In this episode, Scott discusses President Trump moving from advocating a U.S. sovereign wealth fund to prioritizing national debt reduction.
Chapter 1: What is the Trump Pivot?
This is Scott Becker with the Becker Private Equity and Business Podcast. Today's discussion is the Trump pivot. So here's the deal. And increasingly, you see this from President Trump, where he takes out a position and then he pivots. And in some ways, it's fascinating to watch. And I don't necessarily think it's a negative, but I do think he is a learning, evolving person in his own insane way.
Chapter 2: What was Trump's stance on the U.S. sovereign wealth fund?
But the latest Trump pivots as follows. A couple months ago, he was all in on the U.S. creating a sovereign wealth fund. And again, many of us had the perspective that, well, instead of doing sovereign wealth fund, and there's all kinds of negatives of sovereign wealth fund because people end up favoring their allies, colleagues, something like that. I'm not generally a fan.
But instead of a sovereign wealth fund, wouldn't it be better to pay off debt? And sure enough, yesterday, President Trump announced that the next effort is to actually pay down debt versus creating a sovereign wealth fund. So this to me is the very latest in the Trump pivots. But it's quite frankly a Trump pivot I agree with, and it is fascinating to watch this presidency.
Whether you love him or hate him, it is made for TV presidency like no other, maybe the first one. Anyways, thank you for listening to the Becker Private Equity and Business Podcast. Thank you very, very much.