The man charged with identifying key leaders in a new Trump administration is a billionaire, longtime attendee of the World Economic Forum in Davos, Switzerland, and a proponent of ESG business practices. The average Trump voter might be surprised by two of those three facts.
Trump followers boo loudly when ESG and DEI efforts are mentioned. Lutnick's firm is big on ESG and highlights its diversity and inclusion efforts.
Billionaire political donations are over $2 billion with more money flowing in daily. The Red Team received 75% while the Blues got 25%. That's another clue for voters.
Anyone believing Lutnick somehow snuck into this role (like that Madison Square Garden comedian) should know:
“There’s nobody more loyal and capable than Howard, which is why my father picked him to help put together the greatest collection of talent to ever serve in the United States government,” Donald Trump Jr. said in a statement to POLITICO. “The great thing about having someone as trustworthy as Howard is we can totally focus on winning and know that things will be ready when the time comes.”
I expect the Trump cabinet to look similar to his first one and President Joe Biden's, chockfull of private equity underwriters (PEU). The greed and leverage boys learned long ago to hedge their political bets. That way, regardless of who wins, they retain access to the White House and Uncle Sam's fat wallet.
Politicians Red and Blue love PEU and increasingly, more are one.
Update 11-6-24: Jim Chanos wrote on X:
The greatest trick the Devil ever performed is convincing pundits like this that a ticket with a Wharton-educated RE developer who lives in Palm Beach, and a Yale Law-educated venture capitalist, both advised by Wall St/Silicon Valley billionaires, is not the elite Establishment!
