Tuesday, October 4, 2016

NATO: Trump's America-First Mercenaries vs. Eisenhower's "Strength Through Unity"

by Nomad

Trump NATO

Trump's past comments on NATO suggest that he would like to radically restructure the organization into something like a private security business. His critics say this is the worst time for such a dangerous power-play. On the other hand, nothing could make Russian president happier.



Back in 2013, Donald J.Trump -the tireless tweeter- appropriated Eisenhower's quote for his own obscure purposes.


It was, of course, before his announcement to run for president. Back before, he began to win primary after primary and, with the soul of Republican Party on the auction block, before the nomination of his party.

The Trump of 2013 wasn't much different than the Trump we see today. This tweet can, therefore, be written off as yet another pathetic example of Trump's absolute lack of circumspection.

After all, what person could better represent the arrogance of privilege than the billionaire business who can tell an audience (with a straight face) that a paternal loan of a million dollars was a "small loan?"
Is there a better man to represent the privilege of white male culture than Trump? And has there ever been a presidential candidate who so openly and so blithely put his business interests above all other principles?

As we reach the end of what has been a bizarre election, (to say the least) it's hard to point to any principles that Trump values. He has defiantly trashed any pretense that he is a principled type the moment he stepped onto the national stage.

The Power to Discern Right From Wrong

Quoting a respected Republican president like Eisenhower is actually a dangerous thing for Trump to do. It naturally invites comparison.

Tuesday, September 27, 2016

Here's Why Trump's Choice For His Finance Manager Should Make Your Blood Boil

by Nomad

Donald Trump

If you -or somebody you know- happened to be one of the thousands of victims of home foreclosure in the wake of the economic meltdown of 2008, here's why Donald Trump's choice for his finance manager, Steven Mnuchin, is a slap in your face.
In fact, all Americans ought to be furious.


Trump's Wall Street Hypocrisy

Days after locking up the Republican presidential nomination in May, Donald Trump named Steven Mnuchin as his national finance chairman.
The press release states that Mnuchin "has previously worked with Mr. Trump in a business capacity and brings his expertise in finance to what will be an extremely successful fundraising operation for the Republican Party." 

In many ways, it was a bewildering and disturbing choice for a candidate who had consistently portrayed himself - to his angry middle-class supporters- as a bitter foe of Wall Street excesses. 
Indeed, Wall Street once trembled at the possibility of Trump getting the nomination. Months before, in September 2015, one political strategist put it like this :
"He has bought into the populist rhetoric that Wall Street is greedy and makes too much money...He sounds more anti-Wall Street than Elizabeth Warren."
That was, of course, before Trump was officially crowned the Republican nominee. After the GOP nomination was sealed up, Trump surprised everybody by jumping in bed with the very people he had castigated.

Goldman, Sachs in the Mnuchin Bloodline

After all, Mnuchin's connections to Wall Street are practically genetic. His father, Robert E. Mnuchin, spent a greater part of three decades on Wall Street at Goldman, Sachs & Company. He was, in fact, one of the pioneers of the institutional equity trading business in the 1960's. Before his retirement in 1990, Robert Mnuchin was "one of the most important figures in the equities business."
(Incidentally, Investopedia cites a crash in equity trading as major factors in two periods of economic decline, the Great Depression of 1929 and the Great Recession of 2008.)