Thu Nov 07 11:30:00 UTC 2024: ## Trump Whisperer Slams “Garbage” Economy Report, Calls Harris “Economic Illiterate”

**NEW YORK, NY** – Scott Bessent, a hedge fund executive and prominent Trump supporter, has launched a scathing attack on the current state of the economy and its leading figures. Bessent, who has been floated as a potential Treasury Secretary in a second Trump administration, dismisses recent reports of a healthy economy as “garbage” and argues that the country is facing a dire economic crisis.

Bessent, a former protégé of George Soros, claims that the recent jobs report, which showed a meager increase in U.S. payrolls, is a sign of a buckling private sector. He also expresses concern over the rapidly growing federal debt, comparing the situation to the collapse of Enron. “We have these budget deficits we’ve never seen before when we’re not in a recession or war,” Bessent told Forbes.

He blames the current economic woes on the Biden administration’s policies, accusing them of fueling inequality and leaving the bottom 50% of Americans struggling. He specifically targets Vice President Kamala Harris, calling her an “economic illiterate” and dismissing a recent letter from 23 Nobel Prize-winning economists endorsing her economic agenda.

Bessent believes that the economy is “government induced” and that Trump’s policies, including his proposed tariff strategy, will be more effective in bolstering the economy. He defends Trump’s economic acumen, saying the former president is “very sophisticated” and has “lots of things he wants to talk about” on the campaign trail.

This fiery critique comes as the presidential race between Trump and Harris tightens, with some polls and betting markets now suggesting a close contest. Bessent, however, remains confident that Trump will prevail, citing a “long term structural view” that favors the former president. He has also been vocal about his support for a “shadow” Chair of the Federal Reserve, a proposal he believes would enhance the Fed’s credibility.

Bessent’s comments are likely to further fuel the political debate surrounding the U.S. economy, as the country navigates a complex landscape of inflation, interest rate hikes, and potential recession. Whether his warnings of an impending crisis prove true, Bessent’s views will undoubtedly shape the economic conversation in the run-up to the election.

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