Remember when Donald Trump said he wasn’t beholden to special interests because he’s self funded?
It’s no surprise that Donald Trump has, in many ways, run one of the most hypocritical campaigns in recent memory. For one, it’s hard enough to believe as it is that a man so infamous for cutting and running at the expense of average working people (often refusing to pay them what he owes) could somehow now dare present himself as a man who will fight for the little guy, or the working class of this country. Or maybe how a man so known for consistently having to file for bankruptcy due to horrible mismanagement can possibly present himself as just the person this country needs to handle our economy and take care of the national debt. Or finally how one who makes the majority of the very products he loves to promote outside of the United States, utilizing cheaper foreign labor instead of the American workers he claims to care so much about, can say with a straight face that he is the one who will bring jobs back to America, and that we should believe him. As Michael Bloomberg now famously said during the 2016 DNC Convention in Philadelphia, “I know a con when I see one.”
And to borrow yet another quote from Mr. Bloomberg,
“Throughout his career, Trump has left behind a well-documented record of bankruptcies, thousands of lawsuits, angry shareholders, and contractors who feel cheated, and disillusioned customers who feel ripped off. Trump says he wants to run the nation like he’s run his business. God help us.”
So with all the background information out of the way, Donald Trump is proving once more through action instead of pretty words that he doesn’t actually represent much of what he claims to. Remember how from the start of his campaign one of the boldest of his many claims was how because he was self funding his campaign, he, unlike other politicians, would not be beholden to special interests, or owe them any favors. Well, that just like many of his other claims simply doesn’t square with the reality. It turns out that Trump’s economic advisers are also his biggest campaign donors.
Politico has the story
“After spending months scolding his rivals for being beholden to their financial backers, Donald Trump unveiled an economic advisory council this week — and filled it with some of his biggest donors.
Of the 13 men — and they were all men — that Trump touted as economic advisers for their “unparalleled experience and success,” five are major donors whose families combined to give Trump’s campaign and his joint fundraising account with the Republican Party more than $2 million. Two more have been pursued for campaign contributions.
“He is following the path he has said was corrupt: Raising large sums of money and then giving donors special access,” said Trevor Potter, the president of the Campaign Legal Center and former chair of the Federal Election Commission.”
But it gets better. Trump also made a lot of big statements about “hedge fund guys” earlier in his campaign, but look at him now..
Trump’s new economic team leans heavily on Wall Street investors and hedge-fund managers, despite railing against them during the early parts of his presidential campaign.
“The hedge fund guys didn’t build this country. These are guys that shift paper around. And they get lucky,” Trump said last year on CBS’s Face the Nation. “Look, they’re energetic. They’re very smart. But a lot of them, it’s, like, they’re paper pushers. They make a fortune. They pay no tax. It’s ridiculous, okay?”
Paulson, a hedge fund manager, is famous for his 2007 bet against the mortgage market. Beal is an investor who bought distressed assets after the recent recession. Mnuchin runs a hedge fund.
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