Key Takeaways
- • Treasury Secretary Scott Bessent, a former hedge fund manager with an estimated net worth of around $600 million, publicly rebutted former President Barack Obama's mockery of Trump's White House renovations by dining at the Cheesecake Factory near the White House on Monday.
- • Bessent told a Fox Business reporter that the Obama Presidential Center, which opened in June, "looks like Darth Vader's tomb," and ordered his usual French Dip Cheeseburger, priced at $22.95 at the downtown Washington location.
- • Obama's remark, made at an Ohio rally on Saturday for Amy Acton and Sherrod Brown, that the White House looked "like Saddam Hussein opened a Cheesecake Factory" triggered a class-warfare debate among Republican commentators and critics.
- • Trump defended his White House redesign on Monday, arguing the building must be maintained properly and calling Obama's comparison proof "why you were a lousy president."
- • The exchange comes days before the Nov. 3 midterm elections, where polls indicate Democrats are poised to make significant congressional gains amid voter discontent over high costs.
Summary
Bessent, a former hedge fund manager whose net worth has been estimated at around $600 million, told a Fox Business reporter outside the restaurant near the White House that "This is the man who built the museum [that] looks like Darth Vader's tomb," referring to the Obama Presidential Center, which opened in June. He added that he would recommend the restaurant to the "Martha's Vineyard set," a reference to the island where Obama vacationed as president and where he and Michelle Obama now own an estate. Bessent ordered his usual French Dip Cheeseburger, a "Glamburger" priced at $22.95 at the restaurant's downtown Washington location, and later recommended the Cheeseburger Spring Rolls in a follow-up post on X directed at Obama.
Trump, speaking as he headed to Mississippi for a campaign rally, defended the redesign at length, saying the White House "is a symbol of America, and it has to be maintained properly" and claiming Obama had overlooked needed repairs to columns and brickwork. The renovations include gold leaf throughout the Oval Office, a White House helipad, and an unfinished ballroom.
Republican commentators including Matt Whitlock and Scott Jennings characterized Obama's remarks as elitist, with Jennings saying the former president "has never been in a Cheesecake Factory." Menswear influencer Derek Guy countered on X that the criticism itself was condescending toward working-class Americans, noting his own family ate at the chain for special occasions. The dispute unfolds days before the Nov. 3 midterm elections, with most polls and analyst projections indicating Democratic gains in Congress. The Cheesecake Factory is scheduled to report third-quarter earnings on Tuesday.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.