17 Comments

1. Trump transition team. Catherine, I will this be a discussion point? Today’s post: Donald Trump Recruits Corporate Lobbyists to Select His Future Administration, certainly suggests he’s not wasting any time reversing key positions.

   https://theintercept.com/2016/11/08/trump-transition-lobbyists/

   Best, Allison

2. Inviting people to submit names does not necessarily mean anything. If they impose the ban on lobbying – that will be quite meaningful. So far, it looks like a focus on corporate growth. Tear up Dodd Frank, bring back all the corporate money. More tonight on Money & Markets.

3. Thanks for the wonderful interview featuring you, Jon, and Joseph. We have so much hope for change right now, but there will be great pressure and influence focusing on Donald Trump, trying to keep everything exactly the same. I have to believe that powerful Wall Street interests will promise him tons of money and financing for any real estate project in the future if he just takes care of them. In addition, I’m sure he will feel threats to his safety if he goes too far for the people, and this would rattle anyone.

   Let’s take it one step at a time, and hope that we see great change for Americans everywhere.

   1. See Corbett Report for what appears to be “Meet the New Boss, same as the Old Boss.. https://www.youtube.com/watch?v=i5PpuGZzyFc

      1. Will post an analysis from Dublin this weekend.

         1. Here are the hard facts so far:

            IMO Trump and the military intelligence establishment who back him have accomplished the following:

            1. TPP is dead; assume the same for TISA and European equivalent
            2. The Bush-Clinton Dynasty has ended – unless the third generation can bring it back 8-16 years from now since they are still rich and have not yet been relived of illgotten gains
            3. The Neolibearal model is facing defeat across Europe in 2017 having been defeated in the UK and USA in 2016
            4. The chances of war with Russia are significantly reduced

            The next thing they need to accomplish is the inauguration and to create the capacity to manage the machinery – Big job.

            In addition to putting their team in place, they need to assert control of the personal and SES system, the contracting offices and the CFO/general counsel offices throughout the agencies. And the bank depositories. Remember the NY Fed runs their accounts.

            This is why Pence has been put in charge of the transition team. He knows the machinery. If you don’t master and comand the machinery you will fail.

            So the next test is:

            WHO gets the Cabinent and subcabinet positions
            Executive Orders – does he throw out 50+ in the first week?
            What he agrees with Mitch McConnell and the Speaker (Ryan or his replacement) on a first year agenda – they don’t have national support for a full list. So they will have to pick and chose.

            No one on the Cabinet list is one of the Neocons. Whether the Neocons get cleaned out will be an early signal. You are seeing nuts and bolts names like Grady instead of ideologue names like Wolfowitz. Post innauguration, how many of the EOs will he cancel? That will be a second important signal.

            For many of the changes he wants to make he needs a 60-80% consenus in the voting population to achieve it. He does not have that yet. If he engineers a return of a significant amount of offshore cash and an infrastructure program that will give him some lift.

            Kiplinger indicates early relief on Crowdfunding rules and Dodd Frank. If that lets small business equity flow combined with lower taxes that will give him some lift as well.

            He will have to focus on things that give lift to the economy.

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