U.S. President Donald Trump said he wouldn’t want a poor person in charge of the economy, as he defended his cabinet, which is thought to be the wealthiest in the country’s history.
President Donald Trump defended his appointment of several billionaires—including the former President of Goldman Sachs—to his Cabinet and senior posts at a 2020 election campaign rally in Iowa Wednesday.
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“In those particular positions I just don’t want a poor person. Does that make sense?” Trump said during the rally in Cedar Rapids, Iowa, referring mainly to economic positions.
President Trump’s cabinet is more white and male than any cabinet since Ronald Reagan’s
Trump, himself a billionaire, went on to refer to Gary Cohn, his chief economic advisor. “This is the president of Goldman Sachs. Smart. Having him represent us, he went from massive paydays to peanuts, to little tiny … I’m waiting for them to accuse him of wanting that little amount of money. .
“These are people that are great, brilliant business minds, and that’s what we need, that’s what we have to have so the world doesn’t take advantage of us. We can’t have the world taking advantage of us any more. .
And I love all people, rich or poor, but in those particular positions I just don’t want a poor person. Does that make sense? If you insist I’ll do it but I like it better this way, right?” .
Trump has the richest Cabinet in history with a combined net worth of at least $13 billion. President Barack Obama’s Cabinet were worth far less, but still had net worths of millions of dollars each