Elisabeth Bumiller: You Wonder How Much Some of These Billionaires in the Trump Admin Are Aware of the Effect of Tariffs on Ordinary Americans

‘They’re just discounting this turmoil that is terrifying’

EXCERPT:

BUMILLER: “You know, Scott Bessent on -- on -- on Sunday said on 'Meet the Press' that, you know, look, he -- he -- he said very cavalierly that the people who want to retire right now are not looking at the day-to-day fluctuations in their savings accounts --“
BRZEZINSKI: “Oh, my.”
BUMILLER: “-- which did not -- did not address 401(k)s. So you begin to wonder how much some of these billionaires in the Trump administration are aware of the effect on -- on ordinary Americans. Similarly, you know, Howard Lutnick, the Commerce Secretary, said his mother-in-law was not concerned about should-- should -- should her Social Security check not turn up in one month. So that is interesting to me that they're just discounting this turmoil that is terrifying a lot of people, particularly people who are about to retire or are retired and depending on income from their investments.”

 

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