The March of the Billionaires: On Trump’s Bait and Switch – by Nomi Prins

Published on Thursday, December 08, 2016 by TomDispatch by Nomi Prins

The March of the Billionaires: On Trump’s Bait and Switch

How to swamp Washington and double-cross your supporters big time

Donald Trump has nominated Betsy Devos as Education Secretary, Wilbur Ross as Commerce Secretary, and Steven Mnuchin for Treasury Secretary.

Given his cabinet picks so far, it’s reasonable to assume that The Donald finds hanging out with anyone who isn’t a billionaire (or at least a multimillionaire) a drag. What would there be to talk about if you left the Machiavellian class and its exploits for the company of the sort of normal folk you can rouse at a rally?   

It’s been a month since the election and here’s what’s clear: crony capitalism, the kind that festers and grows when offered public support in its search for private profits, is the order of the day among Donald Trump’s cabinet picks. Forget his own “conflicts of interest.” Whatever financial, tax, and other policies his administration puts in place, most of his appointees are going to profit like mad from them and, in the end, Trump might not even wind up being the richest member of the crew.    [Read more]

 

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  • Clyde Duncan  On December 12, 2016 at 8:17 am

    Here are a couple of paragraphs from the Nomi Prins essay:

    It’s already obvious that, to Trump, “draining the swamp” means filling it with new layers of golden sludge, similar in colour to the decorations that adorn buildings with his name, including the new Trump International Hotel on Pennsylvania Avenue near the White House where foreign diplomats are already flocking to curry favour and even the toilet paper holders in the lobby bathrooms are faux-gold-plated.

    Aspiring to run government as a business (something President Calvin Coolidge tried out in the 1920s with dismal results for America), Trump is now surrounding himself with a crew of crony capitalists who understand boardroom speak, but have nothing in common with most Americans. So give him credit: his administration is already one of the great political bait-and-switch productions in our history and it hasn’t even begun. Count on one thing: in his presidency he’ll only double down on that “promise.”

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