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 ...
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