… data show that spending among lower- and middle-income households has converged toward levels at the top as they lead labor market gains.Once again, the professor has come up short…
— Treasury Secretary Scott Bessent (@SecScottBessent) August 19, 2026
His latest screed is an impressive display of economic prestidigitation.
He concedes that wages are growing faster for low-income workers and then attempts to bury that dispositive fact beneath nearly 2,000 words.
Bank of America… https://t.co/JGSZt09dRf
Professor Reich has a documented history of “inventing dialogue” when the truth doesn’t fit his narrative, a habit that forced him to rewrite his memoir after the media exposed his fabrications. Burger King appears not to be the only one who peddles “Whoppers.”
As I do not like “punching down,” this will be the last response to his four-decade pattern of packaging falsehoods as fac
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