For Immediate Release
December 9, 2016
Contact: DNC Press- email@example.com
Trump picks ANOTHER Goldman Sachs Exec for Administration
“When Trump said ‘drain the swamp,’ he really meant ‘appoint a bunch of Goldman Sachs bankers.’ Gary Cohn is the third Goldman Sachs figure to join Trump’s team, and he joins an administration stacked with the same Wall Street bankers and Washington insiders that Trump railed against during the campaign. Con-man Trump has executed another con on the American public – especially the voters who thought he would shake up Washington.” – Eric Walker, DNC Deputy Communications Director
CNBC // JACOB PRAMUK
Donald Trump has offered Goldman Sachs executive Gary Cohn a key economic post, which would add to the administration another veteran of the powerful firm he bashed during his campaign, sources close to Cohn told NBC News.
Cohn, Goldman’s 56-year-old president and chief operating officer, has been offered the directorship of the National Economic Council and assistant to the president for economic policy, the sources said. It is unclear if Cohn will accept the post, but he reportedly had discussions late last month about leaving Goldman.
Cohn has been at Goldman for 25 years and previously worked in commodities. The National Economic Council, which Cohn would lead, is meant to “coordinate policy-making for domestic and international issues, to coordinate economic policy advice for the president, to ensure that policy decisions and programs are consistent with the president’s economic goals, and to monitor implementation of the president’s economic policy agenda,” according to the office’s website.
Trump Treasury secretary pick Steven Mnuchin and senior advisor Steve Bannon also worked at Goldman Sachs, which Trump repeatedly attacked on the campaign trail. He cited Goldman as evidence that corporate and financial interests have influence over politicians and criticized former opponent Sen. Ted Cruz for taking a loan from the firm.
Trump campaigned on promises to rid the government of influence from the wealthy and powerful. Wall Street, though, has largely cheered Trump’s administration due to promises to roll back financial regulations and cut corporate taxes.
Sen. Bernie Sanders, a former Democratic presidential candidate and fervent Wall Street critic, immediately slammed the Cohn offer.