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Title: Trump picks Goldman Sachs chief for top economic adviser (Swamp Up)
Source:
The Hill
URL Source: http://thehill.com/policy/finance/3 ... onal-economic-council-director
Published: Dec 9, 2016
Author: Harper Neidig
Post Date: 2016-12-09 17:17:55 by Hondo68
Keywords: Make Goldman Sachs, Great Again, Graft, Loot, Corruption, Thievery. Pillage
Views: 1993
Comments: 6
Donald Trump has picked Goldman Sachs President Gary Cohn to direct the National Economic Council in the White House, NBC News reported Friday morning. The council helps advise the president on economic policy. Cohn would be the second Goldman-linked appointment for the president-elect, who already named former Goldman Sachs partner Steven Mnuchin as Treasury secretary. Cohn met with the president-elect at Trump Tower in late November, according to pool reports, setting off speculation that the Wall Street executive would be a part of the administration. Trump was a vocal critic of Wall Street banks on the campaign trail and repeatedly called on Democratic nominee Hillary Clinton to release the transcripts of the paid speeches she delivered to Goldman Sachs. He also accused former GOP primary rival Sen. Ted Cruz (Texas) of being “owned” by Goldman Sachs. Goldman Sachs CEO Lloyd Blankfein said in October that he was backing Clinton for president. Critics have scrutinized some of Trump’s Cabinet picks, arguing they go against his vow to “drain the swamp” in Washington. Sen. Bernie Sanders (I-Vt.), an outspoken critic of Wall Street, blasted the Cohn appointment. It’s called a rigged economy and this is how it works. https://t.co/npoLcKQmfJ— Bernie Sanders (@SenSanders) December 9, 2016 Cohn is the latest wealthy addition to a Cabinet that already has a net worth of $14.5 billion, according to NBC News. According to Vanity Fair, his salary from Goldman Sachs is around $22 million a year. During a rally in Des Moines, Iowa, on Thursday night, Trump defended his Cabinet selections, saying rich people are especially qualified to run the government. “One newspaper criticized me: ‘Why can’t we have people of modest means?' " he said. “Because I want people that made a fortune. Because now they’re negotiating with you.” “These people are giving up fortunes of income in order to make a dollar a year, and they’re so proud to do it," Trump added. Cohn, who is a registered Democrat, has donated to members and committees in both parties. He contributed to Senate Democrats’ campaign arm between 2004 and 2008. More recently, he gave money to House Republicans’ campaign arm in 2015, as well as to senators on both sides of the aisle. Poster Comment: Yes, we scam! A registered Clinton Democrat. How much did he pay Hillary to speak?
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#2. To: hondo68 (#0)
It is downright shocking that Donald Trump would appoint someone to the Council of Economic Advisers from the corrupt private sector with limited range of experience compared to the current Council. For example, "Dr. Black’s research focuses on the role of early life experiences on the long-run outcomes of children, as well as issues of gender and discrimination." The Economic Council needs that kind of diversity and not just a private sector guru who specializes in making tons of money. https://www.whitehouse.gov/administration/eop/cea/about/members%20 Jason Furman Jason Furman was confirmed by the Senate on August 1, 2013 as the 28th Chairman of the Council of Economic Advisers. In this role, he serves as President Obama’s chief economist and a Member of the Cabinet. Furman has served the President since the beginning of the Administration, previously holding the position of Principal Deputy Director of the National Economic Council and Assistant to the President. Immediately prior to the Administration, Furman was Economic Policy Director for the President’s campaign in 2008 and a member of the Presidential Transition Team. Furman held a variety of posts in public policy and research before his work with President Obama. In public policy, Furman worked at both the Council of Economic Advisers and National Economic Council during the Clinton administration and also at the World Bank. In research, Furman was a Senior Fellow at the Brookings Institution and the Center on Budget and Policy Priorities and also has served in visiting positions at various universities, including NYU’s Wagner Graduate School of Public Policy. Furman has conducted research in a wide range of areas, such as fiscal policy, tax policy, health economics, Social Security, and domestic and international macroeconomics. In addition to numerous articles in scholarly journals and periodicals, Furman is the editor of two books on economic policy. Furman holds a Ph.D. in economics from Harvard University. Sandra Black Sandra Black is a member of the Council of Economic Advisers. She is on leave from the University of Texas, Austin where she holds the Audre and Bernard Rapoport Centennial Chair in Economics and Public Affairs and is a Professor of Economics. Dr. Black has worked as an Economist at the Federal Reserve Bank of New York, and as an Assistant, Associate, and ultimately Professor in the Department of Economics at UCLA before arriving at the University of Texas, Austin in 2010. She was previously the Editor of the Journal of Human Resources, a Research Associate at the National Bureau of Economic Research, and a Research Affiliate at the Institute for the Study of Labor. Dr. Black’s research focuses on the role of early life experiences on the long-run outcomes of children, as well as issues of gender and discrimination. She received her B.A. from the University of California, Berkeley and her Ph.D. in economics from Harvard University. Jay Shambaugh Jay Shambaugh is a member of the Council of Economic Advisers. He is on leave from George Washington University where he is a Professor of Economics and International Affairs. Dr. Shambaugh had also served as a Faculty Research Fellow and Research Associate at the National Bureau of Economic Research since 2007. He previously held positions within the Council of Economic Advisers between 2009 and 2011, first as a Senior Economist from 2009 to 2010 and then Chief Economist from 2010 to 2011. Dr. Shambaugh has held several teaching positions within economic departments across the country as an Associate Professor with tenure at the George Washington University from 2012 to 2013, a Visiting Associate Professor at Georgetown University’s McDonough School of Business from 2011 to 2012, and an Assistant Professor and then Associate Professor from 2002 to 2011 at Dartmouth College. From 2011 to 2013, Dr. Shambaugh was also a Visiting Scholar at the International Monetary Fund. He was a Visiting Fellow at the Institute of International Integration Studies at Trinity College, Dublin from 2005 to 2006. Dr. Shambaugh received a B.A. from Yale, an M.A.L.D. from The Fletcher School at Tufts University, and a Ph.D. in Economics from the University of California, Berkeley.
#3. To: nolu chan (#2)
(Edited)
All experience is not created equal. Hillary and Jeb! have experience too, but it's all bad. Where are the Austrian Economists? Oh, they ignore those at Goldman Sachs and the FED. Just pretend that you can kick the can down the road indefinitely. It's going to crash soon! 3...2....1....KA-BOOM!!! Who'll get the blame.... DJT, and he will deserve it if he sticks with the establishment FED ponzi scheme.
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