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November 11, 2016 | Trump Supporters Duped: Presidential Team Filled with Status Quo Insiders

Danielle Park

Portfolio Manager and President of Venable Park Investment Counsel ( Ms Park is a financial analyst, attorney, finance author and regular guest on North American media. She is also the author of the best-selling myth-busting book "Juggling Dynamite: An insider's wisdom on money management, markets and wealth that lasts," and a popular daily financial blog:

Far from the change he promised:  team Trump is already full of Wall Street and K Street insiders.  With little personal depth, self-discipline or moral convictions of his own, Trump is a perfect blank canvas for status quo policies and actors to fill in self-serving details.  See Team Trump is already filled with Washington insiders:

To shape his administration, President-elect Donald Trump is drawing squarely from the “swamp” he has pledged to drain.

Trump’s transition team is staffed with long-time Washington experts and lobbyists from K Street, think tanks and political offices.

It’s a far cry from Trump’s campaign, which ended only Tuesday night, and message that he would “drain the swamp” in Washington. He has advocated congressional term limits and proposed a “five-point plan for ethics reform” that included strengthening restrictions on lobbying, including five-year bans for members and staff of the executive branch and Congress from lobbying, and expanding the definition of lobbyist to prevent more revolving door activity.

But he has so far fully embraced lobbyists within his transition, and all signs point to a heavy influence from longtime Washington Republican circles on his transition. And with Trump mostly skipping detailed policy proposals during his campaign, they can have a powerful impact on his agenda..

Apparently it will take at least one more status quo administration and breach of public trust before social upheaval topples the powers that be.  As observed by JKB:

“People of privilege will always risk their complete destruction rather than surrender any material part of their advantage.” –John Kenneth Galbriath

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November 11th, 2016

Posted In: Juggling Dynamite

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