Trump’s cabinet isn’t as anti-Wall Street as voters might want to believe | Robert Reich

www.theguardian.com

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Trump’s cabinet isn’t as anti-Wall Street as voters might want to believe | Robert Reich

www.theguardian.com

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politics English • 15 hours ago

The man Trump has tapped as US treasury secretary was only recently derided by Elon Musk as the ‘business-as-usual choice’

Summary

Robert Reich argues that Wall Street, not political or institutional checks, will be the primary constraint on Donald Trump’s upcoming presidency.

While Trump’s cabinet includes disruptive figures like RFK Jr. and Pete Hegseth, his pick for Treasury Secretary, Scott Bessent, a hedge fund manager tied to Wall Street, signals an intent to reassure financial markets.

Wall Street’s fear of inflation and stock market instability could curb Trump’s tariff plans, despite their populist appeal.

Ultimately, Reich criticizes the reliance on markets, rather than democratic mechanisms, to limit Trump’s power.

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Trump has no goal other then self gratification and being the center of attention. Putin’s goal is to destabilize the US and he’s doing that by supporting Trump.

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