American voters are rightfully frustrated with the constant gridlock in Washington, where our Republican-dominated Congress operates like an auction house for multinational corporations and special interest lobbyists, putting the needs of the ultrawealthy above those of regular Americans. Donald Trump promised his voters that he would “drain the swamp” and make government work for the American people again. How anyone took his promises seriously is difficult to understand, but millions of Americans apparently wanted major change and decided Trump was their best chance for it.
Needless to say, they couldn’t have been more wrong. First, Trump began by appointing a swath of lobbyists to his transition team. Now, he’s taking advice from banking oligarchs for his cabinet.
The Hill just reported that Donald Trump will be holding a closed-doors meeting with Goldman Sachs president and chief operating officer Gary Cohn to consult with him on cabinet appointees. The notorious multinational finance corporation Goldman Sachs was a major player in setting the stage for the Great Recession before crying to Washington for a bailout. They now have assets of 861 billion dollars and make $6.8 billion in profits a year – which they pay a paltry 18% tax on.
Now that Goldman Sachs has the President-elect’s ear, they will persuade the easily manipulated egomaniac to hire Wall Street shills who will push for radical deregulation of the financial markets, allowing the big banks to resume playing casino capitalism with the savings of the American people and setting the stage for the next financial collapse.
President Obama and Senator Elizabeth Warren’s (D-MA) Consumer Financial Protection Bureau will be the first to go, leaving the American people once more vulnerable to the predatory machinations of big banks like Wells Fargo, which just got busted conducting a massive scheme in which bank agents opened fake accounts for their customers and bilked millions out of everyday Americans. Trump’s economic plan is already projected to inflate our national debt by five trillion dollars; if the oligarchs at Goldman Sachs get their way, we could be looking at another recession quicker than anyone could have predicted.
Trump promised the American people that he would weed out corruption in Washington and “drain the swamp.” Instead, he appears to be burrowing himself squarely in the mire. On the campaign trail, he railed against Hillary Clinton and Ted Cruz for their connections to Goldman Sachs. “They have total, total control over him. Just like they have total control over Hillary Clinton” he complained at one of his rallies.
It looks like they will have total control over Donald Trump as well.
In case there were any lingering doubts, there’s nothing like a million-dollar a plate fundraiser to really get rid of corruption in Washington:
Draining the swamp (in between candlelight dinners with $1M donors to the inaugural committee). pic.twitter.com/81eqscCGZa
— Kenneth P. Vogel (@kenvogel) November 29, 2016
What do you think?
Colin Taylor is the editor-in-chief of Occupy Democrats. He graduated from Bennington College with a Bachelor's degree in history and political science. He now focuses on advancing the cause of social justice and equality in America.