Trump is expected to select Wilbur Ross, billionaire investor in distressed companies, as Secretary of Commerce.
That’s two billionaires in the cabinet. Will there be more?
In Ross, Trump has tapped a like-minded businessman who understands the prospects for both profit and peril in restoring American manufacturing. Ross built his fortune buying the distressed companies that were once at the heart of American industry — steel mills, coal mines and textile factories, to name a few — and then selling them in short order, making billions of dollars along the way.
Perhaps his signature investment was the purchase of some of the nation’s largest steel mills in the early 2000s, including Cleveland-based LTV Corp. and Pennsylvania’s Bethlehem Steel. The move was credited with saving manufacturing jobs, with the United Steelworkers calling Ross “a new ally” in news reports at the time.
Since then, however, many steel mills have shut down amid increased a glut of foreign production, much of it in China. Ross sold his steel conglomerate to what is now ArcerlorMittal in 2004 for about $4.5 billion.

Here’s an important article from brilliant linguist George Lakoff, for all to read who want to work for change in this new reality.
Help it go viral:
https://georgelakoff.com/2016/11/22/a-minority-president-why-the-polls-failed-and-what-the-majority-can-do/
Here’s the first paragraph. (The article is long but worth reading through – at least the bullet points…)
A Minority President: Why the Polls Failed, And What the Majority Can Do
November 22, 2016
By George Lakoff
in Political
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By George Lakoff
The American Majority
Hillary Clinton won the majority of votes in this year’s presidential election.
The loser, for the majority of voters, will now be a minority president-elect. Don’t let anyone forget it. Keep referring to Trump as the minority president, Mr. Minority and the overall Loser. Constant repetition, with discussion in the media and over social media, questions the legitimacy of the minority president to ignore the values of the majority. The majority, at the very least, needs to keep its values in the public eye and view the minority president’s action through majority American values.
The polls failed and the nation needs to know why. The pollsters and pundits have not given a satisfactory answer.
I will argue that the nature of mind is not a mere technical issue for the cognitive and brain sciences, but that it had everything to do with the outcome of the 2016 election — and the failure of the pollsters, the media, and Democrats to predict it. They were not alone. The public needs to understand better how the human mind works in general — but especially in politics. There is a lot to know. Let us go step by step.
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Trump’s likely to pick Todd Ricketts, the co-owner of the Chicago Cubs and a member of the powerful conservative Ricketts family, to be deputy secretary of commerce. I guess Todd is a billionaire in his own right. Talk about a billionaire boys/girls club. So when will he appoint one of the Waltons, Koch brothers, Broad, Dell, Icahn, Gates, etc. ad nauseam. Projectile vomit, cry, sob, wail, gnashing of teeth, repeat, rinse and hang out to dry. I predict a return of the vomitoriums (vomitoria). Please be sure to make reservations well in advance of your appointed puke day.
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Why would billionaires want a real job? Where they have to show up every day?
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While I don’t disagree this is reprehensible, I’m also not going to kid myself that Hillary wouldn’t have done the same. There was no clear choice this time. The question now is: how do we propose to counter them?
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James,
I promise you that Hillary would not have chosen anyone like Betsy DeVos.
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