Treasury Secretary Scott Bessent appears on Meet the Press to debate Kirsten Welker’s formatted corporate media talking points.  The source of most American division is found in the behavior of the media.

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 be with you today.

KRISTEN WELKER: It’s great to have you here in person. Thank you for being here. I want to start right there on the discussion of affordability. You just heard Vice President JD Vance ask people to have, quote, “a little bit of patience” with the administration. Let me ask you, Mr. Secretary, how long do Americans need to be patient? How long do they have to wait for the cost of living to come down?

SEC. SCOTT BESSENT: Well, Kristen, in March of 2024, I – I wrote a piece, and I talked about the three I’s that were killing Americans: immigration, interest rates and inflation. The president’s closed the border, and the mass immigration is gone. And that was putting – a lot of the immigration was putting upward pressure on housing, downward pressure on wages. Interest rates are down. And now we are starting to see the affordability – we – the prices get better. We had a very big October for home sales. Energy prices, gas – gasoline is down. We saw – we believe health care is going to come down. We will see an announcement this coming week on that. And so across the board, prices are starting to come down. We’re having Thanksgiving week. This will be the lowest cost for a Thanksgiving dinner in four years. Turkey prices are down 16%.

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The govt shutdown made a mess of the economic data surveying and statistical analysis generally needed for accurate snapshots of the economy. However, the Bureau of Labor and Statistics (BLS) was able to release the September jobs report data {SEE BLS REPORT HERE}.

The geopolitical trade reset continues delivering domestic economic fluctuations, as each sector and specific international dependency reacts to President Trump’s shifts and turns in targeted economic policy.  The September jobs report caught the economic pundits off-guard, as it showed a much bigger gain in jobs than they expected.

As noted by MSM, “The US added 119,000 jobs in September, far more than the 53,000 economists expected, and unemployment unexpectedly increased to 4.4% from 4.3%.”  President Trump’s immigration enforcement continues to capture and remove illegal alien workers from the U.S. economy. This is also driving up domestic wages.

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President Donald Trump and Saudi Arabia Crown Prince Mohammed bin Salman attended a U.S-Saudi investment forum and delivered remarks to the assembled business audience.

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Mohammed Bin Salman (MbS) is a forward thinking change agent for Saudi Arabia and the region.  As a key strategic ally Crown Prince Mohammed Bin Salman and President Donald Trump have a strong personal and geopolitical relationship.

MbS and President Trump hold a bilateral discussion in the White House and open the conversation to the press pool. MbS is a key participant in the peace deal between Israel and Hamas within Gaza. WATCH (video added):

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President Trump held an impromptu press conference aboard Airforce One heading to Florida for the weekend.  The audio is a little challenging, but the sound is better on the Forbes link than the White House link.

President Trump discusses his lowering the import tariffs against some products the USA doesn’t create. Additionally, President Trump notes his intention to sue the BBC for compensatory damages as a result of their manipulation of his J6 speech. WATCH:

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President Trump speaks at length about inflation. He is absolutely correct on the 2021 Biden cause and effect.

For those who did not pay attention to the details at the time when we were researching and writing about it, including the warnings and preparations that we suggested everyone should take – HERE IS A REMINDER LINK!  <- That is what President Trump is trying to deal with.

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President Donald Trump gave U.S. Trade Representative, Ambassador Jamieson Greer, all the tools and leverage needed to bring the Swiss govt to a substantive trade agreement.  The pressure was too much to bear, so Switzerland quickly negotiated a deal.

In the background President Trump’s global trade reset has been seriously damaging for the Swiss industrial economy.  The EU overall, Germany specifically and China, have stopped purchasing precision Swiss industrial machinery.

It’s not the direct tariffs against Swiss precision machinery itself that created the pressure, but rather the tariffs against nations who purchased the Swiss precision machinery.

China was a big purchaser of the Swiss machinery, until Beijing stole enough intellectual property to develop their own precision machining capacity.  Slowly China didn’t need Switzerland.

Germany and the EU economy then began to contract as the Trump tariffs bit hard against their exports to the USA.

Simultaneously, Chinese EV production started replacing more expensive European EV production, and the tooling purchases within the auto industry began contracting within Switzerland.

As things unfolded, the forecast for the future of the Swiss economy started to become very clear; their precision industrial exports were going to continue contracting.  Something needed to change, and fast.

Ambassador Jamieson Greer announces a major free trade agreement with Switzerland {SEE HERE} and the White House provides a fact sheet {SEE HERE}. A joint statement is then released:

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Treasury Secretary Scott Bessent appears on ABC This Week to combat the narrative engineering of DNC transcriptionist George Stephanopoulos.

Sometimes it’s worth watching Stephanopoulos, Bill Clinton’s former Chief of Staff, because he frames the political position, current and future, for the Democrat party. Video and Transcript Below:

[Transcript] STEPHANOPOULOS: And we’re joined now by the Treasury secretary, Scott Bessent.

Mr. Bessent, thank you for joining us this morning.

We’ve just heard about all these impacts from the shutdown — government shutdown right now. Are we starting to see — see a permanent impact on the economy?

TREASURY SECRETARY SCOTT BESSENT: Sure, George.

And good to be with you.

And we’ve seen an impact on the economy from day one, but it’s getting worse and worse. We had a fantastic economy under President Trump the past two quarters. And now there are estimates that the economy, economic growth for this quarter, could be cut by as much as half if the shutdown continues.

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Commerce Secretary Howard Lutnick appears on NewsMax to discuss his perspective on the Supreme Court oral arguments surrounding the legal challenges to President Trump’s tariff authority.

Secretary Lutnick attended the court arguments today and is very optimistic about the outcome of the arguments.  WATCH:

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Today, the Dept of Justice Solicitor General Dean John Sauer provided oral arguments to the Supreme Court in support of President Donald Trump’s tariff authority. The issue at the heart of the matter is the International Emergency Economic Powers Act (IEEPA), which grants the president the power to levy tariffs.

Chief Justice John Roberts and Justice Sonia Sotomayor, leaned heavily on the argument that tariffs are taxes against the American people, and all taxes must come from Congress.  The ‘tariffs are taxes’ argument seems to be the linchpin for the leftists on the court and the Gorsuch ‘conservatives’.

Solicitor Sauer countered the IEEPA tariffs are “regulations” against foreign imported goods. “The power to impose tariffs is a core application of the power to regulate foreign commerce, which is what the phrase ‘regular importation of commerce’ in IEEPA naturally evokes,” Sauer said.

The full audio of the arguments is provided below. (I’m working on the transcript). WATCH (prompted):

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President Trump posted the importance of the Supreme Court case to support presidential authority on Tariffs.

The heart of the argument really is the “trillions at stake” aspect we have discussed on these pages for the past ten years.  If the institutions of our government factually want to dispatch President Trump and diminish the American middle-class, the Supreme Court will support the multinational corporations and Wall Street in decision to remove presidential tariff authority.

[Via Truth Social] – “Next week’s Case on Tariffs is one of the most important in the History of the Country. If a President is not allowed to use Tariffs, we will be at a major disadvantage against all other Countries throughout the World, especially the “Majors.” In a true sense, we would be defenseless! Tariffs have brought us Great Wealth and National Security in the nine months that I have had the Honor to serve as President. The Stock Market has hit All Time Highs many times during my short time in Office, with virtually No Inflation, and National Security that is second to none.

Our recent successful negotiation with China, and many others, put us in a strong position only because we had Tariffs with which to negotiate fair and sustainable Deals. If a President was not able to quickly and nimbly use the power of Tariffs, we would be defenseless, leading perhaps even to the ruination of our Nation. The only people fighting us are Foreign Countries who for years have taken advantage of us, those who hate our Country and, the Democrats, because our numbers are insurmountably good.

I will not be going to the Court on Wednesday in that I do not want to distract from the importance of this Decision. It will be, in my opinion, one of the most important and consequential Decisions ever made by the United States Supreme Court. If we win, we will be the Richest, Most Secure Country anywhere in the World, BY FAR. If we lose, our Country could be reduced to almost Third World status — Pray to God that that doesn’t happen!”

President Donald J Trump – Nov 02, 2025, 6:54 PM

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