I give an explanation, let’s be sure we all know what an
explanation is. An explanation is not a justification. The collapse
of education in the US is so severe that many Americans, especially
younger ones, cannot tell the difference between an explanation and a
defense, justification, or apology for what they regard as a guilty
person or party. If an explanation is not damning or sufficiently
damning of what they want damned, the explanation is interpreted as
an excuse for the object of their scorn. In America, reason and
objective analysis have taken a backseat to emotion.
do not know what the appointments mean except, as Trump discovered
once he confronted the task of forming a government, that there is no
one but insiders to appoint. For the most part that is correct.
Outsiders are a poor match for insiders who tend to eat them alive.
Ronald Reagan’s California crew were a poor match for George H.W.
Bush’s insiders. The Reagan part of the government had a hell of a
time delivering results that Reagan wanted.
limit on a president’s ability to form a government is Senate
confirmation of presidential appointees. Whereas Congress is in
Republican hands, Congress remains in the hands of special interests
who will protect their agendas from hostile potential appointees.
Therefore, although Trump does not face partisan opposition from
Congress, he faces the power of special interests that fund
congressional political campaigns.
the White House announced my appointment as Assistant Secretary of
the Treasury, Republican Senator Bob Dole put a hold on my
appointment. Why? Dole had presidential ambitions, and he saw the
rising star of Republican Representative Jack Kemp as a potential
obstacle. As I had written the Kemp-Roth bill that had become
Reagan’s economic policy, Dole regarded me in the Treasury as a
one-up for Kemp. So, you see, all sorts of motives can plague a
president’s ability to form a government.
Trump under heavy attack prior to his inauguration, he cannot afford
drawn out confirmation fights and defeats.
Trump’s choice of Steve Mnuchin as Treasury Secretary mean that
Goldman Sachs will again be in charge of US economic policy?
Possibly, but we do not know. We will have to wait and see. Mnuchin
left Goldman Sachs 14 years ago. He has been making movies in
Hollywood and started his own investment firm. Many people have
worked for Goldman Sachs and the New York Banks who have become
devastating critics of the banks. Read Nomi Prins’ books and visit
Pam Martens website, Wall Street on Parade
( http://wallstreetonparade.com ).
My sometimes coauthor Dave Kranzler is a former Wall Streeter.
are jumping to conclusions based on appointees past associations.
Mnuchin was an early Trump supporter and chairman of Trump’s
finance campaign. He has Wall Street and investment experience. He
should be an easy confirmation. For a president-elect under attack
this is important.
Mnuchin suppport Trump’s goal of bringing middle class jobs back to
America? Is Trump himself sincere? We do not know.
we do know is that Trump attacked the fake “free trade”
agreements that have stripped America of middle class jobs just as
did Pat Buchanan and Ross Perot. We know that the Clintons made their
fortune as agents of the One Percent, the only ones who have profited
from the offshoring of American jobs. Trump’s fortune is not based
on jobs offshoring.
every billionaire is an oligarch. Trump’s relation to the financial
sector is one as a debtor. No doubt Trump and the banks have had
unsatisfactory relationships. And Trump says he is a person who
about the hot-headed generals announced as National Security Advisor
and Secretary of Defense? Both seem to be death on Iran, which is
stupid and unfortunate. However, keep in mind that Gen. Flynn is the
one who blew the whistle on the Obama regime for rejecting the advice
of the DIA and sending ISIS to overthrow Assad. Flynn said that ISIS
was a “willful decision” of the Obama administration, not some
keep in mind that Gen. Mattis is the one who told Trump that torture
does not work, which caused Trump to back off his endorsement of
both of these generals, as bad as they may be, are an improvement on
what came before. Both have shown independence from the
neoconservative line that supports ISIS and torture.
in mind also that there are two kinds of insiders. Some represent the
agendas of special interests; others go with the flow because they
enjoy participating in the affairs of the nation. Those who don’t
go with the flow are eliminated from participating.
Sachs is a good place to get rich. That Mnuchin left 14 years ago
could mean that he was not a good match for Goldman Sachs, that they
did not like him or he did not like them. That Flynn and Mattis have
taken independent positions on ISIS and torture suggests that they
are mavericks. All three of these appointees seem to be strong and
confident individuals who know the terrain, which is the kind of
people a president needs if he is to accomplish anything.
problem with beating up on an administration before it exists and has
a record is that the result can be that the administration becomes
deaf to all criticism. It is much better to give the new president a
chance and to hold his feet to the fire on the main issues.
alone among all the presidential candidates said that he saw no point
in fomenting conflict with Russia. Trump alone questioned NATO’s
continued existence 25 years after the collapse of the Soviet Union.
alone said that he would work to bring middle class jobs back to
Trump said that he would enforce immigration laws. Is this racism or
is this a defense of citizenship? How is the US a country if there is
no difference between illegal aliens and citizens?
of all stripes are making a mistake to damn in advance the only
government that campaigned on peace with Russia, restoring middle
class jobs, and respect for the country’s borders. We should seize
on these promises and hold the Trump administration to them. We
should also work to make Trump aware of the serious adverse
consequences of environmental degradation.
is blowing these opportunities? Trump? Mnuchin? Flynn? Mattis?
more Trump is criticized, the easier it is for the neoconservatives
to offer their support and enter the administration. To date he has
not appointed one, but you can bet your life that Israel is lobbying
hard for the neocons. The neocons still reign in the media, the think
tanks, university departments of foreign affairs, and the foreign
policy community. They are an ever present danger.
personality means that he is likely to see more reward in being the
president who reverses American decline than in using the presidency
to augment his personal fortune. Therefore, there is some hope for
change occuring from the top rather than originating in the streets
of bloody revolution. By the time Americans reach the revolutionary
stage of awareness the police state is likely to be too strong for
let’s give the Trump administration a chance. We can turn on him
after he sells us out