Trump Explains Why He Appointed 'Rich' People To His Cabinet

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26 June, 2017

President Donald Trump on Wednesday night held a campaign-style rally in Iowa, where he congratulated the Republican winners of Tuesday's special elections in SC and Georgia.

And during a campaign rally in Cedar Rapids, Iowa, on Wednesday, he told voters why: Trump doesn't want poor people in his cabinet.

"Somebody said, 'Why'd you appoint rich person to be in charge of the economy, '" said Trump, a billionaire himself. It was classic campaign Trump throughout his more than hourlong stemwinder, decrying the "phony witch hunts going against me", hitting the "dishonest media", doubling down on his pledge to build a border wall and reliving his November victory.

"In those particular positions I just don't want a poor person". It makes sense. Let's see.

Though Trump noted that American farmers haven't been on a "level playing field", he also said that he selected men like former Goldman Sachs exec Gary Cohn for director of the National Economic Council and Wilbur Ross for Secretary of Commerce due to their status as "a rich person".

President Trump said Gov. Kim Reynolds and former governor Terry Branstad told him about health insurance companies leaving Iowa's Affordable Care Act exchange.

In 2010, Goldman agreed to pay $550m to settle civil fraud charges by the SEC of misleading buyers of mortgage-related securities.

Meanwhile, Wilbur Ross, a former investment banker at Rothschild & Co., helped Trump avoid bankruptcy in the early 1990s and saved his Taj Mahal casino hotel from collapse.

A fan doffs his hat as President Trump holds a rally with supporters at an arena in Iowa. I'm waiting for them to accuse him of wanting that little amount of money.

Mr Trump proceeded to appoint millionaires and billionaires to fill cabinet positions, making his administration the wealthiest in USA history.

The official said that Trump is aiming for a "total rewrite of our immigration system" that would produce a "merit-based system for entry".

Trump said "the time has come" for "new immigration rules" that would require those seeking admission to the country to be able to support themselves financially.

While stating that he likes the rich and poor alike, Trump noted that there were certain positions he did not want the poor to handle.


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