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Scott Bessent: “We had a big increase in construction jobs.”

Featuring: Scott Bessent, Republican | Secretary of the Treasury | National

Scott Bessent: 'What the Iranians understand is brute FORCE'

Published February 12, 2026 | Video Starts at 02:07

But if the fourth quarter comes in around that level, we will bend about 3% for the year. And we are clearly accelerating from there. We've got very large foreign direct investment. And that showed up. We had a big increase in construction jobs. and everyone had been asking me for months, when are the manufacturing jobs going to appear? (02:07–02:11)

CLAIM

Asserts that there has been a significant increase in construction jobs.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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Scott Bessent

“There were more than 170,000 private sector jobs and there were about a 40,000 decrease in government jobs.”
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“Last month we hit a three year low in mortgage rates.”
Scott Bessent: 'What the Iranians understand is brute FORCE' | Uploaded February 12, 2026 | 06:17-06:22
“The affordability or the amount of income needed to buy the average house come down about 4%.”
Scott Bessent: 'What the Iranians understand is brute FORCE' | Uploaded February 12, 2026 | 06:44-06:51
“John Deere said that he's building two new factories, Indiana and North Carolina. The people in those states should know that that's because…”
Scott Bessent: 'What the Iranians understand is brute FORCE' | Uploaded February 12, 2026 | 10:52-11:01
“We put the necessary ingredients policies into place and now they're starting to pay off.”
Scott Bessent: 'What the Iranians understand is brute FORCE' | Uploaded February 12, 2026 | 00:36-00:43
“We are re privatizing the economy.”
Scott Bessent: 'What the Iranians understand is brute FORCE' | Uploaded February 12, 2026 | 01:02-01:05
“If the fourth quarter comes in around that level, we will bend about 3% for the year.”
Scott Bessent: 'What the Iranians understand is brute FORCE' | Uploaded February 12, 2026 | 01:53-01:59
“We've got very large foreign direct investment.”
Scott Bessent: 'What the Iranians understand is brute FORCE' | Uploaded February 12, 2026 | 02:02-02:06
“I would expect a continual pickup in construction.”
Scott Bessent: 'What the Iranians understand is brute FORCE' | Uploaded February 12, 2026 | 02:40-02:44
“We both want higher deposit insurance levels to help community banks.”
Scott Bessent: 'What the Iranians understand is brute FORCE' | Uploaded February 12, 2026 | 05:14-05:21
“We both want to see the crypto legislation, the Clarity act, get done.”
Scott Bessent: 'What the Iranians understand is brute FORCE' | Uploaded February 12, 2026 | 05:21-05:26
“The Fed...lowered rates twice.”
Scott Bessent: 'What the Iranians understand is brute FORCE' | Uploaded February 12, 2026 | 06:21-06:28
“The spread between the treasury bond and the mortgage rate has compressed.”
Scott Bessent: 'What the Iranians understand is brute FORCE' | Uploaded February 12, 2026 | 06:34-06:42
“Nationally we're seeing rents come down.”
Scott Bessent: 'What the Iranians understand is brute FORCE' | Uploaded February 12, 2026 | 06:51-06:53
“The President last March gave me the order via treasury to exert maximum pressure on the Iranians and it worked.”
Scott Bessent: 'What the Iranians understand is brute FORCE' | Uploaded February 12, 2026 | 08:20-08:30
“We are tracking the Iranian leadership, the money that they're sending around the world.”
Scott Bessent: 'What the Iranians understand is brute FORCE' | Uploaded February 12, 2026 | 08:58-09:03
“The President has done tax deals, peace deals and trade deals.”
Scott Bessent: 'What the Iranians understand is brute FORCE' | Uploaded February 12, 2026 | 10:22-10:27
“The tax deal, whether it's the full expensing for corporates, for both capital expenditure and factories, I think that's what's driving this…”
Scott Bessent: 'What the Iranians understand is brute FORCE' | Uploaded February 12, 2026 | 10:26-10:38
“The trade deals are bringing money in from overseas like we've never seen before.”
Scott Bessent: 'What the Iranians understand is brute FORCE' | Uploaded February 12, 2026 | 10:38-10:44
“We could see substantial decreases in the oil price with Venezuela, Iran, and if Russia, Ukraine gets solved, that's a lot more oil that…”
Scott Bessent: 'What the Iranians understand is brute FORCE' | Uploaded February 12, 2026 | 11:04-11:17