That is right. Robert Hormats, Vice Chairman of Goldman Sachs, has be appointed to a very important position in the State Department.
Hormats was named by the Obama administration Friday to be the department's undersecretary for economic, energy and agricultural affairs, an official announcement indicated.
Should he be confirmed by the Senate, Hormats would head up efforts by Secretary of State Hillary Clinton to help refine Washington's relationships with China, India and Russia, moving to base them on economic, trade and environmental issues, The New York Times reported.
Bottom line: more of the same. This is not "Change".