Dedicated To FT

One of Trump's biggest critics has been the snobby crowd at the Financial Times. Just this week they had a few of their resident intellects go off on Trump's seemingly disjointed transition. They suffer  from selective memory, one of the hallmarks of their kind of intellectualism.

The other is revisionism, like Lincoln didn't win the popular vote either.

Nor does it matter that people from the left like Joe Biden and others have stated they were no further along in the transition process at this point for Mr. Obama than the Trumpsters are now. No matter. These people want what they want and they sure as hell know what they don't want, anyone in a position of power who disagrees with them.

So we dedicate this article to the Financial Times and their editorial board who have been pounding their rocks against Trump way before it looked as if he could even win the primary let alone create their worst nightmare. We have no particular interest in Trump. Our attention was arrested way before even the primaries. When you see so many people lining up to beat on one guy, you know the chickens are threatening to come home to roost. And the more you look the more you realize who and where those chickens are--two corrupt political parties, Hollywood, Wall Street and and all those
corporates who pay lip service with one side of their mouths and steal from common people with the other.
----
Moments ago, the Hollywood Reporter released the much anticipated Michael Wolff interview with Steve Bannon, the controversial president-elect's chief strategist. As a preface, Wolff reveals that Bannon - unlike virtually anyone else in the "credible" media - predicted exactly how things would play out:

In late summer when I went up to see Steve Bannon, recently named CEO of the Donald Trump presidential campaign, in his office at Trump Tower in New York, he outlined a preposterous-sounding scenario. Trump, he said, would do surprisingly well among women, Hispanics and African-Americans, in addition to working men, and hence take Florida, Ohio, Pennsylvania and Michigan — and therefore the election. On Nov. 15, when I went back to Trump Tower, Bannon, promoted by the president-elect to chief strategist for the incoming administration, and by the media as the official symbol of all things hateful and virulent about the coming Trump presidency, said, as matter-of-factly as when he first sketched it out for me, “I told you so.”

Perhaps Trump naming Bannon "chief strategist" is not a bad idea.
Below we picked a few of the most notable excerpts from the interview, starting with Wolff's description of what he saw on the day he visited Trump. He writes "the New York Times, in a widely circulated article, will describe this day at Trump Tower as a scene of “disarray” for the transition team." It appears the NYT was being a source of fake news again:

"In fact, it’s all hands on: Mike Pence, the vice president-elect and transition chief, and Reince Priebus, the new chief of staff, shuttling between full conference rooms; Jared Kushner, Trump’s son-in-law and by many accounts his closest advisor, conferring in the halls; Sen. Jeff Sessions in and out of meetings on the transition team floor; Rudy Giuliani upstairs with Trump (overheard: “Is the boss meeting-meeting with Rudy or just shooting the shit?”), and Bannon with a long line of men and women outside his corner office. If this is disarray, it’s a peculiarly focused and organized kind."

Why did Wolff pick Bannon as the subject of his interview: simple - he is the brains of the operations, the man whose job is to make the Trump regime "intellectually and historically coherent."

The focus on Bannon, if not necessarily the description, is right. He’s the man with the idea. If Trumpism is to represent something intellectually and historically coherent, it’s Bannon’s job to make it so. In this, he could not be a less reassuring or more confusing figure for liberals — fiercely intelligent and yet reflexively drawn to the inverse of every liberal assumption and shibboleth. A working class kid, he enlists in the navy after high school, gets a degree from Virginia Tech, then Georgetown, then Harvard Business School. Then it’s Goldman Sachs, then he’s a dealmaker and entrepreneur in Hollywood — where, in an unlikely and very lucky deal match-up, he gets a lucrative piece of Seinfeld royalties, ensuring his own small fortune — then into the otherworld of the right wing conspiracy and conservative media. (He partners with David Bossie, a congressional investigator of President Clinton, who later spearheaded the Citizens United lawsuit that effectively removed the cap on campaign spending, and who now, as the deputy campaign manager, is in the office next to Bannon’s.) And then to the Breitbart News Network, which with digital acumen and a mind-meld with the anger and the passion of the new alt-right (a liberal designation Bannon derides) he pushes to the inner circle of conservative media from Breitbart's base on the west side of liberal Los Angeles.

Incidentally, Bannon appears to be a fan of "darkness":

“Darkness is good,” says Bannon, who amid the suits surrounding him at Trump Tower, looks like a graduate student in his T-shirt, open button-down and tatty blue blazer — albeit a 62-year-old graduate student. “Dick Cheney. Darth Vader. Satan. That’s power. It only helps us when they—“ I believe by “they” he means liberals and the media, already promoting calls for his ouster “—get it wrong. When they’re blind to who we are and what we’re doing.”

Bannon next discusses the "battle line" inside America's great divide.

zerohedge.com/news/2016-11-18/steve-bannon-interviewed-issue-now-about-americans-looking-not-get-f.....over.

He absolutely — mockingly — rejects the idea that this is a racial line. “I’m not a white nationalist, I’m a nationalist. I’m an economic nationalist,” he tells me. “The globalists gutted the American working class and created a middle class in Asia. The issue now is about Americans looking to not get f—ed over. If we deliver—” by "we" he means the Trump White House "—we’ll get 60 percent of the white vote, and 40 percent of the black and Hispanic vote and we’ll govern for 50 years. That’s what the Democrats missed, they were talking to these people with companies with a $9 billion market cap employing nine people. It’s not reality. They lost sight of what the world is about.”

Trump's strategist views himself as a simple symbol: the "fall of the establishment." He also slams the media: "The media bubble is the ultimate symbol of what’s wrong with this country....It’s just a circle of people talking to themselves who have no f—ing idea what’s going on. If The New York Times didn’t exist, CNN and MSNBC would be a test pattern." He's right.

Bannon represents, he not unreasonably believes, the fall of the establishment. The self-satisfied, in-bred and homogenous views of the establishment are both what he is against and what has provided the opening for the Trump revolution. “The media bubble is the ultimate symbol of what’s wrong with this country,” he continues. “It’s just a circle of people talking to themselves who have no f—ing idea what’s going on. If The New York Times didn’t exist, CNN and MSNBC would be a test pattern. The Huffington Post and everything else is predicated on The New York Times. It’s a closed circle of information from which Hillary Clinton got all her information — and her confidence. That was our opening.”

Bannon's vision: an "entirely new political movement", one which drives the conservatives crazy. As to how monetary policy will coexist with fiscal stimulus, Bannon has a simple explanation: he plans to "rebuild everything" courtesy of negative interest rates and cheap debt throughout the world. Those rates may not be negative for too long. 

“Like [Andrew] Jackson’s populism, we’re going to build an entirely new political movement,” he says. “It’s everything related to jobs. The conservatives are going to go crazy. I’m the guy pushing a trillion-dollar infrastructure plan. With negative interest rates throughout the world, it’s the greatest opportunity to rebuild everything. Ship yards, iron works, get them all jacked up. We’re just going to throw it up against the wall and see if it sticks. It will be as exciting as the 1930s, greater than the Reagan revolution — conservatives, plus populists, in an economic nationalist movement.”