Democrats are still reeling from Donald Trump’s victory over Kamala Harris on Tuesday. The left had created such an echo chamber for themselves that they thought there was no way that Trump would defeat Harris.
Unfortunately for them, however, that’s exactly what Trump did. Indeed, he came out on top not only with the Electoral College, but in the popular vote as well.
It has been rumored that Trump advisor and billionaire hedge fund manager Scott Bessent will be the next Treasury Secretary. In a new interview, Bessent has revealed that he believes Trump will issue executive orders to cut down on regulation. In saying this, he cited energy in particular.
From Daily Wire:
“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.”
Bessent also pointed out that we just dodged a major bullet in the form of Harris and her running mate Tim Walz.
“Look at what we just avoided,” he said, explaining that Harris and Walz “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.”
In contrast, Trump is “a businessman” who comes off as “economically sophisticated” when Bessent talks to him.
Newfound Optimism In the Stock Market
In the days since Trump won the election, Bessent has seen tons of optimism in the stock market.
“Animal spirits are being unleashed,” Bessent said. He added that there is “high inflation” and “divisive rhetoric from the Democrats.” However, “what was really hurting business and what we call in economics, something we can’t identify, is animal spirits.”
Bessent then stated that there was a “huge build-up of the regulatory state” during the Obama-Biden and Biden-Harris administrations that implemented a “real cost” to consumers. Meanwhile, it put a damper on the GDP of the United States.
“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 continued, referring to SBA Administrator Isabel Guzman.
Under the Biden-Harris regime, the economy has gone to shambles, and inflation has skyrocketed. Indeed, millions of Americans have been left struggling just to put food on the table. This undoubtedly played a huge role in voters picking Trump over Harris, as America simply could not afford four more years of woke economic policies.
For the first time in years, America’s economic future is looking bright. In the end, Trump can’t get back in the White House soon enough!
Source: Daily Wire
