SUBSCRIBE TO OUR FREE NEWSLETTER
Daily news & progressive opinion—funded by the people, not the corporations—delivered straight to your inbox.
5
#000000
#FFFFFF
5
#000000
#FFFFFF
howard lutnick
Lutnick Urging Fox Viewers to Buy Tesla Stock Decried as 'Abuse of Power for Personal and Family Gain'
One critic noted that the billionaire commerce secretary "conveniently forgot to mention his family business empire holds nearly $840 million in the company" led by government-gutting Elon Musk.
Mar 20, 2025
"Buy Tesla. It's unbelievable that this guy's stock is this cheap. It'll never be this cheap again... Who wouldn't invest in Elon Musk?"
That's what U.S. President Donald Trump's billionaire commerce secretary, Howard Lutnick, told viewers of Fox News' "Jesse Watters Primetime" on Wednesday—comments that watchdog groups swiftly condemned as unethical and illegal.
In addition to serving as CEO of companies including electric vehicle maker Tesla, Musk heads Trump's Department of Government Efficiency, which is leading the administration's sweeping attack on the federal bureaucracy. Musk is also the richest person on Earth, with an estimated net worth of $310-327.5 billion, some of which he put toward electing the Republican president
Earlier this month, Trump hosted a Tesla car show at the White House. His and Lutnick's stunts come as the company faces protests over Musk's work for the administration. Axiosreported that "Tesla shares were down about 1.7% in premarket trading Thursday to $231.75. The stock is down 5% in the last five days, 35% in the last month, and 42% so far this year."
The commerce secretary not only urged Fox's audience to invest in Tesla, he also heaped praise on Musk, calling him "probably the best entrepreneur, the best technologist, the best leader of any set of companies in America."
Responding to Lutnick's remarks in a Thursday statement, Kedric Payne, vice president, general counsel, and senior director for ethics at Campaign Legal Center, said that "the president's Cabinet members take an oath to serve the American people, and with that oath comes the ability and privilege to exercise a vast amount of power."
"Such power is intended to promote the public interest," Payne continued, stressing that officials like the commerce leader are "legally barred" from promoting their personal business interests. "Secretary Lutnick's actions violate the ethics rules that were enacted to hold public officials accountable to the American people. His statement is part of a pattern of behavior showing that Trump's indifference to ethics is trickling down to his most senior officials."
"The American people deserve a government that prioritizes public good," he added. "Most people will conclude that promoting a stock is not tied to any public good and ethics laws agree. The Office of Government Ethics and Commerce ethics officials should hold Lutnick accountable and reassure the public that their officials will face consequences if they use their public office to enrich themselves or their allies."
Tony Carrk, executive director of the watchdog Accountable.US, not only criticized Lutnick's remarks but also highlighted how the Cabinet member could benefit from them, declaring that "this is what abuse of power for personal and family gain looks like."
"When the billionaire commerce secretary used the Trump administration bully pulpit to try to rocket Tesla stock value, he conveniently forgot to mention his family business empire holds nearly $840 million in the company," Carrk explained. "While Secretary Lutnick is busy making TV appearances in a government capacity to potentially enrich his family business and his close ally Elon Musk, the rollercoaster Trump tariff policies he helped orchestrate are doing little to lower costs for working people—in fact quite the opposite."
Asked about Lutnick's comments on Thursday, White House Press Secretary Karoline Leavitt said, "I think the commerce secretary was reiterating that the president supports an American-made company like Tesla, who produces a very good product for the American people, which was beloved by the American people, particularly Democrats, until Elon Musk decided to vote for Donald Trump."
"And now we have seen despicable and unacceptable violence taking place across our country at Telsa dealerships, against workers, employees, and also innocent Americans who drive these vehicles," she added. "It's actually a scary time in our country because of this political violence from the left, and the White House and the president's entire administration condemn it wholeheartedly."
As outrage over the Trump administration's promotion of Musk's company mounted on Thursday, the National Highway Traffic Safety Administration
recalled more than 46,000 of Tesla's Cybertrucks—or nearly all of them on U.S. roads—due to concerns about an exterior panel that can detach while driving, creating safety problems.
Keep ReadingShow Less
Analysis Details How Trump's Circle Could Be Profiting From White House Crypto Policies
"While working people keep waiting for a single specific policy from the president to deal with exploding costs, his administration instead hatched an official crypto policy scheme that could conveniently enrich many top Trump officials," said one watchdog.
Mar 14, 2025
Last week, U.S. President Donald Trump signed an executive order creating both a "Strategic Bitcoin Reserve" and a "Digital Asset Stockpile" —his latest move to elevate and industry that he has a personal stake in. But the president is not the only person in the Trump administration who has ties to crypto, and a new analysis from the watchdog group Accountable.US details how some in Trump's orbit may have benefited or could benefit from this new crypto rollout.
"While working people keep waiting for a single specific policy from the president to deal with exploding costs, his administration instead hatched an official crypto policy scheme that could conveniently enrich many top Trump officials," wrote Accountable.US executive director Tony Carrk in a statement published Thursday.
U.S. Commerce Secretary Howard Lutnick, who has been involved in Trump's crypto efforts, has links to the firm Strategy, the biggest corporate holder of Bitcoin, through the financial firm he led for four decades, according to Accountable.US
After being confirmed as Secretary of Commerce, Lutnick handed over the reins of his firm, Cantor Fitzgerald, to his two sons, but Bloombergreporting from November cast Lutnick as an "executive whose grip on his various businesses is bolted tight."
U.S. Securities and Exchange Commission filings retrieved by Accountable.US show that Cantor Fitzgerald recently invested $1.58 billion in Strategy (formerly known as MicroStrategy). It's not clear whether Lutnick personally holds crypto assets, according to CNN, and Lutnick has agreed to divest his business interests.
Market analysts say that because of its Bitcoin holdings, Strategy is poised to be a major beneficiary of Trump's crypto reserve plan.
Also, Cantor Fitzgerald will be expanding its "Bitcoin financing services in the wake of Trump administration changes," according to Bitcoin Magazine.
Lutnick's involvement with Trump's crypto policy and ties to Cantor Fitzgerald might raise eyebrows, but so may other crypto holdings by cabinet secretaries detailed by Accountable.US's analysis.
Treasury Secretary Sean Duffy, Defense Secretary Pete Hegseth, Health and Human Services Secretary Robert F. Kennedy Jr., and Trump's nominee to lead the Centers for Medicare and Medicaid Services—Mehmet Oz—have collectively disclosed up to $7.7 million in holdings in Bitcoin, Ether, and Solana, according to Accountable.US.
Ether and Solana, in addition to Bitcoin, are coins that Trump has said would be in his "digital asset stockpile."
These four officials did not say they would divest these assets in ethics agreements they filed with the federal government, per Accountable.US, and may have benefited from the bump that crypto received following Trump's crypto reserve announcement.
The rise in value those currencies experienced after Trump posted about his crypto reserve on Truth Social on March 2 possibly helped their investments grow from a maximum of $7.7 million to over $8.5 million, according to Accountable.US.
Additionally, Treasury Secretary Scott Bessent, Director of National Intelligence Tulsi Gabbard, and Deputy Attorney General nominee Todd Blanche—who have said they will divest up to $1 million in crypto investments, but have yet to file certifications proving those divestments, according to the watchdog—could have seen their investments in "related cryptocurrencies" swell by a maximum of roughly $125,000 after Trump's post on Truth Social.
Keep ReadingShow Less
Trump’s Cabinet of Planet-Wreckers Are Destroying What They’ve Sworn to Protect
In just one month, the only demonstrated deference of Zeldin, Burgum, Wright, Duffy, and Lutnick is to President Trump’s mantra of “drill, baby, drill” and the deregulation of toxic industries.
Mar 08, 2025
Lee Zeldin was full of pablum in his January Senate confirmation hearing to run the Environmental Protection Agency, or EPA. A former member of Congress from Long Island, New York, with scant regulatory experience, Zeldin promised to “defer to the research of the scientists” on whether climate change made oceans more acidic. In even more laudatory language, he said he would “defer to the talented scientists,” on whether Earth had hit thresholds for runaway climate change.
He said he “would welcome an opportunity to read through all the science and research” on pesticides and search for “common sense, pragmatic solutions” on environmental issues. Claiming there was “no dollar large or small that can influence the decisions that I make,” Zeldin went so far as to say, “It is my job to stay up at night, to lose sleep at night, to make sure that we are making our air and our water cleaner.”
It was all a lie. Last week, U.S. President Donald Trump said Zeldin was considering firing 65% of EPA’s staff, which would amount to nearly 10,000 of the agency’s 15,000 workers. The White House later issued a clarification—as if it made any difference—that Zeldin was “committed” to slashing 65% of the agency’s budget. The EPA issued a statement saying President Trump and Secretary Zeldin “are in lockstep.”
When Lee Zeldin promised at his confirmation hearing that he would “defer” to talented scientists on climate change data, it was a mere six days after NOAA and many other weather agencies around the world confirmed that Earth had its hottest year yet in 2024.
Also last week, the news broke that Zeldin is urging the White House to strike down the 2009 EPA finding that global warming gases endanger public health and the environment. That finding, made under the Obama administration, girded federal efforts to reduce vehicle and industrial emissions. The finding, long a legal target for climate deniers, has so far held up, even in an ultra-conservative Supreme Court, but that has not stopped the administration from attacking it. Project 2025, the blueprint organized by the Heritage Foundation to guide this White House, calls for an “update” to the endangerment finding. Leading climate denier and former Trump transition adviser Steve Milloy toldThe Associated Press last week that without the finding, “everything EPA does on climate goes away.”
This is after Zeldin told senators in written answers for his confirmation that he planned to “learn from EPA career staff about the current state of the science on greenhouse gas emissions and follow all legal requirements.” Instead, Zeldin has scientists in a state of bewilderment. In one fell month, he has every employee looking over their shoulder, fearing the dismissal of their work or the tap of outright dismissal.
Zeldin’s latest “lockstep” actions cap an already-breathtaking first month in running the EPA.
He has launched an illegal effort to claw back $20 billion in EPA clean energy funding significantly targeted for disadvantaged communities. He placed nearly 170 workers in the office of Environmental Justice on administrative leave and oversaw the firing of about 400 probationary staff (although some have momentarily been brought back after public outcry).
Zeldin has begun a rollback of Biden administration energy efficiency and water conservation regulations for home appliances and fixtures, and is asking Congress to repeal waivers for California to phase out new, gasoline-only vehicle sales and stricter emissions standards for heavy-duty trucks. Many other states in recent years have decided they would follow California’s standards, as they are allowed to under the Clean Air Act. Combined, these states add up to 40% of the automobile market in the United States.
There are surely many more attempts to come that will turn back the clock on environmental protection.
An EPA Led by Industry Apologists
Zeldin’s EPA includes a rogue’s gallery from President Trump’s first term.
Returning to the EPA in top spots for chemical regulation are Nancy Beck and Lynn Dekleva. Both formerly served on the American Chemistry Council, the top lobbying arm of chemical manufacturers, and Dekleva spent more than three decades at DuPont, one of the most notorious companies for burying the dangers of PFAS.
In the first Trump administration, Beck was at the center of the suppression on science to resist the most stringent regulation or bans on carcinogenic chemicals such as trichloroethylene, PFAS, methylene chloride, and asbestos. She was also reported to have helped in burying the strongest possible health and safety guidelines to help communities reopen during the height of the Covid-19 pandemic. Dekleva was accused during her first stint in President Trump’s EPA of pressuring employees to approve new chemicals and colluding with industry to weaken the Toxic Substances Control Act.
The nominee to be Zeldin’s assistant administrator, David Fotouhi, is another returnee who was at the center of the first Trump administration’s efforts to strip wetlands protections. When not inside the EPA, Fotouhi has a long record defending industries in legal battles over standards or contamination lawsuits about toxic chemicals, such as asbestos, PFAS, PCBs, and coal ash.
Holding high-level positions in the Office of Air and Radiation are Abigale Tardif and Alex Dominguez. Tardif lobbied for the oil and petrochemical industry and was a policy analyst for the Koch-funded network Americans for Prosperity. Dominguez lobbied for the American Petroleum Institute, which opposed the vehicle pollution standards of the Biden administration.
Aaron Szabo has been nominated to be assistant secretary for Air and Radiation. Szabo was a contributing consultant to the Project 2025 chapter on the EPA that recommends sharply curtailing the agency’s monitoring of global warming gases and other pollutants and eliminating the Office for Environmental Justice and External Civil Rights.
Other recent EPA appointees who also contributed to Project 2025 (which President Trump disavowed during the presidential campaign) are Scott Mason and Justin Schwab. Steven Cook, a former lobbyist for plastics, chemicals, and oil refining, and another veteran of the first Trump administration, is also returning.
Zeldin may be inexperienced at regulation, but none of the above are. Kyle Danish, a partner at Van Ness Feldman, a consulting firm for energy clients, toldThe New York Times, “This group is arriving with more expertise in deploying the machinery of the agency, including to unravel regulations from the prior administration. They all look like they graduated one level from what they did in the first Trump administration.”
Same Playbook at Other Agencies
Other agencies responsible for addressing climate change pollution have also quickly deployed the machinery of environmental destruction.
Transportation Secretary Sean Duffy issued a memorandum ordering a review of the fuel economy standards of the Biden administration, claiming without evidence that the standards would destroy “thousands” of jobs and “force the electrification” of the nation’s auto fleets. This is despite the agency’s own analysis showing the rules would save consumers $23 billion in fuel costs and result in annual health costs benefits of $13 billion from reduced air pollution.
Secretary Duffy also issued a memorandum canceling the Department of Transportation’s plans to address environmental justice in low-income populations and communities of color, climate change, and resilience polices for department assets and the department’s Equity Council. Again, no facts were offered as to why communities disproportionately beset with pollution and pollution-related diseases should be excluded from protection. He was just following President Trump’s Orwellian executive order that aims to wipe any consideration of race, gender, climate, equity, and disproportionate impacts from federal programs.
Over in the Interior Department, Secretary Doug Burgum issued a memorandum directing all his assistant secretaries to provide action plans that “suspend, revise, or rescind” more than two dozen regulations. The obvious goal is to plunder more public land and water for private profit for the fossil fuel and mining industries. Many of those regulations to be revised or killed involve endangered wildlife and plants; landscape and conservation health; the Migratory Bird Treaty; and accounting for the benefits to public health, property, and agriculture of reducing climate-related pollution.
In a recent interview on Fox News, Secretary Burgum said he was “completely embracing” the massive shrinking of the federal workforce by the Department of Government Efficiency, a cruel act that means he is just fine with DOGE’s 2,000 job cuts at Interior, including 1,000 in the chronically understaffed National Park Service, which has a $23.3 billion backlog for deferred maintenance.
Climate Mockery at Department of Energy
And then we have the reported layoff of between 1,200 and 2,000 workers at the Energy Department, now run by Chris Wright, a former CEO of one of the nation’s largest fracking companies. In President Trump’s Cabinet, Secretary Wright is the most blunt in dismissing the effects of the climate crisis. In 2023, he said the “the hype over wildfires is just hype to justify” climate policies. He said, “There is no climate crisis, and we’re not in the midst of an energy transition.”
He has doubled down on his rhetoric during his first month in office. Wright told a conservative policy conference in February—without evidence—that net zero goals for carbon emissions by 2050 were “sinister” and “lunacy.” Wright also went on Fox Business in February to say that climate change is “nowhere near the world’s biggest problem today, not even close.”
Despite all the evidence already unfolding that climate change is a factor in the increasing number of billion-dollar weather disasters in the U.S., and despite a major 2023 study projecting that 5 million lives a year could be saved around the world by phasing out fossil fuels and their pollution, Wright said a warmer planet with more carbon dioxide is “better for growing plants.” Never mind the communities living in the crosshairs of contamination and climate catastrophe or conservationists who are concerned anew about endangered species.
Wright spent his first month in office postponing Biden-era energy efficiency standards for home appliances, claiming without evidence that they have “diminished the quality” of them. His office announced the canceling of $124 million in contracts, many of them connected to diversity, inclusion, and equity initiatives. He said those contracts were “adding nothing of value to the American people.” When asked if he wanted fossil fuels to “come back big time,” Wright responded, “Absolutely.”
Behind the Pablum of Confirmation Hearings Was an Iron Fist
And over in the Commerce Department, the 6,700 scientists and 12,000 staffers at the National Oceanic and Atmospheric Administration (NOAA) are reeling from the recent first wave of hundreds of layoffs. Many more job losses are threatened, with sources telling major media outlets that the Trump administration and new Secretary Howard Lutnick are considering a 50% cut in staff and a 30% cut in the agency’s budget.
It is irrelevant to the Trump administration that NOAA is a bedrock agency that protects the public with its real-time tracking of dangerous storms. It is at the center of long-term federal analysis on climate, the toll in property and life of global warming, the health of our oceans, and the state of our fisheries. Instead of being placed on a pedestal for this central role, NOAA is as much a bullseye for polluters and plunderers as the EPA. Project 2025 calls for the breaking up of NOAA because it “has become one of the main drivers of the climate change alarm industry and, as such, is harmful to future U.S. prosperity.”
Lutnick, a billionaire Wall Street financier, told senators in his January confirmation hearing that he had “no interest” in dismantling NOAA. The firings suggest the dismantling has begun.
When Lee Zeldin promised at his confirmation hearing that he would “defer” to talented scientists on climate change data, it was a mere six days after NOAA and many other weather agencies around the world confirmed that Earth had its hottest year yet in 2024. That was obviously lost on him. In just one month, the only demonstrated deference of Zeldin, Burgum, Wright, Duffy, and Lutnick is to President Trump’s mantra of “drill, baby, drill” and the deregulation of toxic industries.
Left in the wake are demonized and demoralized federal scientists.
In his address to Congress this week, President Trump boasted about ending “environmental restrictions that were making our country far less safe and totally unaffordable.” Hopefully it will not be one hurricane, one contamination, or one disappearing species too many to realize we cannot afford to be without those scientists. We will be far less safe without them.
Keep ReadingShow Less
Most Popular