November 30, 2016
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4:01Now PlayingWhen you’re planning to bankrupt the country, it’s best to bring in the professionals. Cenk Uygur and Ana Kasparian, hosts of The Young Turks, break it down. Tell us what you think in the comment section below.
"President-elect Donald J. Trump is expected to select as commerce secretary Wilbur Ross, a billionaire investor who became known as the “king of bankruptcy” for buying, restructuring and selling off steel makers and other fading industrial companies, officials on the transition team said on Thursday.
After choosing national security hard-liners for some of his earliest appointments, Mr. Trump is now turning to a group of ultrawealthy conservatives to help steer administration policy.
In addition to Mr. Ross, a generous contributor to his campaign, Mr. Trump is likely to choose Todd Ricketts, a Republican megadonor who is an owner of the Chicago Cubs and whose father founded TD Ameritrade, to be the deputy commerce secretary, the officials said. And on Wednesday, Mr. Trump said he would name Betsy DeVos, a school choice activist and Republican fund-raiser, as his education secretary.
Mr. Ross, 78, an economic adviser to Mr. Trump’s campaign whose fortune is estimated by Forbes to be $2.9 billion, is aligned with Mr. Trump on trade. He says the United States must free itself from the “bondage” of “bad trade agreements,” and he has advocated threats of steep tariffs on Chinese goods. Mr. Ross, the chairman of the private equity firm WL Ross & Company, has also pressed for cutting the corporate tax rate to 15 percent, from 35 percent, and reducing taxes and regulations on energy companies.
During the general election, he hosted at least one fund-raiser for Mr. Trump at his home in the Hamptons. There, Mr. Trump, who at the time was pondering his choice for a running mate, turned his deliberations into a party game, soliciting opinions from the donors in attendance.”*
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Hosts: Cenk Uygur, Ana Kasparian
Cast: Cenk Uygur, Ana Kasparian
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The Largest Online News Show in the World. Hosted by Cenk Uygur and Ana Kasparian. LIVE STREAMING weekdays 68pm ET.
Young Turk (n), 1. Young progressive or insurgent member of an institution, movement, or political party. 2. Young person who rebels against authority or societal expectations. (American Heritage Dictionary)
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