At the Economic Club of New York, President Trump delivered a keynote speech outlining his vision for 'Trump 2.0.' Scott Bessent, founder of Key Square Group, attended the event and reported on Trump's confident delivery, which extended to over an hour despite a planned 30-35 minute timeframe. Trumpβs focus on restoring American exceptionalism highlighted the importance of economic independence and national security. He criticized Vice President Kamala Harris, asserting she lacks economic expertise and a clear vision. Trump's approach prioritizes less regulation and lower taxes, allowing citizens to maintain more control over their finances. Bessent emphasized that Trump's melding of economic policy with national security is crucial, especially given rising threats from global powers. Amid a staggering $3.6 trillion budget deficit since January 2023, Bessent urged the necessity to grow the economy wisely rather than resorting to taxing or printing money. The speech also addressed the implications of raising corporate taxes, warning that it could stifle confidence and limit growth opportunities. As the U.S. navigates through significant debt and dwindling jobs, Trump's plan proposes a more privatized economy contrasted with the current administration's approach, which is perceived as leading to financial stagnation. The American people, according to Bessent, deserve better and need to make informed choices in the upcoming elections to secure a flourishing future.
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