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Donald Trump Announces Economic Advisory Team
Andy Beal, founder of Beal Bank and several other financial firms.
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His adviser list underscores a deep rift between Trump and the traditional Republican policy establishment. “You don’t have the standard list of establishment conservatives”. In 2012, he was an energy adviser for Republican nominee Mitt Romney. Mnuchin’s name also has been floated as a possible Trump pick for Treasury secretary. He spoke at the Republican convention.
In the statement announcing the team, Trump’s campaign also said he’ll unveil a detailed jobs plan on Monday at the Detroit Economic Club.
In an interview on Bloomberg Television, Moore said the tax overhaul will be one of the biggest tax cuts since Ronald Reagan. “His message will be the economy, jobs”, Mr. Moore said. “I really don’t know what went on there with respect to the final list, but there’s a broader list that has a lot of women”.
Women voters, she said, care more about their economic well-being than the make-up of an advisory group. Beal has made a fortune buying distressed assets, including debt backed by jetliners following the September 11 terrorist attacks.
That wealthy group includes Harold Hamm, a self-made oil billionaire.
One major oil industry executive is on the list: Harold Hamm, CEO of Continental Resources, who made a fortune in Bakken Shale formation and is said by Forbes to be worth nearly $13 billion.
One of the best known of Trump’s panel is Paulson, whose bet against the overheated housing market in 2007 netted him and his investors billions of dollars.
Peter Navarro is the only actual economist on the list, with a PhD from Harvard University.
The bulk of the advisory team is millionaire and billionaire investors.
A key question, said Mark Calabria of the Washington-based Cato Institute, is how influential the advisers will be.
Donald Trump at a rally August 5 in Des Moines. There are also no researchers who focus on middle-class or family issues specifically, an area Trump aides have suggested they will highlight.
Indeed, some have even crossed swords with the candidate in business dealings. Howard Lorber is chairman of Douglas Elliman, the largest residential real estate brokerage in New York City, with more than 4,000 brokers who sell and rent, among many New York properties, Trump-branded condominiums.
Hamm could not be reached for comment Friday, but spokeswoman Kristin Thomas confirmed he has provided informal advice to Trump and his campaign.
The reliance on Wall Street executives comes after Trump spent much of his primary campaign lambasting the industry for paying too little in taxes.
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The Hill: “Trump Announces All-Male Economic Team”.