The Progressive


A project of Common Dreams

For Immediate Release
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Corporate Predator Carl Icahn Threatens More Job-Killing Deregulatory Disasters

Statement of Robert Weissman, President, Public Citizen


President-elect Donald Trump has picked billionaire investor Carl Icahn to be special adviser on regulatory affairs. According to press reports, he will be advising the president in his individual capacity and will not be serving as a federal employee.

Statement of Robert Weissman, President, Public Citizen:

Donald Trump has selected a man who epitomizes predatory corporate capitalism to lead his deregulatory charge. In accepting the designation, Icahn cites fanciful and false claims about the cost of regulation, while failing to acknowledge regulatory benefits, which include preventing consumer rip-offs, protecting the air and water, making our food and water safer, and much more.

It's precious to hear talk about protecting jobs from the corporate raider famous for actions that cost thousands of workers their jobs.

If Carl Icahn is going to advise Trump on regulation, he would do well to revisit how Wall Street deregulation led directly to the 2008 financial crash and the Great Recession. These are facts he must know well from personal experience, and which show how regulation is vital to limit corporate abuses, ensure financial stability and preserve jobs.

Public Citizen is a nonprofit consumer advocacy organization that champions the public interest in the halls of power. We defend democracy, resist corporate power and work to ensure that government works for the people - not for big corporations. Founded in 1971, we now have 500,000 members and supporters throughout the country.

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