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 Clinton William (Bill) Jefferson ClintonBattle lines drawn on precedent in Supreme Court fight Sunday shows - Ruth Bader Ginsburg's death dominates Bill Clinton on GOP push to fill Ginsburg vacancy: Trump, McConnell 'first value is power' MORE, said during an interview with John Catsimatidis on AM 970 in New York that Treasury Secretary Steven Mnuchin Steven Terner MnuchinLawmakers fear voter backlash over failure to reach COVID-19 relief deal United Airlines, unions call for six-month extension of government aid House Democrats plan to unveil bill next week to avert shutdown MORE, Commerce Secretary Wilbur Ross Wilbur Louis RossTrump 'very happy' to allow TikTok to operate in US if security concerns resolved TikTok, WeChat to be banned Sunday from US app stores The Hill's Morning Report - Sponsored by National Industries for the Blind - Trump seeks to flip 'Rage' narrative; Dems block COVID-19 bill 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.

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"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 Sanders Bernie SandersNYT editorial board remembers Ginsburg: She 'will forever have two legacies' Two GOP governors urge Republicans to hold off on Supreme Court nominee Sanders knocks McConnell: He's going against Ginsburg's 'dying wishes' MORE (I-Vt.) and Elizabeth Warren Elizabeth WarrenGOP set to release controversial Biden report Biden's fiscal program: What is the likely market impact? Warren, Schumer introduce plan for next president to cancel ,000 in student debt 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.