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Tipsheet

Here's the Scott Bessent Response That Sent This House Dem Into Meltdown Mode

AP Photo/Ben Curtis

Treasury Secretary Scott Bessent testified before the House Committee on Financial Services, where he spoke about the intricacies of international finance and President Trump’s tariff policy, which the markets now realize is a negotiating tactic. We didn’t have the apocalyptic April that the fake news press was lusting for, declaring that we were on track for the worst month on Wall Street since 1932. Instead, we’ve had a historic rebound from the market readjustment we all knew was coming. 

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Bessent knew there would be loudmouths today—this is the House Democratic Caucus. So, if they’re going to be unserious, he might as well join the fun. While facing a hostile Rep. Gregory Meeks (D-NY), the congressman asked Bessent who was president in 2024. 

“One believes, President Biden,” Bessent responded. 

It was a joke, and it sailed right over Meeks’ head. It sent Meeks into a tailspin: 

Bessent also wasn’t going to sabotage ongoing trade negotiations, which Rep. Nydia Velázquez (D-NY) demanded to know: 

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CONSERVATISM

There were some light moments, too. But Bessent, like most in the Trump administration, knows the Democrats and the media’s game, which gives them the upper hand in these duels. It’s like watching killer whales play with their food.

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