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Trump Offers Key Pentagon Job to Billionaire Whose Firm Trained Khashoggi’s Murderers

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Original article by Jake Johnson republished from Common Dreams under Creative Commons (CC BY-NC-ND 3.0)

Stephen Feinberg is pictured at the U.S. Capitol on December 11, 2008. (Photo: Jahi Chikwendiu/The The Washington Post via Getty Images)

Stephen Feinberg is co-CEO of Cerberus Capital Management, which owns a company that provided training to members of the hit squad that murdered Saudi journalist Jamal Khashoggi.

President-elect Donald Trump has reportedly offered the number-two Pentagon job to a secretive billionaire investor with close ties to the military-industrial complex, potentially introducing additional conflicts of interest to an incoming administration that is set to be rife with corporate executives and lobbyists.

Stephen Feinberg is co-founder and co-CEO of the private equity behemoth Cerberus Capital Management, which owns a firm that provided paramilitary training to members of the elite team that murdered Saudi journalist and U.S. resident Jamal Khashoggi in 2018.

Trump drew global outrage for publicly defending the Saudi regime in the wake of the assassination, even after U.S. intelligence agencies established that Saudi Crown Prince Mohammed bin Salman authorized Khashoggi’s murder.

The New York Times reported in 2021 that four Saudis who took part in the 2018 Khashoggi assassination “received paramilitary training in the United States the previous year under a contract approved by the State Department.” Tier 1 Group, an Arkansas-based company financed by Cerberus, provided the training.

“The instruction occurred as the secret unit responsible for Mr. Khashoggi’s killing was beginning an extensive campaign of kidnapping, detention, and torture of Saudi citizens ordered by Crown Prince Mohammed bin Salman, Saudi Arabia’s de facto ruler, to crush dissent inside the kingdom,” the Times noted.

“Having this revolving door of people who sit on boards of major defense contractors and then cycle in and out of the Pentagon is a problem that did not begin with Trump, but is a problem nonetheless.”

It’s not yet clear whether Feinberg intends to accept Trump’s offer to serve as deputy defense secretary, but news of the choice prompted speculation that Feinberg could be elevated to the top Pentagon spot as Fox News host Pete Hegseth—the president-elect’s nominee for the role—faces skepticism from senators amid new details of the sexual assault allegations against him. (Update: The Times reported Wednesday morning that Trump’s support for Hegseth is “wobbling” and he is “openly discussing other people for the job, including Gov. Ron DeSantis of Florida.”)

Citing an unnamed person familiar with his thinking, Politicoreported that Feinberg is expected to accept the job offer for deputy defense secretary. Feinberg would also have to be confirmed by the Senate.

The Washington Post, which first reported Trump’s offer on Tuesday, noted that the private equity billionaire is a major donor to the president-elect and has “investments in defense companies that maintain lucrative Pentagon contracts.” The Post observed that Cerberus “has invested in hypersonic missiles” and “previously owned the private military contractor DynCorp.”

Matt Duss, executive vice president at the Center for International Policy and a former foreign policy adviser to Sen. Bernie Sanders (I-Vt.), told the Post that “having this revolving door of people who sit on boards of major defense contractors and then cycle in and out of the Pentagon is a problem that did not begin with Trump, but is a problem nonetheless.”

“Is he going to be listening to a whole range of constituencies or primarily business constituencies?” Duss asked of Feinberg.

If he accepts the president-elect’s offer, Feinberg would join a number of conflict-of-interest-ridden nominees for high-level positions in the incoming Trump administration.

Jeff Hauser, executive director of the Revolving Door Project, characterized Trump’s Cabinet picks so far as “chaotic evil” and warned that their conflicts of interest could bring horrible consequences for the American public.

“Corruption is not only bad in and of itself,” Hauser told the Institute for Public Accuracy on Tuesday. “It’s also a bad thing that makes other terrible things more likely to happen. If you corrupt the enforcement of environmental protection laws, people will be poisoned by the water they drink and air they breathe. If you corrupt the Department of Labor, workplace safety will collapse over time and wage protections will disappear.”

“That’s what happened under the last Trump administration. This is going to be worse,” Hauser warned. “Food safety issues, automobile safety with driverless cars, rail safety—these are all risks that the Trump team will be taking with the lives of ordinary people.”

Original article by Jake Johnson republished from Common Dreams under Creative Commons (CC BY-NC-ND 3.0)

Continue ReadingTrump Offers Key Pentagon Job to Billionaire Whose Firm Trained Khashoggi’s Murderers

‘By and For the Ultra-Wealthy’: Here Are the Billionaires Set to Run Trump’s Administration

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Original article by Jake Johnson republished from Common Dreams under Creative Commons (CC BY-NC-ND 3.0).

Linda McMahon and Elon Musk attend the America First Policy Institute gala held at Mar-a-Lago on November 14, 2024 in Palm Beach, Florida.  (Photo: Joe Raedle/Getty Images)

“Trump paid plenty of lip service to working-class Americans, but as president-elect, he’s moved quickly to stack his administration with billionaires that share his vision of a rigged economy that only works for people like them.”

Since winning the presidential election earlier this month, Donald Trump has wasted no time working to fill his incoming administration with billionaires and other ultra-rich individuals who are poised to benefit from the GOP agenda of tax cuts for the wealthy and large-scale deregulation.

In separate analyses published this week, Americans for Tax Fairness (ATF) and Accountable.US offered overviews of the president-elect’s key nominations and their potential conflicts of interest as Trump prepares to retake power in January.

So far, Trump has announced plans to nominate billionaire hedge fund manager Scott Bessent to head the Treasury Department, WWE billionaire Linda McMahon to head the Education Department, billionaire crypto banker Howard Lutnick to head the Commerce Department, and billionaire entrepreneurs Elon Musk and Vivek Ramaswamy to head the Department of Government Efficiency—an outside advisory commission tasked with slashing federal spending and regulations.

“These appointments clearly show the incoming administration will be run by and for the ultra-wealthy,” said David Kass, ATF’s executive director. “They’ve already announced plans to spend trillions of dollars to renew the Trump tax bill, to further enrich large corporations and wealthy elites like themselves while advocating for cuts to vital programs that working and middle-class Americans depend on.”

ATF’s analysis, released Monday, shows that the combined wealth of Trump’s richest nominees and transition team members—including the president-elect and Sen. JD Vance (R-Ohio), the vice president-elect—is over $313 billion. By comparison, the combined net worth of President Joe Biden’s Cabinet is an estimated $118 million.

“Even excluding Elon Musk—the world’s richest man and Trump’s co-director of the Department of Government Efficiency—the average net worth of Trump, his vice president, and top appointees is $616 million,” ATF observed. “This figure is over 616 times higher than the mean average wealth of the typical American household, which is a little more than $1 million.”

ATF and Accountable.US also highlighted other ultra-rich individuals nominated for key roles in the incoming administration, including drilling enthusiast Doug Burgum, worth an estimated $100 million; Mehmet Oz, worth up to $315 million; and Chris Wright, who as of earlier this month held nearly $47 million worth of stock in his fracking company, Liberty Energy.

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Tony Carrk, executive director of Accountable.US, said in a statement Tuesday that “Donald Trump paid plenty of lip service to working-class Americans” during the 2024 campaign, “but as president-elect, he’s moved quickly to stack his administration with billionaires that share his vision of a rigged economy that only works for people like them.”

“Should the Senate rubber stamp these nominations,” Carrk added, “Trump’s department heads will be among the biggest beneficiaries of another promised tax giveaway for big corporations and the top 1%, paid for with deep cuts for seniors, veterans, and everyday workers.”

Billionaires have already gotten significantly richer since Trump’s election victory, according to research published last week by ATF. In roughly the week after Trump’s win, the combined net worth of the nation’s 815 billionaires jumped by around $280 billion—with Musk’s wealth surge accounting for 20% of that gain.

Original article by Jake Johnson republished from Common Dreams under Creative Commons (CC BY-NC-ND 3.0).

Continue Reading‘By and For the Ultra-Wealthy’: Here Are the Billionaires Set to Run Trump’s Administration

Progressives Say Trump Win Spotlights Rot of Political System ‘Bought and Paid for by Billionaires’

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Original article by Jake Johnson republished from Common Dreams under Creative Commons (CC BY-NC-ND 3.0). 

President-elect Donald Trump introduces his running mate Sen. JD Vance at an election night event on November 6, 2024 in West Palm Beach, Florida.
 (Photo: John Moore/Getty Images)

“These monied interests are on the frontlines of destroying our democracy, taking away the power of voters through their unprecedented spending in elections,” said the executive director of Justice Democrats.

As progressives in the United States and around the world assessed the dire implications of Donald Trump’s victory and prepared to fight his coming administration, the advocacy group Justice Democrats said Wednesday that the Republican’s win is a devastating indictment of a political system “bought and paid for by billionaires and corporations” committed only to accruing more wealth and power for themselves.

“These monied interests are on the frontlines of destroying our democracy, taking away the power of voters through their unprecedented spending in elections—while those in power refuse to stand up and fight back,” Alexandra Rojas, the executive director of Justice Democrats, said in a statement, condemning the leadership of both major parties as servants of corporate power.

“It’s time to end the era of career politicians and the corrupt campaign finance laws that keep them in power,” Rojas added.

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The 2024 contest was the most expensive in U.S. history, according to the watchdog organization OpenSecrets, which noted in an Election Day blog post that outside spending in the race reached a record-shattering $4.5 billion. More than half of that spending, OpenSecrets observed, came from “groups that do not fully disclose the source of their funding.”

Such dark money groups have proliferated widely since the U.S. Supreme Court’s 2010 Citizens United decision, which—along with other rulings and congressional inaction—allowed torrents of untraceable cash to flood the nation’s political system, warping and undermining the electoral process.

“It’s Citizens United’s world, we’re just living in it,” researcher Becca Lewis wrote Wednesday morning.

“As long as our party has cozied up with corporate CEOs, right-wing billionaires, and big money super PACs, everyday people in this country have seen Democrats’ populist platitudes as hypocrisy at best, and outright deceitful at worst.”

As OpenSecrets’ Tuesday analysis made clear, both Trump and Vice President Kamala Harris—and their parties—benefited from massive sums of dark money and super PAC cash, as well as donations from billionaire families.

“Super PACs aligned with each major party’s leaders in the House and Senate have taken hundreds of millions of dollars from dark money groups funded by anonymous donors during the 2024 cycle,” the watchdog reported. “During the 2024 election cycle, the four main nonprofits aligned with Republicans and Democrats in Congress churned about $250 million from anonymous donors to allied super PACs. Senate Democrats’ flagship dark money group, Majority Forward, accounted for over $113.2 million of that, more than any prior election.”

Despite that massive influx of cash, Democrats lost control of the U.S. Senate after the GOP flipped seats in Ohio, Montana, and West Virginia—underscoring Justice Democrats’ call for a “new era” of Democrats “not beholden to corporations and billionaires.”

Rojas acknowledged Wednesday that “there are no easy answers for where we as a country and movement go from here” following such a decisive win for Trump and his far-right Republican Party, which has no interest in reforming the federal campaign finance system.

“But what is clear to us is that politically courageous leaders at the federal level are needed now more than ever,” she said, warning that the Democratic Party is “rapidly losing its legitimacy amongst the everyday people and marginalized communities continuously used as stepping stones to win elections.”

“For as long as our party has cozied up with corporate CEOs, right-wing billionaires, and big money super PACs,” Rojas added, “everyday people in this country have seen Democrats’ populist platitudes as hypocrisy at best, and outright deceitful at worst.”

Joseph Geevarghese, executive director of Our Revolution, argued Wednesday that the Democratic Party “needs institutional reform, a return to the principles of economic justice, and a commitment to prioritizing the needs of the working class and young voters.”

“We can no longer afford to be held hostage by the donor class,” said Geevarghese.

Original article by Jake Johnson republished from Common Dreams under Creative Commons (CC BY-NC-ND 3.0). 

Continue ReadingProgressives Say Trump Win Spotlights Rot of Political System ‘Bought and Paid for by Billionaires’

Morning Star: The good, the bad and the ugly in the Labour Budget

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https://morningstaronline.co.uk/article/editorial-good-bad-and-ugly-labour-budget

Keir Starmer says pensioners can freeze to death and poor children can starve and be condemned to failure and misery all their lives.
Keir Starmer says pensioners can freeze to death and poor children can starve and be condemned to failure and misery all their lives.

…

So-called austerity is best understood as a massive transfer of wealth — from public to private, from the many to the few, as the fortunes of the super-rich ballooned while Britain endured the longest wage squeeze since the Napoleonic wars.

This is a grotesquely unequal country in which big banks and energy giants post the largest profits in their history, in which the richest 1 per cent own more than the poorer 70 per cent of the population put together, in which millions rely on foodbanks while the number of billionaires increased by a fifth during the Covid crisis alone.

When Reeves gives with one hand and takes away with the other — as PCS leader Fran Heathcote notes she does by offering a 1.7 per cent increase in departmental spending, while setting a 2 per cent savings target for those same departments — she cites pressure on the public finances that could be relieved easily through higher corporation tax, a financial transactions tax or a wealth tax. As Unite’s Sharon Graham notes, a 1 per cent tax on the richest 1 per cent would raise £25 billion, filling the so-called “black hole” in the budget at a stroke.

It is a choice to keep children in poverty with the two-child benefit cap, to pick pensioners’ pockets with the winter fuel payment cut and to continue Tory “reform” of the work capability assessment — estimated to cost over 400,000 people with mobility or mental health problems over £400 a month.

It is a choice to echo Tory hysteria over benefit fraud, when the amount lost to this is less than goes unclaimed in social security payments people are entitled to. Giving the Department for Work & Pensions power to remove money directly from bank accounts will likely increase non-take-up of benefits by people who need them but understandably fear their personal finances being exposed in this way.

And it’s a choice to hike the cost of a bus ticket by 50 per cent while maintaining a fuel duty freeze — when governments across Europe are making public transport cheaper because it is essential to reduce greenhouse gas emissions.

…

https://morningstaronline.co.uk/article/editorial-good-bad-and-ugly-labour-budget

Continue ReadingMorning Star: The good, the bad and the ugly in the Labour Budget

With $75 Million Gift, Musk Joins Right-Wing Billionaires Bankrolling Trump Campaign

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Original article by Jake Johnson republished from Common Dreams under Creative Commons (CC BY-NC-ND 3.0). 

Tesla CEO Elon Musk attends a campaign rally with Republican nominee Donald Trump on October 5, 2024 in Butler, Pennsylvania. (Photo: Kevin Dietsch/Getty Images)

In the third quarter of 2024, Elon Musk, Miriam Adelson, and Richard Uihlein donated a combined $220 million to super PACs supporting the Republican nominee.

Prominent members of the United States’ billionaire class have shelled out massive sums in the final stretch of the 2024 campaign to elect one of their own, Republican nominee Donald Trump, to the White House, with Tesla CEO Elon Musk donating nearly $75 million in recent months to a super PAC supporting the former president’s bid for a second term.

According to federal filings made public Tuesday, at least six other billionaires joined Musk in donating to pro-Trump super PACs in the third quarter of 2024: Miriam Adelson, the widow of casino magnate Sheldon Adelson; businessman Richard Uihlein, the heir to a brewing fortune; David Millstone, co-CEO of Standard Industries; Diane Hendricks, co-founder of ABC Supply; Kelcy Warren, the chair of Energy Transfer Partners; and financier Ike Perlmutter.

Combined, Musk, Adelson ($95 million), and Uihlein ($49 million) funneled around $220 million over the past three months to super PACs supporting Trump, whose campaign has also received huge financial support from reclusive GOP megadonor Timothy Mellon.

Musk, the world’s richest man and owner of the critical social media platform X, sent roughly $75 million in donations to his pro-Trump America PAC, which has been accused of voter deception. The Guardian‘s Hugo Lowell noted that Musk’s PAC is “doing the bulk of the Trump campaign’s ground game work across the battleground states,” and the billionaire has been using his social media platform to incessantly promote the former president.

As The New York Times reported earlier this month, America PAC has offered to pay $47 to those who help the organization “find Trump voters.”

Trump—whose campaign has focused heavily on delivering more billionaire-enriching tax cuts—has said that, if he wins next month’s election, he would put Musk “in charge of cost-cutting.”

The head of the American Federation of Government Employees expressed alarm last month over Trump’s push for a “government efficiency commission” headed by Musk, warning that the two billionaires only “care about one thing: lining their own pockets.”

In an X post early Wednesday, Musk announced that he “will be giving a series of talks” throughout the key battleground state of Pennsylvania over the next several days as part of his effort to boost the Trump campaign, whose fundraising operation has struggled to keep up with that of Democratic nominee Kamala Harris.

CNN noted Wednesday that Harris, who has also received support from prominent billionaires, “has set a blistering pace—raising $1 billion since she became the Democratic standard-bearer in late July—a milestone achieved faster than any other presidential contender.”

“Tuesday’s filings show that a high-dollar fundraising committee that channels money to her campaign and aligned Democratic committees, took in $633 million during the third quarter—four times the amount raised by Trump’s equivalent fundraising arm in that time,” CNN added.

The Washington Post emphasized that “a full picture of the financial strength of the Trump and Harris efforts will not be available until Sunday, when the campaigns and parties file detailed reports with the Federal Election Commission.”

This year’s election is on track to be the most expensive in U.S. history, according to the campaign finance watchdog OpenSecrets, with at least $15.9 billion flowing to candidates for federal office and super PACs—an outgrowth of the Supreme Court’s 2010 Citizens United decision.

A report published last month by the progressive advocacy group Americans for Tax Fairness (ATF) estimated that by the end of August, just 150 billionaire families in the U.S. had spent nearly $1.4 billion attempting to influence the outcome of the 2024 election.

“Billionaires are making their ‘voices’ heard—make sure theirs don’t drown out yours,” ATF wrote in a social media post on Tuesday, urging people to turn out to vote next month.

Original article by Jake Johnson republished from Common Dreams under Creative Commons (CC BY-NC-ND 3.0). 

Continue ReadingWith $75 Million Gift, Musk Joins Right-Wing Billionaires Bankrolling Trump Campaign