Scott Bessent& Vought financial world is based on confidence: Obama deported 5M, Not kill economy


CNN’s Scott Jennings did battle on Kaitlan Collins’s show Friday night over the Scott Bessent and Ross Vought nominations the notion mass deportations of illegal immigrants will kill the economy… : First, on Trump nominating Bessent as Treasury Secretary: “Obviously, Trump trusts him and I do think Bessent has the ability to translate MAGA, you know, to Wall Street audiences and to financial audiences and that’s a good thing. I mean, we live in a communications world. The policies are one thing, but then you have to tell people what you’re doing, why you’re doing it, and why it’s good for the country. I mean, a lot of what happens, I think, in the financial world is based on confidence. Do we have confidence in what the government is doing? Do we have confidence in the President and his team? This is obviously a confidence pick. And so, I think it’ll be good. I think in the first term, Treasury was one of his most successful cabinets set up to be another round of that in the second go round, which is vital for him since he’s an economic kind of guy.”

CNN’s Scott Jennings on Trump selecting Russ Vought to return as OMB Director and meltdowns over #Project2025: “Hold on. There were plenty of people who were around that and plenty of things in that that are basic, standard Republican stuff, like, you know, cutting the size of the federal government, reducing the size of the bureaucracy. I mean, don’t threaten me with a good time. I hope he does it, and I hope he’s aggressive about it and — and, I mean — and — and so, this is not groundbreaking or, you know stuff. This is what Republicans have wanted for a very long time. And Vought is very skilled. He did a great job the first time around. I like that he’s coming back. He knows — you know, he knows where all the levers and knobs are and he’s he’s going to hopefully execute on this agenda that not just Donald Trump has said he wants that Republicans have said they’ve wanted for decades.”

Finally, CNN’s Scott Jennings on the left’s support for illegal immigration and claims that deportations will crush the U.S. economy…
Jennings: “Did [inflation] go up when Obama deported 5 million people? I think concerns about this are overblown. We’ve got 1.6 million people with deportation orders right now and another violent population. I mean, I don’t — I don’t think that alone is going to drive up the cost of groceries in the short term, and people want it to happen.”

Kaitlan Collins: “You don’t think mass deportations will affect the labor force or agriculture industry?”
Jamal Simmons: “Or building houses to bring the cost of [inaudible]?”
Rana Foroohar: “”Meat factories — meat factories”
Jennings: “I think this is –“
Collins: “Even if you’re pro- it, you have to consider that! I mean –“
Jennings: “– I think — I think if you get — if you exit people that have — already have deportation orders from the court and you exit people who are violent criminals, that is in no way, shape, or form going to hurt the economy, but it just might make people feel a little safer about their communities.”
Collins: “But they’re talking about way more than that, though, I think is part of this.”

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Scott Bessent & Ross Vought financial world is based on confidence: Obama deported 5M, Not kill economy

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