Summary:
Treasury Secretary Scott Bessent may be planning to cut and run after Donald Trump’s disastrous “reciprocal tariff” announcement earlier this week.
During an appearance on MSNBC’s Morning Joe Friday, contributor Stephanie Ruhle reported that the key Cabinet member is already looking for an escape hatch.
“My sources say that Scott Bessent is kind of the odd man out here and, in the inner circle that Trump has, he’s not even close to Scott Bessent or listening to him,” Ruhle said. “Some have said to me, he’s looking for an exit door to try to get himself to the Fed, because in the last few days he’s really hurting his own credibility and history in the markets.”
To be sure, Trump’s tariff policy represents a sort of defeat for Bessent, a former hedge fund manager who entered office under the delusion that he might actually succeed in stopping Trump from wrecking the economy. Should he flee the administration now, he would likely forfeit what little credibility remains.
Bessent warned other countries Wednesday not to make any rash decisions in reaction to Trump’s sweeping “retaliatory tariff” policy, which included a 10 percent baseline tariff on almost every country in the world.
“My advice to every country right now is: Do not retaliate. Sit back, take it in, let’s see how it goes. Because if you retaliate, there will be escalation. If you don’t retaliate, this is the high-water mark,” he warned.
Bessent’s warning came off particularly clueless given that democratically elected foreign leaders are likely beholden to their electorate, who won’t take lightly to Trump’s blatant bullying.
Ruhle’s sources told her Bessent must understand just how ridiculous Trump’s tariff policy is because he “actually understands how the markets work, and what’s happening right now is only going to hurt markets,” she said.
And it already has: The Dow Jones Industrial Average and Nasdaq Composite experienced their single worst sessions since 2020 on Thursday. Bessent’s nomination had received strong Republican support because of his experience with financial markets.
“Don’t fight back while I rape you, because then things would get worse”
Bullies. Gigantic, stupid man babies. All because a parent didn’t give them the love and attention they thought they deserved.
… And probably be replaced with Laura Loomer, with how things are going.
Might be a positive honestly. Make it go to shit fast and hard so his base hurts and his presumptive allies shy away to save their own hides
God damn this is bizarro world
The base is fully bought in on the crazy idea Trump tanks the market so he can refi the debt and save billions in interest and also the fed will be forced to drop interest rates. It’s crazy though bc the impact of that will be catastrophic. The reason the US is so strong economically is because the dollar is the reserve currency of the world. You lose that power then it’s harder to bounce back if at all.
They are rooting for the dollar to tank because they think it will make the price of his shitty Crypto token that they all bought skyrocket. Big brain math!
Running the country like he ran his businesses.
Except that bankrupting a country is really, really fucking bad for everyone in that country.
“Sit back, take it in, let’s see how it goes” sounds far too rapey for him not to be aware of it. Not sure why anyone’s suggesting we give this clown any credibility or benefit of doubt. He knew damn well who he was signing up to work for. He’s as complicit as everyone else in that administration. I hope his career is over.
…After letting Elon Musk and his termites into the Treasury.
Maybe he just did not receive the memo about selling before the market crash and now he’s mad
Play dead and the mauling bear may move on? I don’t like it but he may have a point. 😐
Cool story. Let me know when dude actually quits. But it won’t matter and I still won’t care.
