CNBC’s Eamon Javers Discusses Pres. Trump and His Billionaire Backers
In a recent special report on CNBC, Eamon Javers, the network’s senior business correspondent, shared insights into the latest developments concerning President Trump and his wealthy supporters. Javers began by discussing the recent financial disclosures filed by the President, revealing that his assets have grown significantly since taking office.
President Trump’s Financial Disclosures
According to Javers, the President’s disclosures showed an increase in the value of his real estate holdings, as well as his golf courses and hotels. He also noted that the President’s business, the Trump Organization, has continued to rake in profits, despite controversies surrounding the ethics of the President’s business dealings.
Billionaire Backers
Javers then turned his attention to the President’s billionaire backers, highlighting the close ties between the administration and wealthy individuals. He mentioned Sheldon Adelson, the casino magnate, who is a major donor to the Republican Party and has reportedly been lobbying for a new online gambling law. Javers also discussed Steve Schwarzman, the CEO of Blackstone Group, who has been appointed to lead the President’s Strategic and Policy Forum.
Impact on the Average Citizen
As for how this will affect the average citizen, Javers noted that the President’s financial connections and those of his backers could lead to policies that benefit the wealthy at the expense of the middle class. He pointed to the recent tax reform bill as an example, which many argue will disproportionately benefit the wealthy.
- Increased wealth gap between rich and poor
- Possible reduction in social services and safety net programs
- Limited access to opportunities for those without significant financial resources
Impact on the World
On a global scale, Javers discussed the potential implications of the President’s financial ties and those of his backers. He noted that the President’s business dealings in foreign countries could lead to conflicts of interest and potentially undermine U.S. diplomacy.
- Strained diplomatic relations with foreign governments
- Possible influence of foreign interests on U.S. policy
- Risk of increased global instability
Conclusion
In conclusion, Eamon Javers’ discussion on CNBC highlighted the financial connections between President Trump and his billionaire backers, and the potential implications for both the average American and the world at large. While the President’s assets have continued to grow, and his backers wield significant influence, there are concerns that policies may be enacted that benefit the wealthy at the expense of the middle class and potentially undermine U.S. diplomacy. Only time will tell what the long-term effects of these connections will be.
