Monday, November 11, 2024

Trump Fix is In


Polls showed people voted for Trump as he 'is a businessperson" and "from outside Washington, D. C."  What business person says "there is no price tag" for one of his signature promises?  He owes Congress and citizens a proposed budget for his initiatives.  Flashback to Trump I:
The national debt rose by almost $7.8 trillion during Trump’s time in office.
Trump's budget will need to pass the House and Senate.  Trump II wants Red Teamer Rick Scott to head the Senate.  Scott's background includes a massive $1.7 billion Justice Department settlement for Columbia/HCA's fraudulent billing of Medicare and Medicaid.  

Scott himself got to keep most of his vast fortune which he invested in private equity or ring fenced in family partnerships and/or trusts.  While serving as Governor, the State of Florida sunk $200 million into a Cerberus FSBA Levered Loan Opportunities Fund LP.  A week prior the Cerberus CEO put $500,000 in a Scott Super PAC.

Scott had the most money invested in private equity of any member of Congress in 2022.


Politicians Red and Blue love PEU and increasingly, more are one.  It's the Red Team's turn to steer Uncle Sam's wallet to their PEU friends.  My guess is most Trump voters will miss out on the cash bonanza.