The Bessent Bailout: Trump's working on a plan to bail out his own Treasury Secretary

[BeyondGeography]

So when Scott Bessent’s confirmation hearing took place earlier this year he promised to divest assets posing a potential conflict of interest for someone charged with managing the nation’s economic policy.

One of these assets, as fate would have it, is thousands of acres of soybean farmland in North Dakota, which Bessent still owns.

“The biggest potential conflict of interest for Mr. Bessent is his ownership of as much as $25 million of soybean and corn farmland in North Dakota,” the Times said. “The land spans thousands of acres in Burleigh, Kidder, Eddy, Benson and Wells counties, and earns Mr. Bessent as much as $1 million a year in rental income, according to his financial disclosure form.”

“The sale of Mr. Bessent’s farms could be complicated by the U.S. trade war with China, which the treasury secretary has been actively trying to defuse,” the Times added.

https://www.thefencepost.com/news/bessent-hasnt-sold-his-north-dakota-farmland/

Now that Trump’s boneheaded trade war with China has necessitated a bailout of the nation’s a soybean farmers, we have a scenario where the President is rescuing his own uber-wealthy Treasury Secretary with public funds.

Does anyone have a problem with that?

[yellow dahlia]

1. These people are working full time for themselves, not the American people.

They have forgotten that we pay their salaries.

They have forgotten they swore an oath.