Put America first – Not the Chinese Communist Party and its Wall Street enablers

At the start of the Chinese Communist Party’s intensifying oppression of Hong Kong last June, President Trump sought advice on what he could do to punish the PRC and protect Americans from having their savings endangered by investing there. Unfortunately, he turned to Treasury Secretary Steve Mnuchin and other Wall Street insiders for answers.

Last week, Mnuchin’s so-called Plunge Protection Team finally responded and, predictably, recommended basically doing nothing for at least the next seventeen months. He hesitatingly admitted as much in a White House press conference yesterday.

If Mr. Trump agrees, the CCP will continue to garner billions, if not actually trillions, of dollars from U.S. capital markets. Wall Street fat cats will get richer on hefty commissions and help our enemy underwrite its oppression at home and threats to us.

Mr. President: That would not be putting America first.

This is Frank Gaffney.

About Frank Gaffney, Jr.

Frank Gaffney is the Founder and Executive Chairman of the Center for Security Policy in Washington, D.C. Under Mr. Gaffney's leadership, the Center has been nationally and internationally recognized as a resource for timely, informed and penetrating analyses of foreign and defense policy matters. Mr. Gaffney formerly acted as the Assistant Secretary of Defense for International Security Policy during the Reagan Administration, following four years of service as the Deputy Assistant Secretary of Defense for Nuclear Forces and Arms Control Policy. Previously, he was a professional staff member on the Senate Armed Services Committee under the chairmanship of the late Senator John Tower, and a national security legislative aide to the late Senator Henry M. Jackson.