Scott Bessent for Treasury Secretary

[MLAA]

https://finance.yahoo.com/news/trump-picks-scott-bessent-the-investor-favorite-for-treasury-secretary-000710469.html

President-elect Donald Trump announced Friday evening that investor Scott Bessent will be his nominee for Treasury secretary, picking a campaign trail partner and early frontrunner for the job after a long and contentious process.

Trump called him "one of the World's foremost International Investors" in his announcement, adding that he is "a strong advocate of the America First agenda."


Bessent beat out a series of other candidates from former Federal Reserve governor Kevin Warsh to Apollo Global Management (APO) CEO Marc Rowan to cap a drawn-out process that saw candidates’ chances seem to rise and fall by the day. (Disclosure: Yahoo Finance is owned by Apollo Global Management).

Assuming he is indeed nominated and then confirmed, Bessent will face the difficult challenge in the months ahead of simultaneously working to calm US and global markets while also being tasked with selling many of the president-elect's economic plans.

The issue is that many of those ideas remain unpopular in business world corners — specifically renewed tariffs and, perhaps, increased deficit spending.

[D. Spaulding]

1. He's a pretty globalist type pick

For a movement that tends to decry globalists in all forms.

[JohnSJ]

2. Supposedly the market is up because Wall Street like the pick of pro-tariff Bessent. WTF is wrong with these jackasses.

This pick is all over the board. I sure wouldn't trust him, but it pretty much insures that the sociopaths vow to implement tariff's is more likely to happen than not.

[GoreWon2000]

4. There might be a silver lining

Trump's tariffs will raise prices for American consumers and skyrocket inflation. That'll prove that Trump's campaign claim that he would lower prices is a total lie.

[JohnSJ]

5. Maybe, but the stupidity of the American populace along with the MSM

would probably blame it on Biden if that happens.

[delisen]

3. The plan is to turn other countries autocratic

Last edited Mon Nov 25, 2024, 06:54 PM - Edit history (1)

R


Canada and Mexico are targets.