Our Wall Street Overlords

Created
Mon, 10/02/2025 - 04:00
Updated
Mon, 10/02/2025 - 04:00
Just as awful as they ever were Bill Cohen at Puck surveyed some of the Masters of the Universe about Trump’s first moves and they are fine with it. Who are these jerks? One Wall Street executive, who almost went to work for Trump this time around, artfully told me that the president was simply using the Oval Office and the media as his bully pulpit, itself a form of performance art. “Bullies love to see people cower in fear,” he said. “Why be a bully if you can’t do that? So how much of this is just, ‘Justin Trudeau, I’m gonna fuck with him,’ or ‘Mexico didn’t really do shit to stop immigration, time for them to shit their pants a little bit. Let’s get a reset’?” A former Wall Streeter who did a stint in Washington described the first two weeks of Trump II as “a giant blender” of “fog and chaos” stirred up to distract people from three of Trump’s near-term goals: getting his “idiot cabinet picks” through the Senate; positioning Russ Vought, Trump’s pick to head the O.M.B., to “take the shit out of the budget”; and getting congressional approval for the extension of the about-to-expire Trump I tax cuts. And, he said, Wall Street is on board. “[The tax cut extension] is what they really want,” he explained. “Until he can’t do that, they’re perfectly happy to back him and focus on the things that warm their hearts, like shutting USAID. But if this goes on…