Monday, June 12, 2023

Real Deep State is PEU Boys

The insider money funnel is bipartisan.  Many consider policy making billionaires to be the deep state as they craft tax policy and steer spending from Uncle Sam's wallet.  

Two stories regarding the Red political team are reflective of these statements.  An RNC leader in California receives a $120,000 salary for working two hours per week.  

Red Team Presidential candidate Ron DeSantis is headed to New York for a fundraiser sponsored by private equity and hedge fund executives.  CNBC reported:

The hosts listed on the DeSantis invitation include Paul Ardire, a partner at GoldenTree Asset Management, along with Christian Michalik, Rob Michalik and Corwynne Carruthers, who are all leaders at Kinderhook Industries, a private equity firm with at least $5 billion in assets under management, according to data from PitchBook. GoldenTree has at least $50 billion in assets under management, PitchBook says.

Politicians Red and Blue love PEU and increasingly, more are one.  The greed and leverage boys are the real deep state given their power and influence.  Trump's ramblings are for show and manipulation.

Update 6-14-23:  While the insider money funnel keeps circulating huge amounts of cash Donald Trump rails against the arms of government that would prevent or contain his White House return revenge fest.

Update 6-15-23:  Trump panders to the PEU Deep State while railing against his political opponents.  

Update 6-18-23:  Flashback to 2020 when General H.R. McMasters said:

In recent years, investment from U.S. venture capital and private equity firms in Chinese artificial intelligence companies exceeded U.S. investment in U.S. artificial intelligence companies.

Consider this interview with author Gretchen Morgenson.

She discusses how the four largest private equity firms — Apollo Global Management (APO), The Blackstone Group (BX), The Carlyle Group (CG), and KKR & Co. (KKR) — have grown to have an outsized impact on not just the U.S. economy, but American society as a whole.