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Scott Bessent: “We told ourselves that so long as goods were cheaper…”

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

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FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum

Published | Video Starts at 01:29

The truth is that for too long America had been asleep. We mistook comfort for strength. We substituted efficiency for resilience and consumption as a measure of prosperity. We told ourselves that so long as goods were cheaper overseas, it did not matter whether factories went dark in Michigan, Ohio or Pennsylvania. We assumed that supply chains would always function smoothly and adversaries would always behave responsibly. And the invisible hand would correct vulnerabilities that too few in public life had the courage to confront. (01:29–01:41)

CLAIM

Asserts that the U.S. prioritized cheaper overseas goods over domestic manufacturing.

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