A racist, misogynist, xenophilic bigot setting at the right hand of soon to be President Trump? Thus claims the left, in full shock and attack mode after having unearthed some intemperate quotes on Britebart news, quotes occurring while Bannon was at the helm.
For anyone interested in attempting an objective view, here are several quotes from a lengthy speech given prior to the election, a speech that merits reading in its entirety.
On capitalism, Bannon shares some observations and concerns. He believes that there are three strains of capitalism, two of which are dangerous. The good kind is enlightened capitalism:
“The underlying principle is an enlightened form of capitalism, that capitalism really gave us the wherewithal. It kind of organized and built the materials needed to support, whether it’s the Soviet Union, England, the United
States, and eventually to take back continental Europe and to beat back a barbaric empire in the Far East.
That capitalism really generated tremendous wealth. And that wealth was really distributed among a middle class, a rising middle class, people who come from really working-class environments and created what we really call a Pax Americana.”
Is Bannon dangerous? He may be to the big banks. To those banks capable of paying $250,000 for “speaking fees” to candidates for office he would have to be frightening. For example:
“And one of the reasons is that we’ve never really gone and dug down and sorted through the problems of 2008. Particularly the fact — think about it — not one criminal charge has ever been brought to any bank executive associated
with 2008 crisis. And in fact, it gets worse. No bonuses and none of their equity was taken.”
“In addition, I think you really need to go back and make banks do what they do: Commercial banks lend money, and investment banks invest in entrepreneurs and to get away from this trading — you know, the hedge fund securitization,
which they’ve all become basically trading operations and securitizations and not put capital back and really grow businesses and to grow the economy.”
Big corporations stand to lose taxpayer funding and some government agencies (e.g., the Export-Import Bank) are at risk of having to be restored to their original purpose:
“Currently, if you read The Economist, you read the Financial Times this week, you’ll see there’s a relatively obscure agency in the federal government that is engaged in a huge fight that may lead to a government shutdown.
It’s called the Export-Import Bank. And for years, it was a bank that helped finance things that other banks wouldn’t do. And what’s happening over time is that it’s metastasized to be a cheap form of financing to General Electric and to Boeing and to other
large corporations. You get this financing from other places if they wanted to, but they’re putting this onto the middle-class taxpayers to support this.”
This is the Steve Bannon that much of our liberal press seems so anxious to overlook.
**Gary A. Howie MSc, PhD** is business owner/rancher and a Life & Liberty News contributor
