Bessent Pitches Skittish Investors to Bet on Trump’s Economic Plan

[jerrymahoney]

The Treasury secretary urged executives and entrepreneurs to look beyond the Trump administration’s trade agenda.

 

May 5, 2025  NYTimes via https://archive.ph/7ovyU

 

Treasury Secretary Scott Bessent urged skittish global business leaders on Monday to ignore President Trump’s economic naysayers and ramp up investment in the United States, defending an economic agenda that economists warn will slow economic growth and exacerbate inflation.

 

Speaking to executives, entrepreneurs and policymakers, Mr. Bessent argued that the Trump administration’s economic plans go beyond trade policy and will pay off in the long run. He urged them to also focus on Mr. Trump’s plans to cut taxes and regulation, which he said would spur job creation and output.

 

“Tariffs are engineered to encourage companies like yours to invest directly in the United States,” Mr. Bessent said in remarks at the Milken Institute Global Conference in Los Angeles. “You’ll be glad you did — not only because we have the most productive work force in the world. But because we will soon have the most favorable tax and regulatory environment as well.”

 

BUT

 

So I’m asking you to be excited about the future of our country again. And this will be America’s new Golden Age. We’re going to turn it around so fast your head will spin.  -- DJT  22 OCT 2024   https://www.rev.com/transcripts/trump-rally-in-greensboro-north-carolina

 

[Jim Blue]

Milken ?  So he has his own institute now .Interesting.

[baansgr]

I don't think Scotland has enough clout, just have to wait and see