Billionaire hedge fund manager Scott Bessent is an adviser to President Donald Trump and is believed to be his pick for Treasury Secretary in his second term.
While speaking with the Daily Wire, Bessent made some SERIOUS predictions about the economy and the markets under Trump which suggest that life is about to get a whole lot better for all Americans.
Immediately after Trump was elected the markets reacted positively, shooting up to record highs which indicate that American businesses are ECSTATIC that the Communist party will be leaving the White House come January.
“Animal spirits are being unleashed,” Bessent said, referring to the optimism seen in the markets.
He went on to note that the high inflation and divisive rhetoric from the Democrats has been bad enough for this country but arguably the WORST thing about Joe Biden’s presidency when it comes to the economy has been the “huge build-up of the regulatory state,” which led to a “real cost” for American households.
Starting with former President Barack Obama’s first term in 2008, the American government has undergone a metamorphosis to become one of the most powerful anti-business governments the world has ever seen.
Bessent and the Trump admin are promising to undo that – FOR GOOD!
“President Biden’s Cabinet was the least business-friendly Cabinet because there are no business people in it. Even the head of the Small Business Administration, I don’t think she had a private sector job for years,” Bessent said, referring to SBA Administrator Isabel Guzman whose actions suggested she was more interested in crushing small business than helping them.
He added that by electing Trump, America just avoided four more years of career politicians who only make more money if they take more out of our pockets.
“Look at what we just avoided,” Bessent said, noting that both Vice President Kamala Harris and running mate, Minnesota Governor Tim Waltz (D) have NEVER “had a private sector job in their adult lives. Never had a private sector job. You know, I hope they can get one starting in January.”
Trump, on the other hand, is a businessman first and a politician second, which means he actually understands how suffocating too much government regulation can be for American businesses and the overall economy as a whole.
Bessent also highlighted Trump’s alliance with tech entrepreneur Elon Musk, “one of the greatest business people of, or the greatest businessman of this generation.”
He revealed that he expects Trump to come out swinging with executive orders to cut down on regulations in various industries – beginning with the ever-important energy sector that has just been completely brutalized by the left over the past 4 years.
Bessent added that under Trump there will be a REAL jobs boon rather than one driven entirely by government growth, like we’ve seen under Biden.
“We’re going to see private sector hiring because what we’ve seen under Harris-Biden is just this gigantic government leviathan getting bigger and bigger with this massive government spending,” he said. “For all they touted on their industrial policy, they created 18,000 manufacturing jobs.”
Bessent continued: “Last year, there were only 250,000 private sector jobs. Everything else was government or government adjacent. So the way I phrase it is, we are going to re-privatize the economy, restart private sector, and the working-class people are going to do well. Big business will continue doing well, and small business, I think, is going to do great.”
It’s time to restore the American economy to what it could and SHOULD be. Trump will do exactly that.
