Biden is forming a business-friendly administration

If the socialists are coming, they haven’t booked their tickets yet.

President Trump has lampooned incoming President Joe Biden as a business-wrecking radical who will kill jobs and depress stock prices. But Biden’s early choices for Cabinet jobs and other key posts reflect comfort with Wall Street and a friendly attitude toward business. Stocks, so far, are buoyant.

In the Biden administration, it appears investing giant BlackRock (BLK) will be the new Goldman Sachs. “Government Sachs” is famous for seeding Washington with prominent alumni such as Gary Cohn, Gary Gensler and Hank Paulson. Biden,