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Sun Jul 21, 2019, 06:43 AM

Robert Reich: Of course Donald Trump is a racist - and his Wall Street enablers know it

The relevant question is not whether Trump is a racist. Of course he is. Or whether heís going to continue bashing these members of Congress, who fill all his demonization boxes: Democrats, females, people of color, a Muslim. Of course he will.

The real question is whether the people bankrolling Trump and the Republican party are going to stop this rot before it consumes the politics of 2020, and perhaps more.
JP Morgan isnít the only Wall Street firm backing Republicans. Between April and June, Senate majority leader Mitch McConnell collected $3m but just 9% of it came from individuals in his home state, Kentucky. The biggest block came from Wall Street hedge funds like the Blackstone Group ($95,400), KKR ($51,000), and Apollo Global Management and Golden Tree Management ($65,100).

Why is Wall Street funding Trumpís GOP? Because it is delighted with what Trump and Senate Republicans are giving it: tax cuts and regulatory rollbacks.

Dimon was instrumental in getting the Trump-Republican tax cut through Congress. Last year it saved JP Morgan and the other big banks $21bn.


Of course the CEO's of these companies would argue that they are working in the best interests of their share holders. I am sure companies like Deutsche Bank, BMW and Ford Germany said the same thing...in the 30's & 40's.


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Reply Robert Reich: Of course Donald Trump is a racist - and his Wall Street enablers know it (Original post)
Soph0571 Jul 21 OP
handmade34 Jul 21 #1

Response to Soph0571 (Original post)

Sun Jul 21, 2019, 07:02 AM

1. sadly...

the truth is that there are more of us than them... money does not buy an election unless the voting people are gullible and unable to think critically on their own... collectively we have immense power but find ourselves unwilling or unable to use it

this is where we are... I am afraid for our Country

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