The Trump administration has decided to push hard for tax reform and dial down a controversial national security investigation into steel imports, reports the Financial Times in its lead story.
It should be noted that ousted Donald Trump senior adviser Steve Bannon was a strong supporter of the steel imports investigation as a first step toward slapping tariffs on steel imports. Trump's national economic adviser Gary Cohn was against the effort.
That Trump is moving in the direction of tax "reform" is a solid indication that the Goldman Sachs players in the White House have formed an alliance with the generals in the White House.
With Trump planning to address the nation tonight, likely announcing a troop build-up in Afghanistan, something desired by military brass, it appears that military efforts will be handled by the Generals, in particular, Kelly, Mattis and McMaster, and economic policy will be headed by Cohn, a former Goldman Sachs president, and Treasury Secretary Steve Mnuchin, a former Goldman Sachs partner.
Trump will become something of a tweet master frontman.
Aside from Trump tweets to the masses, the populist movement will have no bearing on White House policy.
From a trade perspective, this is a plus.
It will, however, mean the further expansion of the military efforts of the Empire.
-RW
I can't imagine any Goldman Sachs cronies pushing for tax reform that will benefit the hard working, heavily taxed productive classes. (People who are taxed primarily on ordinary income.)
ReplyDeleteGiven your adherence to the axiom that 'when goods do not cross borders, armies will', how on earth can policy be both furthering the expansion of military empire and a plus for trade?
ReplyDeleteBoeing, Lockheed, Raytheon, General Dynamics etc etc
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