Fecteau: Trump’s Success Comes With Strings

Wednesday, December 21, 2016

 

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Mr. Donald Trump ran his presidential campaign on his alleged success, and ridiculous wealth, but with this, comes strings. The American people should be concerned about this narcissist-in-chief’s potential conflicts of interest related to his vast business empire.  

While it goes without saying, Trump has a reputation for putting profit first.  He is the quintessential embodiment of Gordon Gekko; greed is good. While everyone has been so enthralled by Mrs. Hillary Clinton’s emails, Trump has his own dirty laundry. The controversial Trump University is a perfect example. Trump exploited the hopes of the less fortunate so make just a little bit more money – after the first billion is the hardest as they say.  Trump told gullible clients he had the tips to make them successful, and all the attendees ended up with was huge bill. 

Because of this debacle, unlike Mrs. Clinton though, Trump is facing real legal action. Thus far, Trump has agreed to pay $25 million in relation to the scam in New York, and Trump may be forced to testify in California. Yes, an unbiased advocate for Americans indeed – my attempt at sarcasm. 

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During the Trump campaign for president, the unofficial campaign cry was 'lock her up' – referring to Mrs. Clinton. Now I am just dying to know, will there be similar cries directed at Mr. Trump? 

Trump’s business empire spans the globe, raising serious concerns. After his election, Trump has apparently asked Argentina to expedite the building of one of his famous Trump towers in Buenos Aires. Trump and Argentina deny any special favoritism, but does it matter? The perception is there. 

I’d also like to point out; Trump appears more interested in making a quick buck or slamming Alec Baldwin on Saturday Night Live than receiving critical intelligence briefings. It is about priorities for Mr. Trump; unlike President Barack Obama who was criticized for occasionally golfing, the thin-skinned Trump normally throws a hissy fit on Twitter sending stock prices plummeting. As for me, I’d prefer a president who plays a peaceful game of golf.  

With such an expansive business empire, Trump has promised to put his business holdings in a ‘blind trust.’ Be warned though, his idea of a blind trust doesn’t fit under the category blind trust. This alleged trust will likely be actively managed by his relatives who are involved in White House operations, and of course, selecting members of important government positions who ensure there are no conflict of interests – only in America. 

Up until now, Trump has based is criteria for cabinet-level positions on an accumulation wealth through their various works the business world. Take, for instance, uber-rich ExxonMobile executive Rex Tillerson, the nominee for Secretary of State. Even if Mr. Tillerson abandons his stake in ExxonMobile, he will still have close connections to that respective company. This is what Washington DC lobbying is based on, relationships, but with the Trump at the wheel, companies like ExxonMobile can bypass the lobbyists, and call people like Mr. Tillerson direct, saving a lot of money on the process – God bless capitalism. 

We do not know the depth of Trump’s connections with the business world. Trump has a tax return of approximately 12,000 pages, and refused to release it. He has cited the fact he is being audited by the IRS. The IRS says the audit has no bearing such as a release. Does it truly manner at this point if Trump is lying again?  

Can this get anymore insane? I guess I spoke too soon. As of this writing, word is former governor of Alaska Sarah Palin is being considered to be the nominee for the Secretary of Veterans Affairs. Just what every veteran wants, some lady who can see Russia from her house in Alaska, starred in a reality television show, and bafflingly blames President Obama for her veteran son’s PTSD. I wonder if Mrs. Palin received her medical expertise from Trump University?  

Trump will assume office next month, but with that being said, for whom will he advocate? There are a lot of red flags being raised here. Maybe Trump will come into office a sincere player for American interests; we just don’t know.  This is shaping up to be a long, long four years, and the press is going to be very busy. If there is one thing I can guarantee, at least, Trump will be great for ratings, and circulation.

 

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Matt Fecteau ([email protected]) of Pawtucket, Rhode Island was a Democratic candidate for office in 2014 and 2016. He is a former White House national security intern and Iraq war veteran.

 

Related Slideshow: Trump’s Win - What Does it Mean for Rhode Island?

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Jennifer Duffy

Cook Report

"We don't really know what a Trump presidency means for the nation, never mind the smallest state.  One of the unintended consequences of last night's results is that Sen. Jack Reed won't be chairman of the Senate Armed Services Committee.  Chalk that up as a loss for RI."

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Pam Gencarella

Head of Ocean State Taxpayers' Association

"Trump’s win means that his signature issue, illegal immigration, could have a big impact on RI, hopefully reversing our course as a sanctuary state and saving the state taxpayer millions of dollars.  While we agree with his 'repeal and replace' Obamacare stance, we have no idea what that means to the RI debacle known as UHIP.  It is not a stretch to believe that federal funding for this kind of system will be off the table so, will RI be stuck with this massively expensive system that still doesn’t work and that is expected to cost another $124 million to fix?  

Trump's belief that there is significant fraud in the Food Stamp program and the policies that may come from that belief could have a negative impact on RI's local economy since there are businesses in certain cities that rely heavily on this program, fraud and all. On the upside, we may be able to ditch the UHIP program if there is significantly less need for processing welfare program requests (ie. Medicaid and food stamps) resulting from fewer illegal immigrants and less fraud.  While we are ambivalent about his touted child care policies, if enacted, it may force our legislators to revisit the ever growing state cost of subsidies in this area and possibly reduce the fraud and abuse in this system." 

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Kay Israel

Professor at Rhode Island College

"With a Republican President and Congress, Rhode Island will probably be excluded from the 'fruits of victory."  

The congressional delegation will be able to vocally make their presence felt, but in the long term it's more symbolic than substantive.  

For Rhode Island it's a matter of holding on and waiting until '18 or '20 and a surge in Democratic influence."

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Jennifer Lawless

Professor at American University

"The RI congressional delegation just became even less powerful than it was. With unified government, Trump doesn’t need to quell Democrats’ concerns or acquiesce because he’s worried about a Democratically-controlled Senate.

His appointments will reflect that. His executive orders will affect that. And the conservative policy agenda he puts forward will affect that."

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Len Lardaro

Professor at University of Rhode Island

"Well there's a few things -- because there's not going to be gridlock, that's a big difference if it had been Hillary and a GOP Congress, in which nothing would got done. We'll at least get a half a billion in infrastructure that's going to pass which will have an impact.

I think you'll see there will be reduced reliance on government nationally -- and that's where we'll stick out like sore thumb. We've relied way too much on government -- and our government is highly inefficient and ineffective.  Maybe, just maybe, in this who cycle of things we might be forced to be small and more efficient for once.

A couple of other things -- interest rates jumped. The one to follow is the ten year government bond rate -- which is tied to mortgages. It went from 1.7% to 2.05% in one day. The point is -- if the ten year stays high, mortgage rates will start going higher -- and in the short time people will run to re-finance. 

That's the short term impact -- but then if rates stay hight, that will make mortgages more out of reach. And we just passed a bond issue to limit open space -- housing has limited upside here.
The next thing -- the Fed Reserve will go ahead with tightening next month. A strong dollar will hurt manufacturing. When the dollar is strong our exports become more expensive overseas. 

Our goods production sector -- manufacturing and construction -- in the near term will do a little better, but as time goes on will be more limited. But something you won't hear, is there are lags in fiscal policy, of six months to year. So we won't really see the effects until the third our fourth quarter of 2017, going into 2018."
 

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Mike Stenhouse

RI Center for Freedon and Prosperity

"As the unbelievable turned into reality this morning, it struck me that the presidential election was not really all about Donald Trump and Hillary Clinton. It was about a fed-up people, revolting against a corrupt system - the "beast" - that relentlessly favors insiders. Hillary personified the beast, while Donald personified the slayer.

Sadly, based on election results in our state, Rhode Island's version of the beast lives on. I fear our political class has not learned the lessons from the Bernie Sanders and Donald Trump movements - and will continue with their government-centric, anti-family, anti-business status quo."

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Kristina Contreras Fox

VP of Young Democrats of America

"A Trump Presidency means the validation of the ugliest part of America. In RI, as with the rest of the country, the hammer of his hatred will fall hardest on minority communities. Being a blue state doesn't make us immune from this danger.

Trump won over 35% (39.5) of the vote here! We need to look in the mirror, and not lie about what the reflection shows us. No more hiding underneath a blue blanket. I expect those who claim Democratic values to be true to those values. The gulf between words and actions have turned into fertile ground for Trump's message to grow here in RI. If you call yourself a Democrat, if you claim to stand in opposition to Trump, now is the time to prove it. Show up and fight back."
 

 
 

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