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 ...
“There is absolutely nothing “patriotic” about any bank. (or any other multi-national corporation)”
I said:
“Perhaps Trump is rallying his peers in a patriotic effort”
“Peers” are people, not things. People can be patriotic. Is your theory/belief that any person who takes a job with a bank or a multi-national corporation, is somehow stripped of any potential patriotism?
“Anyone who is trying to claim that it is all for the good of the country..blah blah blah”
So, here’s a question for you, what are you doing for the country for the next 8 years Just posting on FR complaining about other people?
Get involved. I already am.
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We’re talking about CEOs and other high executives. The people who shape the policies of the banks.
Trump is circling his presidency with the very people that his supporters here accused his election rivals of supporting.
Absolutely glaring at this point.
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>> “ but the desire to do something great.” <<
Like putting the last nail in America’s coffin?
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Further was it not this bunch that Hillry told that what she would tell them in private she could NOT say publicly? I think Trump is playing hard ball with the alligators.
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You’re absolutely sick!
And one of the biggest hypocrites on this site.
Mirror, mirror, on the wall......
Many have their doubts about the patriotic commitment of globalist high finance bankers. They are a clannish lot out to serve mostly themselves. GS CEO Blankfein is a certifiable megalomaniac who thinks he is an earthly god.
The appeal of a job in the admin would be prestige and influence... not ‘serving America’.
The Heidi Cruz matter is one thing... but the more blatant double standard comes directly from Trump’s campaign:
in the last TV ad he specifically showed GS CEO Blankfein as a globalist villain.
Text of the Trump ad:
“It’s a global power structure that is responsible for the economic decisions that have robbed our working class, stripped our country of its wealth and put that money into the [Blankfeins face shows] pockets of a handful of large corporations and political entities.”
Mnuchin has a ‘past’ at GS. For arguments sake... fine leave it that. But Cohn is GS current President! To hire him is blatant hypocrisy.
It it really is Trumps son in law Jared Kushner pulling in these Wall Street cronies and kingpins then I am very concerned about whether Trump (who I think to be overall a good man) is really calling the shots and not being taken advantage of and given bad advice by Kushner.
in the last TV ad he specifically showed GS CEO Blankfein as a globalist villain.
Text of the Trump ad:
“It’s a global power structure that is responsible for the economic decisions that have robbed our working class, stripped our country of its wealth and put that money into the [Blankfeins face shows] pockets of a handful of large corporations and political entities.”
Mnuchin has a ‘past’ at GS. For arguments sake... fine leave it that. But Cohn is GS current President! To hire him is blatant hypocrisy.
It it really is Trumps son in law Jared Kushner pulling in these Wall Street cronies and kingpins then I am very concerned about whether Trump (who I think to be overall a good man) is really calling the shots and not being taken advantage of and given bad advice by Kushner.
I have full faith and confidence that Trump will fire these guys in a hot second if they don't do exactly what he wants done. Look at the rapid fall of Christie or the 3 campaign managers Trump fired on the way to the white house. Trump expects results and no mater how personally he feels connected to someone he has no problem tossing them out on their asses when they don't do their jobs properly.
I imagine that there are lots of capable folks in the Midwest, Texas, etc. that run banks, work in state government, etc. that might bring a healthy perspective to the swamp. But - Trump doesn’t know them. So he draws from the people he does know.
Of course if he found them in his own companies (which I am sure they are as capable as these GS guys) he would be called out on cronyism.
You might be on to something.
As much as Trump resinates with regular folks all over America, he definitely is (he says so himself) part of the bubble of NY top executives and high finance. He strikes me as an unusually patriotic man among his surroundings... but this is his world and I think his familiarity with this bubble is both his strength and achilles heel...
*resonates
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