Posted on 07/27/2025 10:25:18 AM PDT by John Semmens
Treasury Secretary Scott Bessent went on Mornings with Maria on the Fox Business Channel to tout the stimulating effect Trump's economic policies are having on business investment, saying "the tariff is bringing back manufacturing to the US and the tax reforms in the One Big, Beautiful Bill are encouraging businesses to invest more. By allowing businesses to fully deduct costs for improved facilities and machinery rather than requiring them to be amortized over a longer period efficiency and productivity can be implemented more quickly. The way that countries get rich is through long-term investments that improve productivity."
"Another important step was deregulation," Bessant added. "We are making it possible to build things in America again. For years, if you wanted to build a factory, a pipeline, a transmission grid, you were held up for years by delays in getting government permission. President Trump has given a mandate that these permits should get out within a month. So America is building things again."
Sen. Bernie Sanders (I-Vt) called Trump's economic policies "capitalism run amok. He's loosening the controls that the government has used to restrain runaway prosperity. Not everyone is in favor of runaway prosperity. It doesn't benefit everyone equally. Those who invest more or work harder get a bigger share of the wealth that is created. The socialism that I favor puts equity ahead of prosperity. It is more important that the wealth be shared based on need rather than that it be multiplied by innovators and entrepreneurs who will try to keep too large of a share of what they produce. Voters will punish the Republicans for unleashing too much prosperity. That is the saving grace of our democracy."
Not all businesses will be helped by Trump's policies. Most notably, the so-called "green energy" projects that have been heavily subsidized during the Biden Administration will see harder times. Bessant said "the energy produced by wind and solar power costs far more than customers are willing to pay. They are also less reliable. The wind doesn't always blow. The sun doesn't always shine. Blackouts and brownouts are inevitable. On top of this, windmills and solar farms massacre millions of birds every year. Worn out windmills and solar panels end up as toxic waste. Those who want to buy these finicky and expensive devices should not be subsidized by the government."
I hope all those manufacturers coming back here doesn't have a need any electricity. The money we used to spend on the grid is going to Ukraine, apparently.
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July 27,2025 - Stargate, ChatGPT, and Big Tech's AI plans are already dying. (no juice to run them)
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