With the 2016 U.S. Presidential election over, the world continues to reassess how the global chess board has changed. Players we thought were leaders have been cast aside. Clinton, Sanders, Romney and a host of others are yesterday’s news.
In a global economic club, as promised by a Trump administration, leaders from Goldman Sachs would not be worthy of polishing the White House door knobs. Yet seven weeks past the election, the Trump Cabinet is shaping to be nothing more than a Goldman white-boy reunion club. Ah the more we promise, the more difficult it becomes to generate any traction of improvement.
Let’s quickly review, Trump claimed the alter of leadership based upon lies, bigotry and hatred. He promised coal miners and the jobless jobs. He promised to hold China in judgement, to reclaim the golden nectar of steel’s production benefits. And for the Goldman Sachs brethren, Trump claimed Goldman owned everybody, including Clinton, Cruz, and others. Goldman leaders were never prosecuted for the housing market crash, the predatory lending, foreclosures and other unethical dealings.
Yet, post election, CNN interviewed a 65 year-old former steel worker who lost his job to China. Having little to offer this, he was pissed for receiving monthly Social Security. He was looking for a job. He voted for Trump hoping Trump would bring back those jobs.
Truth be told, Trump used that hatred to get elected. Those jobs are not returning and the Goldman Sachs reunion club will offer you nothing. I say this for two reasons. The infrastructure that built American Steel has decayed for decades. Even if steel outsourcing suddenly reversed and Allentown, PA steel manufacturing reignited tomorrow, actual steel foundries would have to be rebuilt. That would take a decade. Secondly, nothing against coal and steel workers, but you’re older. Arthritis, Spinal Stenosis, knee problems, hand problems and the mental sharpness to be trained into a new, more technological position left many of those workers in the past.
Everyone wants change. Unfortunately, the Goldman boys live for you. Never did. They live for the deal. Just as in the past, stock entitlements go only to the wealthy. The only change Trump offers the remaining 90% is chump change.
Categories: Life Lessons