The Michael Knowles Show Michael Knowles In The White House EXCLUSIVE Updates & Interviews
Sep 1, 2025
Michael hosts two former government officials: Scott Bessent, the ex-Secretary of the Treasury with a rich finance background, and Scott Turner, the former Secretary of Housing and Urban Development and a professional football player. They dive into contrasting economic experiences under Trump, tackle housing affordability, and explore potential reforms for American taxpayers. The conversation underscores the need for principles over politics, emphasizing the role of purposeful leadership in addressing today's urban challenges.
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Parallel Prosperity Goal
- Scott Bessent calls the administration's goal "parallel prosperity," aiming for both Wall Street and Main Street to thrive.
- He argues policy must reverse decades of offshoring so working Americans can regain middle-class opportunities.
Tariffs As Reshoring Tool
- Bessent argues tariffs and reshoring aim to rebuild domestic manufacturing lost to offshoring.
- He says restoring production will change how foreign surpluses invest in the U.S. and improve distributional outcomes.
Watch Retail Absorption Of Tariffs
- Do not assume tariff costs will fully pass to consumers; retailers often absorb some costs.
- Monitor preference shifts and domestic substitution that can limit consumer price impacts.
