To some historians, the facility being wielded by Elon Musk within the second Trump administration is perhaps considerably paying homage to the unprecedented energy one other appointed and never elected official was as soon as given in American authorities.
Houston’s personal Jesse H. Jones was appointed by President Herbert Hoover to steer the Reconstruction Finance Company, which was tasked with conserving banks from failing and the economic system with them. Jones’ powers and function expanded additional beneath President Franklin Delano Roosevelt.
Steven Fenberg is the creator of a biography of Jones referred to as Unprecedented Energy: Jesse Jones, Capitalism, and the Frequent Good and served as government producer of the PBS documentary Brother, Can You Spare a Billion? The Story of Jesse H. Jones.
In an interview with Houston Issues producer Michael Hagerty, he explains that, earlier than Jones wielded such affect in Washington, the namesake of Jones Corridor (amongst different landmarks on the town) made a transformative influence proper right here within the Bayou Metropolis.
And Fenberg additionally attracts a definite distinction between what Jones did in Washington and what Musk is doing in his present function.
