Compare that to the "lesser mandate" for newly elected President Barack Obama in 2008 (according to Carlyle Group co-founder David Rubenstein).
Trump's mandate is like his crowd size, highly exaggerated. So why would historical book writer Rubenstein mischaracterize the two victories? Because Obama promised to eliminate private equity's preferred "carried interest" taxation. It didn't happen, even with control of both houses of Congress. That was partly due to Rubenstein's hard "non-lobbying" lobbying on Capital Hill.
Trump wants to give the greed and leverage boys another bigger tax cut. It's a gargantuan mandate from the politically connected super-wealthy.
"Tax cuts for PE legends and TechGods. Forever live the billionaires!" the little people cried.
Bloomberg announced Blue Team former Massachusetts Governor Deval Patrick made Senior Partner at Vistria Group, a private equity underwriter (PEU) founded by Obama campaign treasurer Martin Nesbitt. The promotion came a mere nine months after joining Vistria from Bain Capital.
Politicians Red and Blue love PEU and increasingly, more are one. It's the Red Team's turn to steer federal budget largesse to its friends. They may fudge a few numbers along the way.
