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Quote of the Day

October 13, 2017 at 7:14 am EDT By Taegan Goddard Leave a Comment

“It’s the Congress. That’s where the flaw comes. You can do whatever you want in the administration. Congress is much more about process than about results. That will be tragic for the American economy.”

— Commerce Secretary Wilbur Ross, interviewed by Newsmax.

Filed Under: Economy Tagged With: Wilbur Ross

Ross Focused on Cutting Back Regulations

March 3, 2017 at 1:24 pm EST By Taegan Goddard Leave a Comment

Commerce Secretary Wilbur Ross said that he and others on the economic team of President Donald Trump “are up to our eyeballs” in their search for government regulations to be undone, Politico reports.

Said Ross: “So it’s a lot to do there. I think that will be one of the most fruitful areas that the administration can attack quickly.”

Filed Under: Economy Tagged With: Wilbur Ross

Ross Plans to Keep Stakes In 11 Companies

February 13, 2017 at 9:59 am EST By Taegan Goddard Leave a Comment

“Wilbur Ross Jr. plans to keep millions of dollars invested in offshore entities whose values could be affected by policies that he implements as commerce secretary,” the Wall Street Journal reports.

“Mr. Ross, the 79-year-old private-equity billionaire whom President Donald Trump has nominated to run the Commerce Department, has said that if he is confirmed, he will sell at least 80 business assets and investment funds over the next several months. But he plans to hold on to investments in an oil-tanker company and 10 other entities that invest in shipping and real-estate financing… It isn’t clear why Mr. Ross is retaining these 11 assets.”

Filed Under: White House Tagged With: Wilbur Ross


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Trump’s Commerce Pick Once Supported TPP

December 2, 2016 at 11:30 am EST By Taegan Goddard Leave a Comment

“Wilbur Ross, Donald Trump’s pick to be Commerce secretary, signed a letter in support of the Trans-Pacific Partnership trade deal in 2015,” CNN reports.

“Since then, Ross has emerged as a vocal critic of trade deals… Ross has made other statements in conflict with Donald Trump in recent years, including the assertion jobs would never come back to the United States from China.”

Filed Under: Trump Transition Tagged With: Wilbur Ross

Ross Tapped as Commerce Secretary

November 29, 2016 at 6:28 pm EST By Taegan Goddard Leave a Comment

Donald Trump will name Wilbur Ross as commerce secretary, the Wall Street Journal reports.

“For some, the 79-year-old New Jersey native was nothing short of a savior of the steel industry–someone willing to risk his money to save thousands of jobs. For others, he was a vulture who cut jobs and pensions, and forced pain on a once-proud industry.”

Filed Under: Trump Transition Tagged With: Wilbur Ross

Trump Expected to Tap Ross for Commerce

November 24, 2016 at 11:14 am EST By Taegan Goddard Leave a Comment

“Wilbur Ross, the billionaire investor considered the ‘king of bankruptcy’ for buying beaten-down companies with the potential to deliver profits, is expected to be President-elect Donald Trump’s choice for commerce secretary,” the Washington Post reports.

“Ross helped shape the Trump campaign’s economic agenda, particularly its hard-line stance on the need to renegotiate — or withdraw from — free trade agreements. Trump’s advisers have been split on that issue, which some economists warn could spark a damaging trade war, but Ross’s nationalist views are considered in line with the president-elect’s own.”

Meanwhile, Politico reports Trump is likely to tap Todd Ricketts, the co-owner of the Chicago Cubs and a member of the powerful conservative Ricketts family, to be deputy secretary of commerce.

Filed Under: Trump Transition Tagged With: Wilbur Ross

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About Political Wire

goddard-bw-snapshotTaegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

Goddard is the owner of Goddard Media LLC.

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