Posted on 04/07/2025 4:23:00 AM PDT by ChicagoConservative27
During an appearance on NBC’s “Meet the Press” on Sunday, Treasury Secretary Scott Bessent insisted President Donald Trump’s economic plan would be a net benefit to the U.S. economy.
Among the positive impacts he offered were reindustrialization, a revitalized private sector and higher wages.
Transcript as follows:
WELKER: It’s great to have you back after a very big week. Let’s start with the market reaction to President Trump’s announcement of his tariffs. As I just laid out at the top of the program, the markets lost more than $6 trillion in value. Was this disruption always part of the plan, Mr. Secretary?
BESSENT: Look, the — Kristen, markets are organic. They’re animals. I mean, you never know what the reaction is going to be. One thing that I can tell you, as the Treasury secretary, what I’ve been very impressed with is the market infrastructure, that we had record volume on Friday and everything is working very smoothly. So, the American people — they can be very — take great comfort in that.
(Excerpt) Read more at breitbart.com ...
Made in USA
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NO TARIFFS!
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That was Easy !
Let's hope what he and Trump are doing will give us the results that he describes.
Call me a skeptic. I think it is an overreach and has the potential to end in disaster -- which could sink Trump.
Let's hope I'm wrong!
>> Call me a skeptic. I think it is an overreach and has the potential to end in disaster — which could sink Trump.
Just Wars are risky, but necessary.
He is 100% right. But we need like three or four presidential terms to do it. Will we get it?
I like the plan, but getting native-born Americans to work in factories will be tough. We’ll need to import immigrants to do the jobs American’s don’t want to do.
It is a risk. But the opportunity cost of status quo is very high. This is an economic version of shock and awe.
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