commerce Department released official first-quarter figures — revised DOWN to just 1.6%, with the previous quarter coming in at only 0.5%, a quarter shadowed by the government shutdown.
Days later, Alabama Representative Terri Sewell sat across from Bessent in the House Budget and Ways Committee — holding an official document from his own Treasury Department.
💣 THE LINE SEWELL READ BACK TO HIM:
From Bessent's own Treasury Department statement: "Real GDP growth accelerated to an annual rate of 2.0% in the first quarter of 2026, REBOUNDING FROM THE 0.5% GROWTH at the end of 2025."
The same number Bessent left out at the Cabinet meeting — written into his own department's official release.
🔴 THE ACTUAL TRAJECTORY, QUARTER BY QUARTER:
✓ Q3 2025: 4.4% growth
✓ Q4 2025: 0.5% growth — the slowdown Bessent omitted
✓ Q1 2026: originally reported 2.0%, later revised DOWN to 1.6%
✓ CNN's headline on the revision: "Downward GDP revision complicates White House favorite talking point"
🚨 THE PATTERN THAT KEEPS REPEATING:
August 2025: Bessent told a national TV audience the economy would "really gain momentum" in Q4. It grew 0.5%.
June 2026, after the revision crisis: Bessent told CNBC the U.S. could hit "something with a 3 in front of it" by year's end — without reigniting inflation.
Same optimistic framing. Different quarter. Numbers still don't match.
Meanwhile: core PCE inflation sitting around 3% — above the Fed's 2% target — and the Iran war adding fresh pressure on gas prices and consumer spending.
A minister's own department's paperwork — contradicting the minister's own talking points, one day apart.
👇 Drop a comment below. Selective numbers or just optimistic rounding?
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#GDP #Bessent #Sewell #HouseHearing #USPolitics #BreakingNews #Accountability #Economy #Treasury #Inflation #TerriSewell #ScottBessent #BigBeautifulBill #Alabama #IranWar #GasPrices #TrumpEconomy #WaysAndMeans #CongressHearing #GDPCrash #TaxRefundScandal #MeidasTouch #WorkingClass #trumptariffs
#Sewell #Bessent #GDP
Bessent Says 2.7% On Wednesday — His OWN Treasury Document Says Something Else
One number at a Cabinet meeting. One contradiction in his own department's paperwork. One day apart.
On June 4, 2026, Treasury Secretary Scott Bessent told a Cabinet meeting: "Real GDP has increased 2.7% over the last four quarters. Atlanta Fed GDPNow is forecasting 4.3% for this quarter." The very next day, the Commerce Department released official first-quarter figures — revised DOWN to just 1.6%, with the previous quarter coming in at only 0.5%, a quarter shadowed by the government shutdown.
Days later, Alabama Representative Terri Sewell sat across from Bessent in the House Budget and Ways Committee — holding an official document from his own Treasury Department.
💣 THE LINE SEWELL READ BACK TO HIM:
From Bessent's own Treasury Department statement: "Real GDP growth accelerated to an annual rate of 2.0% in the first quarter of 2026, REBOUNDING FROM THE 0.5% GROWTH at the end of 2025."
The same number Bessent left out at the Cabinet meeting — written into his own department's official release.
🔴 THE ACTUAL TRAJECTORY, QUARTER BY QUARTER:
✓ Q3 2025: 4.4% growth
✓ Q4 2025: 0.5% growth — the slowdown Bessent omitted
✓ Q1 2026: originally reported 2.0%, later revised DOWN to 1.6%
✓ CNN's headline on the revision: "Downward GDP revision complicates White House favorite talking point"
🚨 THE PATTERN THAT KEEPS REPEATING:
August 2025: Bessent told a national TV audience the economy would "really gain momentum" in Q4. It grew 0.5%.
June 2026, after the revision crisis: Bessent told CNBC the U.S. could hit "something with a 3 in front of it" by year's end — without reigniting inflation.
Same optimistic framing. Different quarter. Numbers still don't match.
Meanwhile: core PCE inflation sitting around 3% — above the Fed's 2% target — and the Iran war adding fresh pressure on gas prices and consumer spending.
A minister's own department's paperwork — contradicting the minister's own talking points, one day apart.
👇 Drop a comment below. Selective numbers or just optimistic rounding?
👍 Like, Comment, and Subscribe for complete congressional hearing coverage
🔔 Turn on notifications for House Budget Committee hearings and economic oversight
#GDP #Bessent #Sewell #HouseHearing #USPolitics #BreakingNews #Accountability #Economy #Treasury #Inflation #TerriSewell #ScottBessent #BigBeautifulBill #Alabama #IranWar #GasPrices #TrumpEconomy #WaysAndMeans #CongressHearing #GDPCrash #TaxRefundScandal #MeidasTouch #WorkingClass #trumptariffs
