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5 Reasons Why Trump’s Just Another Oligarch

By:
Joe Valachi
August 31, 2020 5:35 PM

Remember when Trump was going to “Drain the Swamp”?

 

He spoke about it nonstop during the campaign.  Even the first few months into his presidency,Trump talked about reclaiming America for the people.  

 

However, what he promised and what he’s done are two different things.  

 

It would appear that, like every other politician, Trump has worked hard to repay the people that got him elected.  As opposed to typical politicians who get their contributions from Wall Street, Trump’s biggest backers come from the fossil fuel and real estate industries.  

 

As such, he’s doing his best to pay those people back at the expense of the American people.  Here are five examples:

Deregulation

It’s common knowledge that over regulation hurts the economy.  However, no regulation can quickly destroy our society.   Environmental regulation, specifically, has been a thorn in the side of the fossil fuel industry for decades.  

Luckily for them, President Trump eliminated regulations related to carbon/methane emissions, dumping of waste, and endangered species.  

Opportunity Zones

On the surface this seems like a good idea.  Investing money in poor neighborhoods.  But when you look closer, you see it’s a tax avoidance scheme for real estate investors.

They get to avoid capital gains tax by investing the money in these neighborhoods.  The result is not only, excess profits for them, but also continued gentrification in low income areas.  

Rex Tillerson

Naming the CEO of Exxon Mobil to be the Secretary of State?  Not like it was a secret that America conducted its foreign policy on behalf of the oil companies.  But this only made it official.

Higher Defense Budget

While Trump talks a lot about getting the U.S. out of expensive foreign wars, he has raised the defense budget more than 15% from where it was under Obama.  Of course, like any good president, he has to keep the military industrial complex happy.  

Merging The Federal Reserve with the Treasury Department

By far his biggest offense, Trump brought the Fed under the control of the Treasury department.  After years of criticizing Obama for using the central bank to support his politics, Trump did the same thing on an even bigger scale.

 
It’s hard to overstate how reckless it is to put control of the Fed in the hands of a politician.  Essentially, it means that U.S. monetary policy can now be used to support the political goals of the administration instead of what is best for the people.  

This year Trump's not talking about “Draining the Swamp”.

 

He knows he can’t pretend like that is a priority considering his behavior the last four years.

 

Like any other politician, Trump has served the people who helped get him elected.  The only difference is that these ones come from a different oligarchy than the ones who usually run the presidency.  

Are Trump's interests more aligned with those of the American People than Biden's?

Let us know what you think on social media.
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