The markets are going haywire, and consumer confidence is nosediving. You might be wondering why the Trump administration decided to burn down the healthy economy it inherited. Is it pure incompetence? Or is there a plan?The answer to both questions appears to be yes. The incompetence is undeniable. But the administration does have a plan, or at least a vision, for what will spring up from the ashes. The trouble is that the long-term economic program is even worse than the short-term one.The clearest picture of the new America that is meant to arise from the crash was provided by Treasury Secretary Scott Bessent in an interview last week with Tucker Carlson. Bessent acknowledged some short-term discomfort—the stock market plunged as he spoke—but in the service of something grand. “On one side, the president is reordering trade,” he said. “On the other side, we are shedding excess labor in the… ...[TheTopNews] Read More.
2 weeks ago
