For many Trump supporters the wealthiest cabinet ever is no problem — as long as he gets rid of the smart people.
Over the past several decades, the revolving door has seen bipartisan consensus among Republican and Democratic administrations — especially when it comes to hiring so-called experts from Wall Street.
If anything Republicans have been the worst offenders when it comes to hiring insiders to regulate their own industries and only progressive members of the Democratic Party like Sens. Elizabeth Warren and Sherrod Brown have consistently called out the entire practice as corrupt and unethical.
So it was amusing to hear right-wingers assail Clinton for essentially preaching what their own party has long practiced.
But of course 2016 was ostensibly different because the GOP’s presidential nominee wasn’t a standard establishment Republican.
Donald Trump was a ‘populist’ who would march on Washington like the strongmen of old and ‘drain the swamp’.
The tough-talking billionaire was going to throw out the elites in Washington and create a government that ‘put America first’ — or something like that.
Since winning the election of course Trump seems to have had a change of heart.
Rather than draining the swamp Trump has fully embraced the revolving door and has hired insiders from various industries to oversee regulation of their own industries.
If anything, Trump appears to be following his former opponent’s governing philosophy which purports that ‘the people that know the industry better than anybody are the people who work in the industry’.
What is particularly ironic about Trump’s swampy administration is that it is made up of — surprise! — top Goldman Sachs alums – including his Treasury nominee Steven Mnuchin – who was formerly a partner at the notorious Wall Street firm that Trump repeatedly bashed during his campaign.
On Wednesday Trump let loose another alligator in the swamp tapping Wall Street lawyer Jay Clayton to run the Securities and Exchange Commission.
As the Washington Post reported: ‘Clayton is a partner at Sullivan & Cromwell – a well-known law firm and has represented some of the biggest names on Wall Street – including Goldman Sachs and Barclays and helped them weather regulatory scrutiny’.
(op-ed:..i have been doing this whoar thing since 2005 – and one of my current minor delights is the ‘related-stories’ that pop up at the bottom of each new posting i do – showing me things i have long forgotten i wrote – and i thought i would draw your attention to this op-ed i did in may last year – at the height of when everyone was scoffing loudly at the very idea that trump would win – it turns out to have been somewhat prescient..)(ed:..this is a well-drawn telling of how we got to where we are now – but i don’t quite share the certitude of this writer that trump can’t win against clinton..(i see bernie sanders as the only certain defeater of trump..clinton not so much..)this uncertainty on my part re clinton is only exacerbated by trumps’ policy u-turns in the last 24 hrs..trump is now for higher taxes on the rich – and he is now for a $15 minimum wage..both total u-turns – both populist-driven – and both aimed directly at the clinton democratic base..trump is going to iron out the policy differences – so that he can bring the contest down to a her or me choice…and after the upcoming six months of mud being slung at clinton…i fail to see how she will not be looking grubby…(trump has so much material to use as weapons..)and i see it as far from a certainty that clinton will defeat trump..whereas bernie sanders has no mud to be thrown at him..and just fighting the battle on bernies’ vision vs. trumps’ ‘vision…will leave trump gasping in sanders’ wake..this is why bernie sanders must be the democrat party nominee..and not clinton – who only brings uncertainty on so many levels....and who may well be defeated by trump..(how bloody scary is that..?..eh..?..)