There is always a lot of speculation about who will or will not be in the incoming administration after an election.
One of the names that was regularly tossed out there regarding Trump’s administration was John Paulson for Secretary of the Treasury.
That, however, will not be happening, as Paulson just withdrew his name.
I’m Gonna Pass
Paulson is major donor that has backed Trump as well as the head of the Paulson & Co. hedge fund.
Trump leans on him all the time for economic information, and Paulson has also appeared on news outlets backing Trump’s agenda.
Considering his experience and closeness to Trump, this appointment seemed like a slam dunk.
This week, however, Paulson told Trump’s transition team that he was not interested.
Paulson stated, “Although various media outlets have mentioned me as a candidate for Secretary of the Treasury, my complex financial obligations would prevent me from holding an official position in President Trump’s administration at this time.
“However, I intend to remain actively involved with the president’s economic team and helping in the implementation of President Trump’s outstanding policy proposals.”
Scott Bessent is now favored to get the nomination, but I believe that could be a problem.
Bessent founded the Key Square Group, which received an initial investment of $2 billion from George Soros.
As more investment money came into the account, Soros was returned his initial investment, but that is irrelevant here.
I have deep concerns about anyone who has ties to George Soros, especially if Soros was willing to offer $2 million for their startup.
As far as Trump’s other appointments have gone, Trump has done a fairly good job, but there are three appointments getting scrutinized right now.
That would be Rep. Matt Gaetz (R-FL) as attorney general, Pete Hegseth as Defense Secretary, and Governor Kristi Noem as DHS Secretary.
I suspect these three appointments will be the toughest to get through the Senate, especially Gaetz, even with the GOP having the majority.
