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Musk favors Lutnick over Bessent for Treasury secretary to drive real economic change.
Both Lutnick and Bessent back Trump’s policies, but Lutnick promises a bolder approach.
Musk urges followers to influence Trump’s choice for leading the country’s finances.
Elon Musk has publicly backed Howard Lutnick, CEO of Cantor Fitzgerald, for the position of Treasury secretary in Donald Trump’s administration. Musk argued that Lutnick, who has been a devoted Trump ally, could bring major change to the role. Musk compared Lutnick’s potential to Scott Bessent, a leading contender, saying Bessent represented business as usual and lacked the boldness needed for America’s economic future.
The Debate Between Lutnick and Bessent
Lutnick and Bessent both have strong ties to Trump, but Musk sees Lutnick as the candidate who will push for reform. Bessent, founder of Key Square Capital, has received widespread support but Musk believes he would continue existing economic policies without the necessary transformation. Lutnick, on the other hand, is seen as someone who could enact new ideas and policies that break from tradition.
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Elon Musk endorsed Howard Lutnick for Treasury Secretary.
While Bessent has a well-established reputation on Wall Street, Lutnick’s ability to influence change makes him an appealing option. Both men have experience with economic policy but Musk emphasized that a new direction is needed for America’s future.
Economic Challenges and the Role of Treasury Secretary
The next Treasury chief will be tasked with tackling important issues like tariffs and digital assets, which have been central to Trump’s monetary agenda. Both Lutnick and Bessent have supported Trump’s tariff policies and embraced the growth of digital currencies. Lutnick’s background in investment banking and his strong stance on digital assets give him an advantage when handling these emerging issues.
Additionally, both candidates share the view that America needs to adapt to global economic changes. Hence, the question of which leader will best guide the country through these challenges remains at the forefront of this debate.
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Public Influence and Endorsements in the Selection Process
Musk called on his followers to offer feedback on who should lead America’s economy, amplifying the role of public opinion in Trump’s decision. Lutnick, with his long history of supporting Trump, has a clear advantage in this regard. He has hosted fundraisers for Trump and helped review potential Cabinet members. Bessent, however, also has his supporters, including Republican Senator Lindsey Graham, who praised his qualifications.
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The decision on who will lead the Treasury will shape the direction of America’s economic policy. The question now is whether Trump will choose a leader focused on change or one who favors stability.
