Jawbone Of An Ass

Here’s a list of Scott Bessent’s wrong predictions and/or promises that didn’t happen:

February 5, 2025: Long-term interest rates would come down as Trump’s economic policies took effect.

Spring 2025: The federal deficit would move toward 3% of GDP.

Spring 2025: Trump’s… https://t.co/5AGGGckJ6C

— MeidasTouch (@MeidasTouch) September 6, 2026

Here’s a list of Scott Bessent’s wrong predictions and/or promises that didn’t happen:

February 5, 2025: Long-term interest rates would come down as Trump’s economic policies took effect.

Spring 2025: The federal deficit would move toward 3% of GDP.

Spring 2025: Trump’s policies would produce roughly 3% sustained real GDP growth.

July 8, 2025: The U.S. would collect well over $300 billion in tariff revenue in 2025.

September 1, 2025: The Supreme Court would uphold Trump’s emergency tariffs.

September 7, 2025: The economy would see a “substantial acceleration” in Q4 2025.

December 7–16, 2025: 2025 would finish with 3% to 3.5% real GDP growth.

December 16, 2025: Inflation would see a substantial drop in the first six months of 2026.

February 20, 2026: The economy could grow at least 3.5% in 2026.

April 14, 2026: 2026 GDP growth could easily exceed 3% or 3.5%.

April 14, 2026: Core inflation was falling and the Federal Reserve would need to cut interest rates.

April 14, 2026: Trump’s tariffs could be restored to their previous levels by the beginning of July.

June 2026: Again maintained that 2026 growth could reach roughly 3% to 3.5%.

2025–26: Lower energy prices, fiscal restraint and Trump’s policies would bring down long-term Treasury yields.

2025–26: Faster growth and tariff revenue would materially improve the federal deficit.

And now we get to track this one:

September 5, 2026: Oil could eventually fall to $40–$50 per barrel after the Iran war ends. The economy is now “in the liftoff phase.”

From that same interview:

Bessent: There's probably only 30 million barrels of Iranian oil left that China has not bought. That will run out soon and there will be no problem with China. The blockade is working. It's working like nothing we have ever seen pic.twitter.com/gZR1hFzXRX

— Acyn (@Acyn) September 6, 2026

????

Bessent: I would like someone to show me the statistical significance of the Canadian tariffs on US prices. I’m happy to debate them. pic.twitter.com/xuT67qc7jB

— Acyn (@Acyn) September 6, 2026

Statistically, the economy was in good shape under Biden. Turns out, you can’t eat statistics.

Bessent: Because of the elevated energy prices, we are at a headline inflation rate of about 3.5. Americans on average are breaking even and working-class Americans at the bottom of the wage spectrum are doing a little better.

The good news is wage increases are going to keep… pic.twitter.com/9FXsLqHqcX

— Acyn (@Acyn) September 6, 2026

Statistically speaking.

And when does this war that isn’t a war end, if we have to maintain control over the Strait of Hormuz to keep the oil flowing and the blockade working?

🤡🎪