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Donald Trump Preaches Angry Nationalism, While Practicing Goldman Sachs Capitalism (Demo)

On January 20, 2017, Zaid Milani writes on The Intercept:

PRESIDENT DONALD TRUMP’S INAUGURAL address was fiery and nationalistic, a considerable departure from the traditional Republican Party embrace of the free market and an activist foreign policy. Trump talked of an “America First” policy and vowed that “January 20th 2017, will be remembered as the day the people became the rulers of this nation again.”

But Trump’s words on the steps of the Capitol bore little resemblance to the reality of the administration he is building.

It’s hard to argue with Trump’s assessment that “the establishment protected itself, but not the citizens of our country. Their victories have not been your victories; their triumphs have not been your triumphs.”

But that establishment will be in full force in the Trump administration. The megabank Goldman Sachs, famously close to Trump’s opponents in the Democratic Party, has six alumni posed for key posts in his administration, including his treasury secretary nominee Steve Mnuchin.

Trump spoke of “mothers and children trapped in poverty in our inner cities; rusted-out factories scattered like tombstones across the landscape of our nation,” but Mnuchin built a fortune off of helming banks that misled borrowers and foreclosed on their homes.

One of Trump and Mnuchin’s few explicit policy priorities is to slash taxes for corporations that have stashed money overseas, so that they will repatriate their profits to the United States. On the surface, this is to encourage businesses to invest in American jobs. But corporations are already telling their investors that they’d rather use this windfall to increase dividends and mergers, not hire more Americans.

People protest during the inauguration of President-elect Donald Trump on January 20, 2017 in Washington, DC. Donald Trump was sworn in as the 45th president of the United States Friday -- capping his improbable journey to the White House and beginning a four-year term that promises to shake up Washington and the world. / AFP / ZACH GIBSON (Photo credit should read ZACH GIBSON/AFP/Getty Images)

People protest during the inauguration of President-elect Donald Trump on Jan. 20, 2017 in Washington.

Photo: Zach Gibson/AFP/Getty Images

The president also complained that the United States has “subsidized the armies of other countries,” but his nominee for Secretary of State, former Exxon CEO Rex Tillerson, wants to continue to help Saudi Arabia bomb the impoverished nation of Yemen.

“When you open your heart to patriotism, there is no room for prejudice,” the president told the millions who tuned into his remarks. But that isn’t the point of view of his CIA nominee, Mike Pompeo, who has depicted the war on terror as a struggle between Islam and Christianity, or his national security adviser Mike Flynn, who has referred to Islamism as a “cancer” in the body of the world’s Muslims.

Americans do in fact want “great schools for their children,” as Trump advised, but his nominee to lead the Department of Education, Betsy DeVos, hasn’t spent a day working in a public school. Instead, she’s an heiress who inherited billions through marriage and inheritance while waiving away Bernie Sanders’s plan for tuition-free public college for all by invoking the proverb that “nothing in life is free.”

Trump was correct when he said that “for too long, a small group in our Nation’s Capital has reaped the rewards of government while the people have borne the cost. Washington flourished – but the people did not share in its wealth.”

But he cannot ameliorate that problem while tapping Washington’s elite for jobs. His nominee for secretary of transportation, Elaine Chao, is the wife of Senate Majority Leader Mitch McConnell — and as a former Wells Fargo board member, she will receive a golden parachute of up to $5 million from the bank if she is confirmed.

The president used his concluding words to promise to listen to all Americans:

“So to all Americans, in every city near and far, small and large, from mountain to mountain, and from ocean to ocean, hear these words: You will never be ignored again. Your voice, your hopes, and your dreams, will define our American destiny. And your courage and goodness and love will forever guide us along the way.”

But with a cabinet whose combined net worth is greater than that of a third of America combined, it’s likely that many, many Americans will continue to be ignored.

Top photo: President Donald Trump celebrates after his speech during the Presidential Inauguration at the U.S. Capitol in Washington on Jan. 20, 2017.

https://theintercept.com/2017/01/20/donald-trump-preaches-angry-nationalism-while-practicing-goldman-sachs-capitalism/#comment-341519

The best advice I can give to President Donald Trump is to advocate and lead the Congress to introduce and enact the Capital Homestead Act.  Now. That is, if he truly wants to “make America great again” and empower the people to”become the rulers of this nation again.” If he can achieve monetary reform and enact the Capital Homestead Act, our nation will be set on a course to build a future affluent economy in which EVERY child, woman and man becomes a significant personal owner of the exponential growth of America’s non-human productive power.

Abraham Lincoln’s 1862 Homestead Act, in its time empowered the settlement of the West, but it had three flaws: 1) the land ran out, 2) the financial system was inadequate, and 3) the tax system was inadequate. Fortunately, today we can open up the industrial and commercial frontier (to all intents and purposes without practical limit), have an adequate (if grossly misused) financial system that has the potential to do what is needed, and have a tax system that, although junked up with so much garbage that it is virtually unworkable, can easily be fixed by applying the proper, Just Third Way principles.

Support the Agenda of The Just Third Way Movement at http://foreconomicjustice.org/?p=5797, http://www.cesj.org/resources/articles-index/the-just-third-way-basic-principles-of-economic-and-social-justice-by-norman-g-kurland/, http://www.cesj.org/wp-content/uploads/2014/02/jtw-graphicoverview-2013.pdf and http://www.cesj.org/resources/articles-index/the-just-third-way-a-new-vision-for-providing-hope-justice-and-economic-empowerment/.

Support Monetary Justice at http://capitalhomestead.org/page/monetary-justice.

Support the Capital Homestead Act (aka Economic Democracy Act) at http://www.cesj.org/learn/capital-homesteading/, http://www.cesj.org/learn/capital-homesteading/capital-homestead-act-a-plan-for-getting-ownership-income-and-power-to-every-citizen/, http://www.cesj.org/learn/capital-homesteading/capital-homestead-act-summary/ and http://www.cesj.org/learn/capital-homesteading/ch-vehicles/.

Otherwise, today’s wealthy ownership class and their heirs will continue to monopolize the ownership of America’s future non-human productive assets, with the vast majority of Americans economically slipping due to the increasing lack of job opportunities and job security, and increasingly more dependent on taxpayer and government debt-financed welfare. Essentially, if we do not reverse course and reform the system, the masses will be OWNED and dependent on an oligarchy.

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