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#treasurysec

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Important interview with #privileged #treasurysec #bessent on #BloombergTV
#federalworkforce #dogees #tusk #ukraine #zelensky

#Protip #media interviews: Never call anyone an “ #averageAmerican”. Nor their kids #average. You have no experience of life outside your bubble of #privilege. Working for the gummint was steady work with steady benefits. Your idea is to make everyone grovel.

And learn to stop smirking on camera. Save it for #SiliconValley @bloomberg

Continued thread

Trump nominates Wall Street investor Scott Bessent as treasury secretary
npr.org/2024/11/22/nx-s1-51896

* Wall Street investor
* one of Trump's top economic advisers
* former protégé, Democratic mega donor George Soros
* founded/runs hedge fund Key Square Group
* argues Trump's proposed tax cuts, looser regulations on businesses will boost U.S. economy

#USpol #ScottBessent #TreasurySec #USTreasury
#Trump2 #GOP #fascism #authoritarianism #Project2025
#capitalism #billionaires #libertarianism #tariffs

Continued thread

Trump Struggling w. Treasury Pick
newrepublic.com/article/188620

* all pot. candidates are oligarchs
* init. Howard Lutnick; Scott Bessent
* rather than choose Trump added 2 more: Marc Rowan; Kevin Warsh
* then reduced pool to 3 by naming Lutnick to run Commerce Dept

* tariffs; labor shortage due to mass deportations

* Trump will need to decide how badly he wants to impose a ruinous economic policy
* will almost certainly end up hating whomever he chooses

The New Republic · Trump Is Struggling With His Treasury Pick for the Dumbest ReasonHe wants someone who’ll sell Wall Street on across-the-board tariffs. That person doesn’t exist.
Continued thread

Trump treasury pick could indicate plans for tariffs
apnews.com/article/trump-treas

* indicator how Trump will wield tariffs: protectionist trade policies

Leading candidates:
* billionaire investor Scott Bessent
* Cantor Fitzgerald CEO Howard Lutnick, co-chair Trump’s transition
* Lutnick recomm. candidates for key roles incl. Treasury Dept

#USpol #ScottBessent #TreasurySec #USTreasury
#Trump2 #Trumpism #GOP #fascism #authoritarianism #Project2025
#capitalism #billionaires #libertarianism #tariffs

AP News · Trump's treasury pick could give an indication of his tariffs planBy JOSH BOAK

[thread] Scott Bessent
en.wikipedia.org/wiki/Scott_Be

* American hedge fund manager
* openly gay man
* member, Huguenot Church [Protestant]
* major Trump fundraiser/donor
* economic advisor for Trump2 2024 presidential campaign
* Nov 2024 named presumptive nominee for U.S. Sec. Treasury
* praises Trump's proposal to implement broad tariffs

#USpol #ScottBessent #TreasurySec #USTreasury
#Trump2 #Trumpism #GOP #fascism #authoritarianism #Project2025
#capitalism #billionaires #libertarianism #tariffs

en.wikipedia.orgScott Bessent - Wikipedia
Continued thread

What does U.S.’ next treasury secretary believe?
economist.com/finance-and-econ
nonpaywalled: archive.fo/5t3cU

Howard Lutnick, head, Cantor Fitzgerald investment firm
* co-head of recruitment crew
en.wikipedia.org/wiki/Howard_L

Scott Bessent, Key Square Capital hedge fund
en.wikipedia.org/wiki/Scott_Be

* John Paulson, hedge-fund titan, made $5B on 2008 housing crash
* said he'd drop out of race Nov 12th
en.wikipedia.org/wiki/John_Pau

#TreasurySec #GOP #Trump2 #fascism
#billionaires #capitalism #libertarianism