You might want to rethink your "facts".
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CBS Evening News
Donald Trump's Cabinet richest in U.S. history, historians say
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- JULIANNA GOLDMAN
- CBS NEWS
Dec 20, 2016 7:06 PM EST
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As he traveled the country on his thank you tour, President-elect Donald Trump touted his choices for his Cabinet and inner circle, a group historians say is the richest in U.S. history.
19 PHOTOS
Donald Trump's $14 billion Cabinet
“And one newspaper criticized me, ‘Why can’t they have people of modest means?’” Trump said at a Des Moines, Iowa rally. “Because I want people that made a fortune. Because now they’re negotiating with you, okay?”
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How rich? CBS News estimates seven of Trump’s picks are worth a combined $11 billion.
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Donald Trump's Cabinet is the wealthiest in U.S. history
Betsy DeVos, nominated for secretary of education, comes from a family worth more than $5 billion; Linda McMahon, picked for small business administrator, has family wealth worth $1.2 billion; And Vincent Viola, the choice for Army secretary, is worth $1.77 billion.
“I guess they have a few poor millionaires on it, but mostly it’s billionaires,” said Sen. Bernie Sanders.
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Sanders: "It looks like we have a cabinet of billionaires"
Critics like Sanders say Trump’s choices fly in the face of his populist campaign message. “You don’t appoint a Cabinet of billionaires to be taking on the establishment,” he said on Sunday’s “Face The Nation.”
Steve Mnuchin, Trump’s Treasury pick has been estimated to be worth as much as $655 million. He and commerce secretary nominee Wilbur Ross, worth $2.5 billion, recently said they were attuned to the plight of working Americans.
“It’s also not true all jobs are created equal. A guy that used to work in the steel mill, now flipping hamburgers, he knows it’s not the same,” Ross said in an appearance on CNBC.
Having millionaire and billionaire cabinet secretaries is not unprecedented. They tend to attract slots at Treasury and Commerce. But neither President Obama nor President George W. Bush had a single billionaire in their first Cabinets.
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This point is completely irrelevant. He won Michigan. He won Pennsylvania. He won Wisconsin. He won Ohio. Blue collar states. Why? He appealed to the things important to them. Trade, jobs, tax cuts, middle class income, etc. Hillary won the coasts, where elitists reign. Trump raised far more donations from small contributors while Hillary primarily relied on big monied donors.
Let's look at campaign donations.
Clinton and her super-PACs raised a total of $1.2 billion, less than President Barack Obama raised in 2012. Her sophisticated fundraising operation included a small army of wealthy donors who wrote seven-figure checks, hundreds of bundlers who raised $100,000 or more from their own networks, and a small-dollar donor operation modeled on the one used by Obama in 2012. She spent heavily on television advertising and her get-out-the-vote operation, but in the end, her fundraising edge wasn't enough to overcome Trump's ability to dominate headlines and the airwaves.
On Dec. 8, campaigns and super-PACs filed their post-election reports on fundraising and spending with the Federal Election Commission from Oct. 20 through Nov. 28. Here's where they stood at the end of the race:
View previous general election filings
JULY |
AUGUST |
SEPTEMBER |
OCTOBER |
PRE-GENERAL
Hillary Clinton
TOTAL RAISED
$1,191M
Candidate Raised to Date* . . . . . . . . . . . . . . . . . . . . . $973.2M
Spent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $969.1M
Cash on Hand . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $4.1M
Super-PACs Raised to Date . . . . . . . . . . . . . . . . . . $217.5M
Spent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $215.1M
Cash on Hand . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $3.7M
Total Raised to Date . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,190.7M
Total Spent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,184.1M
Total Cash on Hand . . . . . . . . . . . . . . . . . . . . . . . $7.8M
Donald Trump
TOTAL RAISED
$646.8M
Candidate Raised to Date* . . . . . . . . . . . . . . . . . . . . . $564.3M
Spent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $531.0M
Cash on Hand . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $33.3M
Super-PACs Raised to Date . . . . . . . . . . . . . . . . . . . . $82.3M
Spent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $85.5M
Cash on Hand . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . -$1.8M
Total Raised to Date . . . . . . . . . . . . . . . . . . . . . . . . . $646.8M
Total Spent . . . . . . . . . . . . . . . . . . . . . . . . . . . . $616.5M
Total Cash on Hand . . . . . . . . . . . . . . . . . . . . . . . . . $31.5M
* Candidate fundraising includes campaign and joint fundraising committees.
While Trump was the biggest single donor to his own cause, his small donor fundraising operation was his biggest source of campaign cash. Clinton had an aggressive small-dollar donor operation as well, but her biggest source was larger donations, many of which came via the networks of her hundreds of bundlers.
Trump put more of his money into winning the primaries than he did in the general election, thanks in part to a surge in small-dollar donors to his campaign.
Trump Total Receipts*
Itemized (> $200)
Unitemized (< $200)
Loans, Transfers, OtherQ2Q3Q4JFMAMJJASON$0.2M$0.7M$5.2M
Throughout the campaign, Clinton's team stressed its support from small donors, but both Trump and Bernie Sanders leaned more heavily on them than Clinton.
Clinton Total Receipts*
Itemized (> $200)
Unitemized (< $200)
Loans, Transfers, OtherQ2Q3Q4JFMAMJJASON$16.3M$6.1M$4.5M