‘We don’t want him to have the self-satisfaction’: Why Wall Street hates the Trump economy

‘We don’t want him to have the self-satisfaction’: Why Wall Street hates the Trump economy
The city has already erected a memorial to the noble creature. (Image: photo.ua/Shutterstock)

[Ed. – In which Vanity Fair allows a Wall Street banker to attack Donald Trump at length from behind a cloak of anonymity. – Brit Hume]

Here’s the crux of the Donald Trump problem for Wall Street: it hates pretty much everything about the man and resents deeply the fact that he may have a few genuine accomplishments to crow about as the country heads into the midterm election. “It’s, like, offensive to our intellects,” a very senior banker at a big Wall Street firm tells me from his seaside vacation home a day before Independence Day. “It’s an assault, every day. And we can’t help but think how unfair it is that a guy that we vehemently despise, for a whole series of legitimate reasons, is our president and is gloating as he promotes his so-called victories, and his base just loves it.” The economy is humming, but not for any of the reasons that Trump seems to think. If anything, the banker suggested, it’s thriving in spite of the president: “It’s intellectually insulting, and it’s just psychologically impairing.”

To be clear, he doesn’t think any of what Trump claims to be his “victories” on a regular basis are, in fact, accomplishments.

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