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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 Trumps 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. Its 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 cant we have people of modest means?' " he said. Because I want people that made a fortune. Because now theyre negotiating with you.
These people are giving up fortunes of income in order to make a dollar a year, and theyre 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?
#1: Hondo68 To: The Fist, Kill Whitey (#0)
Jane Fonda, Donald J. Trump
John Lennon/Yoko Ono, New Black Panthers
- Power To The People, Right On!
Hondo68 posted on 2016-12-09 19:06:29 Reply Private Reply
#2: nolu chan 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. Blacks 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
nolu chan posted on 2016-12-09 20:01:44 Reply Private Reply
#3: Hondo68 To: nolu chan (#2)
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.
Hondo68 posted on 2016-12-09 20:16:15 Reply Private Reply
#4: nolu chan To: hondo68 (#3)
What we need is more people who have focused on the role of early life experiences on the long-run outcomes of children, as well as issues of gender discrimination. We can't afford to have people whose only experience is getting it done in the private sector. We need more career government experts to continue the phenomenal, winning ways. Only such government experts can save us from kicking the can down the road. Ony they can deliver balanced budgets and a chicken in every pot.
nolu chan posted on 2016-12-09 21:44:33 Reply Private Reply
#5: buckeroo To: hondo68 (#1)
buckeroo posted on 2016-12-09 23:27:20 Reply Private Reply
#6: misterwhite To: hondo68 (#0)
Just "He's from Goldman Sachs" and "He's really rich". That's it.
Gosh MSM, thanks for all the carefully researched info.
misterwhite posted on 2016-12-10 10:19:27 Reply Private Reply