The CEO council 45* tasked with revitalizing the American economy is rapidly fleeing the administration, following his disastrous Tuesday press conference.

An off-the-record source apparently told Bloomberg that Blackstone Group LP CEO Stephen Schwarzman, who chairs the Strategy & Policy Forum, was planning to privately inform 45 that the council would be shutting down, prior to a public announcement by the group itself. On Wednesday afternoon, shortly after the news broke, 45 attempted to save face by claiming on his Twitter account that he was disbanding both the Manufacturers’ Council and the Strategy & Policy Forum.

All of this means that the CEO council is officially disbanding after a relatively short eight-month stint advising the White House on matters relating to private sector job growth. The council all but collapsed following a Tuesday press conference from Trump Tower, in which 45 doubled down on his assessment that there were “very fine people on both sides,” lumping in non-violent counter-protesters and clergy members with white supremacists who told reporters “a lot more people are going to die” before their work was done.

In the days immediately following 45’s initial statements claiming that the violence in Charlottesville that left 3 dead and 19 injured should be lain at the feet of people on “many sides,” eight members of the Manufacturers’ Council officially resigned from the commission, with 45 taunting those who left on Twitter by promising to quickly appoint more CEOs to replace them:

The CEO council was assembled shortly after 45’s election, with then-President-elect 45 proclaiming that his White House would be “committed to drawing on private sector expertise and cutting the government red tape that is holding back our businesses from hiring, innovating, and expanding right here in America.”

The first business executives to begin the exodus were Tesla CEO Elon Musk and Disney CEO Bob Iger both leaving in direct response to 45 quitting the Paris climate accords that former President Barack Obama committed the United States to in 2015.

(*EDITOR’S NOTE: GritPost.com is now exclusively referring to Donald Trump as “45.” Please read our official statement on Twitter explaining the decision.)

 

Matthew P. Robbins is an economics reporter for Grit Post covering wages, budgets, and taxes. He lives in Chicago, Illinois with his husband and two cats. 

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