https://blog.umb.com/institutional-banking-3-3-3-plan-and-the-path-forward/
The above is the blog post I’d like to understand better in a simplified way. Thank you to whom ever replies in advance!
https://blog.umb.com/institutional-banking-3-3-3-plan-and-the-path-forward/
The above is the blog post I’d like to understand better in a simplified way. Thank you to whom ever replies in advance!
Comments
If everything I wish would happen happens without anything else mattering, that, and if my grandmother had wheels she’d be a wagon
Reading this gave me a stroke. Seriously, this isn’t a “plan” at all. It’s just three benchmarks. So he wants a 3% budget deficit, 3% GDP growth, and a 3 MMbbl/day increase in oil production. Nice, who wouldn’t want that? Unfortunately, none of those benchmarks are within the power of the Treasury Department.
The article suggests next to nothing in the way of actual plans either. The word “deregulation” pops up a couple times, but (1) Trump is clearly increasing regulation, see his immigration and tariff policies, (2) there is no connection between regulation and government spending, and (3) increasing oil production would involve increasing regulation anyway, since American oil is less regulated then any other place on Earth, and in a totally deregulated market, oil companies will only produce more oil if it’s profitable.
Either this post is completely misunderstanding Bessent, or this plan is just a slogan with no plan at all.