Dem strategist: 'Titans of Wall Street' in Trump admin inspire confidence
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A top Democratic strategist is praising key figures in the Trump administration, saying the presence of former Wall Street executives helps instill confidence in the financial markets.

Doug Schoen, a pollster and adviser to former President Bill ClintonWilliam (Bill) Jefferson ClintonObama calls on governments to 'do their part' in increasing global vaccine supply China's emissions now eclipse the developed world — preventing climate protection Trump endorses Glenn Youngkin in Virginia governors race MORE, said during an interview with John Catsimatidis on AM 970 in New York that Treasury Secretary Steven MnuchinSteven MnuchinDemocrats justified in filibustering GOP, says Schumer Yellen provides signature for paper currency Biden's name will not appear on stimulus checks, White House says MORE, Commerce Secretary Wilbur RossWilbur Louis RossFormer Trump officials find tough job market On The Money: Retail sales drop in latest sign of weakening economy | Fast-food workers strike for minimum wage | US officials raise concerns over Mexico's handling of energy permits US officials raise concerns over Mexico's handling of energy permits MORE and National Economic Council chief Gary Cohn have all "helped" Trump.

"These are titans of Wall Street … It inspires confidence. If there's confidence in Wall Street, the markets go up — good for America, good for Wall Street and good for ordinary people," Schoen said.


"If we’re so afraid of Wall Street – goodness gracious, we have a plutocratic president in Washington," he added.

The Democratic strategist took a dig at Sens. Bernie SandersBernie SandersStudy: Early unemployment cutoff would cost 16M people 0B Machine Gun Kelly reveals how Bernie Sanders aided him in his relationship with Megan Fox Overnight Health Care: CDC approves Pfizer vaccine for adolescents aged 12-15 | House moderates signal concerns with Pelosi drug pricing bill | Panel blasts COVID-19 response MORE (I-Vt.) and Elizabeth WarrenElizabeth WarrenWarren says Republican Party 'eating itself and it is discovering that the meal is poisonous' Briahna Joy Gray: Warren not endorsing Sanders in 2020 was 'really frustrating' McConnell hits Democratic critics of Israel MORE (D-Mass.), who are outspoken critics about the need for checks on Wall Street, while calling on Democrats to embrace Wall Street.

"We need Democrats standing up for our economy, for investment and for Wall Street," he said.

"Democrats need money; they need Wall Street money," he said. "Wall Street is the engine that creates jobs. You can't create jobs by just redistributing yourself out of problems. You can't just tax the rich and expect that magic things will happen. We need to incentivize Wall Street to invest, to create jobs and to grow our economy."

His remarks came after U.S. stocks hit record closing highs on Friday, with all three market indexes extending their recent run of records, Reuters reported.

Trump on Saturday touted the climb in stock market prices since he assumed office.

"Stock Market hits another all time high on Friday. 5.3 trillion dollars up since Election. Fake News doesn't spent much time on this!" he tweeted.