00:00It seems like even Scott Besant, who, Treasury Secretary, it seems like some people wanted him to be Fed chair,
00:06he's been very careful about wanting to make sure that the Fed has independence,
00:10even though he's obviously a huge advocate for Trump's economic policy.
00:14We're lucky we got him in there.
00:16I mean, he has been a real force for good, I think, for this economy.
00:21He can sell it. He got better.
00:24He knows how to talk to Wall Street.
00:25He wasn't good selling it at first, but he's gotten good.
00:28I think he also, it's interesting the way that, for instance, he talks about tariffs versus the president.
00:33He still, in a recent interview with Sorkin, said they're a tool.
00:37This is a way of getting leverage to make sure that we get to the economic place we want.
00:41That's very different from what the president has said.
00:43Yeah, but remember what he did with tariffs.
00:46People, you know, what I find fascinating is the sort of revisionist history of particularly MAGA,
00:52like what, you know, sort of intense MAGA supporters will say,
00:55oh, Wall Street, you know, they went nuts, they freaked out on the tariffs, and nothing happened.
00:59Well, let's be real clear what happened.
01:01Wall Street went nuts.
01:02Stock market declined.
01:03The bond market got crushed.
01:05And by the way, that's even more important, because that means people stopped buying our debt.
01:09And guess what happened?
01:10Scott Besson stepped in and took those Liberation Day tariffs and took them off the table
01:15and rearranged the whole tariff, you know, basically took the tariffs down dramatically.
01:19Yeah.
01:20And he was smart enough to do it.
01:21Yeah.
01:22And sell the president on doing it.
01:24That's the thing, is he can sell the markets and he can sell the president.
01:27That's the thing, is he can sell the markets and he can sell the markets and he can sell the markets and he can sell the markets and he can sell the markets and he can sell the markets and he can sell the markets and he can sell the markets and he can sell the markets and he can sell the markets and he can sell the markets and he can sell the markets and he can sell the markets and he can sell the markets and he can sell the markets and he can sell the markets and he can sell the markets and he can sell the markets and he can sell the markets and he can sell the markets and he can sell the markets and he can sell the markets and he can sell the markets and he can sell the markets and he can sell the markets and he can sell the markets.
Comments