Donald Trump: establishment trojan horse?

[Redneck]

Trump isn't a disrupter so much as he's a deal maker. Having Kissinger on side is a great coup, and I think his selection criteria could easily be based on who he views as good for the role over any other political view or ideology they may hold.

He's setting up his cabinet the same way he'd set up a business management team. I've also noticed that he's appointing two people in many cases, with similar roles. The people he's choosing are polar opposites of one another, and he has said that they will have to work together to come up with something. It seems like a smart strategy to get balanced policies that will appeal to a broad section of the people.

[Megaterio Llamas]

:)

[Daglord]

later: Messengers of Liberty Parts 1-4

"Messengers for Liberty" is a seven hour documentary series about the grassroots liberty movement growing in America today. Learn why these grassroots patriots are speaking out and why liberty has transformed their lives. Join us on this documentary journey to explore these founding principles that once made America free and prosperous.

Messengers for Liberty - episode 1 - WHY RON PAUL?



Messengers for Liberty - episode 2 - BEWARE OF THE MSM



Messengers for Liberty - episode 3 - END THE FED!



Messengers for Liberty - episode 4 - BRING OUR TROOPS HOME!

[Daglord]

Goldman Sachs poised for return to power in Trump White House
http://www.politico.com/story/2016/11/goldman-sachs-power-white-house-231998

Government Sachs is returning to Washington.

After a decade in the wilderness, Wall Street’s most powerful firm, Goldman Sachs, is dominating the early days of the incoming Trump administration. The newly picked Treasury Secretary, Steven Mnuchin, spent 17 years at Goldman. Trump’s top incoming White House adviser, Steve Bannon, spent his early career at the bank. So did Anthony Scaramucci, one of Trump’s top transition advisers.

Goldman’s president, Gary Cohn, spent an hour schmoozing with President-elect Donald Trump on Tuesday and could be up for an administration job, possibly as director of the Office of Management and Budget, people close to Cohn and the transition said. Cohn, a long-time commodities trader, is friendly with Trump’s powerful son-in-law, Jared Kushner.

It’s a stunning reversal of fortune for Goldman, a long-time Washington power that fell out of favor following the financial crisis. CEO Lloyd Blankfein got hauled before Congress along with other Wall Street executives to account for their behavior. And Trump, who ran as a populist and bashed Wall Street on the campaign trail, featured Blankfein as a shady and dangerous character in his final campaign ad.

Rolling Stone’s Matt Taibbi famously labeled Goldman the “great Vampire Squid” on the face of America.

Had Hillary Clinton won the White House, Goldman faced a virtual lock-out from Washington with Sens. Elizabeth Warren and Bernie Sanders poised to block and major picks from the bank or any other firm on Wall Street.

Now Goldman, whose proximity to the levers of power dates to the early 20th Century and the creation of the Federal Reserve, stands to return to a level of influence unmatched by any other company in America. And Warren and her allies are left throwing darts from the sidelines

"We are talking about a massive change in tone in literally just three weeks,” said William Cohan a former banker and author of “Money and Power: How Goldman Sachs Came to Run the World. “If this had gone as the cognoscenti thought it was going to go we would be hearing Elizabeth Warren with her megaphone saying no one with a Wall Street background is getting anywhere near a Washington job.”

The rise of Goldman is also filled with ironies for Trump, even beyond his recent bashing of Blankfein.

Like many Wall Street banks, Goldman stopped doing business with the real estate mogul years ago, scared off by his bankruptcy filings. Many of the firm’s top executives made it clear they preferred Clinton for president.

Now Mnuchin, whose father was also a powerful Goldman banker, will be Trump’s top economic adviser, and he is already promising an agenda that thrills Wall Street and terrifies many Democrats.

“Our number one priority will be tax reform. This will be the largest tax change since Reagan,” Mnuchin said on CNBC’s “Squawk Box” on Wednesday, flanked by Wilbur Ross, the billionaire investor tapped by Trump to serve as Commerce secretary. “We’re going to cut corporate taxes … we’re going to get to 15 percent,” said Mnuchin, who also argued for changing parts of the Dodd-Frank financial reform law that curtailed many of Wall Street’s swashbuckling ways.

“The number one problem with Dodd-Frank is it’s way too complicated and it cuts back on lending,” Mnuchin said. “So we want to strip back parts of Dodd-Frank that prevent banks from lending. And that will be the number one priority on the regulatory side.”

Those kinds of comments and the rise of Goldman and Wall Street influence in Trump’s Washington is sending progressive Democrats into a panic. Liberals fear an agenda that will slash tax rates for the wealthy and corporations and gut regulations while allowing Wall Street to go back to the kind of trading practices that helped fuel the financial crisis.

Even many reform-minded conservatives wanted Trump to pick a different Treasury Secretary, someone like House Financial Services Chairman Jeb Hensarling or former BB&T CEO John Allison for the job. Both have strong views on increasing bank capital requirements and fighting so-called “Too Big to Fail” institutions. It’s much less clear that Mnuchin will do anything to make life difficult for large banks.

Warren came out firing against Mnuchin on Tuesday night. And Democrats plan to hammer the Treasury nominee’s record as head of OneWest, a California bank derided as a “foreclosure machine” during the depths of the crisis.

“Steve Mnuchin is the Forrest Gump of the financial crisis — he managed to participate in all the worst practices on Wall Street,” Warren said in a statement on Tuesday night. “He spent two decades at Goldman Sachs helping the bank peddle the same kind of mortgage products that blew up the economy and sucked down billions in taxpayer bailout money before he moved on to run a bank that was infamous for aggressively foreclosing on families.”

Sen. Ron Wyden (D-Ore.), ranking Democrat on the Senate Finance Committee, which will consider Mnuchin’s nomination, promised thorough hearings including a focus on Mnuchin’s time at OneWest. The attacks may not be enough to derail Mnuchin, but they will add to a developing Democratic strategy of undercutting Trump’s blue-collar credentials by portraying him as a billionaire plutocrat governing with the interests of his rich friends in mind.

“There are a number of serious problems raised by populating the most senior positions in government from a single bank and from a single industry,” said Dennis Kelleher, CEO of financial reform group Better Markets. “Whether it’s true or not, Goldman Sachs will be perceived as having privileged access and influence throughout the government. What we need most, and Candidate Trump seemed to understand this, is a view that prioritizes what’s good for Main Street and the real economy.”

Goldman defenders say a negative focus on Mnuchin’s time at the bank is unfair and that he has the economic and markets expertise to help create faster economic growth that lifts wages across the board.

“I commend President-elect Trump on his outstanding selection of Steven Mnuchin to be Secretary of the Treasury,” former Goldman CEO and George W. Bush Treasury Secretary Hank Paulson said in a statement on Wednesday. “Steven embodies the characteristics necessary to be a very good Treasury secretary. He is a doer with the analytic and political skills to get things done in a complex environment.”

Goldman supporters also note that had Clinton won, the left would have pushed for Gary Gensler, former head of the CFTC and himself a long-time Goldman banker, to be Treasury secretary or take some other high-profile post.

“Throughout its 147-year history, Goldman Sachs has encouraged its employees to give back to the community while they are working here and after they leave,” said Jake Siewert, communications director at Goldman. “We are proud that many have gone on to serve their country and their communities after they have left.”

The return of Goldman to prominence in Washington restores a tradition that waned in recent years. The relationship dates to back at least to 1913 when one of the firm’s founding partners, Henry Goldman, helped create the Federal Reserve.

The influence declined during the Depression only to rise again with Goldman head Sidney Weinberg’s close relationship with President Franklin Delano Roosevelt. More recently, Goldman held sway in President Bill Clinton’s White House with the elevation of former co-chairman Robert Rubin to Treasury secretary during a period that saw significant deregulation of the banking industry and the repeal of the Depression-era Glass-Steagall law separating the activities of retail and investment banking.

And when the financial crisis hit in 2008, then-president Bush turned to Paulson to help design a Wall Street bailout package that pumped hundreds of millions of taxpayer dollars into the financial industry.

Defenders of the bailout say it saved the economy from potential ruin and most banks including Goldman quickly paid back all federal funds. But Wall Street critics worry that the return of Goldman to such levels of power will ensure friendly treatment of the industry that could spark more crises in the future.

“My real issue with Mnuchin is that it really is a start the countdown clock moment to the next crash,” said Kelleher. “That is the inevitability if the Wall Street view of the world once again becomes policy.”

[Megaterio Llamas]

If Trump doesn't destroy Syria I win. We'll see how that goes I guess eh.

But I'm feeling kinda lucky tonight!

[Daglord]

If Trump doesn't destroy Syria I win. We'll see how that goes I guess eh.

But I'm feeling kinda lucky tonight!

lol. that's one way to look at it, especially for those outside the US, I get that. (what is it with the fascination w/US elections btw?).

I'm more concerned about the incoming surveillance state & disregard for basic civil liberties. foreign policy will sort itself out if power to declare war is (rightfully) returned to congress. unfortunately, Trump (& Giuliani/Gingrich) are already promising more EOs than Obama. his initial 3 choices for Sec State don't inspire a lot of confidence either.

Bolton? should have been bombing Syria yesterday regardless of who's in charge.
Giuliani? Obama should have been bombing Syria yesterday without congressional approval (no declaration means war never ends - LONG WAR).
Corker? proposed (& fought for) the bill to arm the FSA > ISIS to topple Assad depsite numerous warnings.
Romney? no clue, surely not anti-establishment but least hawkish of the bunch (don't think he is being seriously considered).

plus, they are all itching for a fight with Iran & not sure how that won't include Syria.

IMHO, a handful of GOP & Dem candidates would have left Syria alone if elected & not brought the surveillance state with them (Paul, Cruz, Sanders, Webb). the few that did (Christie, Kasich) Trump brought along for the ride (or tried to).

I really hope you're right dude. @ this point, IMO, I'm not sure there are any winners here - but the jury is still out. I wouldn't bet my life savings on him just yet, but I don't put much faith in Trump's words. still not quite sure how he is "draining the swamp" by appointing Bush-era neocons, Goldman Sachs execs/Skull & Bones members & the Military Indutrial Complex to the top of the command chain.

[Daglord]

Corbett weighs in on the latest appointments (Mnuchin, DeVoss) & wonders if Eric Prince, of Blackwater fame, might be making a comeback through his sister. more importantly, he touches on the emotional attachment & cult-like following of Trump & his supporters & how they have become cheerleaders - defending his every move & leading to a free pass on most of his shit.

Trump has named Steven Mnuchin as his Treasury Secretary. So who is Mnuchin, and what does his background tell us about his ideology and what kind of administration Trump is assembling? Today we talk to Michael Krieger of LibertyBlitzkrieg.com about Mnuchin's career, his Goldman Sachs and Soros ties, and his shady business practices, as well as the other people being appointed to helm the Trump White House.

[robbstar]

Great work Daglord. Loving the Raun Paul video series really opens my non - US eyes to some intelligent political ideas that are not being represented int eh European media.

[Megaterio Llamas]

If Trump doesn't destroy Syria I win. We'll see how that goes I guess eh.

But I'm feeling kinda lucky tonight!

lol. that's one way to look at it, especially for those outside the US, I get that. (what is it with the fascination w/US elections btw?).

I'm more concerned about the incoming surveillance state & disregard for basic civil liberties. foreign policy will sort itself out if power to declare war is (rightfully) returned to congress. unfortunately, Trump (& Giuliani/Gingrich) are already promising more EOs than Obama. his initial 3 choices for Sec State don't inspire a lot of confidence either.

Bolton? should have been bombing Syria yesterday regardless of who's in charge.
Giuliani? Obama should have been bombing Syria yesterday without congressional approval (no declaration means war never ends - LONG WAR).
Corker? proposed (& fought for) the bill to arm the FSA > ISIS to topple Assad depsite numerous warnings.
Romney? no clue, surely not anti-establishment but least hawkish of the bunch (don't think he is being seriously considered).

plus, they are all itching for a fight with Iran & not sure how that won't include Syria.

IMHO, a handful of GOP & Dem candidates would have left Syria alone if elected & not brought the surveillance state with them (Paul, Cruz, Sanders, Webb). the few that did (Christie, Kasich) Trump brought along for the ride (or tried to).

I really hope you're right dude. @ this point, IMO, I'm not sure there are any winners here - but the jury is still out. I wouldn't bet my life savings on him just yet, but I don't put much faith in Trump's words. still not quite sure how he is "draining the swamp" by appointing Bush-era neocons, Goldman Sachs execs/Skull & Bones members & the Military Indutrial Complex to the top of the command chain.

Of course I view this election from afar, I obviously don't have to live under this regime. I've always made it clear that my interest in this election was a strictly single issue anti war affair. It's always been a long shot, but worth a shot kinda thing. Hillary not only guaranteed war in Syria, but the big one with Russia was very much a front burner risk with her as well. Worst presidential candidate I have ever seen, I have dreaded her inevitable run for the presidency for years now. Of course, with the likes of the very evil John Bolton on board with Trump, it looks very bleak to me right now.

As far as the foreign interest in the US election goes, I can't speak for anyone else but for myself it's purely about harm reduction. To the rest of the world (TROTW). Countries I visited as a young adult now lay in smoldering radioactive ruins, fascinating ancient indigenous minority cultures with long histories are now genocide statistics, all of it done by the USA under what were at the time transparently false pretenses. I see the forces of evil at work here; I would see them stopped at just about any cost, the question of course is how. The US election seems the only avenue for change, and peace, however improbable.

My own feeling is the USA continues it's aggressive war making habits until a great superpower coalition rises and unites against it in the far distant future. The USA reminds me of the ancient Assyrian empire, and it will take a similar joint effort of great powers to finally bring it down.

[Megaterio Llamas]

I will also admit, and this is probably small of me, a defect of character, but I have had a grand old time watching the way the Trump campaign has upset people. All the right people have been squealing like stuck pigs for the past year and this has delighted no end.

Guilty as charged I'm afraid.