On Wednesday, less than 24 hours after Ted Cruz suspended his campaign, Donald Trump flip-flopped on his vow to self-fund his campaign and not accept large amounts of money from individuals or special interest groups by announcing he would be opening his Rolodex as part of his “world-class finance organization” and would welcome the support of a super PAC, the very types of groups he said were part of a corrupt system and shouldn’t exist.
Thursday morning, Trump made another announcement which reeks of hypocrisy. He announced that Steven Mnuchin, a 17-year Goldman Sachs partner who also previously worked for Soros Fund Management LLC, will serve as the chair of his finance committee. Mnuchin is currently CEO of Dune Capital Management LP.
Throughout the course of his campaign, Donald Trump used the fact that Ted Cruz’s wife works for Goldman Sachs as “proof” that Cruz was corrupt, bought and paid for. He twisted Cruz’s loan against his personal assets, which were invested with Goldman Sachs, when he was running for Senate in 2012 against millionaire David Dewhurst, as an indication that Cruz was in the back pocket of the big bankers as he pushed a similar narrative as socialist Bernie Sanders against “big banks”.
Beyond the hypocrisy of now aligning himself with a former 17-year partner in Goldman Sachs after demonizing the group as big bank controlists, many will find it astounding that Trump would put a man who once worked for one-world, globalist, currency manipulator George Soros in charge of finance committee.
Of course, this isn’t the first time Trump has been associated with Soros. When Trump was searching for backers for Trump Tower in Chicago, Soros was part of the hedge fund group he hit up for $160 million. In addition, Trump reportedly hung out with Soros around Christmas time in 2009.
In explaining his hypocritical pick of Mnuchin, Trump failed to mention his long-time work at Goldman Sachs and George Soros.
Speaking of Mnuchin, Trump said: “Steven is a professional at the highest level with an extensive and very successful financial background. He brings unprecedented experience and expertise to a fundraising operation that will benefit the Republican Party and ultimately defeat Hillary Clinton.”
Mnuchin, the campaign said, “has previously worked with Mr. Trump in a business capacity and brings his expertise in finance to what will be an extremely successful fundraising operation for the Republican Party, “
“It’s a great privilege to be working with Mr. Trump to create a world class finance organization to support the campaign in the General Election,” Mnuchin said in a statement.
Upon doing an analysis of the Federal Elections Communications records, the Washington Examiner discovered that 85-percent of all donations made to political campaigns by Mnuchin since 1998 have gone to Democrats. His first political donation of $500 went to Senator Chuck Schumer in 1998. Since that time, he has donated $68,300 with $57,800 of that total going to Democrats in gubernatorial, senatorial, and presidential races.
Among the Democratic candidates Trump’s finance chairman has contributed to: President Obama ($4,300); former Secretary of State Hillary Clinton ($8,200); former Democratic presidential nominees John Kerry ($500) and Al Gore ($1,000); former Democratic Vice Presidential candidate John Edwards ($4,100); former Louisiana Sen. Mary Landrieu ($2,300); New York Sen. Chuck Schumer ($2,500) and former New Jersey congressional candidate Michael Wildes ($11,500).
Mnuchin also contributed $10,000 to the Democratic Senatorial Campaign Committee in 2004.
It was only after 2008 that Mnuchin donated a pittance to Republicans in comparison to the massive amount he has donated to Democrats through the years.
Count this as Trump’s third major flip-flop since his greatest challenger, Ted Cruz, suspended his presidential campaign Tuesday night.