Gary Cohn, president of Wall Street bank Goldman Sachs, will play a key role in shaping President-elect Trump's economic policies, as the announced pick to direct the National Economic Council.
The selection of the 56-year-old Cohn, announced Monday, again elevates the influence of Goldman Sachs' alumni within the incoming Trump administration. Steven Mnuchin, Trump's choice for treasury secretary, and Steve Bannon, his pick for top political strategist, also worked at the bank.
Although Trump promoted anti-establishment and anti-Wall Street rhetoric during the campaign, he has stocked his White House with insiders such as Cohn, who has worked for Goldman Sachs for 25 years.
As is typical for top industry figures, Cohn has supported both major political parties. In the 2016 campaign, he backed Clinton rather than Trump, but over the years he has donated hundreds of thousands of dollars to both Democrats and Republicans.
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He's really draining the swamp and replacing it with the very people he badgered Killary for giving private speeches to.
ReplyDeleteKeep your friends close your enemies closer is the way i see it. At least he is willing to work with both sides.
ReplyDeleteWe shouldn't be too surprised. Obama did the same thing and then was "unable" to prosecute the bankers responsible for the crash of 2008. Part of the problem is if you want someone to run a big economy they have to have experience and there's a very limited number of people with that experience. That being said, I think the public needs to be watchful for policies that happen to enrich or benefit the new cabinet, families and friends. I'm sure the press will keep an eagle eye.
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ReplyDeleteThe press works for the elite bankers.
The bankers own the press!
Sorry, I should have indicated the sarcasm filter was on hahaha
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