Staff Reports
Treasury Secretary Scott Bessent says the Trump administration is pulling out all the stops to reverse Biden-era economic policies, with aggressive plans to tackle inflation and affordability. The administration is using every lever of government – from spending cuts to energy production – to undo what they call the “economic disaster” left by Democrats.
The Department of Government Efficiency (DOGE) led by Elon Musk is slashing federal bloat. Bessent dismissed media mockery of DOGE, insisting no one believes Washington can’t operate leaner. IRS staffing is already reportedly down 50%, though mainstream outlets ignore this progress. The USDA has driven a 25% drop in egg prices since their peak under Biden.
While critics claim tariffs hurt markets, Bessent argues they’re critical tools to reshore jobs and counter China. The administration is prepared for short-term volatility, believing tariffs will force trade partners like Europe and Mexico to negotiate fairer deals. Market turbulence is blamed on speculative excess, not trade policy.
Trump’s Day One executive order froze $500B+ in Biden’s “Green New Deal” spending, including electric vehicle mandates and climate grants. Bessent is fast-tracking oil/gas permits and pipeline projects to lower energy costs. Crude prices have already fallen 15% since January 20, 2025.
Bessent accused establishment outlets of spreading “fake news” worse than imagined. He cited deceptive reporting about IRS cuts and suppression of positive trends like falling mortgage rates. The Treasury team is bypassing traditional media, granting exclusives to outlets like Breitbart to get their message out.
Early results show promise – February’s inflation rate dipped to 0.2%, the lowest since summer 2023. Polls indicate independents increasingly approve of Trump’s economic stewardship. Bessent vows this is just the start: “We inherited a dumpster fire. Now we’re rebuilding American prosperity brick by brick.”
