Bessent slams US supporters of socialism as 'underachievers'
Treasury Secretary Scott Bessent described U.S. supporters of socialism Tuesday as “underachievers” who are “jealous” of others. “When you talk about socialism here in the U.S., and when you look at the demographic of those voters, they are over-educated and under-earning,”…
Treasury Secretary Scott Bessent described U.S. supporters of socialism Tuesday as “underachievers” who are “jealous” of others. “When you talk about socialism here in the U.S., and when you look at the demographic of those voters, they are over-educated and under-earning,”…
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Why it matters
This is a political commentary by a Treasury Secretary without direct implications for credit markets or financial conditions, thus it is routine noise for this readership.
Sources
The Hill Business
Bessent slams US supporters of socialism as 'underachievers'
Treasury Secretary Scott Bessent described U.S. supporters of socialism Tuesday as “underachievers” who are “jealous” of others. “When you talk about socialism here in the U.S., and when you look at the demographic of those voters, they are over-educated and under-earning,”…