President-elect Settles on a Billionaire and Man with Few Qualifications Other Than His Work for One of the Banks Responsible for the 2008 Financial Crisis (and the Millions He Raised for the Trump Campaign)
WASHINGTON, D.C. – Today, following news that President-elect Donald Trump has selected Goldman Sachs alum Steven Mnuchin as his nominee for Treasury Secretary and billionaire investor Wilbur Ross, Jr. as his nominee for Commerce Secretary, Allied Progress released the following statement from its executive director, Karl Frisch:
“With his selection of former Goldman Sachs banker Steven Mnuchin to run Treasury and billionaire businessman Wilbur Ross to run Commerce, President-elect Trump has broken his promise to stop the ‘rigged’ system. He has instead sided with the Wall Street insiders, K Street lobbyists, and corrupt politicians that conspire to help each other rather than the hardworking men and women of this country.”
These were perhaps the President-elect’s two most important appointments dealing with the economy and he blew it. He had an opportunity to show America’s working class that he will be surrounding himself with serious, qualified men and women who will stand up to the establishment and the powerful special interests that have “rigged” the system. He did not.
Instead he picked a man who worked at Goldman Sachs – one of the banks responsible for the 2008 financial crisis — to run Treasury, the very government agency responsible for steering our country away from such economic disasters. Maybe the fact that Mnuchin raised millions of dollars for the Trump campaign was a more compelling qualification in the eyes of the President-elect.
Instead he picked a billionaire businessman to run Commerce. A man who thinks government needs to get out of the way so corporate America can police itself because government regulation hasn’t stopped big business from tanking our economy in the past so allowing the foxes to run the hen house makes perfect sense.
With each passing week, it is becoming clearer that President-elect Trump’s transition is being filled with the very establishment figures he railed against on the campaign trail. The K Street lobbyists. The Wall Street insiders. The corrupt self-dealing politicians. And he is either too weak or not interested in doing anything about it.”
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