Scott Besson
speaker
1,145 appearances
137 recordings
22 series
first heard Dec 2024
last heard 4 Jun
Scott Besson’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 97 in all, peaking in Jan 2026 with 49.
Appearances
We have President Trump's previous term when everyone said none of this was going to work. Oh, the China tariffs are going to do this. 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.
The Ben Shapiro Show · Ep. 2174 - WHAT COMES NEXT?! Trump’s Tariff War Continues… · 7 Apr 2025
podcast
Well, I think that's going to 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 the administration about lowering their non-tariff trade barriers, lowering their tariffs. stopping currency manipulation. And they've been bad actors for a long time.
And it's not the kind of thing you can negotiate away in days or weeks.
This is an adjustment process. What we saw with President Reagan when he brought down the great inflation and we got past the Carter malaise, that there was some choppiness at that time. But he held the course and we're going to hold the course. And this has been years in the building, years in the making.
A lot of our trading partners, including some of our allies, have not been good partners. If tariffs are so bad, why do they have them?
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
It's almost like the bodybuilders taking steroids. Outside looks great. You're muscular. Inside, you're killing your vital organs. That's what was going on here. But it would have been easy to keep pumping up the economy, borrowing a lot of money, creating a lot of government jobs. There was no controversy when we're doing all that. But you were going to end up in a calamity.
Well, I would say they've been doing it to us for a long time. And if they don't like tariffs, then why do they have them?
Again, I think we're going to wait and see how this plays out.
Access to cheap goods is not the asset, is not the essence of the American dream.
Absolutely.
Yeah, look, I thought that when rates were low, you're supposed to turn out rates. Exactly. And instead, the Treasury, for the past few years, has pulled rates in. And I think part of that was to keep rates lower. They changed the issuance schedule when rates moved back up towards 5%. I have maintained that policy.
But I'm maintaining it because, back to David's question, when are we going to see the results from getting the government spending under control? And I don't think the markets recognize it yet.
So when they do it to a Tesla dealership, it's really bad. But when they do it to the halls of Congress, we should pardon them. Is that your position?
I'm so sorry. Let me educate you.
You want to attack me? Let me finish it.
I'm sorry you're getting emotional.
Anyone who commits violence against Tesla or Congress or anyone else should be put in jail 1,000%. But that does not stifle dissent or opposition from Elon Musk.
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