Now Mr. Trump has named a former Goldman executive and co-investor with Mr. Soros to spearhead his economic policy.
With Wednesday’s nomination of Steven Mnuchin, a Goldman trader turned hedge fund manager and Hollywood financier, to be Treasury secretary, a new economic leadership is taking shape in Washington.
Mr. Mnuchin will join Wilbur L. Ross Jr., a billionaire investor in distressed assets, who has been chosen to run the Commerce Department, and Todd Ricketts, owner of the Chicago Cubs, who has been picked to be deputy commerce secretary. All are superwealthy and to be overseen by the first billionaire president in United States history.
That two investors — Mr. Mnuchin and Mr. Ross — will occupy two major economic positions in the new administration is the most powerful signal yet that Mr. Trump plans to emphasize policies friendly to Wall Street, like tax cuts and a relaxation of regulation, in the early days of his administration.
While that approach has been cheered by investors (the stocks of Bank of America, Goldman Sachs and Morgan Stanley have been on a tear since the election), it stands in stark contrast to the populist campaign that Mr. Trump ran and the support he received from working-class voters across the country.
I’d have to say the Assange/Henwood Book of Hot Takes on Clinton’s Goldman Sachs speeches is more timely than ever!
It’s easy to make fun of the ordinary working class voters who pulled the lever for massive financial deregulation and upper-class tax cuts, but given that the media doesn’t report on policy they have an excuse. Pundits on the nominal left who argued with a straight face that Hillary Clinton was Wall Street’s candidate don’t.