Monday, July 17, 2017

And It Will Ever Be Thus

After using Goldman Sachs as a punching bag for his campaign, sharply criticizing his political opponents for ties to the investment bank, Donald Trump has taken unprecedented steps to appoint former Goldman Sachs attorneys and executives to the upper echelons of government.

It goes far beyond what’s been reported. Not only is Jay Clayton Trump’s chair of the Securities and Exchange Commission, after serving as the attorney who advised the bank during the bailouts of 2008, but new disclosures show that the team Clayton brought with him to oversee the financial market regulator are also former Goldman Sachs attorneys.


Trump’s inner circle consists almost entirely of former Goldman Sachs executives, including his chief political adviser Steve Bannon, his national security adviser Dina Powell, and his top economic advisor Gary Cohn. Treasury Secretary Steve Mnuchin worked at Goldman Sachs for 17 years. Last month, Trump nominated Eric Ueland, a former Goldman Sachs lobbyist, to serve as as the Under Secretary of State, one of the most senior posts in the State Department.

The appointments coincide with Trump advancing a regulatory and tax agenda that is largely identical to the policy demands of the financial services industry.

  The Intercept

Which is really just a continuation of government at least since George W Bush.

One of the most under-discussed yet consequential changes in the American political landscape is the reunion between the Democratic Party and the country’s most extreme and discredited neocons. While the rise of Donald Trump, whom neocons loathe, has accelerated this realignment, it began long before the ascension of Trump and is driven by far more common beliefs than contempt for the current President.

  Glenn Geenwald
This has been going on at least since I've been paying attention. The ruling class comprises both parties.

Continue reading.

...but hey, do what you will anyway.

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