Staff Reports
In the latest news from the fiscal frontier, Treasury Secretary Scott Bessent seems to be not just improving the economy—he’s doing some serious economic juggling. Under his keen eye and steady hand, things are beginning to stabilize, and signs of recovery are evident. The border situation has tightened, putting the kibosh on mass immigration, which is starting to lift the market from the pits it’s been wallowing in, with housing prices becoming more affordable and wages getting some much-needed elevation.
People are once again able to consider homeownership, as home sales in October bolstered a more optimistic outlook. Energy prices are showing a pleasant downturn, with gas prices giving drivers across the country a reason to breathe a sigh of relief. It’s particularly timely with the Thanksgiving season approaching, when people would rather focus on turkey and stuffing rather than an empty wallet.
However, not everyone seems to appreciate the progress. The usual culprits in the media are spinning this into apocalyptic tales, with some arguing that tighter immigration policies might deplete the economy. The narrative suggests that without the so-called “illegal alien surfer class,” the economy could lose consumer spending and tax contributions. Ignored are the burdens on schools, healthcare, and infrastructure, which bear the brunt of supporting those who are not contributing proportionately.
Having fewer folks jamming our hospitals and schools with their sudden needs should be seen as a win. It’s a return to simplicity—basic economics of supply and demand coming into play without the illegal influx complicating matters. While skepticism remains, the reality is that having a controlled, lawful entry system allows for better resource allocation and future planning. Scott Bessent’s understanding of the ebb and flow of our economy seems to provide more stability than the previous administration’s shaky policies.
Overall, the efforts from Bessent and the current administration reflect a pragmatic approach aiming for long-term gains with less immediate fanfare. While folks may be anxious for more rapid relief, it’s worth remembering that the wheels of positive economic policies do turn slowly. Nonetheless, there’s reason for optimism as we see the groundwork laid for a more robust economy, complete with broader opportunities and fewer burdens from unsustainable practices inherited from the past. It’s a path that promises growth and resilience, with Bessent’s team clearing the way towards a brighter economic horizon.
