Private equity underwriters (PEU) grew like locusts in our economy, wielding inordinate political influence. Their operating models add massive interest costs, deal and annual management fees to sponsor. Headcount and benefits are usually reduced and wage increases become a footnote in corporate history.
TechGods rode those PEU coattails into political prominence but they've lacked the ability to use their influence behind the scenes, until Trump II. The Tech/Crypto/PEU juggernaut has traded all sense for access to Uncle Sam's wallet.
Trump II has no limitations (at least in his mind) and insiders feel likewise.
Note how Leon Black thumbed his nose at a Congressional Committee by failing to show for his testimony. Add that Black is actually suing them for asking for his non-disclosure agreements (NDA). Leon's son Ben Black is Trump II's head of the International Development Finance Corporation (DFC).
They will take until there is nothing left. It's the next step of the hollowing and occurs under Trump II, the Great Usurper of All Things.
It is the Age of Mammon where politicians Red & Blue love PEU and their new TechGod brethren. Increasingly, more are one and for that, many people suffer.
Update: Jesse wrote about the preponderance of our elected officials and their PEU/TechGod sponsors.
The reckless disregard the power elite have for their own country is just astonishing until you realize that they do not consider themselves to be Americans, but a superior transnational class.
Trump II posted a Labor Day graphic on his Instagram account, nothing on WhiteHouse.gov or his Truth Social site.
Trump did post a Labor Day message on Truth Social in 2024, when he was running for President.
