General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsWith the events of the several weeks, I think this article from 2017 shows what we are up against
"Why Yale Should Shun Blackstone CEO Steve Schwarzman
When Yale announced a $150 million donation from alumnus and plutocrat Stephen Schwarzman last year to convert its historic Commons and Memorial Hall into the state of the art Stephen A. Schwarzman Student Center, an undergraduate, Nathan Kohrman, penned a, deft summary of the mans arrogant blundering through the American public sphere that the college has long cherished and nourished:
What about Schwarzman other than his estimated $10 billion fortune does Yale find appealing? Surely not his belief, as of October 2015, that Donald Trumps political incorrectness makes him good for democracy. Surely not his 2011 suggestion to raise taxes on the working poor because skin in the game might make them work harder. Surely not his view that a 2010 bipartisan effort to close a private equity tax loophole from which Schwarzman personally profits was like when Hitler invaded Poland in 1939. Surely it is not his prominence at the Koch brothers donor summits, where hes donated undisclosed millions to political organizations that have cannibalized the GOP establishment and paralyzed the Obama administration.
.........
Kohrmans remonstrance received only passing attention, but it merits urgent re-reading and distribution now that Schwarzman is chairing President Trumps business advisory council. Fellow billionaire Michael Moritzs characterization of him last week in The New York Times as one of Trumps Goodfellas is only one of the reasons.
......
Blackstone has profited from damaging society and the economy by moving in on the home-rental market and shifting its private debt obligations to the taxpayers. As one of the largest owners of rental homes in the country, with nearly double the average eviction rate, Blackstone has been transforming the homes into CDOs (debt obligations mortgages, bonds, and other loans pooled as speculative investments for Schwarzman). This is virtually the tactic that engineered the Great Recession. Thanks to Schwarzman, the federal Fannie Mae is underwriting the Blackstone project.
......
But better yet, Yale should correct its blunder now, not 75 years from now, as it did this year in deciding to stop memorializing its alumnus John C. Calhoun, American slaverys most ardent and powerful defender, in a Yale residential college that had been named for him in the 1930s.
https://washingtonmonthly.com/2017/02/17/why-yale-should-shun-blackstone-ceo-steve-schwartzman/
Most of us are well aware that we should NOT be duped into complacency by the polls. There is a lot of dark money behind trump and the republicans.
Not everyone in Wall Street is behind trump, but quite a few are, and a lot of money is going to be thrown from them toward trump and the republicans
In 2018 we demonstrated that we could take back the House
There is no doubt in my mind that they are going to try and disenfranchise voters by closing polls in Democratic district. The only way to overcome that is to get voters registered, and encourage them to either vote by mail if it is available, or vote early when it is available. That is the only way we are going to beat these draconian assholes
If we can take the WH and both houses of Congress, we can start to take the power away from the few, and give it back to the people
Chiquitita
(752 posts)and increasing their power. Thanks for such a clear explanation. Posts like this are what I read DU for.
secondwind
(16,903 posts)calimary
(81,125 posts)Thanks, still_one!
backtoblue
(11,343 posts)still_one
(92,061 posts)backtoblue
(11,343 posts)I'll keep it journaled for research.
still_one
(92,061 posts)dreamland
(964 posts)...It would be better for the country. Maybe if institutions can only accept anonymous donations, then no one can be beholden to these people. Maybe the 1% will stop trying to amass greater fortunes when their money has no meaning except to buy themselves stuff and who needs ten homes? Maybe then we'll see real philanthropy.
brer cat
(24,524 posts)I didn't know anything about Schwarzman until this post.