Saturday, July 20, 2024

Trump reveals who is on his economic advisory team

Donald Trump revealed his 13-member economic advisory team on Friday, along with an announcement that he will unveil his policy agenda “for revitalizing the American economy” at the Detroit Economic Club on Monday at noon.

“Mr. Trump’s speech will focus on empowering Americans by freeing up the necessary tools for everyone to gain economically,” the statement reads. “It will stand in stark contrast to Clinton’s same, stale big government policy prescriptions that have choked economic growth in America and led to over 40 years of wage stagnation.”

The all-male team draws heavily from Wall Street, featuring hedge fund executives like John Paulson, who made his fortune betting against the subprime market last decade, and Stephen Feinberg, co-founder of asset management firm Cerberus Capital Management.

Trump also draws heavily from the world of real estate, while also including figures like Dan DiMicco, Executive Chairman of the steel manufacturer Nucor Corporation, a move which emphasizes Trump’s campaign theme of revitalizing American manufacturing. Other members include:

  • Thomas Barrack, Founder and Executive Chairman of Colony Capital,
  • Andy Beal, Founder and Chairman of Beal Bank and Beal Bank USA
  • Stephen M. Calk, Founder, Chairman and CEO of Federal Savings Bank,
  • Dan Kowalski, Deputy Staff Director of the Republican staff of the Senate Budget Committee
  • Howard M. Lorber, President and CEO of Vector Group Ltd
  • David Malpass, former Deputy Assistant Treasury Secretary under President Reagan, and Deputy Assistant Secretary of State under President George W. Bush.
  • Steven Mnuchin, Chairman and CEO of Dune Capital Management LP
  • Stephen Moore, economist and founder of Club for Growth
  • Peter Navarro, economist, Paul Merage School of Business at the University of California, Irvine
  • Steven Roth, Chairman of the Board and Chief Executive Officer of Vornado Realty Trust

Despite the fact that Donald Trump has been falling in the polls this week, most surveys still show voters trusting his handling of the economy more than Hillary Clinton’s. Monday’s policy announcement therefore may prove to be the real estate magnate’s first big chance to stem Clinton’s momentum and stage a comeback in the polls.

Author: Red

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