Donald Trump Shocks Washington and GOP Moderates with Gaetz Pick
Author: Greg Valliere
November 14, 2024
SHOCK WAVES: Rarely in recent years has Washington been rocked like it was last night. The nomination of renegade Matt Gaetz to head the Justice Department shocked Washington and sets up a huge showdown between Donald Trump and GOP moderates. Trump is likely to lose a vote to confirm Gaetz.
Gaetz is not just a firebrand in the House; he’s recently been investigated for possible sexual misconduct, illegal drug use and accepting improper gifts.
The Justice Department did not charge him in an investigation involving inappropriate conduct with a minor last year, but an ally pleaded guilty and cooperated against him in the probe. And the House Ethics Committee in June expanded an inquiry into Gaetz.
Gaetz was subpoenaed by the House Ethics Committee as recently as September after he stopped voluntarily cooperating with its investigation.
Gaetz is not simply a controversial pick — considering his background, he is a signal that Trump is prepared to shake up the establishment, distracting the GOP from the president-elect’s own decisions.
And then there’s Tulsi Gabbard, who Trump nominated for Director of National Intelligence. In 2017, Gabbard met with accused war criminal and Syrian President Bashar al-Assad, later saying he is “not the enemy of the United States because Syria does not pose a direct threat to the United States.” She later called him a “brutal dictator.”
She has also made a series of extreme comments about foreign policy, including many favorable to Russia.
More tomorrow in this shocking turn of events . . .
The views expressed in this blog are provided as a general source of information based on information available as of the date of publication and should not be considered as personal investment advice or an offer or solicitation to buy and/or sell securities. Speculation or stated believes about future events, such as market or economic conditions, company or security performance, or other projections represent the beliefs of the author and do not necessarily represent the view of AGF, its subsidiaries or any of its affiliated companies, funds or investment strategies. Every effort has been made to ensure accuracy in these commentaries at the time of publication; however, accuracy cannot be guaranteed. Market conditions may change and AGF accepts no responsibility for individual investment decisions arising from the use of or reliance on the information contained herein. Any financial projections are based on the opinions of the author and should not be considered as a forecast. The forward looking statements and opinions may be affected by changing economic circumstances and are subject to a number of uncertainties that may cause actual results to differ materially from those contemplated in the forward looking statements. The information contained in this commentary is designed to provide you with general information related to the political and economic environment in the United States. It is not intended to be comprehensive investment advice applicable to the circumstances of the individual.
AGF Investments is a group of wholly owned subsidiaries of AGF Management Limited, a Canadian reporting issuer. The subsidiaries included in AGF Investments are AGF Investments Inc. (AGFI), AGF Investments America Inc. (AGFA), AGF Investments LLC (AGFUS) and AGF International Advisors Company Limited (AGFIA). AGFA and AGFUS are registered advisors in the U.S. AGFI is a registered as a portfolio manager across Canadian securities commissions. AGFIA is regulated by the Central Bank of Ireland and registered with the Australian Securities & Investments Commission. The subsidiaries that form AGF Investments manage a variety of mandates comprised of equity, fixed income and balanced assets.
About AGF Management Limited
Founded in 1957, AGF Management Limited (AGF) is an independent and globally diverse asset management firm. Our companies deliver excellence in investing in the public and private markets through three business lines: AGF Investments, AGF Capital Partners and AGF Private Wealth.
AGF brings a disciplined approach, focused on incorporating sound, responsible and sustainable corporate practices. The firm’s collective investment expertise, driven by its fundamental, quantitative and private investing capabilities, extends globally to a wide range of clients, from financial advisors and their clients to high-net worth and institutional investors including pension plans, corporate plans, sovereign wealth funds, endowments and foundations.
Headquartered in Toronto, Canada, AGF has investment operations and client servicing teams on the ground in North America and Europe. AGF serves more than 800,000 investors. AGF trades on the Toronto Stock Exchange under the symbol AGF.B.
For further information, please visit AGF.com.
©2024 AGF Management Limited. All rights reserved.
