Trump 2.0: Project 2025 Could Impact the Economy and Your Finances

Cass is wrong. See related below.*

The Trump team lied. Project 2025 is influential with his transition team and his second cabinet.

Project 2025 Could Impact the Economy and Your Finances

What economic proposals are in Project 2025?

Most of Project 2025 would have economic implications if implemented and many proposals would affect Americans on a personal finance level. While this is not an exhaustive list, here are some key proposals:

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Trumpism, NATO and the Ukraine war

Trumpism, NATO and the Ukraine war (original)

“Two years ago, General Mark A. Milley, then President Biden’s chief military adviser, suggested that neither Russia nor Ukraine could win the war. A negotiated solution, he argued, was the only path to peace. His comments caused a furor among senior officials. But President-elect Donald J. Trump’s victory is making General Milley’s prediction come true,” wrote The New York Times in an article published last week, part of a growing line of arguments by those who fear that the arrival of the new Republican administration will mean leaving Ukraine to its own devices. These articles, present in all major American and European media, take literally Trump’s desire to end the war and his lack of interest in the situation in Ukraine. This has also been helped by the words of JD Vance, who, from his ignorance of the conflict, has proposed a plan that can only satisfy Russia, or the exalted response of Donald Trump Jr. after the confirmation of the American permission to use Western missiles against targets on the territory of mainland Russia. Sometimes, think-tankers and experts also add Trump’s disdain for NATO or his desire not to rescue member countries that do not meet the minimum investment required by the Alliance in the event of a Russian attack.

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Trump 2.0: Prepare for the further dumbing down of America

No, it’s not Communism! It’s the privatization of education. “School choice” takes away from government spending for public schools!

Source

Trump Chooses Longtime Ally Linda McMahon to Run Education Dept.

President-elect Donald J. Trump on Tuesday tapped Linda McMahon, a former professional wrestling executive who ran the Small Business Administration for much of his first term, to lead the Education Department, an agency he has routinely singled out for elimination in his upcoming term.

In part because of her recent policy role and her experience as the small business administrator, Ms. McMahon had been discussed as a possible pick to lead the Commerce Department until the role was officially offered to Howard Lutnick, a Wall Street executive and a chairman of the Trump transition team, earlier in the day.

Ms. McMahon will be in charge of overseeing what is widely expected to be a thorough and determined dismantling of the department’s core functions, as Mr. Trump and many of those in his orbit have questioned the agency’s purpose and disparaged its work as overregulating schools on political and ideological terms.

Other than a brief appointment in 2009 to the Connecticut State Board of Education, where she served for just over a year, Ms. McMahon has no experience in overseeing education policy. She would assume the role at a time when school districts across the country are facing budget shortfalls, many students are not making up ground lost during the pandemic in reading and math, and many colleges and universities are shrinking and closing amid a larger loss of faith in the value of higher education.

While Mr. Trump has repeatedly called for an outright dissolution of the agency, any effort to shutter it would require congressional action and support from some Republican lawmakers whose districts depend on federal aid for public education.

But the America First Policy Institute has set out a more immediate list of changes it says could be achieved through vastly changing the department’s priorities. Those include stopping schools from “promoting inaccurate and unpatriotic concepts” about American history surrounding institutionalized racism, and expanding “school choice” programs that direct more public funds to parents to spend on home-schooling, online classes or at private and religious schools.

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Howard Lutnick, the Wall Street Billionaire Staffing Trump’s Cabinet, Hosted a Fundraiser for Hillary Clinton’s Presidential Bid in 2016

On Friday evening, August 2, Howard Lutnick, the Chairman and CEO of the Wall Street trading house, Cantor Fitzgerald, held a fundraiser populated by the super wealthy at his home in the Hamptons. The bash was to help presidential candidate Donald Trump shore up his sagging campaign coffers. Tickets went for $25,000 each or $50,000 if you wanted a photo with Trump. You could be listed on the program as a host for a mere $500,000. According to Lutnick, the event raised $15 million. According to Federal Election Commission (FEC) records, Lutnick himself was responsible for a third of that amount. He wrote out a check for $5 million to the Trump campaign the Monday after the event.

Howard Lutnick, the Wall Street Billionaire Staffing Trump’s Cabinet, Hosted a Fundraiser for Hillary Clinton’s Presidential Bid in 2016

Previously:

Nothing will change under Trump:

Trump’s transition team has ties to the front organization Atlas Network through the America First Policy Institute.

Pro-Israel leaders encouraged by Brian Hook’s role on State Department transition team

As questions emerge about how President-elect Donald Trump will handle the ongoing turmoil in the Middle East during a second term, some pro-Israel foreign policy voices say they have been reassured by recent news reports that Brian Hook, a special envoy for Iran in the first Trump administration, is expected to lead the transition team at the State Department.

Hook, who previously worked in the State Department under former President George W. Bush and is now the vice chairman of Cerberus Global Investments, helped to oversee Trump’s so-called “maximum pressure” campaign toward Iran, including punishing sanctions after the U.S. withdrawal from the Iranian nuclear deal. He was also a key player on the team that negotiated the Abraham Accords, Trump’s signature foreign policy achievement, which the president-elect has pledged to expand when he returns to office.

Among the candidates rumored to be under consideration for secretary of state are Sen. Bill Hagerty (R-TN), a former ambassador to Japan; Robert O’Brien, Trump’s former national security advisor; and Ric Grenell, who served as the former president’s ambassador to Germany as well as his acting director of national intelligence.

But conservative foreign policy experts surveyed by JI said they did not envision ideological tensions between Hook and Grenell emerging should they serve together. “Grenell mirrors Trump in being a champion-level supporter of Israel and Iran hawk,” said a former official on Trump’s National Security Council, who was granted anonymity to discuss the transition. “There would be no reason for friction.”

Pro-Israel leaders encouraged by Brian Hook’s role on State Department transition team

Previously:

Making Excuses for Trump: Where Does the Buck Stop?

But Trump’s seemingly aimless foreign and national security policies are only part of the problem. More to the point, the president keeps appointing people to senior level positions where they have a hand in shaping the policies ranging from hardline on civil liberties issues to complete interventionism vis-à-vis America’s role worldwide. The list is long and includes John Bolton, Rick Grenell, Mike Pompeo, Brian Hook, James Jeffrey, Robert O’Brien, John Ratcliffe and Gina Haspel. And one might suggest that the latest move might very well be the worst of all, naming Eliot Abrams as Special Envoy on Iran.