Scott Besson
๐ค SpeakerAppearances Over Time
Podcast Appearances
But I can tell you that your friend there who criticized me, that you can be optimistic about the future.
The house got burned down and it takes a while to rebuild it.
And we are rebuilding it from the foundation of the foundation of this.
The concrete report was this tax deal.
So we've got the foundation, and now we are starting to rebuild our economy.
And one of the answers to this affordability crisis, there are two parts to it.
Part of it is stopping the price increases, bringing the prices down where you can for things like gasoline, like certain foods, but then on the other hand, the real home run is
real wage increases, which we saw under President Trump's first term.
Hourly workers did better than supervisory workers.
The bottom 50% of households' net worth went up faster than the 10%.
And look, the Wall Street Journal can take a shot at me when I talk about Main Street prosperity.
But I call it parallel prosperity.
Wall Street has done well, exceeded everyone's expectations.
And it's called the Wall Street Journal for a reason, not the Main Street Journal.
And
And they don't want everyone to have a fair shot.
Part of the deregulation that we've done in Treasury is to help small banks.
We've lost half of our small banks since the GFC.
You know what?
Small banks finance 70% of agriculture, 40% of small business, 40% of real estate.