Sunday, January 15, 2017

Wilbur Ross - Commerce Secretary Nominee

Donald Trumps nominee for Secretary of Commerce is the epitome of corporate statism and a great admirer of Mao's Five Year Plans expressing his admiration in a CNBC interview.  When asked if that is something we should do here, "Yes," Ross responded, before lamenting our lack of an "industrial policy... We ought, as a country, to decide which industries are we going to really promote".

Ross' biggest complaint about Obama?  He is too laissez-faire. 

A former Chinese apologist, "“China has become the whipping boy in the U.S., just as Japan was some 15 years ago. This certainly is intellectually wrong.”, "Chinese currency is overvalued, not undervalued".  He was also one of the signatories of a letter in Huffington Post support the Trans Pacific Partnership: “Trade experts and economists agree that the TPP would be a catalyst for creating new jobs in the United States, attracting more foreign investment to this country, and benefitting American workers in a broad range of industries,”

He has since done an about face on China and the TPP, and became a registered Republican in November of 2016.  Perhaps he has seen the light, or perhaps he simply knows which side his bread is buttered on.

 What do you think?






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