Comment to this post: "It is such a shame that Scott Bessent is required, because of his position in government, to have to waste his time attempting to explain basic economic principles and facts to people like Maxine Waters and Gregory Meeks who are obviously totally incapable of understanding anything he is trying to tell them."
"Rep. Maxine Waters (D-Calif.) lashed out Wednesday at Treasury Secretary Scott Bessent — telling him at one point to “shut up” after a tense exchange over inflation.
"Waters suggested that President Trump’s tariffs were inflationary and that immigration enforcement was tanking housing affordability during a House Financial Services Committee hearing about the state of the US economy.
“ 'Will you be the voice of reason in the administration and urge Trump to stop waging a war on American consumers?” the Los Angeles Democrat pleaded. “Yes or no?”
“You seem confused as to the definition of inflation,” Bessent began before Waters interrupted him to re-ask the question.
The two then began talking over each other, with Bessent noting that the Biden administration “let in between 10 and 20 million immigrants” who “took up the housing stock of working Americans.” . . . More...
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