The Intercept Briefing21 Okt 2020

American Mythology: The Presidency of Donald Trump (Part Six: The Looting of the Nation)

Donald Trump has run the White House like his family business with one primary aim: to enrich his brand, his family and his cronies. In part six of American Mythology, we examine how Trump and the GOP — at times with help from the Democrats — have opened the gates to the federal feeding trough for corporate greed and unaccountability. Throughout the 2016 campaign Trump claimed that, unlike Hillary Clinton, he was not beholden to corporate or special interests and that he would uplift the working class. Once in power, he appointed record numbers of Goldman Sachs veterans to his administration, passed sweeping tax cuts for the wealthiest Americans, attacked organized labor, and chiseled away at an already abysmal health care system. Unprecedented inequality and stagnant wages have persisted. Fewer Americans currently have health insurance than when Trump was sworn into office. These sharp economic injustices have come into clear focus during the Coronavirus pandemic: Corporate robber barons like Jeff Bezos have increased their wealth by billions while 40 percent of Americans say they couldn’t withdraw $400 in the event of an unexpected emergency. In America, eight million more people have descended into poverty in recent months, as the wealth of billionaires grew by $845 billion dollars.

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