Saturday, April 18, 2026

Easy for him to say: Treasury Secretary Scott Beasant (net worth: $700 million) shrugs off economic woes brought on my Trump War of Whimsy

 
Headline:  New York Times, 4/16/2026

Tony Romm and Colby Smith report:
Appearing at an event hosted by CNBC, Scott Bessent, the Treasury secretary, acknowledged on Wednesday that the spike in gas prices could cut into Americans’ tax refunds, which he described as more generous under Mr. Trump. Federal data suggest those refunds are not as large as the White House once predicted. 
Still, Mr. Bessent stressed at a White House briefing that day that he believed gas prices could fall to around $3 per gallon by the summer, adding that the timetable for relief would hinge on the negotiations. 
“I’m optimistic that sometime between June 20 and Sept. 20 that we can have $3 gas again,” he said.

Related posts:
April 2026
Trump War of Whimsey: 21 days later, Strait of Hormuz is still closed.  (4/12)Fox News Looney Tunes:  Build a canal to bypass the Strait of Hormuz.  (4/10)

Tariffs, trade war, Strait of Hormuz blockade:  Trump piles on pain on American farmers .  (3/17)

March 11-15, 2026

No comments: