Trump Issued an Executive Memorandum Giving Mnuchin a $50 Billion Slush Fund; Mnuchin Gave Himself $386 Billion More

Trump Issued an Executive Memorandum Giving Mnuchin a $50 Billion Slush Fund; Mnuchin Gave Himself $386 Billion More

Five days before Congress passed the CARES Act on March 25 of this year, President Donald Trump issued an Executive Memorandum giving U.S. Treasury Secretary Steve Mnuchin complete discretion to use $50 billion in the Treasury’s Exchange Stabilization Fund (ESF) as Mnuchin solely saw fit. The Memorandum was dated Friday, March 20. On the prior Tuesday and Wednesday of that same week, Mnuchin had already used $20 billion of the Exchange Stabilization Fund to bail out Wall Street. As Mnuchin’s letter of November 19 to Fed Chair Jerome Powell confirms, he gave (or committed) $10 billion from the ESF to the Fed’s Commercial Paper Funding Facility on March 17 and another $10 billion to another Fed emergency lending program, the Money Market Mutual Fund Liquidity Facility, on March 18.

[2018] How Drudge, Assange, Greenwald and the Pauls Are Unifying Under a Libertarian Banner

How Drudge, Assange, Greenwald and the Pauls Are Unifying Under a Libertarian Banner

This leads us right back to Drudge’s eye-popping tweets about upending the two party system in the name of libertarianism and so on. Remarkably, with fewer than 280 characters, he managed to pull everything into critical focus. Similarly, as Greenwald and others have stated, the libertarian left’s primary goal is the disintegration of the two party system by pursuing a long-term effort to undermine the Democratic Party, even if it means the election of more Republicans and the enacting of conservative policies like voter ID, corporate deregulation and the further erosion of reproductive rights. On the Greenwald front, the mission is to destroy the Democratic Party. On the Drudge side, it’s the Republican Party. And the common denominator? Libertarianism.