Current Events > Steve Bannon legiti sounds like a leftist a lot of the time

(+) Yeah! (+)

except for his whole ethnostate thing

http://nymag.com/daily/intelligencer/2018/08/steve-bannon-on-how-2008-planted-the-seed-for-the-trump-presidency.html

And by the way, this was completely brought on by the elites of the country and Wall Street. When I got to Harvard Business School in 1983, a bunch of professors were coming up with a radical idea thats had a horrible negative consequence on this country and to the fabric of our society: the maximization of shareholder value; this was preached as High Church theology. The whole thing of the financialization of Wall Street, of looking at people as pure commodities and of outsourcing and globalization, came from the business schools and the financial community that had these radical ideas, and nobody kept them in check.

Go back and look at the postwar period. These companies had profit margins, and they traded on Wall Street, but there wasnt this maniacal focus on the financialization. Companies forgot about the social fabric, forgot about your workers. Everything became commoditized. That led to the financial crisis of 2008. It all came home to roost.

From the long-term credit crisis in the late 90s, to the implosion of the stock market in 2000 on the internet, to then the financial crisis every couple years were having another financial crisis. And theyre building in intensity...

I think youre starting to see it. I think youre starting to see the deindustrialization of the country. We stopped investing in the country. Domestic investments all going over to China. We deindustrialized Western Europe. Brexit and 2016 are inextricably linked, okay?

Workers know this. Its the labor vote in the midland counties that drove Brexit. This is whats so obvious the Democratic Party misses. Donald Trumps president because of working-class Democrats. The Trump movement is made up of people like my father, the Marty Bannons. My whole household was working-class Democrats. These are adamant Trump supporters because they understand Trump supports working-class people.

Heres the outrage about it: The balance sheet of the Federal Reserve in September 2008 is about $1 trillion. The balance sheet the day Donald Trump raises his hand, after eight years of the most progressive Democrat in recorded history, is $4.5 trillion. The elites save themselves. They just created money. They flooded the zone with liquidity. If youre an asset holder, if you owned real estate, stocks, or intellectual property, if youre an owner, you had the best run in human history, okay?

This is essentially the leftist argument for Brexit

oh, also this:

Heres what it should have been. We go into Goldman Sachs, everybody, every partner, every guy zero. Youre wiped out. Just like wed do any deal at Goldman Sachs. I wipe out all the equity. Im getting rid of Lloyd Blankfein and Gary Cohn. But the guys that follow them, they can make beaucoup dollar after my moneys paid back and the companys successful, just like every transaction we do. You should have done that across corporate America and every bank.
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Balrog0 posted...

Donald Trumps president because of working-class Democrats. The Trump movement is made up of people like my father, the Marty Bannons. My whole household was working-class Democrats. These are adamant Trump supporters because they understand Trump supports working-class people.

There are huge lies here about
1) the makeup of Trump's support
2) the nature of Trump as a politician
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Fascists always mix in populist rhetoric
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I don't think that's a lie about supporters. Maybe you don't consider firemen working class due to their relatively high income (relative to, say, retail or hospitality) but that higher income + lack of an education requirement makes them fit the precise mold of a Trump voter

Also, Trump did do better among the legitimately low income than Romney at least.
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Balrog0 posted...

I don't think that's a lie about supporters. Maybe you don't consider firemen working class due to their relatively high income (relative to, say, retail or hospitality) but that higher income + lack of an education requirement makes them fit the precise mold of a Trump voter

Also, Trump did do better among the legitimately low income than Romney at least.

Romney made a boneheaded idiotic statement about how 47% of people pay no taxes.
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Tyranthraxus posted...

Balrog0 posted...

I don't think that's a lie about supporters. Maybe you don't consider firemen working class due to their relatively high income (relative to, say, retail or hospitality) but that higher income + lack of an education requirement makes them fit the precise mold of a Trump voter

Also, Trump did do better among the legitimately low income than Romney at least.

Romney made a boneheaded idiotic statement about how 47% of people pay no taxes.

It looks like he did better than McCain too but the sources I can find report it differently so I can't 100% confirm
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Balrog0 posted...

Tyranthraxus posted...

Balrog0 posted...

I don't think that's a lie about supporters. Maybe you don't consider firemen working class due to their relatively high income (relative to, say, retail or hospitality) but that higher income + lack of an education requirement makes them fit the precise mold of a Trump voter

Also, Trump did do better among the legitimately low income than Romney at least.

Romney made a boneheaded idiotic statement about how 47% of people pay no taxes.

It looks like he did better than McCain too but the sources I can find report it differently so I can't 100% confirm

John "You're not rich unless you make a million dollars a year" McCain
John "I don't know how many houses I own" McCain
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'a small loan of a million dollars' trump
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