{"id":15842,"date":"2024-12-26T05:11:10","date_gmt":"2024-12-26T05:11:10","guid":{"rendered":"http:\/\/thisbiginfluence.com\/?p=15842"},"modified":"2024-12-26T05:11:10","modified_gmt":"2024-12-26T05:11:10","slug":"americas-new-oligarchy-inside-trumps-billionaire-administration","status":"publish","type":"post","link":"https:\/\/thisbiginfluence.com\/?p=15842","title":{"rendered":"America&#8217;s new oligarchy: Inside Trump&#8217;s billionaire administration"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p><span>Donald Trump, supposed champion of the working class, is stocking his Cupboard with billionaires.\u00a0<\/span><\/p>\n<p><span>That\u2019s a distinction along with his first go-round, when he proposed <\/span><a href=\"https:\/\/www.usatoday.com\/story\/news\/politics\/elections\/2024\/11\/21\/trump-administration-cabinet-picks-wealthy\/76433245007\/\" target=\"_blank\" title=\"\"><span>only one billionaire<\/span><\/a><span> Cupboard decide: <\/span><a href=\"https:\/\/www.dailykos.com\/stories\/2019\/5\/13\/1857340\/-Sen-Warren-I-ll-just-be-blunt-Betsy-DeVos-is-the-worst-Secretary-of-Education-we-ve-seen\" target=\"_blank\"><span>Betsy DeVos<\/span><\/a><span>, as secretary of training, who funneled <\/span><a href=\"https:\/\/www.dailykos.com\/stories\/2020\/6\/26\/1956108\/-Betsy-DeVos-changes-rule-to-funnel-more-than-1-billion-of-COVID-19-relief-to-private-schools\" target=\"_blank\" title=\"\"><span>public funds into private schools<\/span><\/a><span>.<\/span><\/p>\n<p><span>On the similar time, Trump\u2019s billionaire favoritism isn\u2019t <\/span><a href=\"https:\/\/www.dailykos.com\/stories\/2023\/9\/27\/2195898\/-UAW-president-slams-Trump-He-serves-a-billionaire-class\" target=\"_blank\" title=\"\"><span>much of a surprise<\/span><\/a><span>, since his marketing campaign was largely funded by the billionaire class. Billionaires, on the entire, <\/span><a href=\"https:\/\/www.dailykos.com\/stories\/2024\/3\/30\/2232338\/-GOP-billionaires-have-forgiven-Trump-for-that-whole-insurrection-thing\" target=\"_blank\"><span>quickly forgave<\/span><\/a><span> Trump after his try and overthrow the 2020 election. In any case, he promised to additional decrease their <\/span><a href=\"https:\/\/www.dailykos.com\/stories\/2024\/4\/9\/2234149\/-Trump-s-pitch-to-billionaires-More-unpopular-tax-cuts-for-the-rich\" target=\"_blank\"><span>meager tax burden<\/span><\/a><span> whereas reminding them of the <\/span><a href=\"https:\/\/www.dailykos.com\/stories\/2020\/10\/20\/1988019\/-There-are-644-billionaires-in-this-country-and-they-ve-made-almost-1-trillion-during-the-pandemic\" target=\"_blank\" title=\"\"><span>$1 trillion increase<\/span><\/a><span> of their wealth throughout his mishandling of the COVID-19 pandemic.\u00a0<\/span><\/p>\n<p><span>Right here\u2019s a breakdown of the monied individuals who will seemingly quickly be in command of our authorities.<\/span><\/p>\n<p><strong>Linda McMahon: Secretary of Schooling<\/strong><\/p>\n<p><span>A former skilled wrestling magnate and billionaire, McMahon is Trump\u2019s decide to <\/span><a href=\"https:\/\/www.dailykos.com\/stories\/2024\/11\/20\/2287513\/-Trump-taps-woman-behind-Hell-in-a-Cell-to-smack-down-public-education\" target=\"_blank\"><span>run the Department of Education<\/span><\/a><span>\u2014one thing she has even much less of a background in than DeVos did. Nevertheless, contemplating that Trump and different Republicans have referred to as for the <\/span><a href=\"https:\/\/apnews.com\/article\/trump-education-department-secretary-linda-mcmahon-a49af0778fa7c50163619d1764f93c91\" target=\"_blank\" title=\"\"><span>dismantling of the department<\/span><\/a><span>, placing the previous WWE CEO in cost does observe a perverse sort of logic.\u00a0<\/span><\/p>\n<p><span>McMahon served within the first Trump administration\u2019s Cupboard as <\/span><a href=\"https:\/\/www.npr.org\/2019\/03\/29\/708088994\/linda-mcmahon-to-quit-small-business-administration-joins-pro-trump-superpac\" target=\"_blank\" title=\"\"><span>small business administrator <\/span><\/a><span>earlier than becoming a member of the pro-Trump tremendous PAC America First Motion.\u00a0<\/span><\/p>\n<p><strong>Howard Lutnick: Commerce Secretary<\/strong><\/p>\n<figure class=\"image-captioned width-xl align-right\"><img decoding=\"async\" alt=\"FILE - Howard Lutnick speaks at a campaign rally at Madison Square Garden, in New York, Oct. 27, 2024. (AP Photo\/Evan Vucci, File)\" class=\"width-xl\" src=\"https:\/\/cdn.prod.dailykos.com\/images\/1372032\/large\/AP24325504715639.jpg?1732542669\" title=\"FILE - Howard Lutnick speaks at a campaign rally at Madison Square Garden, in New York, Oct. 27, 2024. (AP Photo\/Evan Vucci, File)\"\/><figcaption>Howard Lutnick speaks at a Trump marketing campaign rally in Madison Sq. Backyard on Oct. 27, 2024.<\/figcaption><\/figure>\n<p><span>A cryptocurrency <\/span><a href=\"https:\/\/www.dailykos.com\/stories\/2024\/11\/19\/2287352\/-Trump-taps-billionaire-Howard-Lutnick-for-commerce-secretary\" target=\"_blank\" title=\"\"><span>enthusiast and investment banking billionaire<\/span><\/a><span>, Lutnick can be a backer of Trump\u2019s <\/span><a href=\"https:\/\/www.reuters.com\/world\/us\/trump-seen-picking-lutnick-commerce-chief-punchbowl-reports-2024-11-19\/\" target=\"_blank\"><span>potentially disastrous tariff plans<\/span><\/a><span>. He&#8217;ll oversee a division that features the Census Bureau, the Nationwide Oceanic and Atmospheric Administration, and the Patent and Trademark Workplace, amongst others. All of these companies have been <\/span><a href=\"https:\/\/www.dailykos.com\/stories\/2024\/9\/30\/2273775\/-Trump-and-Project-2025-would-make-hurricane-recovery-even-harder\" target=\"_blank\" title=\"\"><span>earmarked for destruction<\/span><\/a><span>, slashing, or <\/span><a href=\"https:\/\/static.project2025.org\/2025_MandateForLeadership_FULL.pdf\" target=\"_blank\"><span>privatization<\/span><\/a><span> by the authors of Undertaking 2025, the Heritage Basis\u2019s plan for a second Trump administration.\u00a0<\/span><\/p>\n<p><span>Lutnick, a transition co-chair for Trump, <\/span><a href=\"https:\/\/www.nbcnews.com\/politics\/donald-trump\/trump-team-turns-project-2025-disavowing-effort-campaign-rcna180689\" target=\"_blank\" title=\"\"><span>claimed<\/span><\/a><span> he wouldn&#8217;t \u201ctake a listing from [Project 2025],\u201d and Trump <\/span><a href=\"https:\/\/www.dailykos.com\/stories\/2024\/8\/23\/2265347\/-Trump-can-t-shake-ties-to-Project-2025-and-it-s-driving-him-nuts\" target=\"_blank\" title=\"\"><span>spent weeks pretending he had never heard of<\/span><\/a><span> the wildly unpopular and fascistic plan throughout his marketing campaign. However now, after the election, <\/span><a href=\"https:\/\/www.dailykos.com\/story\/2024\/11\/29\/2287120\/-Project-2025-backers-are-infesting-Trump-s-next-administration\" target=\"_blank\" title=\"\"><span>things have changed<\/span><\/a><span>.<\/span><\/p>\n<p><strong>Scott Bessent: Treasury Secretary<\/strong><\/p>\n<p><span>A billionaire hedge fund supervisor who brazenly pushes for austerity measures to <\/span><a href=\"https:\/\/www.nytimes.com\/2024\/11\/23\/us\/politics\/scott-bessent-treasury-profile.html\" target=\"_blank\" title=\"\"><span>reduce the deficit,<\/span><\/a><span> Bessent was <\/span><a href=\"https:\/\/www.dailykos.com\/stories\/2024\/11\/22\/2288127\/-Trump-chooses-former-Soros-money-manager-to-be-Treasury-secretary\" target=\"_blank\"><span>tapped<\/span><\/a><span> to guide the Treasury Division. That\u2019s seemingly as a result of he <\/span><a href=\"https:\/\/oklahomavoice.com\/2024\/11\/25\/dc\/hedge-fund-chief-and-tariff-fan-scott-bessent-to-lead-treasury-under-trump\/\" target=\"_blank\" title=\"\"><span>supports Trump\u2019s ill-advised tariff plans<\/span><\/a><span>, even when these plans are <\/span><a href=\"https:\/\/apnews.com\/article\/budget-deficit-trump-harris-kamala-debt-1ee3ff65e22ccf19d19b792ee22c46da\" target=\"_blank\" title=\"\"><span>incongruous<\/span><\/a><span> along with his supposed objective of lowering the deficit.<\/span><\/p>\n<p><strong>Steven Witkoff: Center East Envoy<\/strong><\/p>\n<p><span>Witkoff made his billions as a New York actual property developer and has <\/span><a href=\"https:\/\/www.nytimes.com\/2024\/11\/25\/us\/politics\/witkoff-trump-middle-east-envoy.html\" target=\"_blank\" title=\"\"><span>ties to oil interests in the region<\/span><\/a><span> he&#8217;ll seemingly turn out to be a liaison to. Are you able to say \u201cbattle of curiosity\u201d?\u00a0<\/span><\/p>\n<p><strong>Jared Isaacman: NASA administrator<\/strong><\/p>\n<figure class=\"image-captioned width-xl align-right\"><img decoding=\"async\" alt=\"FILE - Commander Jared Isaacman speaks at a news conference after arriving at the Kennedy Space Center for an upcoming private human spaceflight mission in Cape Canaveral, Fla., Monday, Aug. 19, 2024. (AP Photo\/John Raoux, File)\" class=\"width-xl\" src=\"https:\/\/cdn.prod.dailykos.com\/images\/1374979\/large\/AP24339597204721.jpg?1733344633\" title=\"FILE - Commander Jared Isaacman speaks at a news conference after arriving at the Kennedy Space Center for an upcoming private human spaceflight mission in Cape Canaveral, Fla., Monday, Aug. 19, 2024. (AP Photo\/John Raoux, File)\"\/><figcaption>Jared Isaacman speaks on the Kennedy Area Middle on Aug. 19, 2024, in Cape Canaveral, Fla.<\/figcaption><\/figure>\n<p><span>Isaacman, a billionaire through <\/span><a href=\"https:\/\/www.nbcnews.com\/science\/space\/trump-picks-billionaire-jared-isaacman-lead-nasa-rcna182840\" target=\"_blank\" title=\"\"><span>a payment process firm he founded<\/span><\/a><span>, is an <\/span><a href=\"https:\/\/www.dailykos.com\/stories\/2024\/12\/4\/2290192\/-Trump-s-top-pick-for-NASA-A-billionaire-who-wants-to-privatize-space\" target=\"_blank\" title=\"\"><span>advocate for privatizing space programs<\/span><\/a><span>. He\u2019s by no means labored for the federal government, a lot much less NASA, which Trump tapped him to go up. However hey, he did pay an undisclosed sum of money to Elon Musk\u2019s SpaceX to go to house twice, in order that makes him an professional, proper?<\/span><\/p>\n<p><strong>Warren Stephens: Ambassador to United Kingdom<\/strong><\/p>\n<p><span>Trump tapped Stephens, an funding banker and Republican megadonor (what a coincidence!), to be the subsequent ambassador to the U.Ok. Based on <\/span><a href=\"https:\/\/www.theguardian.com\/us-news\/2024\/dec\/02\/trump-uk-ambassador-warren-stephens\" target=\"_blank\"><span>The Guardian<\/span><\/a><span>, \u201cStephens held a 40% stake in a payday mortgage firm, Integrity Advance, that the Shopper Finance Safety Bureau (CFPB) took motion in opposition to in 2015 for allegedly using predatory lending practices.\u201d Candy!<\/span><\/p>\n<p><strong>Charles Kushner: Ambassador to France<\/strong><\/p>\n<p><span>Charles Kushner (household internet value of <\/span><a href=\"https:\/\/www.forbes.com\/sites\/monicahunter-hart\/2024\/10\/27\/the-kushners-real-estate-empire-is-now-worth-more-than-trumps\/\" target=\"_blank\" title=\"\"><span>over $7 billion<\/span><\/a><span>) is the daddy of Trump\u2019s son-in-law Jared Kushner. Trump <\/span><a href=\"https:\/\/www.msnbc.com\/top-stories\/latest\/charles-kushner-trump-administration-pardon-rcna182668\" target=\"_blank\" title=\"\"><span>pardoned<\/span><\/a><span> the elder Kushner, a <\/span><a href=\"https:\/\/www.justice.gov\/archive\/tax\/usaopress\/2004\/txdv04kush0818_r.htm\" target=\"_blank\" title=\"\"><span>tax fraud felon<\/span><\/a><span>, and now offers the <\/span><a href=\"https:\/\/www.propublica.org\/article\/the-beleaguered-tenants-of-kushnerville\" target=\"_blank\"><span>slumlord<\/span><\/a><span> an ambassadorship\u2014nothing corrupt to see right here!<\/span><\/p>\n<p><strong>Elon Musk: Co-Chair of Division of Authorities Effectivity<\/strong><\/p>\n<p><span>What&#8217;s there to say in regards to the world\u2019s richest mid-life disaster? Musk poured billions into shopping for Twitter, turned it into X, and made it a right-wing propaganda cesspool in service of Trump\u2019s marketing campaign. His wealth shielded him from <\/span><a href=\"https:\/\/www.dailykos.com\/stories\/2024\/4\/10\/2234297\/-Right-wing-fraudsters-fined-1-25M-for-racist-election-robocall-scheme\" target=\"_blank\" title=\"\"><span>meaningful consequences<\/span><\/a><span> associated to his unethical (and probably unlawful) <\/span><a href=\"https:\/\/www.dailykos.com\/stories\/2024\/11\/4\/2282550\/-Musk-s-1-million-giveaway-is-just-a-rigged-scam-Musk-s-lawyer-reveals\" target=\"_blank\" title=\"\"><span>voter-registration lotteries<\/span><\/a><span>.\u00a0<\/span><\/p>\n<p><span>Together with tech bro Vivek Ramaswamy, Musk will head the <\/span><a href=\"https:\/\/www.dailykos.com\/stories\/2024\/11\/13\/2285881\/-First-signs-of-backlash-Trump-sidelines-Musk-at-toothless-commission\" target=\"_blank\" title=\"\"><span>\u201cDepartment of Government Efficiency,\u201d<\/span><\/a><span> which won&#8217;t formally be a part of the federal government however is as an alternative a deliberate advisory fee. (In different phrases, this isn&#8217;t a Cupboard place.)<\/span><\/p>\n<p><strong>Vivek Ramaswamy: Co-Chair of Division of Authorities Effectivity<\/strong><\/p>\n<figure class=\"image-captioned width-xl align-right\"><img decoding=\"async\" alt=\"Vivek Ramaswamy arrives before Republican presidential nominee former President Donald Trump at a campaign rally at the Santander Arena, Wednesday, Oct. 9, 2024, in Reading, Pa. (AP Photo\/Alex Brandon)\" class=\"width-xl\" src=\"https:\/\/cdn.prod.dailykos.com\/images\/1379360\/large\/AP24283847929920.jpg?1734560802\" title=\"Vivek Ramaswamy arrives before Republican presidential nominee former President Donald Trump at a campaign rally at the Santander Arena, Wednesday, Oct. 9, 2024, in Reading, Pa. (AP Photo\/Alex Brandon)\"\/><figcaption>Vivek Ramaswamy at a Trump marketing campaign rally on Oct. 9, 2024, in Studying, Pa.<\/figcaption><\/figure>\n<p><span>Ramaswamy made his cash by <\/span><a href=\"https:\/\/www.nytimes.com\/2023\/06\/27\/us\/politics\/vivek-ramaswamy-wealth.html\" target=\"_blank\" title=\"\"><span>tricking big investors into believing<\/span><\/a><span> in his burgeoning drug firm Roivant Sciences and its miracle Alzheimer\u2019s drug, intepirdine, which he purchased at a cut price worth from one other firm after the drug failed 4 trials. He then offered folks on believing the dangerous reward can be value it\u2014however <\/span><a href=\"https:\/\/www.forbes.com\/sites\/johnhyatt\/2024\/01\/17\/how-vivek-ramaswamy-got-richer-while-pumping-millions-into-failed-presidential-campaign\/\" target=\"_blank\"><span>it wasn\u2019t<\/span><\/a><span>. Ramaswamy was capable of safe large buyouts, changing into uber-rich whereas failing, and was free to fake he was a particular sort of businessman.\u00a0<\/span><\/p>\n<p><span>Ramaswamy does have one particular expertise that Trump cherishes: He\u2019s a salesman.\u00a0<\/span><\/p>\n<hr\/>\n<p><span>A lot of Trump\u2019s rich-as-hell picks have embraced austerity insurance policies which have <\/span><a href=\"https:\/\/www.theguardian.com\/business\/ng-interactive\/2015\/apr\/29\/the-austerity-delusion\" target=\"_blank\" title=\"\"><span>already failed western democracies<\/span><\/a><span>. Their disdain for presidency tasks to assist the non-rich is prone to result in extra increase for billionaires and extra <\/span><a href=\"https:\/\/www.dailykos.com\/stories\/2024\/11\/26\/2288780\/-Trump-announces-scheme-to-hike-prices-on-millions-of-struggling-families?pm_campaign=front_page&amp;pm_source=top_news_slot_7&amp;pm_medium=web\" target=\"_blank\" title=\"\"><span>bust for the American people.<\/span><\/a><\/p>\n<p><a href=\"https:\/\/bsky.app\/starter-pack\/did:plc:gchmzqms7ibr2fkpzggmufoe\/3lbd5pkdx7l2o\" target=\"_blank\"><strong>Click here for Daily Kos\u2019 Bluesky Starter Pack. Join us on Bluesky and @#$% Elon Musk!<\/strong><\/a><\/p>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.dailykos.com\/stories\/2024\/12\/25\/2288862\/-America-s-new-oligarchy-Inside-Trump-s-billionaire-administration?pm_campaign=blog&#038;pm_medium=rss&#038;pm_source=main\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Donald Trump, supposed champion of the working class, is stocking his Cupboard with billionaires.\u00a0 That\u2019s a distinction along with his first go-round, when he proposed only one billionaire Cupboard decide: Betsy DeVos, as secretary of training, who funneled public funds into private schools. On the similar time, Trump\u2019s billionaire favoritism isn\u2019t much of a surprise, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":15844,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[697,5031,7014,11718,2013],"class_list":["post-15842","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-politics","tag-administration","tag-americas","tag-billionaire","tag-oligarchy","tag-trumps"],"_links":{"self":[{"href":"https:\/\/thisbiginfluence.com\/index.php?rest_route=\/wp\/v2\/posts\/15842","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thisbiginfluence.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thisbiginfluence.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thisbiginfluence.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thisbiginfluence.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15842"}],"version-history":[{"count":0,"href":"https:\/\/thisbiginfluence.com\/index.php?rest_route=\/wp\/v2\/posts\/15842\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thisbiginfluence.com\/index.php?rest_route=\/wp\/v2\/media\/15844"}],"wp:attachment":[{"href":"https:\/\/thisbiginfluence.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15842"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thisbiginfluence.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15842"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thisbiginfluence.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15842"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}