100 years before Elon Musk, one of America's richest men came to fix Washington. It didn't end well.

Andrew Mellon, treasury secretary to three presidents, slashed government spending but ultimately saw his legacy tarnished by the Great Depression and changed by the New Deal.

He was one of the richest men of his time, a powerful force in business and then in government — so influential that political adversaries taunted the White House that he was “the real president.”

Today, that’s Elon Musk’s story, as the world’s richest man winds down his tumultuous time in Washington as a “special government employee” in President Donald Trump’s administration. But while Musk’s astronomical wealth and the work of his Department of Government Efficiency have been one of a kind, there are strong echoes of another businessman-turned-slasher-of-government who came to Washington just more than 100 years ago.

Andrew Mellon, a Pittsburgh banker and one of America’s wealthiest men in the early 20th century, was treasury secretary to three Republican presidents — Warren Harding, Calvin Coolidge and Herbert Hoover — for more than a decade in the 1920s and early 1930s.

Like Musk, Mellon came to Washington with the aim of drastically cutting back federal spending. Like Musk, he remained involved in his private businesses at the same time, as biographer David Cannadine has chronicled, sparking fierce protests from opposition Democrats. Like Musk, political opponents made him a national boogeyman and suggested that Mellon was the true power in Washington.

Three presidents served under him, the joke went. Sen. Robert La Follette Sr., a Wisconsin progressive, said Mellon was “the real president of the United States. Calvin Coolidge is merely the man who occupies the White House.”

https://www.nbcnews.com/politics/doge/100-years-elon-musk-one-americas-richest-men-came-fix-washington-rcna203584


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