President-elect Donald Trump got down to the business of running this economy last week with the cabinet appointments Steve Mnuchin for treasury secretary and Wilbur Ross for commerce secretary.
Two very savvy, experienced business leaders who have each had tremendous success throughout their careers, both are famously hardworking types, and neither has worked in Washington, DC, before.
That’s the key. Both men made fortunes outside of government, and now they will give back in the best tradition of the Founders. No career politicians here.
The extremely accomplished Mnuchin, 53, who rescued a troubled bank after the 2008 financial crisis, is a hedge fund manager and was formerly a high-ranking Goldman Sachs partner.
Sounds like the résumé of a highly qualified individual. He has worked with Ross, Lawrence Kudlow and Stephen Moore in crafting Trump’s economic and tax plan.
As expected, the far-left politicians like Sens. Elizabeth Warren (D-Mass.) and Bernie Sanders (D-Vt.) have gone on Twitter rants that might make even Trump blush.
The naysayers don’t like the fact that Mnuchin worked on Wall Street and was successful, or that he comes to the job with a strong background — and an actual plan to get this stagnant economy rolling once and for all.
Current treasury chief Jack Lew is by all accounts a nice enough guy, but he’s been in politics his whole life except for a very short ceremonial stint at Citibank, and he is unsuccessful at alleviating market tensions and delivering prosperity.
While making the rounds this week after his selection, Mnuchin discussed lower corporate and personal tax rates as well as the goal of crafting 3 percent to 4 percent economic growth and fixing Dodd-Frank to enable banks to lend again.
And that should be great for Main Street, because the last eight years sure haven’t been.