Remember during the presidential campaign when president-elect Donald Trump promised to “drain the swamp” that is Washington, D.C.?

I do, but what I don’t remember is when on the campaign trail he promised to put the foxes in charge of guarding the henhouse, but that’s exactly what he seems poised to do, as multiple reports have Trump naming former Goldman Sachs executive Steven Mnuchin as Treasury secretary.

President-elect Donald Trump is expected to name investor and former Goldman Sachs executive Steven Mnuchin as Treasury secretary, opting for an industry insider with no government experience to helm the agency that serves as the backbone of the nation’s financial system, according to people familiar with the matter.

Mnuchin joined Trump’s whirlwind campaign in May as finance chairman, despite the fact that he has never worked in politics and that he donated to Democrats in the past. He quickly earned Trump’s trust as he worked closely with the Republican National Committee to raise substantial amounts of money in a short period of time.

Mnuchin is the latest member of Trump’s top advisers to secure a high-level and influential post in the nascent administration, highlighting the importance the president-elect places on loyalty as he builds out his White House team. Last week, officials confirmed that industrialist billionaire Wilbur Ross would be nominated for Treasury secretary.

Mnuchin’s close ties to Wall Street could undermine Trump’s campaign promise to “drain the swamp” of special interests. Trump frequently lambasted big banks while on the stump – and Goldman Sachs in particular – and advocated the reinstatement of Glass-Steagall legislation that once separated retail and investment banks. In addition, Mnuchin’s involvement in the purchase in 2009 of a failed bank at the heart of the housing bust could create conflicts of interest down the road.

I hope all those folks who voted for “change” when they voted for Donald Trump are happy, because instead of a change agent they got a man who first and foremost will look out for folks like himself – the rich and entitled.

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3 Responses to Donald “drain the swamp” Trump to name Wall Street executive to head Treasury Department

  1. Cat Kin says:

    This is why we need experienced, professional marketing expertise 24/7 to get us out of this Republican-ALEC hole Democrats are in all across the USA. Looks like now Hillary Clinton was “set up” with those paid invitations to speak at Wall Street firms. And how about that umteenth Senate vote on abortion in the last trimester that Republicans brought up in the last weeks of the election. Then media pressure that got to the FBI on the Clinton campain manager and boyfriend Weiner’s emails. The public desperately needs strong Democratic leadership and participation in this country. We won’t do it without some professional marketing help. We’re too emotional and self centered

    • Dan says:

      ” Looks like now Hillary Clinton was “set up” with those paid invitations to speak at Wall Street firms.”

      What do you mean by set up?

  2. Cat Kin says:

    The Wall Street Republicans knew that Hillary taking money from Wall Street firms would reinforce the perception that she was an establishment candidate working for the rich. But the best strategy was that vote on restricting abortion in the last trimester. The evangelical and catholic vote would provide pulpit condemnation of Clinton no attack ad could match. Professional marketing expertise would have warned us about this. And it was much more damaging than the Pelosi fear of the FBI director’s comment on the last minute email controversy.

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