Treasury Secretary Scott Bessent appears on NBC to discuss the current MAGAnomic tariff program and global trade reset. Bessent outlines how the history of President Trump’s tariff approach toward China (’17-’19) did not result in higher consumer prices for goods from China.
Secretary Bessent, like the rest of the MAGAnomic team, cuts through the talking points with direct evidence and analysis that destroys the preferred media narrative. Video and Transcript Below:
[Transcript] – KRISTEN WELKER: And joining me now is Treasury Secretary Scott Bessent. Secretary Bessent, welcome back to Meet the Press.
SEC. SCOTT BESSENT: Kristen, good to see you.
KRISTEN 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?
SEC. SCOTT 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. And in terms of the market reaction, look, we get these short-term market reactions from time to time. The market consistently, the – underestimates Donald Trump. I remember that in 2016 the night President Trump won, the market crashed. The market crashed, and it turned out he was going to be the most pro-business president – the – in over a century, maybe in the history of the country, and we went on to very high after inflation returns for the next four years.
KRISTEN WELKER: Well, but this was the biggest two-day crash since the pandemic. And the president on Saturday urging people, quote, “to hang tough,” saying, “It won’t be easy.” And I guess the big question on people’s minds, Mr. Secretary, how difficult is it going to be? And how long are Americans going to have to “hang tough?”
SEC. SCOTT BESSENT: Well, again, I – I reject that – the assumption – there doesn’t have to be a recession, the – who knows how the market is going to react in a day, in a week. What we are looking at is building the long-term economic fundamentals for prosperity that I think the previous administration had put us on the course toward financial calamity.
KRISTEN WELKER: But just in terms of the uncertainty, I think, that people are feeling and seeing, and President Trump saying he wants people to hang tough acknowledging there’s going to be what he has described as a short period of pain. Can you help provide some clarity for folks? How long will this period of uncertainty be here? Are we talking about weeks? Are we talking about months? Are we talking about years?
SEC. SCOTT BESSENT: Again. This is an adjustment process. What we saw with President Reagan, when he brought down the – the great inflation and we got past the Carter malaise that there – there was some choppiness at – at that time, but he held the course, and, you know, we’re going to hold the course. And this has been years in the building, years in the making, you know, this unsustainable system – our trading partners have taken advantage of us. We can see that through the large surpluses. We can see this through the large budget deficits. And also, Kristen, this is a national security problem, which we saw during Covid. We saw during Covid that optimal supply chains are not resilient. And what I could say is the only good outcome from Covid is it was a beta test for what would happen if our supply chains got broken, and President Trump has given – has decided that we cannot be at risk like that, for our crucial medicines, for semiconductors — the — for shipping, and we are going to move forward so the American people can know that they are going to have a more secure future.
KRISTEN WELKER: And yet, President Trump promised that he was going to improve the economy starting on day one. He said prices are going to come down. More than 160 million Americans, Mr. Secretary, as you know, are invested in the market. Many of them have spent their lives saving for their retirement. What is your message to Americans who want to retire right now and who’ve just seen their lifetime savings drop significantly?
SEC. SCOTT BESSENT: Kristen, I think that’s a false narrative. Americans who want to retire right now, Americans who have put away for years in their savings accounts, I – I think they don’t look at the day-to-day fluctuations of what’s happening. And you know, in fact, most Americans don’t have everything in the market. Most Americans in a 401K have what’s called a 60/40 account. 60/40 accounts are down 5 or 6% on the year. People have a long-term view. They have a program that the reason the stock market is considered a good investment is because it’s a long-term investment. If you look day-to-day, week-to-week, it’s very risky. Over the long term, it’s a good investment.
KRISTEN WELKER: President Trump’s tariffs are being described as the biggest tax hike on Americans in decades. They could cost the average household thousands of dollars. Republican Senator Ted Cruz had this to say. I’m going to play it, get your reaction on the other side.
[START TAPE]
SEN. TED CRUZ: Tariffs are attacks on consumers. And I’m not a fan of jacking up taxes on American consumers.
[END TAPE]
KRISTEN WELKER: Do you acknowledge that President Trump’s tariffs will cause prices to go up on a range of goods?
SEC. SCOTT BESSENT: Well, Kristen, what I like is data. And if we look at the data from President Trump’s first term, and there’s a big study that just came out from a group of economists, mostly at MIT, that showed that a 20% – 20% tariff on China led to a .7% tax or price level increase over four years. I think that’s pretty good if we can take in 20% in tariffs and it’s a .7% increase. And Kristen, the – the little publicized story this week, everyone wants to look at the stock market going down. You know what else went down? Oil prices went down almost 15% in two days which impacts working Americans much more than the stock market does. Interest rates hit their low for the year. So I’m expecting the mortgage applications to pick up.
KRISTEN WELKER: Well, just to be very clear though, I mean, during President Trump’s first term, the cost to Americans was nearly $80 billion in new taxes due to his tariffs. Prices did go up on everything from washing machines to tires.
SEC. SCOTT BESSENT: Well, no, no, no. But let’s go back. The aggregate number was. 7. So we can discern the individual things. Also households saw real net wages go up. So if wages go up faster than prices, which is not what happened over the past four years, that’s why the bottom 50% got eviscerated.
KRISTEN WELKER: Let – let me ask you about your view. Because last January you wrote that, quote, “Tariffs are inflationary.” The Fed chair said the same thing on Friday that tariffs announced this week caused higher inflation. Have you expressed any concerns to President Trump directly that his tariff policy could be inflationary?
SEC. SCOTT BESSENT: No. What – what I’ve said is, “Tariffs are a one-time price adjustment.” So there- there’s a big difference between insipid, endemic inflation within the system and consistent price level increases and a one-time adjustment. But the other thing that we’re doing is we are raising wages for working Americans. We’re bringing down regulation. So, you know, there are estimates that regulations have caused the average household about $8,000. That when we get this tax bill through, then we will make the tax levels permanent. And – and again, the drop in the energy prices, the drop in interest costs, now, I – I think real after-tax wages are going to go up for Americans. And that’s what’s important.
KRISTEN WELKER: One of the big questions and points of confusion I think is are these tariffs permanent? Or are they a negotiating tactic? Some administration officials have said they’re permanent. President Trump himself has said he’s open to negotiating. So let me just ask you. Is President Trump willing to negotiate? Or are these tariffs permanent?
SEC. SCOTT BESSENT: Well, I think that’s gonna be a decision for President Trump, but I can tell you that, as only he can do at this moment, he’s created maximum leverage for himself, and more than 50 countries have approached – they have approached the administration about lowering their non-territory barriers, lowering their tariffs, stopping currency manipulation, and Kristen, you know, they’ve been bad actors for a long time, and it’s – it’s not the kind of thing you can negotiate away in days or weeks.
KRISTEN WELKER: You yourself have said that he’s using these for negotiating. He has told me directly he’s open to negotiating. So just very clearly for the American people: Can you say definitively, is he planning to negotiate? Has he already started negotiations with countries?
SEC. SCOTT BESSENT: Well, I – I – I think we’re going to have to see what the – what the countries offer, and whether it’s believable, because again –
KRISTEN WELKER: So, he’s open to it, is what I hear you say.
SEC. SCOTT BESSENT: The – no, no, no, it is – I think that we are going to have to see the path forward, because after 20, 30, 40, 50, years of bad behavior, you can’t just wipe the slate clean.
KRISTEN WELKER: All right. Let me ask you about one of the big questions. Recession, as you know, analysts say the chances of a recession are rising in the wake of the tariffs announced this week. Do you believe that President Trump’s tariffs are risking the chances of a recession?
SEC. SCOTT BESSENT: I – I don’t. And I think we could see from the jobs number on Friday that it was well above expectations that, you know, we are moving forward. So I – I see no reason that we have to price in a recession.
KRISTEN WELKER: Okay. Before I let you go, I know you’ve been one of the officials spearheading the efforts to get President Trump’s budget bill passed on Capitol Hill. It includes the president’s plans for tax cuts, extending the 2017 tax cuts, for example. Are you confident that the president’s budget bill will pass before the August recess?
SEC. SCOTT BESSENT: We are shooting for even a much earlier date. And Kristen, I – I can tell you the under-reported story in D.C. is, you know, it’s fun from our side of the aisle to watch the Democratic chaos. But the under-reported story is the Republican unity. And Speaker Johnson has done an incredible job with a small minority. He got reconciliation instructions out on the first try. He got a clean continuing resolution. Speaker Thune, the – the Senate issued the reconciliation instructions. So things are moving very quickly.
KRISTEN WELKER: Very quickly, President Trump called on the Fed chair to lower interest rates. Do you think that Fed chair Jerome Powell should lower interest rates?
SEC. SCOTT BESSENT: I – I – I think that when we see inflation dropping, that the Fed will do what it always does and lower rates. But in the meantime, what we can control is the longer-term rate, the ten-year rate which hit – hit a new low on Friday. That’s where mortgages are priced. That’s where long-term capital formation is priced. And, you know, back to the tax deal, when we can pass that, we will have economic certainty.
KRISTEN WELKER: Okay, we’ll be watching for that timeline you just laid out very closely. Secretary Scott Bessent, thank you so much for being here. We appreciate it.
SEC. SCOTT BESSENT: Thank you.
Cliff Notes Version:
She’s part of the lying CIA media that told us how wonderful the economic treason of “Free Trade” was going to be.
The Long Shadow of NAFTA
https://www.theamericanconservative.com/the-long-shadow-of-nafta/
Another fine example of the Uniparty with some CFR & Trilateral comrades present
Wow! That picture brings back 40 years of bad memories, bad government, total hypocrisy, and lies, lies, lies.
Goldman Sachs would be bailed out shortly after this treason with the Peso Bailout. CFR Clinton’s Fox guarding the henhouse sec of the treasury Robert Rubin was a Goldman Sachs comrade, can’t have Mexico default to Goldman Sachs. It was amazing how they got away with NAFTA but America was not as keen as they are now to the Uniparty political system.
Clinton could have put leans on PEMEX revenues at the very least to guarantee repayment for his MS Peso bailout,…. but Nooooo, the NYC Banksters were more important than US Tax Payers and US Govt Debt.
My apologies , DaPicayune ,
I accidently flagged Your comment without meaning to . My Bad .
As I recall, the peso was going up, up, up like an escalator, and when it crashed like an elevator, Sachs et al. were caught long when they should have been short. So much for Rubin being an acclaimed financial whiz. He couldn’t foresee Mexico devaluing their currency to make their goods more attractive on the open market after NAFTA.
NAFTA was sighed in January of ’94, the peso bailout was in the following December of that year.
Then, almost 4 years later came the Long Term Capital Management bailout. Greenspan said that the failure of LTCM would result in a catastrophic world-wide financial crisis–“too big to fail.” So, “it received a $3.6 billion bailout from a group of 14 banks, in a deal brokered and put together by the Federal Reserve Bank of New York.” (Wiki)
This pattern was repeated in the 2008 housing/banking crisis–banks never have to pay for their stupid investments or wild, unsecured speculations (w/e of Lehman bros in ’08), we taxpayers do. And no Big Bank banker is ever held accountable for any less-than-scrupulous dealings.
Yes!
“It’s the economy, stupid!” was the supposedly winning campaign slogan that put Clinton over the top against Bush.
Yet, Clinton was fully on board with Bush’s baby, NAFTA. There you have Gerald Ford and Jimmy Carter, too – so they got to be in on the party.
The string pullers behind uniparty get what they want, no matter if (D) or (R) control Congress and/or Presidency.
Exactly right Sue and keep in mind Bush & Clinton were Council On Foreign Relations members, an early way to figure out and realize the Uniparty Dialectic system by looking at the CFR membership list.
And the reminder that WJC is LEFT handed
I take that personally! I’m exclusively left-handed but as MAGA as you can get. Left-handers are right brained.
Sorry!
I know we cannot categorize people by appearance, etc
Should have put in a /sarc and or a 😂 .
Left handed people have had some advantages in history.
Judges 3:15-28 KJV
But when the children of Israel cried unto the Lord, the Lord raised them up a deliverer, Ehud the son of Gera, a Benjamite, a man lefthanded: and by him the children of Israel sent a present unto Eglon the king of Moab. [16] But Ehud made him a dagger which had two edges, of a cubit length; and he did gird it under his raiment upon his right thigh.
[17] And he brought the present unto Eglon king of Moab: and Eglon was a very fat man. [18] And when he had made an end to offer the present, he sent away the people that bare the present.
[19] But he himself turned again from the quarries that were by Gilgal, and said, I have a secret errand unto thee, O king: who said, Keep silence. And all that stood by him went out from him. [20] And Ehud came unto him; and he was sitting in a summer parlour, which he had for himself alone. And Ehud said, I have a message from God unto thee. And he arose out of his seat.
[21] And Ehud put forth his left hand, and took the dagger from his right thigh, and thrust it into his belly: [22] And the haft also went in after the blade; and the fat closed upon the blade, so that he could not draw the dagger out of his belly; and the dirt came out. [23] Then Ehud went forth through the porch, and shut the doors of the parlour upon him, and locked them.
[24] When he was gone out, his servants came; and when they saw that, behold, the doors of the parlour were locked, they said, Surely he covereth his feet in his summer chamber. [25] And they tarried till they were ashamed: and, behold, he opened not the doors of the parlour; therefore they took a key, and opened them : and, behold, their lord was fallen down dead on the earth.
[26] And Ehud escaped while they tarried, and passed beyond the quarries, and escaped unto Seirath. [27] And it came to pass, when he was come, that he blew a trumpet in the mountain of Ephraim, and the children of Israel went down with him from the mount, and he before them.
[28] And he said unto them, Follow after me: for the Lord hath delivered your enemies the Moabites into your hand. And they went down after him, and took the fords of Jordan toward Moab, and suffered not a man to pass over.
1st Chronicles 12 v2
Now these were the men who came to David at Ziklag while he was still a fugitive from Saul the son of Kish; and they were among the mighty men, helpers in the war, 2armed with bows, using both the right hand and the left in hurling stones and shooting arrows with the bow. They were of Benjamin, Saul’s brethren.
Judges 20 v 16
Among all this people were seven hundred select men who were left-handed; every one could sling a stone at a hair’s breadth and not miss.
Me too !! Exclusively left-handed. Totally MAGA since 2015 and Tea Party before MAGA.
I’m ambidextrous, but mostly use my left hand
I’d give my left hand to be ambidextrous.
I meant my left arm. Sorry
Transappendager.
That’s SINISTER!
GHW Bush AND Clinton were/are both left handed. So is Obama.
(No implications, just a statement of fact.)
IDK why I mentioned that, maybe it is just something that stuck in my head about WHC from decades ago.
Then we got BHO. I guess people did not remember WJC. The (D) have a knack for pulling obscure people out of the swamp and foisting them off on us.
Stupid voters go for them as long as they look good and have a nice smile, even though they are rotten to the core.
Let’s just say that there are even more right handed people up to no good in this world, as we are painfully aware of.
You are not alone in pointing out Clinton’s left-handedness. I remember in the ’92 campaign the media were quick to point out that for possibly the first time in history, both presidential candidates were left-handed.
And I must confess, I always take note of peoples’ preferred hand. No particular reason, I just have always been a keen observer of such, especially musicians who play fretted, stringed instruments (Paul McCartney, Slim Whitman, Dan Seals, Jimi Hendrix, Adam Steffey, et al.).
I guess I kind of figured that die hard leftists should also use their left hand.
Just like their cars should not make right turns!
😂
A portrait of evil!
Yowza!
NAFTA was a major part of Reagan’s campaign, unfortunately.
Actually, the only one who is/was doing good for America is Trump.
“The banks… have the regulation of the safety-valves of our fortunes, and… condense and explode them at their will.”
–Thomas Jefferson to John Adams, 1819
“Deficit spending is simply a scheme for the confiscation of wealth.”
–Alan Greenspan
Let’s Go Maestro!
A visual picture of a giant sucking sound of jobs and industry leaving the U.S.A.
Which is what Ross Perot predicted and what took place.
media
“Make Perot Great Again” – Mock and Bird
Bogus mockingbird Welker… Bessett didn’t layout any timeline, what a beech
It is interesting how much deference Welker thinks should be given to The Markets.
Sundance has posted several times on hos trillions are at stake in the changes Trump is making. Breitbart Business Digest had a similar take this past week which stated in part:
And then, right on cue, came Larry Summers—horrified that the White House might pursue a policy the stock market doesn’t like. “We don’t have these kinds of stock market responses in response to policies that the President of the United States is proud of,” he said in an interview with CNN’s Kasie Hunt. “That is something entirely without precedent.”
Well, not quite. Presidents have defied markets before, though not often. What was truly remarkable about Summers’ comment was what it implied: that stocks ought to have veto power over policy. That a few red ticks on a Bloomberg terminal constitute a rebuke from history itself. That the Dow is not just a barometer of sentiment, but a tribunal of legitimacy. One might have expected this kind of theology from a hedge fund newsletter, not from a Democratic elder statesman who once championed industrial policy and warned about financialization. But here we are.
https://www.breitbart.com/economy/2025/04/04/breitbart-business-digest-the-market-finally-realized-trump-meant-it/
The Markets (Wall Street, institutional investors, Chamber of Commerce, etc.) are accustomed to setting economic policy. Now they are slowly realizing Trump is going to set the policy to America First and ignore them.
Reminds me of Tubby Vindman asserting in the impeachment hearings that Trump should have followed the “foreign policy consensus” on Ukraine, instead of pursuing his (Trump’s) own policy.
Who does this man Trump think he is, setting economic policy, foreign policy? President or something?
Why yes, yes he does.
Very good, Wethal!
Good rant. Thanks.
Fattest infantry LTC since…well…Milley.
Wall Street globalists having to adjust to Main Street not being ignored any more is always an impossible hill to climb for the legacy media narrative engineers the likes of Kristen Welker, Margaret Brennan and George Stephanopoulos.
“The internet is a threat to democracy.” – New Woke Forward
Can’t he find someone other than a brain dead zombie to interview with? It’s such a waste of time.
Why it makes the joke of a mouse trying to have relations with an elephant, come to life.
Why does one member of the Trump administration give this despicable woman the time of day???
It’s the only way that the propagandized audience will ever hear from POTUS and his team. The leftists never dare to listen to the growing ecosystem of conservative, independent media.
I am hoping for hundreds of appearances by those who understand what is actually happening. It’s good for the audience to hear “rejection of narrative premises.”
Maybe to throw their lies back in their face and educate their audience.
She is NBC’s Sunday morning Propagandist.
The Insufferable Margaret Brennan is CBS’s Narrative Engineer.
Little Georgie StepOnAllOfUs is ABC’s Sunday Liar.
The Trump Team is unafraid to debate the Fake News BS artists every Sunday morning. It’s really an intellectually unbalanced contest, considering these three oh-so-predictable network lightweights sent out to fail every week.
Fabulous MAGA!!
She is, like all the other propagandists, insufferable.
God forgive me, but I can’t hate the media enough.
😂… the cliff notes version is classic SD.
Bessent is a great spokesman for PDJT & Kristen? She’s way out of her league.
Brennan strikes out.
Welker strikes out.
Batter up!
As usual Col. Macgregor is right on target.
According to Martin Armstrong Smoot Halley did not cause the depression. It came after the crash of 1929.
I like Macgregor but this may not be his specialty.
No fan of Ben Bernanke but I think he did get this right:
“According to former U.S. Federal Reserve chairman Ben Bernanke, the Great Depression was caused by the failure of the Federal Reserve System to prevent deflation,[4] and much of the economic damage was caused directly by bank runs.”
No doubt he was parroting Milton Friedman, who studied and researched the causes of the Great Depression for years. Friedman said the exact same thing years earlier. Had the Fed backed up the runs on the banks with hard currency, instead of allowing them to fail, the Great Depression could have been avoided.
No! The He is way out of his lane. His recent comments have caused me to lose all respect for MacGregor. He needs to study the timeline for the Great Depression and Smoot Hawley.
It seems like he read his ideas from a left-wing historical secondary source.
He also seemed to infer that N Korea is a proxy of Russia?
No mention of China having influence.
And that China is not expansionist?
I don’t have any of his cred on foreign policy but from my viewpoint, China seeks to go into a country and try to gain control of the utility production (often bringing in their own labor at the exclusion of the host country) which can lead to military presence/control.
Maybe there is some underlying motive for China appeasement that I don’t have a visual on.
The leverage Trump is utilizing to elevate the great unwashed was/is the same leverage RINOinc and Democrats used to line their own pockets at the expense of flyover country.
I watched most of Bessent’s interview with Tucker Carlson, and thought he came across really well. Impressive guy.
.
One. Just one. I want one of these guys to say to these pundits “Well, it certainly would be helpful if the media would stop talking down the market and stop talking up the hysteria.”
.
market
The boom/bust cycle is a threat to democracy.
Buy the rumor, sell the
newsads.-Google Sabotaged Its Own Search Engine to Boost Ad Revenue
https://threadreaderapp.com/thread/1906843928541729251.html
it’s not called “Meet The Depressed” for nothing.
why even go on Nothing But Commies POS show…
OMG, this woman is a ROBOT. Over and over again, she states and then restates in different words, the Democrat talking points about the Stock Market crashing, 401K’s gone, the world is ending, “how long does Trump want the country to suffer as he ends the world, Mr. Secretary? Is Trump going to kill all the cats and dogs, too? Will he also pull out the fingernails of America’s CHILDREN?” 🙄😖
Such a piece of trash “reporter”. She reflects the idiocy that is “ABC Communist-Democrat News”.
And this was a good performance.
It’s the end of the world as you knew it,
It’s the end of the world as you knew it,
It’s the end of the world as you knew it,
and we feel fine!!!
Welker, as we’d all expect, carefully poisons the well from the outset by citing the seemingly scary “six trillion in value lost” to kick the “interview” off. Blatant attempt at stoking fear rather than explaining something slightly nuanced like the equal weight S&P being down about 10% for the year.
I’ll take the Cliff Notes version, thank you!
The thing is, the msm collectively have NOT grasped that most of us are supporting (and cheering on) President Trump and his team and regardless of how hard they try to manipulate the narrative – THEY ARE FAILING!
I love Sec. Bessent: “I think that’s a false narrative”
I understand why it’s important to engage with the lying liars at Meet the Depressed on NBC or In Ya Face the Nation on CBS, but none of these many interviews carry any weight with the socialists unless the interviewee makes a misstatement. Then the socialists announce it far and wide and exploit it for maximum shock and awe for low IQ voters and Euro globalists.
It’s gonna take more than 72 days to unscrew the mess left behind by decades of graft, corruption, and incompetence.
NBC? Who?
This stock “Crash” is solely due to fear, speculation and certainly a selloff on overvalued stocks. It’s only a loss on paper. The “Global Corporations” are not shutting down.
The Crash of 2008 took out the housing industry, construction, real estate… Remember quantitative easing and all the golden parachutes that “to big to fail Corporations got” I owned my own business and got nothing.
Charles Gasparino
@CGasparino
BREAKING: There are some Wall Street traders (not a lot, but a few) who believe Trump is poised to cut a deal with China pretty quickly. Their logic: The Chinese economy is (if the reports are accurate) weak to crashing. It’s resorting increasingly to currency manipulation to weaken the yuan in order to keep its massive trade surplus. It needs access to US markets.
Cont…
“KRISTEN WELKER: But just in terms of the uncertainty, I think, that people are feeling and seeing,”
Feeling it, and believing it because of poisonous dwarfs like you, Mizz Welker!
I really like the way Bessent is able to stay on message!
MAGA
ALL ABOARD THE TRUMP TRAIN
The central banks, like our Fed, make their fortunes from inflation and war. That has always been the truth and still is. We the people have to know the Woodrow Wilson administration, against our own rules of monopoly, gave exclusive rights to banking to the Fed and it also became a bank of ‘issue’ – meaning it is able to create currency and coin, and by so doing, control’s both our nation’s money and credit. This too is a violation of our Constitution, which states in Article 1, Section 8, paragraph 5 – “Congress only has the authority to coin money and to regulate the value thereof.” Our Federal Reserve is a central bank and is tied to those in Britain and Europe and all are run by the same three banking families.
Tu, OE for posting this, although I think the importance will go over the heads of many.
Negativity
(Oh, for panic sake)
– must be pushed, “Mister Secretary”
When will someone tell these anti Trump opinion people to shove it? Just like this real ID BS! My Vietnam DD214 and Birth Certificate is all the real ID I need! They can all FKMA!
Speak directly to the American people, using simple graphics. Starve the MSM.
Useful Chaos of Uncertainty. 😁😁
https://xcancel.com/TheLastRefuge2/status/1908885226123587926#m
Yup….🤷♀️💁♀️
Wonder if those🤪in the back will
get the message.
😉 😉 Top right hand corner of the 4chan post😉😉
IKR?! 😆
She and her ilk in the media keep trash talking tariffs and how it’s going to be the end of America. That’s what caused the panic last week.
That’s exactly what they were shooting for. Infuse fear into the population and create a crisis. Then blame the crisis on Trump. It’s all so transparent.
It is disappointing that Texan Ted Cruz doesn’t appear to have a better understanding of tariffs and their role in Maganomics.
Snowdian Ted betrays his origins with that ignance.
Never forget that “Constitutional Scholar”, Ted Cruz, said that Trump supporters going to Trump rallies in 2016 and getting spat upon, threatened, beat up, and forced to walk the gauntlet past violent “protesters” was the fault of candidate Trump’s free speech. Trump’s words were inciting them to be violent against Trump supporters.
Also, don’t forget that at the Republican National Convention in 2016, Ted Cruz stood on stage and told the Electors that they should not vote for DJT and, instead, vote for “Never Trump” contrary to what we all voted for in our state’s primaries.
Cruz is a Conservative, PDJT is a Populist. Populists are outsiders to the Binary Hegelian Dialectic political system, known to most as the Uniparty system.
Two Wings, One Vulture; Mucha Mierda!!
Populism uber eux!!
Not defending Ted Cruz at all, but how can you tell from a 1.78 second soundbite?
Ted Cruz . . . you know, he might have done all right if he had launched a new career back there in 2016 when he was campaigning for the primaries down in Texas . . . he was even thought by some people to actually SOUND like Marty Robbins and wore cowboy boots . . . even sported those mutton chops like Marty Robbins did at one point. Did he ever actually explain why the mutton chops?
The following I wrote back during the primaries in 2016, while most of the candidates had dropped out, Donald J. Trump, John Kasich and Ted Cruz were still campaigning. It seemed to me that the RNC honchos who wanted to keep Trump out were going to plan for someone, anyone, to win this, not Donald Trump after the drubbing Low Energy Jeb took. I am glad to see that Sean Spicer and Marco Rubio both turned out to be good eggs – maybe Reince Preibus too because after all, President Trump chose him to be Chief of Staff in his first term – so I don’t want them to wind up lost at sea; back then Pierre Delecto was known as Mitt Romney and was and still is “Never Trump”. My thought was that this would be an elevator speech, pitching a movie idea:
“The Perfect Storm” part 2
Okay, so these guys arrange for a charter fishing boat to take them down around the Florida keys and purportedly do some deep-sea fishing – while they plan how to stop Donald Trump who is winning all over the place – John Kasich is tearing up the Rust Belt with wins, too – and Ted Cruz is crusading the border towns, surprising everyone with his ability to sing like Marty Robbins, he gets held over in Laredo for a gig –
oh, as this is top-secret, no girlfriends/wives or press people – no media types, but Frank Luntz is okay, as a guest of Lindsey Graham and John McCain –
a little down time for everyone as they head out to sea, with a George Clooney-lookalike as skipper –
Reince Preibus and Sean Spicer take up a nice location on the bow where they can put their lap tops and cell phones on top of a tackle-box and intermittently with Mitt, soak in some rays so they can return “tan, rested and ready”
John McCain tells everyone he will take the last watch and therefore needs to take his nap –
Lindsey is tired of mint juleps and wants to head down to the galley with Frank to find some limes for mojitos – they page Marco over the loudspeaker to show them what to do
after a few mojitos, Lindsey goes back on the intercom/loudspeaker button and regales his buddies and seagulls with his latest speech in Washington (he has it memorized, somewhat but he keeps repeating a certain part, something about bats)
at some point, they drift into the Bermuda Triangle –
I can’t stand to look at her and her Beetlejuice eyes.
I’m sitting here watching a NASCAR race thinking what a good feeling it is that President Trump has my back and the backs of all of us. A nice change from the previous 4 years.
After watching the three videos from legacy media, it occurred to me that the Sunday show beatdowns of media whores by administration officials might be part of a strategy to destroy what little credibility remains of ABC, CBS and NBC and their ilk. The other parts include WH press briefing beatdowns by Karoline Leavitt and President Trump beatdowns of stupid questioners at his press availabilities. We’re not even three months into a 48-month presidency and hits are being made from all sides at every occasion. Nice!
That’s thinking like a proper Conspirator for Liberty!
The MarxMerdia is a fully integrated element of the Derp State, which MUST be destroyed!!
It is quite obvious that global free trade was a scam perpetrated on the American people by the elites, who sought easy money and super-profits only achievable through labor market arbitrage. President Trump is right to at least try to upend the system, but shouldn’t he have started with a serious tax reform and made tariffs part of it as an additional source of revenue? He could still play this game and negotiate, but it would have created a nice cushion, a built-in hedge to protect the American people in case that prices rise.
Doing everything by executive fiat may be quicker, and way more efficient, but it is certainly not a long-term solution as it would allow the Democrats to quickly and easily undo all of it as they did in 2021.
Market infrastructure running smoothly was his go-to answer which he kind of stammered out. Ummm is that the algos, the naked shorting, the insane amount of rehypothecation going on? Granted he is DOT and not SEC but I was kind of hoping the markets would get cleaned up a bit under Trump. It’s been same old, same old thus far.
Ms. Welker’s economic advisor is AOC.
What aa beech. She was only interested in playing gotcha.
Good work Besssant. You are an excellent choice for this critical position.
I’m still trying to figure out why practically every Sunday show has some woman anchor who doesn’t have the IQ of a Gucci purse.
-6% last week…..
still gonna hang in there…..
A few years ago the GDP declined for two calendar quarters in a row. That is the textbook definition of a recession. But because Biden was in office the economic “experts” bent themselves into pretzels to deny it was actually a recession. They even changed to definition to fit what they didn’t want to say.
That was then.
Bessent said there doesn’t need to be a recession and there does not need to be one. But now that PDJT47 is in office any suggestion of a slowdown, real or imagined or fabricated is going to be labeled a recession if not a new great depression. Welker was already pushing in that direction.
Leftists are actually wishing and hoping for a recession, just like they wish for a trade war, just like they wish and hope for WW3. Evil.
TDS Influencers have been doing that since NeverTrump 1.0
Crossfire Hurricane 5: Build Back Burdens
Maher: “I’ve been hoping for a recession – people hate me for it – but it would get rid of Trump.”
Barro: “Recessions are really bad. People lose their jobs and homes and we shouldn’t wish for it.”
Maher: “I know. It’s worth it.”
I believe the textbook says 2 quarters of negative growth, not 2 quarters of declining growth. Biden cooked the numbers to avoid negative growth by hiring massive numbers of federal employees so that they could have better jobs numbers to quell the bad growth numbers. It also allowed them to claim the economy was great when it wasn’t. It was also another way to get cash into the economy.
Think about this in the context of Trump firing all these probationary federal employees. Has anyone ever asked why so many in probationary status? They bought voters with jobs where they didn’t have an office or any tasks to perform.
I like listening to Secretary Treasury Bessant, along with President Trump’s other cabinet members. He really knows how to pick the best and the brightest when he is left to his own devices.
Keep fighting the Globalists. Tariff Away!! It’s all good.
The left is trying the great scare scam like they did during the Fake Chi-Com Flu Scam.. Don’t buy into it.
Oh geez. Khristin W was born yesterday I guess. Uh, how about Enron, the market crashing in 2008 when Obummer came in? Ya know when the US population with investments in the stock market lost trillions over a weekend mind you. I haven’t forgotten.
Banks got paid back for their losses. No one else did. And I don’t believe Ken Lay is dead.
I like Bessent a lot. Have really enjoyed how much he has been speaking this weekend. Particularly with Tucker Carlson.
Wish I knew how to portray Kristen as a creature that is FERAL. But the Penguins work for me. Thanks.
“People accept the facts which come to them through existing channels. They like to hear new things in accustomed ways. They have neither the time nor the inclination to search for facts that are not readily available to them.”
–Edward Bernays
Some investors may not be able to hear through the hate-screech and virtue-signal-fake.
https://truthsocial.com/@realDonaldTrump/posts/114259768729566000
Derek.
@SuitablePolitic
Bessent was hired to strengthen the dollar by doing the opposite of all the warning signs he saw in the British Pound.
Inflated housing markets, treasury yields, etc. all pointed to the big short that the Soros fund pulled off.
Bessent’s obsession with the prices of homes and the interest rates on treasury bonds isn’t just rank populism.
He’s looking to strengthen the leading indicators of a currency.
Cont…
Insurrection Barbie
@DefiyantlyFree
Scott Bessent is one of the world’s most highly respected macro hedge fund managers. He focuses on broad economic trends, and how they affect global markets. No one understands markets like him. He is literally known for his ability to make strategic high-conviction bets in global markets.
The other thing Bessent is known for is being able to balance aggressive risk by diluting it with careful analysis and proper hedging strategies.
Cont…
Tariffs are reciprocal in the announcements. How is this not a dynamically adjusting tariff policy? There’s nothing permanent about a dynamic tariff policy.