Trump taps billionaire investor Ross for commerce secretary

We the people swindled again?

Bankers made the most from outsourcing, unfair trade, and globalism.

This banker profited directly from the broken factories in swing states that went to President Trump.

https://www.yahoo.com/news/trump-ta...s-commerce-secretary-085157339--election.html

 

It does seem that the entire administration will be compromised of billionaires.
Hopefully they were the best picks for the positions but likely they will make law that simply allows more money to flow to the 0.01 percent while poor and middle class Americans are stuck with the bill.

Time will tell

 

I could see a lot of uncertainties ahead,
when US corporates will be obliged to give jobs locally and forcibly.
Ross would be the exact juggernaut to do that and I think he is very apt with the task ahead.

 

Maybe he should have chosen a poor millennial?


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The disdain for those not born into times of opportunity aplenty is not surprising.

Back on topic, if Romney accepts, Ross would be the third member of generational wealth in Trump's cabinet. What ever happened to "anti-establishment'? It's looking more and more like dynasties are getting a firm grip on the government -- to preserve their interests. How quickly the common man, who gave him victory, is forgotten. But, it is not unexpected, since the top 1% is the GOP's base. How they continue to hoodwink people not in the top 1% to vote for them is, however, beyond me.

 

both Romney and Ross are still just speculation at this point

 

I don't know why anyone would find this surprising in any way,

Donald Trump is, was, and always will be for sale.

I expect the Trump Adminstration to be one of the most corrupt Administrations in American history.

 

And will still be defended by the usual suspects

 

I doubt the poor and middle class Americans will be worse off after being stuck with the bill for an extra $10 trillion in debt thanks to Obama.

But Trump won't be able to stop the debt implosion once the next recession starts. Obama allowed the interest rates to stay near zero to keep his debt bubble inflated. The Fed will have no ammo left when the next crisis hits. Then the poor and middle class really will be in a world of hurt.

 

I definitely don't like to see "banksters" in any of these positions. A CEO would have been a better choice. Hell, Sarah Palin would have been a better choice here, as far as that goes. But ultimately Trump is in control. His tax plans will provide the boost to commerce. We don't even need a Secretary of Commerce. This guy's job should be to put himself out of a job. Again, most of these cabinet positions are unnecessary.

 

In a surprise choice, Donald Trump spurned the rumored list of billionaires and millionaires and named Otis Rufus Leroy Smiff as his commerce secretary. Smiff's experience consists of 38 arrests, 13 convictions, and a total of 28 years in prison. When asked why he was chosen, Trump said, "Look, he was arrested 38 times and only convicted 13 times, meaning he beat the rap 25 times. That's quite a record." When Smiff was asked what his future plans as commerce secretary were, Smiff replied, "Gettin' me loads of free (*)(*)(*)(*)." Liberals seemed pleased with the choice, citing 'diversity' as their most important criteria.

 

i trust you, but still need to verify this as ronald reagan taught us during the cold war...

please offer a citation or valid reference where we can look this up.

 

I think having someone that is a billionare run commerce makes perfect sense.

You see, a (*)(*)(*)(*)ing democrat would have a socialist laywer run commerce - they would appoint a person that never had an honest free market job and knows nothing about free market economics run commerce.

This is called Trump being smart.

 

You're right, appointing people from the "establishment" and who benefits from globalization does make sense. Face it, you were lied to.

 

This is the third time I led a post with this - I voted for Hillary. He said many times that he was going to appoint who he feels were the most successful people in business he could get to run the executive branch. Business both benefit and are hampered by globalization. What do you want him to do appoint some lifelong bureaucrat or some academic that has never left the ivory tower but has nice models?

 

when you live in a house of cards, you want the house to stay standing..... Trump is realizing the truth of the situation now

.

 

Banks are not hampered by globalization, they are the leaders in globalization. This appointment will further advance globalization as well as advancing the "establishment". He has appointed from one of the main proponents of globalization. For the record, where have I said that this appointment is wrong? But remember the mantra - "we are voting for an anti-establishment candidate who will bring down globalization (paraphrase) - Trump supporters were lied to.

 

Yes time will tell, but it ain't looking good for CHANGE. But without some cooperation from our elites, FDR could not have changed America. Perhaps only the elites who understand what is broke, will put the nation above their own selfish interests and do the right thing? As you said, time will tell, yet I am not feeling good about his agents of change.

He is not who I voted for. But I will give him more than a fair chance to see what and who he is. I gave Obama 4 years, and I voted for him, once. He turned out to be another banking cabal/MNC shill, a neoliberal, reluctant neocon.

This should be a difficult presidency for trump, for he will have to take on two parties, both which will fight him on open borders free trade. For this is the policy, that has created what sanders and trump people were voting against.... the economy that impoverishes.

 

When did he say he was going to "bring down globilizaton" he has repeatably said he was for fair trade, not free trade.

 

maybe this billionaire has a change of heart in his old age and wants to do right for the people so i agree.

he made a lot of money from favoritism in laws that the rich like him lobbied for and purchased from government, but he appears like one of the good rich people who wants all Americans to share in the divine rights of kings as he did.

as long as he ends the things that made him rich at the expense of us instead of with us it will be good, like unfair trade, and the government printing money for the bankers.

 

Ross saved companies, and saved jobs while at it. The steel and textile companies he saved would have gone down without his help. Yes he made money at it, a lot of money, and that's because he brought the companies from bankruptcy to productivity. Would you rather lose your job than switch from a pension to 401K? That's basically what he did.

http://nymag.com/nymetro/news/bizfinance/columns/moneyandmind/10279/index1.html

His pick as Commerce Secretary seems like a smart choice, he has first hand experience in saving jobs.

 

Because Democrats are for, at best the top-20%. A turd is a turd sandwich. I don't necessarily mind if Trump fails, as long as I can keep my own brand intact that means I can accomplish my desires to create a true world power in this country.

 

when rich people save failing companies by firing workers it is called vulture capitalism, that is why mitt romney lost since that is how he got rich.

these manufacturing companies are failing from unfair trade, so this banker should not allow what made him rich.

 

What are you talking about? Ross didn't fire anyone, he pulled thousands of workers back from layoffs because he saved the companies they worked for.

 

You don't know what the establishment is do you?

NO you you appoint a (*)(*)(*)(*)ing lawyer to posts that involve economics - which explains our economy...