Scott Bessent

The regulated financial system's really been what I call a regulatory corset. for a long time, and as we deregulate that, then the private sector can re-leverage, so government de-leveraging, private sector re-leveraging, and the employment, or the folks who lost their government jobs will be picked up by the private sector.

The regulated financial system's really been what I call a regulatory corset. for a long time, and as we deregulate that, then the private sector can re-leverage, so government de-leveraging, private sector re-leveraging, and the employment, or the folks who lost their government jobs will be picked up by the private sector.

Yeah, and the... So part of fixing the affordability crisis is, we can come back and talk about it if you want, but where can we get prices down? Eggs are easier, but the other side of getting prices down is getting real wages up. So on getting real wages for working people up, it goes back to the Main Street versus Wall Street.

Yeah, and the... So part of fixing the affordability crisis is, we can come back and talk about it if you want, but where can we get prices down? Eggs are easier, but the other side of getting prices down is getting real wages up. So on getting real wages for working people up, it goes back to the Main Street versus Wall Street.

And the second plan is to reorder the international trading system and bring manufacturing jobs back to the US and reinvigorate the middle class. Because again- Through tariffs. Well, to use tariffs where needed to bring other countries into line.

And the second plan is to reorder the international trading system and bring manufacturing jobs back to the US and reinvigorate the middle class. Because again- Through tariffs. Well, to use tariffs where needed to bring other countries into line.

Well, so... There's tariffs. Then I think there's three other things we can do, which are the centerpiece of the administration. We can have the low and predictable taxes. We can substantially slash regulations, because regulations are the equivalent of- That'll drive investment dollars, private investment dollars. And predictability in regulations. And then cheap energy.

Well, so... There's tariffs. Then I think there's three other things we can do, which are the centerpiece of the administration. We can have the low and predictable taxes. We can substantially slash regulations, because regulations are the equivalent of- That'll drive investment dollars, private investment dollars. And predictability in regulations. And then cheap energy.

Yes. But You've got to have, I've been in this building, I think this is my seventh week, President Trump, been back at the White House for eight weeks, so you actually do need time. So a lot of people who weren't happy about the CR, but shutting down the government wouldn't have been productive, either politically or economically.

Yes. But You've got to have, I've been in this building, I think this is my seventh week, President Trump, been back at the White House for eight weeks, so you actually do need time. So a lot of people who weren't happy about the CR, but shutting down the government wouldn't have been productive, either politically or economically.

Well, tax cuts will, so tax cuts and deregulation will change the growth trajectory.

Well, tax cuts will, so tax cuts and deregulation will change the growth trajectory.

Will grow GDP. If trend line has been 1.8, if you can move the growth to three or above, then you really change their trajectory. And if you can keep expenses flat or do the unthinkable and cut expenses, then you can really. So this is important.

Will grow GDP. If trend line has been 1.8, if you can move the growth to three or above, then you really change their trajectory. And if you can keep expenses flat or do the unthinkable and cut expenses, then you can really. So this is important.

That's kind of the theory. And I'll tell you, shame on me. I was in the investment business 35 years. I talked very confidently that CBO scoring says this. And it turns out I didn't know you know what about CBO scoring. When you're on this side of the wall, you realize how crazy it is.

That's kind of the theory. And I'll tell you, shame on me. I was in the investment business 35 years. I talked very confidently that CBO scoring says this. And it turns out I didn't know you know what about CBO scoring. When you're on this side of the wall, you realize how crazy it is.

It's very gameable. And one of the most gameable parts of it is in normal CBO scoring, that, so we're calling, we're saying that we want to renew the tax cuts.

It's very gameable. And one of the most gameable parts of it is in normal CBO scoring, that, so we're calling, we're saying that we want to renew the tax cuts.

We're actually just renewing the current tax regime.

We're actually just renewing the current tax regime.