Trump Picks Goldman Sachs Alum As National Campaign Finance Chairman
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IS GOLDMAN SACHS INFILTRATING TEAM TRUMP?
By John Titus
There’s a certain aroma—shit—about Donald Trump’s selection of a campaign finance manager from Goldman Sachs, and it comes from the timing of events.
Two days earlier, Ted Cruz, whose own entanglements with Goldman dogged him throughout his campaign, shocked everyone by suddenly ending his candidacy. Up until then, Goldman appeared to have its bases covered in the presidential race: it has owned the Clintons outright since the early 1990s, and its claim on the two-horse in the Republican race was solid headed into a favorable stretch.
But then came Cruz’s surprise announcement.
Not only did Cruz’s forfeit directly undercut his own steadfast representations that he would gut it out all the way to the convention, it came before a series of primaries in states where Cruz was projected to do well.
Cruz’s decision, in other words, didn’t make any sense. At least it didn't two days ago.
Today, however, we learned that Donald Trump, the presumptive presidential nominee on the Republican ticket, has hired Steven Mnuchin, a former partner at Goldman Sachs who worked at the bank for 17 years.
Trump’s decision to "reverse course" and borrow money, reported a day ago by the Wall Street Journal, is that the presidential race is projected to cost up to $1 billion, significantly more than the $36 million Trump has removed from his personal coffers thus far. Like every other candidate, Trump was going to need other people’s money sooner or later if he wishes to have a realistic shot at the White House, and that time has come.
Even if this is true, though, it fails to explain why Trump chose to ally himself, even indirectly, with Goldman Sachs, the most powerful criminal banking enterprise on the planet. Trump could have chosen any number of financiers not allied with Goldman to achieve his putative goal—and he would have kept a certain stash of ammo against Hillary Clinton (his likely foe) bone dry. Clinton herself received $675,000 from Goldman for 3 speeches and refuses to release the transcripts. Any notion that Trump would pound on Hillary for concealing her own words to Goldman have just been weakened somewhat—by Donald Trump.
One must wonder why Trump made the particular choice that he did.
But there's a predicate in the chronology here that's worth considering first, and that's Ted Cruz. Why did he suddenly drop out? What could have induced him to do that? One possible answer may involve his $1 million debt--to Goldman Sachs--which never appeared on his Federal Election Commission disclosure form.
But Goldman wouldn't have made any debt-forgiveness deal unless it got something--something worth a lot more than $1 million.
Is Steven Mnuchin Goldman's chad in such a deal?
Who knows? One thing's for sure, though. It didn't take Goldman Sachs' fabled blood funnel very long to find an opening in Donald Trump's campaign once his nomination path was clear.
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Photo by William Banzai7
Post author John Titus/Cheyenne