Among President-elect Donald J. Trump’s new best friends is Wall Street. Trump has chosen Goldman Sachsers Steven Mnuchin for secretary of Treasury and Wilbur Ross for Commerce. Remember when Trump was the flip side of Bernie Sanders’ “Wall Street bad” mantra. Uh-huh.
Now some libs are gleeful at what they see as Trumpet’s betrayal of the Rust Belters. But having shared the desperation of the jobless, I find schadenfreude to be a useless emotion.
Besides, are we really surprised? The rich gravitate to the rich the way the beautiful marry the handsome, PhDs congregate and healthy people avoid the sick. (Because they might be contagious, don’t you know.)
Anyhoo, I’m not among those who are too excised – that means you, Sen. Elizabeth Warren – about Wall Streeters in the cabinet. Presidents always appoint people from the Street, because, let’s face it, very few commanders in chiefknow anything about money. That’s why George Washington tapped Alexander Hamilton for first secretary of the Treasury. You need the guy – or gal – who knows, as Hamilton did, that “Power without revenue is a mere bauble.” ...
Read More