Never mind: Wall Street titans shake off qualms and embrace Trump

[Passages]

The love of money and power.


Many high-dollar donors had turned their backs on Trump after the stolen election lie and Jan. 6, but now have returned.


By SAM SUTTON

06/10/2024 05:00 AM EDT

NEW YORK — Wall Street executives spent three years doing everything they could to distance themselves from former President Donald Trump. Now they’re busy coming up with reasons to vote for the guy.

Many high-dollar donors at banks, hedge funds and other financial firms had turned their backs on Trump as he spun unfounded claims that the 2020 election had been stolen and savaged the judicial system with attacks. Today, they’re setting aside those concerns, looking past qualms about his personality and willingness to bulldoze institutional norms and focusing instead on issues closer to the heart: how he might ease regulations, cut their taxes or flex U.S. power on the global stage.

“I don’t know that anyone really believed he was a threat to democracy,” said Point Bridge Capital founder Hal Lambert, an investor and Republican donor. Lambert had backed Florida Gov. Ron DeSantis in the 2024 primary but is now supporting Trump.

Republican business titans from hedge fund executive Nelson Peltz to hotel mogul Robert Bigelow have come out in favor of the presumptive GOP nominee. Even those who loudly denounced Trump’s efforts to overturn the results of the 2020 election are backing his bid to return to the White House.
https://www.politico.com/news/2024/06/10/billionaires-learned-to-stop-worrying-and-love-trump-00162219

[magicarpet]

1. Really hate trDUMP,... but love them some more $18 million dollar yearly tax breaks.

Give me more,... not that I'm a glutton or sumthin'

[blm]

2. Trump's tax law benefitting financial elites may be ended in 2025.

And that is ALL they care about. They want Biden’s work to stabilize economy for all the last 4yrs to benefit only them again under Trump.

[Passages]

3. That exact message must be repeated until we win in November.

The $6 Trillion Decision
The stakes of the election can be laid out in 13-figure sums.

BY DAVID DAYEN APRIL 15, 2024
https://prospect.org/economy/2024-04-15-6-trillion-dollar-decision-tax-policy/

[Think. Again.]

4. The article talks about and quotes REPUBLICAN "Wall St. Titans".

[Passages]

5. Correct. The article is about how those of them who denounced him after Jan 6th

are fine with him again.

He's not so bad after all, in their view. Tax cuts at the top of the heap of their wish list.

[Think. Again.]

6. They are republicans, of course they will back him.

[Passages]

7. They distanced themselves, that is the story and now they're back.

[Think. Again.]

8. Yep, that's their story (and they're stickng to it!)

But it would be foolish to think that anything a rightwinger says is truth after soooo many examples of how that just doesn't happen.

[Passages]

9. I can't speak for the author but I imagine he/she was going for exposure of their

priorities, which is their money/control, and of course their hypocrisy. Trump is now a felon, much worse than in 2020.

[Think. Again.]

10. Seems to me the author is trying to push...

...some false narrative that "Wall St. Titans!" believe trump would be better for the economy, so we should too.

[Passages]

11. I did not get that at all.

[Aristus]

12. Sure, the economy crashed catastrophically three times in the last century,

all three times when a two-term Republican President was in office, or had just left office. But let's do it again anyway!...

[Passages]

13. They love their money.

Twisted, but that is what most Republicans are about.

[Skittles]

14. sickening

they see financial advantages to authoritarianism