Trump Tariffs Unleashed: Bessent Slams Fake Economy and Government Bloat

In “Trump Tar­iffs Unleashed: Bessent Slams Fake Econ­o­my and Gov­ern­ment Bloat,” Scott Bessent defends Trump’s bold tar­iff strat­e­gy as of March 7, 2025, argu­ing that cheap goods aren’t the Amer­i­can Dream—a thriv­ing pri­vate sec­tor is. With the gov­ern­ment shut­down loom­ing on March 14th, the media ignores Trump’s expir­ing tax cuts while Bessent fights to secure no-tax poli­cies on tips, social secu­ri­ty,  and over­time, along with car loan inter­est becom­ing tax deductible. Dis­cov­er how tar­iffs could boost income for the bot­tom 50% and why reshoring pro­duc­tion post-COVID is crit­i­cal for nation­al resilience. Bessent expos­es a fake econ­o­my bloat­ed by gov­ern­ment growth—25% of GDP fun­neled through D.C.—and calls for slash­ing waste to cut debt. Trump’s new EO tar­gets law­fare, nam­ing Perkins Coie among 15+ firms los­ing gov­ern­ment access, while dereg­u­la­tion and per­ma­nent tax breaks aim to empow­er Main Street over Wash­ing­ton. With a Jobs Report drop­ping today, this episode unpacks Trump’s vision for fair trade and peace over proxy wars.

• Bessent defends Trump tar­iffs: Access to cheap goods is not the Amer­i­can Dream. This econ­o­my is a fake econ­o­my. The largest growth has been in the gov­ern­ment sec­tor, not in the pri­vate sec­tor. 
• The media is talk­ing about the gov­ern­ment shut­down on March 14th. 
• They nev­er talk about the Trump tax­es that are about to expire. Sec. Bessent and his team are work­ing every­day to ensure there aren’t any gaps in the plan. The tax pol­i­cy has to be rescored while the spend­ing nev­er gets rescored by the CBO. The tar­iff income could be very sub­stan­tial and could have real income increas­es for the bot­tom 50% of Amer­i­cans. Trump wants tar­iffs that will allow no tax on tips, on social secu­ri­ty, on over­time and inter­est rates on vehi­cles tax deductible. 
• Now COVID has opened our eyes to the need for reshoring our prod­ucts. Trump is going to force com­pa­nies to come back to our shores if the world goes back into lock­down. Trump is try­ing to make these things hap­pen for the good of the coun­try. Trump is try­ing to have equiv­a­lent trade with the world. 
• Bessent believes that if we can change the growth tra­jec­to­ry and hold expens­es, we can cut the debt. Believe that this is the last time to stop spend­ing, stop the waste fraud and abuse, and impose tar­iffs to save the coun­try. 
• 25% of US GDP blows through area code 202/Washington DC, every­one is try­ing to skim a por­tion of it. They turned North­ern Vir­ginia blue the same way they are try­ing to turn Geor­gia blue. Oba­ma had the biggest growth of gov­ern­ment sec­tor jobs. 
• The Jobs Report is due out this morn­ing. 
• Cut­ting reg­u­la­tion, mak­ing tax breaks per­ma­nent and re-reg­u­late the bank­ing sys­tem. The reg­u­lat­ed enti­ties are the small com­mu­ni­ty banks, this is about main street and the effects on it. The gov­ern­ment dri­ven econ­o­my is print­ing mon­ey and push­ing it out. The pri­vate sec­tor needs to be larg­er than the gov­ern­ment sec­tor for a suc­cess­ful econ­o­my. 
• Trump signs EO to end law­fare and weaponiza­tion of gov­ern­ment. Nam­ing Perkins Coie in the exec­u­tive order, Trump is look­ing into 15 or more law firms. He is stop­ping their secu­ri­ty clear­ances and chan­nels into the gov­ern­ment. 
• Proxy War lay­out and the need to find peace.