Smart. Sharp. Funny. Fearless.
Monday, May 21, 2018

Donald Trump revealed his team of economic advisers on Friday, and the list is missing the names of those who usually serve as advisers to Republican presidential candidates.

As has been the case with the GOP’s nominee’s campaign, Trump’s rich friends are filling the spaces that would normally be occupied by Republican bigwigs who refuse to support his candidacy.

Peter Navarro is the only actual economist on the list, with a PhD from Harvard University. He currently teaches economics and public policy at the University of California, Irvine. Although relatively unknown, he is a big critic of US-China trade.

Instead of economic policy experts, Trump’s list of economic advisers is composed of finance and real estate industry executives.

“I am pleased that we have such a formidable group of experienced and talented individuals that will work with me to implement real solutions for the economic issues facing our country,” the GOP nominee said in a statement on Friday.

With a team of text-book capitalists guiding his economic plans, its hard to see how Trump would transform his populist economic message into policy.

Hedge fund investor John Paulson has made a name for himself as a cutthroat moneymaker. He is best known for making billions in profit from betting against the housing market before its crash in 2007. According to the Wall Street Journal, Paulson was making $10 million a day at one point, and made $4 billion total from the housing market collapse.

Billionaire oilman Harold Hamm, who is a longtime friend of Trump’s and spoke at the Republican National Convention on his behalf, is also part of the team, as is Howard Lorber, the CEO of a tobacco and real estate company.

Besides of a deficit in professional economists, the list also lacks diversity – something exemplified by the fact that it includes five white men named Steve.

Steve Roth, head of the giant Vornado Realty group, is one of them. Steven Mnuchin is another. He the chairman and CEO of hedge fund Dune Capital Management, and used to be an executive at Goldman Sachs. He also serves as Trump’s national finance chairman, and made headlines when he was chosen for the position because of his record of contributing to Hillary Clinton when she was a senator.

David Malpass, Dan DiMicco, Stephen M. Calk, Tom Barrack, Steve Feinberg, Andy Beal, and Stephen Moore will also be advising Trump on economic policy.

 

Photo: Republican U.S. presidential nominee Donald Trump gives two thumbs up as he stands in the Trump family box with his daughter Ivanka (R) awaiting the arrival onstage of his son Eric at the conclusion of former rival candidate Senator Ted Cruz’s address during the third night at the Republican National Convention in Cleveland, Ohio, July 20, 2016. REUTERS/Aaron P. Bernstein

Click here for reuse options!
Copyright 2016 The National Memo

9 Responses to Trump’s Economic Policy Team Is Filled With His Capitalist Friends

  1. Trump is smart to put Paulson on his team: he was spectacularly right when every single one of the establishment “experts” was wrong.

    • I think you should join the team and then we’ll really be in good shape. A goat turd in every pot!!!!!!

  2. Real estate, big oil and big tobacco thieves: A bunch of crooks resembling the James Gang!

    And we thought the GOP establishment was a reckless driver during GWB!

    I say when they drove the economy into a ditch causing the great recession, Trump was at the bottom of the ditch with this team that can make a deeper ditch!!

    This high flying circus act is fast coming to the expected conclusion but not fast enough!

    It was fun watching DJR savage the establishment clones but now this is just gut wrenching nonsense and tiresome!

  3. If it had not been because Bernie Maddoff is still in prison for fraud, he would have led The Donald’s economic team. With people like the ones he chose, we are guaranteed a return to the days of foreclosures and bankruptcies, capitalizing on the misery of millions of Americans who lost their homes, figuring out how to make an extra buck by outsourcing jobs and investing abroad (we may all end up wearing Trump underwear Made in Bangladesh), gas prices back to $4.60 a gallon like they were in W’s days, and banks speculating and gambling with depositor’s monies and make believe money. Ah, yes, it will be morning in America again…for every crook willing to work hard to fleece their fellow citizens.

    • Yeah! Republicans haven’t destroyed the American economy enough over the past 110 years – by running up 14 recessions and 3 depressions to the Democrat’s 3 recessions in those 110 years.

      Managing a paltry 2.6% average annual GDP growth each year against the Dem’s much more robust 4.3% average annual growth rate.

      And virtually destroying the stock market’s returns every time they’re in office by the constant recessions and depressions they manage to create (even sometimes willing them to happen); such that the stock market actually has seen a negative gain over the last 42 years of GOP presidencies.

      So now they really want to destroy the American economy by turning things over to a bunch of virtual shysters led by America’s greatest conman!! Wow, what a deal they’re offering us voters!!

      Give us your vote and we’ll guarantee that what ever monies you have invested for retirement will vanish – just like has happened virtually every time a Republican is in office – we are expert at destroying retirements!!

  4. Meantime, back in the news, this should tear it for a lot of people. This aint right. How can you do this when your wife is running for president? A new low for shame and a new high for lack of care for american people.

    Face it, Hillary is in this for the trophy of husband and wife being president. Trump is in it for the biggest negotiation of his life. Neither cares for people, only themselves and this proves it if nothing else did.
    http://radaronline.com/celebrity-news/bill-clinton-caught-kissing-another-woman-at-hillarys-rally/?utm_source=Outbrain2&utm_medium=cpc&utm_campaign=SpecialPush&utm_term=5367995

Leave a reply