Scott Bessent

They're going to cause inflation. They didn't. This is going to happen to working class. It's going to be bad for working class Americans. Well, guess what? Working class Americans that. Hourly workers did better than supervisory workers. The bottom 50% of households, their net worth increased faster than the top 10% of households.

They're going to cause inflation. They didn't. This is going to happen to working class. It's going to be bad for working class Americans. Well, guess what? Working class Americans that. Hourly workers did better than supervisory workers. The bottom 50% of households, their net worth increased faster than the top 10% of households.

And I'm not happy with what's going on in the market today, but the distribution of equities across households, the top 10% of Americans own 88% of equities. 88% of the stock market. The next 40% owns 12% of the stock market. The bottom 50 has debt. They have credit card bills. They rent their homes. They have auto loans. And we've got to give them some relief.

And I'm not happy with what's going on in the market today, but the distribution of equities across households, the top 10% of Americans own 88% of equities. 88% of the stock market. The next 40% owns 12% of the stock market. The bottom 50 has debt. They have credit card bills. They rent their homes. They have auto loans. And we've got to give them some relief.

And I'm not happy with what's going on in the market today, but the distribution of equities across households, the top 10% of Americans own 88% of equities. 88% of the stock market. The next 40% owns 12% of the stock market. The bottom 50 has debt. They have credit card bills. They rent their homes. They have auto loans. And we've got to give them some relief.

I was struck by the statistic from last year. That's the message right there. Just as a bystander, I'm like, wow, okay. Or that I like...

I was struck by the statistic from last year. That's the message right there. Just as a bystander, I'm like, wow, okay. Or that I like...

I was struck by the statistic from last year. That's the message right there. Just as a bystander, I'm like, wow, okay. Or that I like...

the examples and i was really struck by two different statistics last year summer of 2024 americans took more european vacations than they had in history summer of 2024 more americans were using food banks than they ever have in history i went into two food banks that near my hometown to ask what's the story and they said you know it really takes

the examples and i was really struck by two different statistics last year summer of 2024 americans took more european vacations than they had in history summer of 2024 more americans were using food banks than they ever have in history i went into two food banks that near my hometown to ask what's the story and they said you know it really takes

the examples and i was really struck by two different statistics last year summer of 2024 americans took more european vacations than they had in history summer of 2024 more americans were using food banks than they ever have in history i went into two food banks that near my hometown to ask what's the story and they said you know it really takes

For a lot of people, it's a loss of dignity to walk in a food bank. Worse. But they were seeing something, a new phenomenon, that it wasn't their traditional clientele. It wasn't people who'd lost their homes. It wasn't people out on the street. These were working families who could no longer, $100 at the grocery store,

For a lot of people, it's a loss of dignity to walk in a food bank. Worse. But they were seeing something, a new phenomenon, that it wasn't their traditional clientele. It wasn't people who'd lost their homes. It wasn't people out on the street. These were working families who could no longer, $100 at the grocery store,

For a lot of people, it's a loss of dignity to walk in a food bank. Worse. But they were seeing something, a new phenomenon, that it wasn't their traditional clientele. It wasn't people who'd lost their homes. It wasn't people out on the street. These were working families who could no longer, $100 at the grocery store,

that basket of groceries every week, they were missing five, six, seven things, and they were coming to the food bank to top up. So that's not a great America. Record European vacation, record food banks. And no reason we can't keep the record European vacations going, but we got to take care of these other people. But And you know what? That they don't want handouts.

that basket of groceries every week, they were missing five, six, seven things, and they were coming to the food bank to top up. So that's not a great America. Record European vacation, record food banks. And no reason we can't keep the record European vacations going, but we got to take care of these other people. But And you know what? That they don't want handouts.

that basket of groceries every week, they were missing five, six, seven things, and they were coming to the food bank to top up. So that's not a great America. Record European vacation, record food banks. And no reason we can't keep the record European vacations going, but we got to take care of these other people. But And you know what? That they don't want handouts.

The Democrats had this strategy called Compensate the Loser. So first of all, the name of that strategy, I don't think the bottom 50% of Americans are losers. I think the system hasn't worked for them. I think that they are winners. It's just a bad system. So we are going to fix the system. And look, they want good jobs. They want their kids to do better than they do. They want to own a home.

The Democrats had this strategy called Compensate the Loser. So first of all, the name of that strategy, I don't think the bottom 50% of Americans are losers. I think the system hasn't worked for them. I think that they are winners. It's just a bad system. So we are going to fix the system. And look, they want good jobs. They want their kids to do better than they do. They want to own a home.

The Democrats had this strategy called Compensate the Loser. So first of all, the name of that strategy, I don't think the bottom 50% of Americans are losers. I think the system hasn't worked for them. I think that they are winners. It's just a bad system. So we are going to fix the system. And look, they want good jobs. They want their kids to do better than they do. They want to own a home.