Trump's Treasury Secretary Calls Stock Market Drop 'Healthy' as Americans Struggle

The U.S. stock market has lost $5 trillion in value over the last three weeks, leaving many Americans worried about their investments. However, Trump's Treasury Secretary Scott Bessent is not concerned, calling the market drop "healthy" and "normal."

In an interview on NBC's Meet the Press, Bessent dismissed the significant market losses, saying "I'm not worried about the markets. Over the long term, if we put good tax policy in place, deregulation and energy security, the markets will do great."

When pressed on whether a recession could be on the horizon, Bessent did not rule it out, saying "There are no guarantees." He predicted the economy will recover in the future thanks to Trump administration policies, despite recent moves like tariffs that have contributed to the market decline.

Bessent, a former hedge fund chief with a net worth of at least $521 million, seems insulated from the real-world impacts a market downturn and potential recession could have on average Americans. While he may view the losses as just a "healthy correction," many families could face job losses and depleted retirement savings.

The Trump administration's handling of the economy appears to be out of step with public sentiment. A recent NBC News poll found 54% of voters disapprove of Trump's performance on the economy, while only 44% approve. Ratings on inflation and cost of living are similarly underwater, with 55% disapproving and just 42% approving.

These numbers represent a significant shift from previous polls where the majority of Americans supported Trump's economic stewardship. It seems the pain of rising prices, market volatility, and economic uncertainty is taking a toll, even as the Trump-appointed Treasury Secretary dismisses these very real concerns.

As the administration pushes policies that may benefit the wealthy and well-connected, everyday Americans are left to wonder if anyone in Washington is truly fighting for them and their financial wellbeing. The disconnect between Bessent's perspective and the struggles faced by many households is a troubling sign for the country's economic future.