Friday, December 8, 2017

My mistake: Trump didn’t have private meeting w/David Koch & friends the day after Senate passed tax reform. It was another Park Avenue billionaire, Stephen A. Schwarzman


By Marc Jampole

It turns out that my guess as to who hosted the private meeting Donald Trump had at 740 Park Avenue the day after the Senate passed the Trump GOP massive tax cut for the wealthy was wrong.
I said it was probably David Koch, and that Trumpty-Dumpty no doubt has his hand out for a little sugar from the windfall Trump’s Republican Party was giving the Koch family and their pals.
But the New York Times is reporting—six days after the meeting—that the host was Stephen A, Schwarzman, the billionaire founder of private equity behemoth Blackstone Group, another trust fund baby who has turned his head start into an estimated $11.2 billion in net worth. The Times report claims that the group included old New York friends and real estate colleagues, a tip-off that at least part of the article is spun from air or that almost no one attended, as Trump doesn’t have many if any New York friends or real estate colleagues after his buffoonish public behavior before and during “The Apprentice,” thousands of lawsuits involving legitimate New York businesses he stiffed and his six bankruptcies that cost plenty of New York real estate interests lots of money. New York’s wealthy and powerful elite have considered The Donald a joke since before one of his ex-wives first called him The Donald.
Supposedly many in the group who met with Trump at Schwarzman’s luxury apartment, urged Trump to pressure the Republicans in Congress to roll back plans to end the tax deduction for state and local taxes. Ending the deduction is expected to cost high-tax, high-benefit states like New York, California and New Jersey billions of dollars—part of the way Republicans are planning to pay for the enormous tax break they are giving to everybody assembled in Schwarzman’s apartment except for the servers and security.
My bad guess as to whom Trump visited matters not to the points I was trying to make when I—alone among news reporters and pundits—reported the meeting earlier this week. Whatever else was discussed, we can be sure that Trump had his hand out. We can also rest certain that whoever else was in the plush environs of the Schwarzman residence with Stephen A. and the Donald, they were multi-millionaires or billionaires aligned with conservative causes. The self-seeking and self-satisfied moneyed elite whose opinion matters more to Republicans and many Democrats than the will of the people.
And we can rest assured that self-interest was in the minds and on the lips of everyone present. Remember that it was Schwarzman who in 2010 compared President Obama’s proposal to increase taxation on “carried interest” profits to Hitler’s invasion of Poland in 1939. I guess he needs all that money to indulge his well-documented hobby of collecting expensive antiques and fine art furniture.
The question remains as to who was riled enough about my OpEdge article and had the juice to force a “correction” at the head of a front-page Times article. The article was about the fact that Trump is going against many other New York moneybags in wanting to end the state deduction. The fairly lengthy piece never returns to the meeting, or even to Schwarzman. The mention of the meeting was a factoid throwaway that was entirely unnecessary for the article and a fairly weak beginning to it.
So who wanted the record corrected? Was it Koch, who doesn’t seem to want to have any public association with the erratic and ignorant leader of the current administration? Or was it Schwarzman, who in the past has embraced his connection to Trump and his role as a Trump advisor? I doubt it was Trump himself, who would have no reason to correct a small inaccuracy in a blog reaching 40,000 people, and every reason in the world to pretend to the American people that he doesn’t spend a lot of time trawling for dollars amongst the ultra-wealthy. Although I have strong circumstantial evidence that the Times has ripped off my OpEdge and Jampole Communications ideas before, I doubt it was the Times that started the ball rolling after seeing my article, because the Times always knew Trump was headed to the Big Apple to beg for cash. It published two photos that referenced Trump’s day-after-the-tax-heist trip in the Sunday paper without explaining the reason for the visit. Of course maybe after seeing the OpEdge article, the Times editors realized they had an interesting little factoid they could use to flesh out a broader story.
We’ll never know, just as we’ll never know what was really said at the meeting. I doubt, however, the conversation veered anywhere close to discussing government actions that would help the vast majority of Americans not worth hundreds of millions or billions of dollars.

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