Bessent vs Wall Street: They Don't Understand This Economy
A blockbuster U.S. jobs report showing 162,000 jobs created is contrasted with Canada’s 40,000 job loss under Mark Carney, as Treasury Secretary Scott Bessent tells Steve Bannon that Wall Street and major outlets like the Financial Times and The Wall Street Journal stoke economic panic and spread “fake news,” citing a misframed story about Norway’s sovereign wealth fund shifting from Treasuries into higher-yield Fannie and Freddie securities. The episode frames today’s challenge as a “Red Queen economy,” arguing America must grow productivity fast enough to outrun debt, China’s advances, and infrastructure and skills obsolescence, while blaming Biden-era inflation and spending. It spotlights Trump administration workforce initiatives, including expanded training and Pell Grant use and the new Foundry School—an advanced manufacturing program with a Stanford curriculum and international PAX Silica partners. Finally, it covers Trump executive orders aiding ranchers’ beef processing and DOJ antitrust scrutiny of major meatpackers and retailers. Promethean Action, Barbara Boyd
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I am just an average American. My teen years were in the late 70s and I participated in all that that decade offered. Started working young, too young. Then I joined the Army before I graduated High School. I spent 25 years in, mostly in Infantry units. Since then I've worked in information technology positions all at small family owned companies. At this rate I'll never be a tech millionaire. When I was young I rode horses as much as I could. I do believe I should have been a cowboy. I'm getting in the saddle again by taking riding lessons and see where it goes.
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