Secretary of the Treasury nominee Steven Mnuchin summed up President Barack Obama’s economic legacy in one sentence.
Sen. Maria Cantwell was pressing him on what he and President-elect Donald Trump intend to do to prevent the next major economic crisis.
“What is the tax policy that president-elect and you are going to pursue that is going to help restore them from that major implosion and protect them from this ever happening again?” she asked.
“I absolutely understand why he [Donald Trump] got elected,” Mnuchin told Cantwell at his Thursday Senate confirmation hearing. “The average American worker has gone nowhere. The unemployment rate is not real. The average American worker has gone nowhere.”
“That’s why I’ve been willing to sell all my investments, OK,” he continued. “I’ve been willing to give up my businesses. My desire is to work for the American people to create a better economy, and I understand that. I’ve traveled for the last year. I’ve seen this, and the president-elect understands that very clearly.”
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