Just when we thought it couldn't get worse with the recruitment of the Wall Street mafia by Donald Trump, he does everything he can to make sure that the US plutocracy will secure its interests at the expense of the US middle class. With such a cabinet, it's a matter of time to see the US middle class completely vanished.
The reqruitment of another plutocrat and fanatic supporter of deregulation proves now, beyond doubt, that Trump is here to continue the neoliberal pro-establishment agenda for the benefit of his billionaire class.
From Salon :
President-elect Donald Trump’s transition team has announced that Carl Icahn, the Wall Street tycoon responsible for destroying the airline company TWA, will play a key role advising him on regulatory reform.
Not surprisingly, the choice is being harshly criticized. Democratic National Committee spokesman Eric Walker told USA Today on Wednesday that Icahn “will also be in charge of overseeing regulatory overhauls while simultaneously controlling or owning stock in companies that could benefit from the changes he makes.” Walker later added that “the corrupt nature of this arrangement cannot be understated. Voters who wanted Trump to drain the swamp just got another face full of mud.”
Icahn [saved] Trump’s Taj Mahal casino from bankruptcy in the 1990s and, much to Trump’s dismay, backed a hostile takeover of Trump Entertainment Resorts as it entered bankruptcy restructuring.
Icahn is perhaps most notorious for breaking up the airline company TWA. After taking over the company in 1985 by buying more than 20 percent of the company’s stock, Icahn gradually stripped it of its assets so he could profit off of it. In 1988, he took the company private, earning $469 million while leaving the company with $540 million in debt; in 1991, he sold TWA’s London routes to American Airlines for $445 million, which one former pilot described as a “killer” for the company to St. Louis Magazine in 2006; and from 1992 to 1993, TWA filed for bankruptcy so that its creditors could own 55 percent of the company, which earned Icahn $190 million.
From Wikipedia :
Icahn has held substantial or controlling positions in many corporations, including RJR Nabisco, TWA, Texaco, Phillips Petroleum, Western Union, Gulf & Western, Viacom, Uniroyal, Dan River, Marshall Field's, E-II (Culligan and Samsonite), American Can, USX, Marvel Comics, Revlon, Imclone, Federal-Mogul, Fairmont Hotels, Blockbuster, Kerr-McGee, Time Warner, Netflix, Motorola, and Herbalife.
In June 2008, Icahn launched The Icahn Report, which hosts United Shareholders of America where individual investors can sign up and campaign for shareholder rights.
Bernie Sanders had condemned the unholy connection between Trump-Icahn, which resulted in significant losses of workers' benefits. From berniesanders.com :
After Trump’s casino went bankrupt, another billionaire, Carl Icahn, last February added the property to his collection of two other Atlantic City casinos.
Workers at the Taj Mahal have seen their paychecks cut by more than one-third, their pensions eliminated and their high-quality health insurance plan eliminated.
Icahn has endorsed Trump, who in turn put the billionaire on his list of potential treasury secretaries.
As repeatedly stated by this blog, there is nothing 'anti-establishment' in the Donald. It looks like the banksters tricked us again ...