Wall Street Won Bigly By Running Against Wall Street

[DonViejo]

December 12, 2016 6:00 am

In the closing ad of Donald Trump’s presidential campaign, he promised to oppose a “global power structure that is responsible for the economic decisions that have robbed our working class, stripped our country of its wealth, and put that money into the pockets of a handful of large corporations and political entities.”

The ad never used the words “Wall Street,” but the faces you see filling up the the screen — many of whom just happen to be Jewish — include Goldman Sachs chairman Lloyd Blankfein.

In the primary, Trump ripped Ted Cruz for his loans from that firm and, by implication, Cruz’s wife’s employment as a Goldman executive. Last summer, the GOP nominee claimed “Hillary will never reform Wall Street. She is owned by Wall Street!” — playing on the notion that she’d been paid off with the millions she got from speeches delivered to Goldman and other banks.

Wall Street — particularly (((Goldman Sachs))) — was the perfect anchor to toss at his opponents. And you’ll never guess what happened next.

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http://www.nationalmemo.com/wall-street-won-bigly-running-against-wall-street/

[Wounded Bear]

1. Yep, classic bait and switch...

he conned the rubes bigly.

[pampango]

2. "Since won the presidency, Trump has hired three current or former executives of the investment bank

for key economic positions to serve in or along side his cabinet of billionaire donors and fired generals, as they plot what is beginning to look like the biggest transfer of wealth to the richest in human history.

And Wall Street loves it — as you can tell by the extended orgasm the stock market has been enjoying over Trump. From his massive tax breaks for the rich to Republican plans to privatize everything from Medicare to roads to schools, the bankers won bigly.

Greenberg’s new research on Trump voters finds they aren’t troubled by his stocking his cabinet full of bankers and billionaire donors. But they’ll be pissed as hell if his tax breaks mostly benefit the rich as he breaks his promise to protect Social Security and Medicare.

As unpopular as Trump was, he found an enemy that America hates more — rich people who get rich off of you. And he was talented enough to use his experience ripping people off as evidence that he knew how to stop it. Now the payback is coming. Thanks to Trump, the richest — who have never been richer — will be getting even richer still.

Wall Street is lucky that the candidate who nominally ran against them is actually promoting 'trickle-down' policies that have made them richer and richer.