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Morning Wire

Scott Bessent Talks Inflation, Deregulation, and America’s Future | Sunday Extra

Morning Wire

The Daily Wire

Daily News, News

4.926.5K Ratings

🗓️ 1 December 2024

⏱️ 16 minutes

🧾️ Download transcript

Summary

A one on one interview with Trump’s Treasury secretary nominee Scott Bessent outlines Donald Trump’s plan to revive the economy, by making his tax cuts permanent, strengthening the dollar and cutting regulation especially in energy. Get the facts first on Morning Wire. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

Late last week, Donald Trump nominated Scott Besant for Treasury Secretary.

0:08.1

Reuters, Business, and the Financial Times both proclaimed that Wall Street welcomed the

0:12.7

pick and breathed a sigh of relief, as Besant is seen as a steady and credible choice to

0:18.2

manage the many facets of the U.S. economy.

0:21.2

As Treasury Secretary, Bessent will manage taxes and payments, the nearly $30 trillion

0:26.6

debt and financial regulation. Bessent has been advising Trump throughout his campaign

0:32.0

on economic issues. We spoke to him earlier this month just a few days after Trump's

0:37.0

presidential victory.

0:38.6

I'm Daily Wire editor-in-chief John Vickley with Georgia Howe.

0:41.8

It's December 1st, and this is a Sunday encore edition of Morning Wire.

0:49.1

We're now joined by Scott Bessent, Wall Street Investment Officer, an economic advisor to President-elect Trump.

0:55.9

Scott, thank you so much for coming on.

0:57.6

Thanks for having me.

0:58.8

First, you spent more than a decade as the chief investment officer to George Soros Money Management Group.

1:05.3

How did you end up advising Donald Trump?

1:07.7

Sure.

1:08.0

The Soros, money management organization was kept very separately from

1:13.0

George Soros's foundations. And if you look back at the history of the CIOs, whether it's myself,

1:18.9

Stan Drucken Miller, Bob Bishop, Bob and I are big Trump supporters, kind of day one, Stan Drucken Miller

1:26.0

is one of the largest Republican supporters.

1:28.9

The other thing I always tell people is who are the most anti-communist people you know?

1:35.2

It's people who come from communist countries because they've seen what it's like on the inside.

...

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