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Monday, November 11th, 2024

Meet the billionaires leading Trump’s transition team

Author:     JASPER GOODMAN and MERIDITH MCGRAW
Source:     Politico
Publication Date:     11/07/2024 | 11:00AM ET
 Link: Meet the billionaires leading Trump’s transition team
Stephan:  

Trump and those he serves are shaping an administration unlike anything ever seen before in the United States. The national wealth inequality has become so great that a government is being structured that is first of all loyal to Trump and second of all, committed to creating the government outlined in Project 2025. As I have said many times before oligarchic fascism is never imposed on a country, it is always voted into office  by an electorate no longer interested in preserving democracy. Read your history. This is how Hitler, Mussolini, Stalin, and Orban all came into power.

The billionaires shaping Trump’s new administration, Howard Lutnick and Linda McMahon. Credit: Politico

In a break from his approach in 2016, Donald Trump has turned to a pair of staunch allies from the private sector — Howard Lutnick and Linda McMahon — to lead his transition effort. Lutnick is in charge of personnel, while McMahon is overseeing policy.

Lutnick, the longtime CEO of the financial services firm Cantor Fitzgerald, was Trump’s leading conduit to Wall Street during this year’s campaign. He personally gave more than $10 million to the former president’s campaign and raised more than $75 million. Trump is close with Lutnick, who once appeared on “The Apprentice.”

But Lutnick’s approach to leading the transition has been controversial among some in Trump’s orbit. He has faced accusations from some Trump insiders that he has improperly mixed his business interests with his duties standing up a potential administration. Concerns about potential conflicts of interest for Lutnick include Cantor Fitzgerald and its relationship with one of the most controversial cryptocurrency companies in […]

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