President Donald Trump's administration this week touted an infrastructure plan that would sell off public assets to private financial firms. Left unsaid in the White House promotional materials was any mention that the Trump aide who is overseeing the initiative comes from a Wall Street firm that says it is seeking to buy up the very same kind of assets the Trump administration plans to sell off.
Leading the White House privatization initiative is Gary Cohn, the former president of Goldman Sachs, who received a $285 million dollar payoutupon leaving the bank and taking a job as the director of Trump’s National Economic Council. As Cohn has led the infrastructure privatization initiative from that perch, Goldman Sachs declared that it continues to look at “new business initiatives” that revolve around taking ownership of public assets, according to Securities and Exchange Commission documents reviewed by International Business Times.
Cohn is spearheading the administration’s infrastructure policy despite a White House official tellingBloomberg News in February that he “will recuse himself from participating in any matter directly involving his former employer.” That pledge seemed at the time to show that Cohn was following ethics rules Trumpenacted in January. Those rules require federal officials to sign an ethics pledge in which they agree to wait two years before they “participate in any particular matter involving specific parties that is directly and substantially related to my former employer.” Continued in the Comments. http://www.ibtimes.com/political-capital/trump-administration-conflicts-interest-how-gary-cohn-could-sell-us-infrastructure
The only people Trump has not hired from GoldmanSachs is Goldman and Sachs. Certainly we desperately need to refurbish our Infrastructure however Privatization is Not necessary nor beneficial to the Tax Payer. What it does is simply give ownership to corporations of things that are used and needed by the public in order to enrich Billionares. The Billionares can then go about running these formerly public assets for the purpose of making more profit rather than benefiting the public. Kind of like healthcare today. We're talking about roads, bridges, airports, train lines, bodies of water, public lands, etc. This public/private partnership means They Own it and You Never stop paying for it(like a toll road) in order to make them richer. These projects can and should be paid for with tax funds and we do have the money however our government under Trump would rather spend $645 BILLION Dollars on the military instead.
Day 16 lottie and decided to go for a walk through the forest, so many regrets but we did make it and had lunch at the top of basically mountain what a view and what a day. Wondered round loch earn where I spent many a hot day as a kid even though the loch is freezing. Had a beautiful dinner beside the river earn with my auntie and uncle, Sun was shining til 10 o clock what a beautiful day. Note sorry for the selfie stick it was free! #whereintheworldarejohnandlottie#unfit#worthit#lochearn#rivertay#whataday