Stephen Schwarzman’s Bad Business Advice (Leftist Regurgitated Filth)

For devotees of President Trump, the first gathering on Friday of his business council, which featured 17 executives, may have looked like a colorized version of “Mr. Smith Goes to Washington,” but for those focusing exclusively on the rapport between the two leaders, it resembled “Goodfellas.”

Sitting alongside Mr. Trump was the head of the council, Stephen Schwarzman, the chief executive of the private equity firm Blackstone Group, wearing Washington’s newly obligatory red tie. Since its founding in 1985, Blackstone has accumulated more than $361 billion in assets and made Mr. Schwartzman a fortune estimated at $11 billion — a figure that no doubt dwarfs whatever it is that Mr. Trump is worth. In 2015, Mr. Schwarzman was paid $799 million.

Mr. Schwarzman has flourished during the four decades that the people Mr. Trump purports to represent have languished. In the pursuit once known as leveraged buyouts — before some marketing genius fastened on “private equity” as a way to disguise the fact that the business still rests on a mountain of debt — Mr. Schwarzman and his brethren have become symbols for the economic inequality that Mr. Trump deplored during his campaign. They are able to borrow billions and deduct interest payments from their corporate tax bills while $75,000-a-year wage earners in Ohio, Michigan or Pennsylvania are unable to secure a mortgage and get no tax break on their monthly rent.

A fake news regurgitated leftist screed about leveraged buyouts. They hit Romney over the head with it as well. It is as old as Juannita Broaddricks blood under Bill Clinton's fingernails, but treated as original thinking since it is another attack on a Trump initiative. For those referring to this swill as an insight in to the evil Trump business roundtable, they are being "fake".

More "kill the bankers" nonsense from the Dem left who are still running on "not Trump". They still are devoid of ideas and can only attack. They are still running Hillary's campaign, doubling down, burning campuses. Where are the ideas?

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