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The March of the Billionaires: On Trump’s Bait and Switch


#1

The March of the Billionaires: On Trump’s Bait and Switch

Nomi Prins

Given his cabinet picks so far, it’s reasonable to assume that The Donald finds hanging out with anyone who isn’t a billionaire (or at least a multimillionaire) a drag. What would there be to talk about if you left the Machiavellian class and its exploits for the company of the sort of normal folk you can rouse at a rally? It’s been a month since the election and here’s what’s clear: crony capitalism, the kind that festers and grows when offered public support in its search for private profits, is the order of the day among Donald Trump’s cabinet picks.


#2

Trump meant to say: Make America Gilded Again.


#3

An honest, moral, well informed and rationally grounded person would have nothing that Trump would want.


#4

There was no "bait and switch". Anyone could have, and should have, seen right through Trump from day one.


#5

The population of "honest, moral, well informed and rationally grounded" Americans has been in steady decline during the sixtysomething years I have walked the earth.

Many Trump voters never believed him anymore than we did. They just wanted "to see the system torn down" as one Trump voter told me. Very delusional of them to think a Democrat or Republican would really tear the system down when both parties' mission is to transfer wealth from the 99% to the 1%.


#6

Some of you may find this interesting:
"Despite lifting millions out of poverty, globalisation is facing growing political opposition. This column surveys the successes and failures of globalisation, and some of the critical policy implications. Globalisation has reached a stage where its benefits have been captured but its costs have been largely ignored. Going forward, governments need to address inequality and social inclusion, boost global investment, and restore confidence."


#7

Good article, but included in the "bait and switch" terminology should be how quickly the Clinton name has been removed from any news regarding where we, as a country, stand now. The corruption of the Democratic Party establishment in the Democratic Party primary, Ala Clinton and Debbie Schultz, is directly responsible for Trump's name even being in the news not to mention his Cabinet picks.


#8

Trump was correct in saying that elections are rigged. He forgot to mention that the DNC was part of the rigging to get him elected.


#9

A decent and reasonable person would be humbled by the fact that they had, in fact, not received the majority of the popular vote. For a myopic egotist this fact would not matter and that person who therefore show no consideration to those of his/her opposition. Not a great leader - but that is not really the objective - is it. The toys are now in the hands of someone who never really grew up. That includes the nuclear arsenal. It is a tragedy that people have felt the necessity to stoop to this because they want "change." On the other hand, did they have many alternatives? Trump just reflects a general decline in many aspects of the American character and psyche. We really do need leaders who represent the best of humanity. Where are they?


#10

Getting shafted by the DNC and mainstream media at every turn.


#11

Is Trump's bait and switch any worse than his predecessor's? You know the guy who promised the most open administration ever?


#14

I love the "bait & switch" analogy. We need language to define this coup. This precisely describes the "bait" which was a faux populist insurgency (the insurgency wasn't fake, just his populism) and the "switch" which was to fill his cabinet with billionaires and their interests. This is the trickle down theory that always seems to be yellow (which a local writer noted here in my home paper).


#15

Good one Ray! My own favorite is "Make Empire Great Again".

Unlike what was said in the Bill Clinton era/error, "It's the economy, stupid"

No!... It's not the economy, or the vast inequality, or the endless expanding wars, or the political deceit, or the Wall Street looting, or the police-state shootings, or the racism.

"It's the Empire, stupid" --- which actually causes all these domestic and global crimes and looting.

But it has to be "adequately diagnosed".

Or, as Zygmunt Bauman hauntingly puts it, “In the case of an ailing social order, the absence of an adequate diagnosis…is a crucial, perhaps decisive, part of the disease.”

Berman, Morris 2007 "Dark Ages America, The Final Phase of Empire"

The "disease" is Empire, and the people have to stop being distracted and divided over the specific issues that are all caused by our country "acting like", and actually being, the HQ of this Disguised Global Capitalist Empire. We need to awake-up to the alarm that Paul Revere couldn't holler-out today.


#16

Getting the electorate to buy into empire requires serially soft selling trickle down to turn the masses into promoters for diverting funds to corporate welfare programs, most notably the military industrial media infotainment complex (MIMIC) and away from "domestic programs", like healthcare, food safety, housing, environmental and other human needs.


#17

Prosperity for the people?

That's rich


#18

Thank you Naomi for the history lesson.


As this country is being run extensively by business and wealthy interests it then makes some sense that we should have a "buyer's remorse" law that provides an up/down vote by the citizens (by all of them) on the first labor day after the election concerning whether they are willing to continue to accept the results of the election.

This would be a vote taken by the citizens after they have had a chance to cool down and inspect what they had just been sold, after they have had some time to compare the promises made to them with the reality of how the elected representatives are governing. At least for the first six months there would be some pressure on our representatives to tangibly demonstrate interest in our concerns and needs and to make some significant progress on at least some of the promises that they made to get us to vote for them. Currently our representatives are mostly chosen because the powerful are able to "fool some of the people all of the time" and are able to focus on "fooling all of the people" on one particular day every two years. It is because the powerful cannot always "fool all of the people all of the time" that a voters' remorse law that gives the citizens of the country a time to vote confidence or not in their representatives on Labor Day would be useful to provide at least some balance to the power the elites have to so often fool "enough of us" on election days to ensure that they can subsequently have most decisions made to their own benefit .

The Devil is in the details. I suggest the vote be organized and run by the Secretary of Labor, with the Secretary of Labor being an elected position with significant power with which to represent the interests of the working class.

I would prefer that far more drastic changes in how we are governed would remove the need for a "buyer's remorse" law after elections.


#19

A good account of what's happening in the short term, and a definite harbinger of what's in store for most citizens: more hard times.

So ... take some time, people, to read her book, All the Presidents' Bankers. It's an excellent read, even entertaining - in a cynical fashion - as you discover the full extent of the cold duplicity and downright criminal behavior of American (and not only American) bankers since 1907.

That's the year America's problems truly started, at Jekyll Island, in Georgia and where all the chief bankers of the day gathered, at a secret meeting, to nut out the process by which they planned to financially rule America and, by extension, the entire world. All that has happened - ALL - since then is a direct or indirect result of that agreement.

And , get angrier as you read.