Treasury Secretary Scott Bessent’s job is to calm the economic fears that President Donald Trump creates. He has followed a curious journey to get there, and now he’s sacrificing his integrity and legacy to remain.

Born in a small South Carolina town, Bessent, 63, graduated from Yale College in 1984 with a bachelor’s degree in political science. Eventually he went to work for Soros Fund Management—founded by the Republicans’ favorite Democratic demon, George Soros.

Bessent is openly gay, married since 2011 to a former New York City prosecutor, and has been a strong advocate for gay rights and marriage equality. In 2000, he supported Democratic presidential candidate Al Gore, co-hosting a fundraiser for him in East Hampton, New York. He donated $2,300 to Barack Obama’s campaign in 2007. Although he donated $25,000 to support Hillary Clinton’s presidential aspirations, by then he was a major donor to Republican candidates.

Bessent returned to work for Soros in 2011 as chief investment officer but left in 2016 to form his own fund for which Soros provided a $2 billion anchor. From 2018 through 2021, as the global stock market broke records, the performance of Bessent’s fund was mediocre. Still, he amassed an estimated wealth of $600 million, although some reports refer to him as one of “Trump’s billionaires.”

Bessent and his husband have two children studying in Europe. As they process the European reaction to Trump, they may ask him what he is doing to make the world a better place.

Bessent donated $1 million to Trump’s inauguration in 2016, but was not part of the first term’s inner circle. When Trump left office in disgrace after January 6 and under the cloud of other legal woes, most business leaders were reluctant to support........

© Common Dreams