Wednesday, 20 February, 2019

'I just don't want a poor person' in Cabinet economic jobs

'I just don't want a poor person' in Cabinet economic jobs 'I just don't want a poor person' in Cabinet economic jobs
Stacy Diaz | 29 June, 2017, 09:06

Donald Trump has said he doesn't want "a poor person" running the U.S. economy and has defended his decision to appoint wealthy individuals to his cabinet. "Does that make sense?" he added.

Gary Cohn, the former president and COO of Goldman Sachs, is now Trump's chief economic adviser and director of the National Economic Council.

Trump picked billionaire Wilbur Ross, who made a fortune buying up distressed companies, as commerce secretary and appointed Todd Ricketts, a member of the billionaire family that owns the Chicago Cubs, as his deputy.

So Mr Trump's declaration that he wouldn't appoint a poor person to a cabinet position has raised eyebrows. "T$3 hat's the kind of thinking we want", Trump argued. There they will tour the largest two-year agriculture program in the country, and Trump will give remarks.

Trump has what appears to be the wealthiest Cabinet in modern USA history, a collection of elites that includes a billionaire heiress, Exxon Mobil's CEO, a former Goldman Sachs partner and an investor who made millions off underwater mortgages during the financial crisis.

" Having him represent us, he went from massive paydays to peanuts", he said of Cohn, who walked away from Goldman Sachs with a payout of about $285 million.

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"All we do is win, win, win", Trump told the crowd. "It doesn't mean you understand the lives that most Americans are living", Markey said on CNN's "Newsroom" Thursday morning. "They gave up a lot".

It was an unscripted peek into Trump-brand populism: rich people should be seen as smart, Wall Street insiders should be seen as capable, Goldman Sachs must be synonymous with expertise, and it's best to be skeptical of poor people.

Although it noted that Trump maintains the support of some of those who voted for him, the letter chastised the president for coming to Iowa primarily to hold a campaign rally.