Posted on 11/30/2016 6:08:13 AM PST by jneesy
Wow, cannot imagine a worse choice for Treasury secretary. We do not need another Goldman stooge that favors Wall Street over Main Street, particularly a guy who worked for George Soros.
I believe these picks are far better than anything Hillary would’ve picked. And that’s how a lot of people voted.
“I thought his transition team was in total chaos?”
+
The order of the right is chaos for the left because it’s the destruction of all they’ve worked for.
And the Coffee Spew Award goes to...
“He is ex Goldman and just as bad ex Soros.....he has a mountain to climb, to prove he is Ok.
As for draining the Swamp.....v doubtful now...v sad.”
So were you doubtful and sad and require mountain climbing for Steve Bannon to win the election for President Trump and then be appointed by President Trump as his chief advisor? Because Steve Bannon too worked as an investment banker at, get this, GOLDMAN SACHS!
Trump is bringing in some titans of industry on the economic team. These folks are used to getting things done.
Self made multi-billionaire Wilbur Ross (Commerce Secretary nominee) is a turnaround expert. He won’t need any on the job training to know what is good for business, and what is bad. He has a proven track record.
Billionaire Todd Ricketts, brother of Nebraska Governor Pete Ricketts, nominated for Deputy Commerce Secretary, is a Chicago School Grad, who is targeting tax reform, Obamacare and Dodd Frank. Co-owner of the Chicago Cubs with his other brother Thomas. He worked in the investment industry, including the family business - Ameritrade. He led the conservative Ending Spending Super PAC. His family are big in politics, and were major supporters of Scott Walker in Wisconsin.
Steven Mnuchin has also not just fallen off the turnip truck, and has worked his way up in the hypercompetitive Wall Street investment community for 17 years, left it in 2002 and has been successful in a a variety of entrepreneurial efforts (like financing the X-Men movies) and investments (making hundreds of millions). He knows well how the industry works, and many of the key players. No train up for him.
Billionaire Betsy DeVos (Education Secretary nominee), happens to be the sister of Erik Prince, the founder of Blackwater. Married into the Amway fortune, as well as her family’s own growing fortune (auto parts); she has been committed to school choice (and therefor breaking the hold of teachers unions) for over a quarter century - actively leading the effort and fighting political campaigns. She knows the issues, and has a committed, principalled position.
On the one hand such people could be viewed as powerful insiders, who might use their positions to benefit their own interests, or who are simply being giving patronage positions, in return for their campaign support.
On the other hand, they could be seen as exceptionally effective people, with exceptional experience, and exceptional networks of contacts.
Time will tell.
Good post.
The problems with most departments, like Education, Energy and EPA can be addressed simply by deregulating, firing half the people and cutting the functionality. Everything they are doing is bad - we’d be better off with the entire departments gone.
Treasury is different. The banks that comprise the Fed need to be regulated - the Fed itself (a non government entity) needs to be audited, throttled way back, virtually all of their private interests need to be prohibited as they are in deep conflict with the national interest. If they serve as custodians of our money reserves, they can’t also be investing it for their own profit (as they now are).
Fannie May Freddie Mac, and other government mortgage insurers should be reformed (regulated) or simply eliminated. They exist for the perverse purpose of incentivizing banks to lend to unworthy borrowers “under served markets” and then cover losses with taxpayer money. They poison the credit market and distort the risk adjusted value of assets - causing risky investments, bubbles, booms and busts.
For example, the Glass Steagle regulation, which prevented federal reserve banks (custodians of the nation’s cash reserves) from investing in capital assets - needs to be reinstated. In other words, the large banks that make up the Fed shouldn’t be custodians of our reserves and also profit by investing those same reserves globally. It is a travesty that goes way beyond “conflict of interest” and most people have no idea it’s even happening.
These banks (federal reserve banks) literally print money, creating national debt at future taxpayers expense, and then invest it globally for their own profit! They are accountable to no one as long as their people are planted throughout congress and government agencies. This scam is and always has been at the very heart of the “swamp” that needs to be drained.
This fiat money scheme and “quasi government” role for certain large global banks undermines US sovereignty and institutionalizes deficit spending -it’s the reason we now owe THEM (the same global banks that make up the Federal Reserve) $20 trillion !! - and four times that when future entitlement obligations are included.
How would you like to be able to print money, to spend or invest as you please, and have every dollar you print be recorded as a debt owed to you by the taxpayer? That is the deal we the people have handed this group of mega banks known as The Federal Reserve.
In order to unravel this -we must extract ourselves from these global theives (the federal reserve) renounce our debt to them (by resetting a new currency on a gold or other commodity standard). They will cry bloody murder and do anything (and I mean anything) to stop us.
It will be like driving a wooden stake through the vampire’s heart while he’s sleeping - a very drastic measure - but if we don’t do it we’ve really done nothing to drain the swamp.
Trump knows what’s going on (I hope) and I was hoping he had the balls to confront this ultimate organized crime syndicate. Appointing anither Goldman Sachs alumnus to Treasury doesn’t seem like an encouraging start, but who knows maybe he has some tricks up his sleeve - I hope so.
He hasn’t worked for GS for 12 years. Where were you 12 years ago and are you still working for them?
[You must be devastated about Trump saving the Carrier jobs. Chin up.]
What does that have to do with the post? The poster clearly stated that they find Trump’s choice for Treasury Secretary concerning. So am I, btw.
Does anyone else think this guy might have an an extra, misplaced, “n” in his name?
Very sad indeed.
If Kudlow praises him that is bad news.
No change from the Washington-Wall Street cabal screwing main street. Expect more stimulus to keep stocks humming along.
Another in the long lines of Rothschild victims.
Instead he is rewarding Wall Street?
Then yes I am.
How about he’s rewarding YOU with more money in YOUR pocket by cutting YOUR taxes.
Or go vote for Hillary or Jill Stein since you think more money in YOUR pocket is a bad thing.
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