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Trump considering Goldman Sachs president for top budget post
Politico ^ | 11/30/2016 | Ben White and Jake Sherman

Posted on 11/30/2016 2:25:10 PM PST by SeekAndFind

President-elect Donald Trump is considering Goldman Sachs President Gary Cohn for a senior administration job, possibly as director of the Office of Management and Budget, several sources close to the situation said on Wednesday.

People familiar with the matter say Cohn's meeting with Trump on Tuesday included talks about a potential job in the new administration, possibly to run OMB, a sprawling office that will handle much of Trump's budget policy after he takes office in January.

Cohn, who is friendly with Republicans and Democrats in Washington, is a longtime commodities trader who became Goldman's president and co-chief operating officer in 2006. He has long been the heir apparent to Goldman CEO Lloyd Blankfein. But with Blankfein showing no inclination to leave after battling cancer, Cohn may be looking to take on a new challenge. He is friendly with Trump's son-in-law, Jared Kushner.

Cohn would add yet another Goldman name to a roster already filled with former executives from the influential bank, including Treasury pick Steven Mnuchin and incoming top White House adviser Steve Bannon.

People close to Cohn, an aggressive and imposing trading veteran, note that he has a reputation for attracting and managing top talent, a key attribute for any OMB chief.

Cohn — a registered Democrat — has made financial contributions to both parties, but in recent years, his political donations have trended toward Republicans. In 2015, he gave $33,400 to the National Republican Congressional Committee, $5,400 to Sen. Tom Cotton (R-Ark.) and $5,000 to House Majority Leader Kevin McCarthy's (R-Calif.) PAC. But he's also contributed to Sen. Gary Peters (D-Mich.), Sen. Mark Warner (D-Va.) and former Sen. Kay Hagan (D-N.C.).

(Excerpt) Read more at politico.com ...


TOPICS: Business/Economy; Government; Politics
KEYWORDS: blankfein; budget; financialgovernment; goldmansachs; omb; refillswamp; soros; tbtf
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To: SolidWood
WTH is going on? First Bannon, then Mnuchin, now Cohn...

Don't forget. Trump said he'd be hiring people who are some of the nastiest players in the business, because they know how to get stuff done.

21 posted on 11/30/2016 3:25:33 PM PST by Windflier (Pitchforks and torches ripen on the vine. Left too long, they become black rifles.)
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To: SeekAndFind

Trump has known Forbes for decades.


22 posted on 11/30/2016 3:38:38 PM PST by Cobra64 (Common sense isn't common any more.)
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To: BeauBo
Yup. It's sad that so many around here bekieve that it's unfortunate that multimillionaires will take a salary hit if they join the Trump team.

These FReepers can't understand that a guy worth $50 million would surrender his huge salary to work for America.

23 posted on 11/30/2016 3:44:24 PM PST by Cobra64 (Common sense isn't common any more.)
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To: bigbob; All
Gary Cohn is 55 years old, earns $8 million a year, and has exercised $18 million in options with who-knows-how-much-more in his portfolio. There comes a time when a man looks to accomplish more than making more money after he’s reached the top of his field, which is why many CEOs do other things after they and their families are set for life. Bill Gates would be an extreme example, I’d say Cohn is much more motivated by the opportunity to help make American great.

Well said, but no matter how many times it's explained, the simpletons around here will never understand.

24 posted on 11/30/2016 3:50:34 PM PST by Cobra64 (Common sense isn't common any more.)
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To: Windflier

Yes he did... many times.


25 posted on 11/30/2016 3:52:10 PM PST by Cobra64 (Common sense isn't common any more.)
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To: bigbob

Oh crap. That’s why I haven’t been called. I was wondering.....lol.


26 posted on 11/30/2016 3:54:02 PM PST by napscoordinator (Trump/Hunter, jr for President/Vice President 2016)
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To: Cobra64

We are talking a GS ceo. Money is important and a sign of success. It blows my mind that so many criticize GS as the evil empire...but then turn around and say Money isnt important to them


27 posted on 11/30/2016 4:27:17 PM PST by RummyChick (Trump Train Hobo TM Rummychick. Example - Ryan Romney Kasich. Quit trying to Jump on the Train)
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To: Hugin

GS are key kingpins in the swamp with tentacles everywhere


28 posted on 11/30/2016 4:33:33 PM PST by RummyChick (Trump Train Hobo TM Rummychick. Example - Ryan Romney Kasich. Quit trying to Jump on the Train)
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To: SeekAndFind
THE CHOPPING PARTY

I hate to reveal a possible Trump secret. Machiavelli told how a state leader would invite his opponent/enemy to a big feast. That is how state powers do things, invite your enemy over as a conciliatory gesture.

When your opponents are stuffed with food and drink, when they are sitting there happy, the King leader's guards would rush into the robust feast, with swords, and start chopping away until his opponents are either gone or weakened.

You lay persons are learning how things are done.

Wait to find out later what the more modern civil equivalent to a chopping party is. :-)

29 posted on 11/30/2016 4:34:21 PM PST by TheNext (ONE HOUR to AUTHENTICATE U.S. Election)
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To: RummyChick

“Hard for me to believe he would give up that gig. That is a huge downgrade in salary.”

Not hard for me to believe, he wants to serve his country. It has nothing to do with salary but the desire to do something great.


30 posted on 11/30/2016 4:46:48 PM PST by ConsCA
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To: ConsCA

Anyone who is trying to claim that it is all for the good of the country..blah blah blah
...owe heidi cruz an apology if you dogged her for her gs connections...oh and Ted cruz too...because if you are giving the ceo pass...you need to give one to heidi and ted


31 posted on 11/30/2016 4:50:02 PM PST by RummyChick (Trump Train Hobo TM Rummychick. Example - Ryan Romney Kasich. Quit trying to Jump on the Train)
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To: ConsCA

Btw..just curious...did you think the GS connected people that obama hired were just doing it for the good of the country??


32 posted on 11/30/2016 5:02:01 PM PST by RummyChick (Trump Train Hobo TM Rummychick. Example - Ryan Romney Kasich. Quit trying to Jump on the Train)
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To: RummyChick

“Anyone who is trying to claim that it is all for the good of the country..blah blah blah
...owe heidi cruz an apology if you dogged her for her gs connections...oh and Ted cruz too...because if you are giving the ceo pass...you need to give one to heidi and ted”

I agree. I supported Trump in the primary, but I didn’t like the attacks on Ted and Heidi for GS. If you can’t self-fund your campaign, then you will need contributions from companies like GS.


33 posted on 11/30/2016 5:19:21 PM PST by TakebackGOP
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To: TakebackGOP

I dogged them but I will own it. He is highly connected through his campaign manager....but I am not going to turn around now and pretend that GS is a bunch of altruistic do gooders


34 posted on 11/30/2016 5:23:59 PM PST by RummyChick (Trump Train Hobo TM Rummychick. Example - Ryan Romney Kasich. Quit trying to Jump on the Train)
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To: RummyChick

Trump is a hugely successful businessman who can access business icons with a phone call...something that Obama never had access to unless he promised something in return. Obama is a political whore...Trump is a man of power in his own light...


35 posted on 11/30/2016 5:25:23 PM PST by Stayfree (IT IS TIME TO START MAKING LAWS THAT LIBERALISM IS ILLEGAL!)
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To: Stayfree

Obama puppet master probably has them on speed dial


36 posted on 11/30/2016 5:26:56 PM PST by RummyChick (Trump Train Hobo TM Rummychick. Example - Ryan Romney Kasich. Quit trying to Jump on the Train)
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To: SeekAndFind

I’m not going to pretend to know if these top level business people choices are not good, good, or great but I do know hiring professors who teach a subject but never actually worked in the field to claw their way up the ladder is never a good idea. Give me a hands on person any day for the job that needs doing.

I would caution this Administration to have a separate non partisan watchdog group of people watching though for two reasons. One to get a heads up if someone is working for their “previous” company much like hrc used her position to benefit their foundation which benefited them. Two; if anyone says there’s corruption you can show them proof provided by this group there isn’t.

A rising tide lifts all boats and I don’t begrudge business people who also benefit but not at the expense of others - if that’s at all clear.


37 posted on 11/30/2016 5:27:30 PM PST by Boomer
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To: BeauBo

.
There is absolutely nothing “patriotic” about any bank. (or any other multi-national corporation)
.


38 posted on 11/30/2016 5:31:42 PM PST by editor-surveyor (Freepers: Not as smart as I'd hoped they'd be)
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To: SeekAndFind

Trump’s GS bankers are totally different from the GS bankers Hillary would have appointed...


39 posted on 11/30/2016 5:34:14 PM PST by Wyatt's Torch
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To: BeauBo; SolidWood

“There are a bunch of business magnates being drawn into this administration - it strikes me as a pattern, and as much more pronounced than is typical.

Perhaps Trump is rallying his peers in a patriotic effort, akin to the charity functions where they hobnob together.

Although the money may not be there (let’s hope its not), there is great prestige and opportunity to self-actualize for some of these super high achievers.”

Trump’s inner circle, mostly, consists of rich people (politically republican or democrat). They are the ones to whom he is offering govt positions. Though he definitely wants to be seen doing things differently, like use youtube to make announcements. Some merits for doing so.

But, I don’t think Trump is too analytical about his ‘policies’ & decisions - he is more the big picture CEO; a good negotiator and a very good marketer (public engagement) so far.

We’ll know more about Trump’s ‘policies’ about a year after Jan 20. I do think he will be *unofficially* very much influenced by certain members of his immediate family, and Pence for managing things more on an official micro level.


40 posted on 11/30/2016 6:28:34 PM PST by odds
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