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Donald Trump Announces Team of Economic Advisors Which Includes No Actual Economists

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All Are Men, All But One Are White

Donald Trump has announced the members of his economic advisory team, and there is not a single actual economist among them. The list of fourteen people, all men, no women, and all but one are white men, includes 11 CEOs or corporation presidents, at least four billionaires, and nine who are involved in real estate, oil and gas, banking, and/or hedge fund management.

University of Michigan economics professor Justin Wolfers, as Think Progress just reported, took to Twitter to note that there are “no actual economists” on Trump’s list of economic advisors, what the billionaire businessman is calling the Trump Economic Advisory Council. And perhaps worse, “only two have studied economics beyond an undergraduate level.”

Wolfers, who is also a New York Times contributing columnist, and a senior fellow at the Brookings Institute and the Peterson Institute for International Economics, sums up Trump’s team as “a wreck.”

Daily Kos also offers a detailed look at the list, concluding, “there are a couple of Wall Street hedge fund billionaires, at least two mortgage fraudsters, America’s discount cigarette CEO, the king of crumbling strip malls, Nixon’s former lawyer who moved to Neverland, a fracking crazy oilman who attributes rising stock prices to Trump, a second generation Goldman-Sachs investment banker, and a corporate raider who profited from both the 2008 crash and 9/11.”

NEW: Trump’s New Advisor Suggested America Make ‘Peace With The Muslim World’ By Dropping An Atomic Bomb

The list of advisors includes Tom Barrack, Andy Beal, Stephen M. Calk, Steve Feinberg, Harold Hamm, Howard Lorber, Steve Mnuchin, John Paulson, Wilbur Ross, Steve Roth, Dan DiMicco, David Malpass, Stephen Moore, and Peter Navarro.

As many have noted, the list does include five “Steves.”

UPDATE:
Peter Navarro’s personal website states he is “a distinguished keynote speaker and corporate trainer,” and “holds a Ph.D. in economics from Harvard University and has been a business professor at the University of California-Irvine for more than 20 years,” which does not make him a professional economist.
Thomas Barrack’s bio at Forbes states he is the “grandson of Lebanese immigrants to Los Angeles,” and ThinkProgress has updated their article to note they “incorrectly identified Barrack as white.”

 

Image by Disney | ABC Television Group via Flickr and a CC license 

 

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News

Debt Ceiling: McCarthy Faces ‘Lingering Anger’ and a Possible Revolt as Far-Right House Members Start Issuing Threats

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As House Speaker Kevin McCarthy (R-CA) continues to negotiate a deal to avoid a debt crisis, members of the far-right Freedom Caucus are growing furious with him over broken promises he made to them.

According to MSNBC political analyst Steve Benen, with a slim GOP majority in the House, McCarthy is walking a tightrope to get a budget deal passed and may need help from House Democrats if members of his caucus refuse to go along with him.

As Benen points out, in order to win the speakership McCarthy agreed to an easier path for a motion to “vacate the chair” which could end his tenure as Speaker. That could come into play if the Freedom Caucus stages a revolt.

“… as the negotiations approach an apparent finish line, the House Republicans’ most radical faction is learning that it isn’t likely to get everything its members demanded — and for the Freedom Caucus, that’s not going to work,” he wrote in his MSNBC column.

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Citing a Washington Times report that stated, “[Freedom Caucus members] want everything from the debt limit bill passed by the House last month plus several new concessions from the White House,” Benen suggested far-right House Republicans are now issuing veiled threats.

In an interview, Rep. Chip Roy (R-TX) stated, “I am going to have to go have some blunt conversations with my colleagues and the leadership team. I don’t like the direction they are headed.”

With Politico reporting, “The [House Freedom Caucus] was already unlikely to support a final bipartisan deal, but lingering anger with Kevin McCarthy could have lasting implications on his speakership,” Benen added, “If this is simply a matter of lingering ill-will from members who come to believe that GOP leaders ‘caved,’ the practical consequences might be limited. But let’s also not forget that McCarthy, while begging his own members for their support during his protracted fight for the speaker’s gavel, agreed to tweak the motion-to-vacate-the-chair rules, which at least in theory, would make it easier for angry House Republicans to try to oust McCarthy from his leadership position.”

Adding the caveat that he is not predicting an imminent McCarthy ouster he added, “But if the scope of the Freedom Caucus’ discontent reaches a fever pitch, a hypothetical deal clears thanks to significant Democratic support, don’t be surprised if we all start hearing the phrase ‘vacate the chair” a lot more frequently.”

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BREAKING NEWS

Prosecutors Tell Trump They Have a Recording of Him and a Witness: Report

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Prosecutors in Donald Trump’s Manhattan criminal trial have notified the ex-president’s attorneys they have a recording of him and a witness. The notification comes in the form of an automatic discovery form, CBS News reports, which “describes the nature of the charges against a defendant and a broad overview of the evidence that prosecutors will present at Trump’s preliminary hearing or at trial.”

CBS reports prosecutors have handed the recording over to Trump’s legal team.

It’s not known who the witness is, nor are any details known publicly about what the conversation entails, or even if it is just audio or if it includes video.

READ MORE: ‘Likely to Be Indicted Soon’: Trump Might Face Seven Different Felonies, Government Watchdog Says

According to the article’s author, CBS News’ Graham Kates, via Twitter, prosecutors say they also have recordings between two witnesses, a recording between a witness and a third party, and various recordings saved on a witness’s cell phones.

Trump is facing 34 felony counts in Manhattan District Attorney Alvin Bragg’s case related to his allegedly unlawful attempt to hide hush money payoffs to a well-known porn star by falsifying business records to protect his 2016 presidential campaign.

See the discovery form above or at this link.

Image via Shutterstock

 

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CRIME

‘Likely to Be Indicted Soon’: Trump Might Face Seven Different Felonies, Government Watchdog Says

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It’s no secret the U.S. Dept. of Justice is investigating Donald Trump for his role in attempting to overturn the 2020 presidential election, and for his likely unlawful removal, retention, and refusal to return hundreds of documents with classified and top secret markings.

Earlier this week Rupert Murdoch’s Wall Street Journal reported, “Special counsel Jack Smith has all but finished obtaining testimony and other evidence in his criminal investigation into whether former President Donald Trump mishandled classified documents at his Mar-a-Lago resort.”

And while it’s unknown if or when Trump will be indicted, a government watchdog says the ex-president who is once again staging a White House run is “likely to be indicted soon.” The organization is offering details on what it claims could be seven felony charges he might face.

“The next criminal charges former President Donald Trump may face could well come from Special Counsel Jack Smith’s investigation into Trump’s possession of nearly 300 classified documents — including some marked as top secret — at his Mar-a-Lago residence and business in the year and a half after he left office,” Betsy Schick and Debra Perlin of Citizens for Responsibility and Ethics in Washington (CREW) state in a lengthy report published Friday.

READ MORE: DeSantis Slammed by Former High-Level FBI Official After Declaring How He Would Treat Bureau’s Independence

“While Fani Willis’ Fulton County, Georgia investigation into election interference continues, as does a federal investigation into efforts to overturn the 2020 election, and Alvin Bragg has already indicted Trump in New York for his role in false statements connected to hush money payments to Karen McDougal and Stephanie Clifford (aka Stormy Daniels) during the 2016 presidential campaign, an indictment by Smith in the Mar-a-Lago investigation would yield the first federal charges against the former president,” CREW notes.

“Trump may face charges ranging from obstruction of justice and criminal contempt to conversion of government property and unauthorized removal and retention of classified documents or material.”

Here is a list of “possible crimes” Trump might be charged with, according to CREW:

Obstruction of justice (18 U.S.C. § 1519)

Criminal contempt (18 U.S.C. § 402)

False statements to federal authorities (18 U.S.C. § 1001)

Conversion of government property (18 U.S.C. § 641)

Unauthorized removal and retention of classified documents or material (18 U.S.C. § 1924)

Removing and concealing government records (18 U.S.C. § 2071)

Gathering national defense information (18 U.S.C. § 793(e))

READ MORE: Republican Complaining It’s ‘Almost Impossible’ for Straight ‘White Guys’ to Get Appointed by Biden Has History of Bigotry

CREW also offers that Trump’s attorneys may try to argue several different defenses, including:

No “knowing” removal

Deference to the intelligence community

Challenging the constitutionality of the Special Counsel regulations

Additionally, several reports this week also appear to suggest an indictment might be coming, and soon.

Citing a Washington Post report published Thursday, several top legal experts are predicting DOJ will charge Donald Trump, and those charges will include obstruction and violations of the Espionage Act.

Earlier this week NYU School of Law professor of law Ryan Goodman said Dept. of Justice Special Counsel Jack Smith had struck “gold” after obtaining the contemporaneous notes of a Trump attorney who counseled the ex-president on his possibly unlawful handling of classified documents.

 

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