Trump Advisor Calls Rising Credit Card Debt “Good News”
From Watchdog on Wall Street with Chris Markowski by Finance, Investing, & Markets
May 7, 2026 · 2 min
About this episode
Kevin Hassett discusses the implications of rising credit card debt and its perceived connection to economic strength.
LISTEN and SUBSCRIBE on: Apple Podcasts: https://podcasts.apple.com/us/podcast/watchdog-on-wall-street-with-chris-markowski/id570687608 Spotify: https://open.spotify.com/show/2PtgPvJvqc2gkpGIkNMR5i WATCH and SUBSCRIBE on: https://www.youtube.com/@WatchdogOnWallstreet/featured Top Trump economic advisor Kevin Hassett sparked backlash after praising soaring credit card spending as a sign of economic strength. Critics argue it’s not prosperity — it’s Americans going deeper into debt just to cover essentials like gas and food, while interest rates and balances keep climbing.
People in this episode
Host: Chris Markowski
Guest: Kevin Hassett
Topics covered
- credit card debt
- economic strength
- consumer spending
- financial commentary
- debt crisis
Keywords
- credit card debt
- economic strength
- Kevin Hassett
- consumer spending
- financial news
Mentioned in this episode
Organizations: Apple Podcasts, Spotify, YouTube
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