Posted on 04/05/2025 11:42:31 AM PDT by SoConPubbie
Tucker Carlson interviews the fulcrum between Wall Street and Main Street in the MAGAnomic policy world, Treasury Secretary Scott Bessent.
Secretary Bessent notes the goal of the tariff plan, and the accompanying economic policy is to give the working middle-class a boost in wealth and simultaneous relief from bad policy that has exclusively benefited the investment class. WATCH:
Chapters:
0:00 Trump’s Tariff Plan
5:42 The Current State of the Stock Market
8:22 Will Americans See Substantial Tax Cuts Because of Tariffs?
13:16 How Much Money Will America Make Through Tariffs?
14:33 Bringing Manufacturing Back to the US
20:14 Tariff Pushback From Foreign Countries
22:16 Will China Retaliate?
25:42 How Will Europe Be Impacted?
33:12 Is the Upper Class Out of Touch With the Lower and Middle Class?
35:47 Bessent’s Biggest Worries
42:35 The Long Term Benefits of DOGE
46:17 The Corruption of the Federal Reserve
49:22 Why Gold Is So Critical Right Now
52:13 Zelensky’s Self-Sabotaging Negotiation Tactics
1:00:19 The Trump Administration’s Messaging About the Economy
Trump claims other countries are calling him looking to make deals he’s probably got to the end of April to get some wins on the board in trade deals before the GOP turns on him.
ping
This Treasury Secretary is himself a real treasure.
One characteristic of President Trump, is that he selects world class talent to work on behalf of America. For example, he has the richest man in the world working his butt off for us.
Scott Bessant is another prime example. That guy really knows how things work. He is a thought leader for this Administration on the economy and Government finances. Well worth listening to.
They are actively making major improvements to the American incentive structure - all the big levers at once.
Tariffs push away some degree of foreign production (and produce significant Government revenue), but simultaneously, powerful pull incentives are coming as well - lower taxes, less regulation, bringing a tidal wave of foreign direct investment.
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