--- title: "Meaning & Key Takeaway of: We had a great economy under Trump 1.0." description: "\"We had a great economy under Trump 1.0.\" — Scott Bessent" image: "https://sms4smile.com/quotes/i/50f/scott-bessent-8205_economics_we-had-a-great-economy-under-trump-1-0-3_3106070.jpg" --- # We had a great economy under Trump 1.0. ![“We had a great economy under Trump 1.0.” quote by Scott Bessent](https://sms4smile.com/quotes/i/50f/scott-bessent-8205_economics_we-had-a-great-economy-under-trump-1-0-3_3106070.jpg) [Download](https://sms4smile.com/quotes/i/50f/scott-bessent-8205_economics_we-had-a-great-economy-under-trump-1-0-3_3106070.jpg) [Open image](https://sms4smile.com/quotes/i/50f/scott-bessent-8205_economics_we-had-a-great-economy-under-trump-1-0-3_3106070.jpg) > “We had a great economy under Trump 1.0.” [Scott Bessent](https://sms4smile.com/quotes/author/scott-bessent/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. The speaker claims the economy was strong during Trump's first term, implying a positive assessment of his policies. **In simple terms:** Trump's first term economy praised. Key Takeaway Consider policy impact on growth. Themes economics politics leadership Mood analytical critical Type political economic When to use this quote - business decisions - investment strategies - public opinion - media analysis Key Concepts Macroeconomic performance policy evaluation Questions to Reflect On - How do you measure economic success? - What metrics matter most? A Different Perspective Economic data may contradict perception. ★ ★ ★ ★ ★ No ratings yet [Economics](https://sms4smile.com/quotes/about/economics/) [Economy](https://sms4smile.com/quotes/about/economy/) [Economy Trump](https://sms4smile.com/quotes/about/economy-trump-487674/) [Great](https://sms4smile.com/quotes/about/great/) [Great Economy](https://sms4smile.com/quotes/about/great-economy-1382521/) [Had](https://sms4smile.com/quotes/about/had/) [Trump](https://sms4smile.com/quotes/about/trump/) ## Related quotes > [While our corporatists burn incense at the shrine of the global economy, Trump went to visit the working-class casualties. And those forgotten Americans in…](https://sms4smile.com/quotes/pat-buchanan/while-our-corporatists-burn-incense-at-the-shrine-of-the-global/) [Pat Buchanan](https://sms4smile.com/quotes/author/pat-buchanan/) > [In short, it's a great economy if you're a high-level corporate executive or someone who owns a lot of stock. For most other Americans,…](https://sms4smile.com/quotes/paul-krugman/in-short-it-s-a-great-economy-if-you-re-a-high-level-corporate/) [Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/) > [It is by great economy of means that one arrives at simplicity of expression.](https://sms4smile.com/quotes/henri-cartier-bresson/it-is-by-great-economy-of-means-that-one-arrives-at-simplicity-of/) [Henri Cartier-Bresson](https://sms4smile.com/quotes/author/henri-cartier-bresson/) > [The global industrial economy is the engine for massive environmental degradation and massive human (and nonhuman) impoverishment.](https://sms4smile.com/quotes/derrick-jensen/the-global-industrial-economy-is-the-engine-for-massive-environmental/) [Derrick Jensen](https://sms4smile.com/quotes/author/derrick-jensen/) > [The challenge is either to build an economy that is sustainable or to stay with our unsustainable economy until it declines. It is not…](https://sms4smile.com/quotes/lester-r-brown/the-challenge-is-either-to-build-an-economy-that-is-sustainable-or-to/) [Lester R. Brown](https://sms4smile.com/quotes/author/lester-r-brown/) > [Lobbying' is the activity of attempting to influence legislation by privately influencing the legislators. It is the result and creation of a mixed economy-of…](https://sms4smile.com/quotes/ayn-rand/lobbying-is-the-activity-of-attempting-to-influence-legislation-by/) [Ayn Rand](https://sms4smile.com/quotes/author/ayn-rand/) > [I made an effort to ensure social safeguards. But our economy has to grow - and Chile, with a population of 17 million, cannot…](https://sms4smile.com/quotes/michelle-bachelet/i-made-an-effort-to-ensure-social-safeguards-but-our-economy-has-to/) [Michelle Bachelet](https://sms4smile.com/quotes/author/michelle-bachelet/) > [I went back to graduate school with the clear intention that what I wanted to do with my life was to improve societies, and…](https://sms4smile.com/quotes/douglass-north/i-went-back-to-graduate-school-with-the-clear-intention-that-what-i/) [Douglass North](https://sms4smile.com/quotes/author/douglass-north/) > [“You might be interested in his economic philosophy, Mr. Mason. He believed men attached too much importance to money as such. He believed a…](https://sms4smile.com/quotes/erle-stanley-gardner/you-might-be-interested-in-his-economic-philosophy-mr-mason-he/) [Erle Stanley Gardner](https://sms4smile.com/quotes/author/erle-stanley-gardner/) > [It turns out the businessman knows more about how the economy really works than the chattering class. What a shock.](https://sms4smile.com/quotes/stephen-moore/it-turns-out-the-businessman-knows-more-about-how-the-economy-really/) [Stephen Moore](https://sms4smile.com/quotes/author/stephen-moore/) > [In an economy increasingly dominated by network effects, peer-to-peer transactions, self-regulation, and contract labor, the old frameworks are woefully irrelevant.](https://sms4smile.com/quotes/anand-giridharadas/in-an-economy-increasingly-dominated-by-network-effects-peer-to-peer/) [Anand Giridharadas](https://sms4smile.com/quotes/author/anand-giridharadas/) > [Right now, the government is spending billions of dollars supporting the problem-makers in the U.S. economy - the polluters, despoilers, incarcerators, and warmongers.](https://sms4smile.com/quotes/van-jones/right-now-the-government-is-spending-billions-of-dollars-supporting/) [Van Jones](https://sms4smile.com/quotes/author/van-jones/) > [Having an economy that works for the 99% is achievable.](https://sms4smile.com/quotes/winnie-byanyima/having-an-economy-that-works-for-the-99-is-achievable/) [Winnie Byanyima](https://sms4smile.com/quotes/author/winnie-byanyima/) > [Politics is about power. It is about the power of the state. It is about the power of the state as applied to individuals,…](https://sms4smile.com/quotes/kevin-rudd/politics-is-about-power-it-is-about-the-power-of-the-state-it-is/) [Kevin Rudd](https://sms4smile.com/quotes/author/kevin-rudd/) > [Advances in technology will continue to reach far into every sector of our economy. Future job and economic growth in industry, defense, transportation, agriculture,…](https://sms4smile.com/quotes/christopher-bond/advances-in-technology-will-continue-to-reach-far-into-every-sector/) [Christopher Bond](https://sms4smile.com/quotes/author/christopher-bond/) ## More by Scott Bessent > [If Vice President Albert Arnold Gore, Jr. had won his home state of Tennessee on November 7, 2000, he would have become president of…](https://sms4smile.com/quotes/scott-bessent/if-vice-president-albert-arnold-gore-jr-had-won-his-home-state-of/) [Scott Bessent](https://sms4smile.com/quotes/author/scott-bessent/) > [Our firm: We study history. We think about the future. We try to analyze what's going on in the present.](https://sms4smile.com/quotes/scott-bessent/our-firm-we-study-history-we-think-about-the-future-we-try-to-analyze/) [Scott Bessent](https://sms4smile.com/quotes/author/scott-bessent/) > [Tariffs can't be inflationary because if the price of one thing goes up, unless you give people more money, then they have less money…](https://sms4smile.com/quotes/scott-bessent/tariffs-can-t-be-inflationary-because-if-the-price-of-one-thing-goes/) [Scott Bessent](https://sms4smile.com/quotes/author/scott-bessent/) > [President Trump's first-term tariffs did not raise the prices of the affected goods, despite predictions back then that the tariffs would prove inflationary. Indeed,…](https://sms4smile.com/quotes/scott-bessent/president-trump-s-first-term-tariffs-did-not-raise-the-prices-of-the/) [Scott Bessent](https://sms4smile.com/quotes/author/scott-bessent/) > [We are stretching our nation's finances and creditworthiness so thin that we may find ourselves unable to afford to defend our interests around the…](https://sms4smile.com/quotes/scott-bessent/we-are-stretching-our-nation-s-finances-and-creditworthiness-so-thin/) [Scott Bessent](https://sms4smile.com/quotes/author/scott-bessent/) > [Treasury Secretary Janet Yellen has distorted Treasury markets by borrowing more than $1 trillion in more-expensive shorter-term debt compared with historical norms. Terming out…](https://sms4smile.com/quotes/scott-bessent/treasury-secretary-janet-yellen-has-distorted-treasury-markets-by/) [Scott Bessent](https://sms4smile.com/quotes/author/scott-bessent/) > [The original sin of Bidenomics was the American Rescue Plan, which became law in March 2021.](https://sms4smile.com/quotes/scott-bessent/the-original-sin-of-bidenomics-was-the-american-rescue-plan-which/) [Scott Bessent](https://sms4smile.com/quotes/author/scott-bessent/) > [Used strategically, tariffs can increase revenue to the Treasury, encourage businesses to restore production and reduce our reliance on industrial production from strategic rivals.](https://sms4smile.com/quotes/scott-bessent/used-strategically-tariffs-can-increase-revenue-to-the-treasury/) [Scott Bessent](https://sms4smile.com/quotes/author/scott-bessent/) > [Academic economists have consistently discredited themselves by wrongly warning against the policies of President Trump.](https://sms4smile.com/quotes/scott-bessent/academic-economists-have-consistently-discredited-themselves-by/) [Scott Bessent](https://sms4smile.com/quotes/author/scott-bessent/) > [I grew up on a fishing village, a little river, South Carolina.](https://sms4smile.com/quotes/scott-bessent/i-grew-up-on-a-fishing-village-a-little-river-south-carolina/) [Scott Bessent](https://sms4smile.com/quotes/author/scott-bessent/) > [Allowing the private sector rather than the government to allocate capital is crucial to growth.](https://sms4smile.com/quotes/scott-bessent/allowing-the-private-sector-rather-than-the-government-to-allocate/) [Scott Bessent](https://sms4smile.com/quotes/author/scott-bessent/) > [Despite its many flaws, abandoning the international trading system would be a major economic and strategic mistake. Instead, the United States must adopt policies…](https://sms4smile.com/quotes/scott-bessent/despite-its-many-flaws-abandoning-the-international-trading-system/) [Scott Bessent](https://sms4smile.com/quotes/author/scott-bessent/) > [The reserve currency can go up and down based on the market.](https://sms4smile.com/quotes/scott-bessent/the-reserve-currency-can-go-up-and-down-based-on-the-market/) [Scott Bessent](https://sms4smile.com/quotes/author/scott-bessent/) > [Trump does like to pick fights, but it is a mistake to think he is transactional on China.](https://sms4smile.com/quotes/scott-bessent/trump-does-like-to-pick-fights-but-it-is-a-mistake-to-think-he-is/) [Scott Bessent](https://sms4smile.com/quotes/author/scott-bessent/) > [The Federal Reserve was forced to raise rates at a record pace after the demand shock created by Biden's multi-trillion-dollar spending packages were launched…](https://sms4smile.com/quotes/scott-bessent/the-federal-reserve-was-forced-to-raise-rates-at-a-record-pace-after/) [Scott Bessent](https://sms4smile.com/quotes/author/scott-bessent/) [Explore all 83 Scott Bessent quotes ](https://sms4smile.com/quotes/author/scott-bessent/) ## More Economics quotes > [Don't let's lose sight of what creates wealth. It is open markets, it is capitalism.](https://sms4smile.com/quotes/rupert-murdoch/don-t-let-s-lose-sight-of-what-creates-wealth-it-is-open-markets-it/) [Rupert Murdoch](https://sms4smile.com/quotes/author/rupert-murdoch/) > [Crony capitalism is essentially a condition in which... public officials are giving favours to people in the private sector in payment of political favours.](https://sms4smile.com/quotes/alan-greenspan/crony-capitalism-is-essentially-a-condition-in-which-public-officials/) [Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/) > [Our biggest challenge is to eliminate the popular perception that economists don't have anything useful to say.](https://sms4smile.com/quotes/mark-zandi/our-biggest-challenge-is-to-eliminate-the-popular-perception-that/) [Mark Zandi](https://sms4smile.com/quotes/author/mark-zandi/) > [Advances in technology will continue to reach far into every sector of our economy. Future job and economic growth in industry, defense, transportation, agriculture,…](https://sms4smile.com/quotes/christopher-bond/advances-in-technology-will-continue-to-reach-far-into-every-sector/) [Christopher Bond](https://sms4smile.com/quotes/author/christopher-bond/) > [Our engagement through international economics, trade, these trade agreements, is vital and is linked to our national security. This is a lesson we learned…](https://sms4smile.com/quotes/charles-boustany/our-engagement-through-international-economics-trade-these-trade/) [Charles Boustany](https://sms4smile.com/quotes/author/charles-boustany/) > [“The free-market economy and globalisation process have brought about, in the late twentieth and early twenty-first century, a sharp and sudden rise in the…](https://sms4smile.com/quotes/yaakov-malkin/the-free-market-economy-and-globalisation-process-have-brought-about/) [Yaakov Malkin](https://sms4smile.com/quotes/author/yaakov-malkin/) > [“Everything economic science posits as given, that is, the range of dispositions of the economic agent which ground the illusion of the ahistorical universality…](https://sms4smile.com/quotes/pierre-bourdieu/everything-economic-science-posits-as-given-that-is-the-range-of/) [Pierre Bourdieu](https://sms4smile.com/quotes/author/pierre-bourdieu/) > [Politics is about power. It is about the power of the state. It is about the power of the state as applied to individuals,…](https://sms4smile.com/quotes/kevin-rudd/politics-is-about-power-it-is-about-the-power-of-the-state-it-is/) [Kevin Rudd](https://sms4smile.com/quotes/author/kevin-rudd/) > [Having an economy that works for the 99% is achievable.](https://sms4smile.com/quotes/winnie-byanyima/having-an-economy-that-works-for-the-99-is-achievable/) [Winnie Byanyima](https://sms4smile.com/quotes/author/winnie-byanyima/) > [“a select group of high-performing companies have managed to close the strategy-to-performance gap through better planning and execution. These companies—Barclays, Cisco Systems, Dow Chemical,…](https://sms4smile.com/quotes/michael-c-mankins/a-select-group-of-high-performing-companies-have-managed-to-close-the/) [Michael C. Mankins](https://sms4smile.com/quotes/author/michael-c-mankins/) > [The system of private property is the most important guaranty of freedom, not only for those who own property, but scarcely less for those…](https://sms4smile.com/quotes/friedrich-august-von-hayek/the-system-of-private-property-is-the-most-important-guaranty-of/) [Friedrich August von Hayek](https://sms4smile.com/quotes/author/friedrich-august-von-hayek/) > [Economists think about what people ought to do. Psychologists watch what they actually do.](https://sms4smile.com/quotes/daniel-kahneman/economists-think-about-what-people-ought-to-do-psychologists-watch/) [Daniel Kahneman](https://sms4smile.com/quotes/author/daniel-kahneman/) > [The politician attempts to remedy the evil by increasing the very thing that caused the evil in the first place: legal plunder.](https://sms4smile.com/quotes/frederic-bastiat/the-politician-attempts-to-remedy-the-evil-by-increasing-the-very/) [Frederic Bastiat](https://sms4smile.com/quotes/author/frederic-bastiat/) > [“Economists have a singular method of procedure. There are only two kinds of institutions for them, artificial and natural. The institutions of feudalism are…](https://sms4smile.com/quotes/karl-marx/economists-have-a-singular-method-of-procedure-there-are-only-two/) [Karl Marx](https://sms4smile.com/quotes/author/karl-marx/) > [As the variable capital always stays in the hands of the capitalist in some form or other, it cannot be claimed in any way…](https://sms4smile.com/quotes/karl-marx/as-the-variable-capital-always-stays-in-the-hands-of-the-capitalist/) [Karl Marx](https://sms4smile.com/quotes/author/karl-marx/) [Browse all 7,788 Economics quotes ](https://sms4smile.com/quotes/about/economics/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "We had a great economy under Trump 1.0.", "creator": { "@type": "Person", "name": "Scott Bessent" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/scott-bessent/we-had-a-great-economy-under-trump-1-0/", "about": { "@type": "Thing", "name": "Economics" }, "@id": "https://sms4smile.com/quotes/scott-bessent/we-had-a-great-economy-under-trump-1-0/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/50f/scott-bessent-8205_economics_we-had-a-great-economy-under-trump-1-0-3_3106070.jpg", "contentUrl": "https://sms4smile.com/quotes/i/50f/scott-bessent-8205_economics_we-had-a-great-economy-under-trump-1-0-3_3106070.jpg", "url": "https://sms4smile.com/quotes/i/50f/scott-bessent-8205_economics_we-had-a-great-economy-under-trump-1-0-3_3106070.jpg", "width": 1080, "height": 1080, "caption": "“We had a great economy under Trump 1.0.” — Scott Bessent", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Scott Bessent", "item": "https://sms4smile.com/quotes/author/scott-bessent/" }, { "@type": "ListItem", "position": 4, "name": "We had a great economy under...", "item": "https://sms4smile.com/quotes/scott-bessent/we-had-a-great-economy-under-trump-1-0/" } ], "@id": "https://sms4smile.com/quotes/scott-bessent/we-had-a-great-economy-under-trump-1-0/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```