Скачать или смотреть Financial Expert Says Wall Street Got Conned By “Chaos Monster” Trump

Financial expert Helaine Olen, in a column for MSNBC, says that investors and donors on Wall Street were duped by Donald Trump into believing that he was going to be a huge financial boon for them. Instead of the economic mastermind they were promised, they got when Olen describes as a “chaos monster” that has no idea what he’s doing or why he’s even doing it. Ring of Fire’s Farron Cousins explains what happened.
 
Link – https://www.rawstory.com/trump-wall-s...

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*This transcript was generated by a third-party transcription software company, so please excuse any typos.

In a column on MSNBC's website this week, personal financial analyst and expert, uh, Helene Olen wrote that Wall Street was as per usual duped by what she calls the chaos monster of Donald Trump. Now, as we all know, in the 2024 election Wall Street, they gave a lot of money to the Democrats, right? They gave a lot, but they gave more in terms of both money and open support to Donald Trump and the Republicans because they did that as Olin writes, in the hopes that we would get deregulation, right? We're not gonna have the government police looking over our shoulders. We can do some shady, you know, let's get away with it. And of course we're gonna get those tax cuts, right? All of it they got, but they also got some of the worst economic numbers that they have seen in years. Here's what Olin writes, wall Street Reveled in Trump's promises of even more tax cuts and defanged regulators, not to mention making the world safe for saying all those politically incorrect thoughts about DEI.

What could go wrong? Plenty. It turns out she writes, wall Street's enthusiasm for Donald Trump was always a triumph of hope over experience and evidence. True absence makes the heart grow fonder. But there were signs everywhere long before where Trump was elected that he was serious about tariffs, which Wall Street rationally or irrationally abhors and other policies that have both roiled the markets and sparked warning signs in the economy since his inauguration Trump's a chaos monster. He's embraced chaos as both an economic and governing strategy, which is a risky way to oversee the US economy. We are or were considered a stable country where the rule of law is enforced fairly and consistently. Financial markets and businesses crave stability and predictability. They react poorly to chaos and political favoritism and everything she has said is correct. These people were so desperate for the deregulation, for the tax cuts for, oh boy, we're gonna get whatever we want and we don't have to worry about getting arrested that they didn't see through the trees, right?

You didn't look at what happened the first time Trump was president. You didn't look at the policies he was telling you every day he was gonna do, which you know, will hurt you. You just, you wanted the tax cuts and you wanted the deregulation, and that was all you heard, and you buried your heads in the sand. You supported the guy, and now you're getting screwed more than anybody else in the country so far. I say so far because the rest of us are gonna get hit really hard through the ripples, but for now, y'all are feeling it harder than anybody else and you deserve

Every second of it. But then Olin went and said something that I absolutely love, and I'll say, I absolutely love it because it's what I've been saying for years. Here's what she wrote. Nine out of the last 10 recessions, including each of the last five, have begun with a Republican sitting in the Oval Office. Even as inequality soared to near record levels, many of the wealthiest Americans from Wall Street to Silicon Valley and everywhere in between have insisted they were the true victims, lashing out at the Biden administration and complaining about any regulation or possible tax increase, which never came to fruition. These supposed financial experts let their greed blind them to the reality that always was and always will be. Donald Trump. Again, all of it's true, but let's go back to that first statement. Nine out of the last 10 recessions, including each of the last five, have begun with a Republican sitting in the Oval Office.