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Donald Trump Selects Billionaire Banking Shark Wilbur Ross as Commerce Secretary

<p>As reported by the <em>Washington Times<&sol;em> this Thursday&comma; President-elect Donald Trump has named another new face to his cabinet&colon; billionaire investor Wilbur Ross as Commerce Secretary&period;&nbsp&semi;<&sol;p>&NewLine;<p>Ross&comma; AKA the &ldquo&semi;king of bankruptcy&comma;&rdquo&semi; is a fan of Trump&rsquo&semi;s blunt tone and aggressive plans to reinvigorate the economy&period; <em>Forbes<&sol;em> estimates he is worth nearly &dollar;3 billion&period;&nbsp&semi;<&sol;p>&NewLine;<p>&ldquo&semi;Part of the reason why I&rsquo&semi;m supporting Trump is that I think we need a more radical&comma; new approach to government &&num;8211&semi; at least in the US &&num;8211&semi; from what we&rsquo&semi;ve had before&comma;&rdquo&semi; he told CNBC in June&period; Ross believes the middle class feels left behind in the current economy&period;&nbsp&semi;He is confident that Trump&rsquo&semi;s election signals a shift to a &ldquo&semi;less politically correct direction&period;&rdquo&semi; &nbsp&semi;<&sol;p>&NewLine;<p>Ross spent nearly two and a half decades working as a banker at Rothschild&comma; where he developed a &ldquo&semi;lucrative specialty in bankruptcy and corporate restructurings&comma;&rdquo&semi; reports the <em>Times<&sol;em>&period; He went on to found his own firm in 2000 and earned a significant part of his fortune by investing in struggling factories in the Midwest &ndash&semi; a region that supported Trump due to his promises to generate more manufacturing jobs and penalize companies for outsourcing jobs to other countries&period;&nbsp&semi;<&sol;p>&NewLine;<p>Ross is somewhat of a specialist in corporate turnarounds&comma; purchasing bankrupt companies at cheep prices and then attempting to cut costs and increase profits&period; His investments are generally lucrative&comma; but the investor has come under fire for altering pay and benefits for workers to generate profits&period;&nbsp&semi;<&sol;p>&NewLine;<p>His firm&comma; WL Ross&comma; has invested in nearly 200 companies since the year 2000&period;&nbsp&semi;<&sol;p>&NewLine;<p>Ross experienced bad publicity in 2006 when a coal mine he owned exploded&comma; killing 12 miners in Sago&comma; West Virginia&period; Federal safety inspectors discovered 208 violations during the ensuing investigation&period;&nbsp&semi;<&sol;p>&NewLine;<p>&ldquo&semi;Oh&comma; my God&comma; it&rsquo&semi;s the worst week of my entire life&comma;&rdquo&semi; he told ABC after the explosion&period; Ross told the press that he was aware of the safety violations but that the mine&rsquo&semi;s management team had insisted that the mine was &ldquo&semi;safe&period;&rdquo&semi;&nbsp&semi;<&sol;p>&NewLine;<p>As Commerce Secretary&comma; Ross will represent the interests of American business both at home and abroad&period; He will oversee an &dollar;8 billion budget and nearly 47&comma;000 employees&period; His department will aid Trump in his goal of protecting American workers and challenging the years of globalization that have buoyed multinational corporations while harming small businesses&period;&nbsp&semi;<&sol;p>&NewLine;<p>&ldquo&semi;What you are is ambassador to the world from America&comma;&rdquo&semi; explains former Commerce Secretary Donald Evans&period; &ldquo&semi;It&rsquo&semi;s critically important when you go to other countries that&comma; first and foremost&comma; you care about them&comma; the citizens of their country&period;&rdquo&semi;&nbsp&semi;<&sol;p>&NewLine;<p>This advice doesn&rsquo&semi;t sit well with Trump&rsquo&semi;s &ldquo&semi;America first&rdquo&semi; attitude&comma; and the President-elect has insisted that China&comma; Mexico&comma; and other countries have played the US for fools during trade negotiations&period;&nbsp&semi;<&sol;p>&NewLine;<p>&ldquo&semi;Under a Trump Administration&comma; no American citizen will ever again feel that their needs come second to the citizens of foreign countries&comma;&rdquo&semi; said Trump in April&period;<&sol;p>&NewLine;<p><strong>Editor&&num;8217&semi;s note&colon;<&sol;strong> Current Commerce Secretary Donald Evans has proven incompetent&comma; given the trade deals that have been negotiated&period; He cares too much about other peoples issues and not enough about American interests&period; &nbsp&semi;This is what is known as &&num;8220&semi;going native&&num;8221&semi; when empathy is with the wrong side&period;<&sol;p>&NewLine;<p>Ross will be a Trump stye businessman negotiating on behalf of our country&period; We were promised the best negotiators&comma; and Ross&&num;8217&semi;s experience in negotiating bankruptcies make him one of the world&&num;8217&semi;s toughest&period;&nbsp&semi;This man is a natural born shark&period;<&sol;p>&NewLine;<p>Now he is OUR shark&period;<&sol;p>&NewLine;

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