LARRY KUDLOW: Treasury Man Bessent Talks Growth at the Ziegfeld Ballroom

Secretary of the Treasury Scott Baseen spoke today with the New York Economic Club and stressed the increase in President Trump program.

I had the opportunity to interview the secretary After his speechA number of, most importantly, Bainiv stressed, especially in the banking sector, and it includes small business loans. This is important, because during Biden’s years, Fed chair Jay Powell poured out the wind and stimulated Dey, Esg, no loan oil and gas companies, the terrible control of the Silicon Valley and the importance of community banks. Powell chaired the real mess.

By the way, it seems that Mickey Bouman is a member of the Federal Reserve, who is a member of the Federal Reserve, is going to be a vice president for bank control, and it will be a welcome assistance from Jay Pau’s awakening policy. Batetent defended President Trump campaign to stop trade unjust trade practice and foreign exchange manipulation and intellectual stealing. And, by the way, The President Watch the President 25% Tariffs In Mexico and Canada, the USMCA transaction has been given a 30-day return.

But Trump is right about unfair trade. And I talked to Besh about this. There is no equivalence between Communist China and the United States. And, of course, the idea of ​​Trump’s reciprocity is on time, because if the United States does not, the WTO will never do it. And the industries of our heart will continue to suffer.

Trump review process is slightly worn at the moment. But politics itself is trueAccording to Scott Bate, the “King” dollar will continue to equip. He is very happy that bond rates are down. And Beynant is a growth boy. He and I talked about Trump Tax Reduction when the President wants all the expansion of his 2017, plus taxes or overtime or senior benefits. And Best reminded that Trump wants 100% immediate expenses for new factories, as well as cars and equipment. And everything will be a retroactive force until January 20.

After that, the growth is so important. I mentioned that the combination of the rest of the tax cuts and dismissal and the rest of the trump during the next 10 years produces 3% instead of the usual 1.8% CBO baseline. It costs $ 3 trillion more with the resources created by the private sector.

And, in fact, Scott Bessent often talks about the need Reproduce US economyand thus ending the socialism of the Great Great Government of Joe Biden. Trump tax cuts should be comprehensive and constant and hit as a current policy, which means a deficit neutral. Just like CBO is hit by the starting point of the current services. In the event that costs increase each year.

Batevent also spoke about the reduction of government workplaces and increasing private jobs. And he gave a strong facility to the lowering of Elon Musk’s dog. Mr.Bessent is a brilliant, ancient school, a southern Carolyn and a gentleman, a huge mental awareness of the new golden age of America and the main problems.