Musk wasn't personally elected (though Trump was elected on a platform partially of getting Musk to 'fix the bureaucracy'), while the unelected members of Obama's finserv regulatory/policy team who would've required Senate confirmation were confirmed.
But if you look at whom Obama picked to shape his economic and finserv policies, it included people who were either against the regulation of derivatives prior to the GFC or who were, to put it politely, asleep at the wheel.
Sure. Is it acceptable for someone to make tens of billions in taxpayer money and also have the authority to decide what programs/people are unnecessary or suboptimal?
Comments
Check out the doco, 'Inside Job'.
Obama was termed a 'Wall St government'
Point is, regulatory capture/installation of suboptimal folks into key policy/regulatory positions is a bipartisan issue. Must be condemned both ways.
As the saying goes, 'everyone's starkers in the Turkish baths'.
No different to what Wall Street, or even software vendors, achieved and continue to achieve.