The David Lin Report · Tuesday, September 1, 2026
Treasury Secretary Scott Bessent described the US economy as having stabilized after facing significant challenges, comparing the situation to an emergency room patient now in the healing phase. He highlighted increasing real incomes, a technological surge, reshoring of industries, and growth in private sector construction jobs, noting that these private sector gains are benefiting lower-income workers.
“And we were left with a mess. I say sometimes that I feel like an emergency room doctor and the economy is the patient and the American people were backed over by the Biden Mac truck. And we have stabilized the patient. And now we are in the, uh, healing portion. And real incomes are increasing. We will get the other side of this Iran conflict and we are seeing this technological burst in the US. We are seeing a re, the industrialization. We've seen construction jobs. And what's what is important now for the US is these are private sector jobs. And we are seeing a decrease in government jobs as the president says, he could create 2 million jobs if he wanted to, they'd be government jobs. And one of the reasons that we are seeing the low income workers, the bottom 25% uh, do better than the top 25 is because these are private sector jobs.”