The revelation last week that the Washington Free Beacon, a conservative news website largely funded by Republican megadonor and hedge fund billionaire Paul Singer, hired Trump dossier firm Fusion GPS to conduct opposition research into Trump has inspired Steven Bannon to declare war on the mega doner. But while Singer has reportedly warmed to the president in the months since he took office, many of his peers are growing increasingly cynical. To wit, New York Magazine reports that other pro-establishment donors are growing increasingly skeptical of the administration’s ability to pass comprehensive tax reform – the one issue that convinced many in the donor class to abandon their reservations and support Trumpism.
Now, in a story published in New York Magazine on Monday, Michelle Celarier reports that many of Singer’s fellow donors have soured on the commander-in-chief just nine months into his term.
But these men (and they were almost exclusively men) were hoping that a Republican agenda would give them a big tax cut, if nothing else. Now, after almost a year of congressional inaction and new fears that even the tax cut is slipping away, many are privately shunning the president. Like powerful Republicans in Washington, behind closed doors they are expressing disgust, disappointment, trepidation – and deploying no small amount of black humor.
This post was published at Zero Hedge on Oct 30, 2017.
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