Goldman Sachs president and COO Gary Cohn at the 2015 World Economic Forum in Davos, Switzerland. (Photo: Valeriano DiDomenico/World Economic Forum)
Dec 09, 2016
"Fox, meet henhouse," was how progressive Sen. Barbara Lee (D-Calif.) and others reacted to the news Friday that Goldman Sachs president and chief operating officer Gary Cohn had been offered the position of National Economic Council (NEC) director by President-elect Donald Trump.
"By choosing Gary Cohn and other Goldman Sachs crony capitalists to lead our nation's economic policies, Trump is betraying his own voters - putting the interests of the corporate establishment ahead of working families." --Progressive Congressional Campaign Committee
Should Cohn accept, he and Treasury Secretary nominee Steven Mnuchin, another Goldman alum, would hold "the top two economic policy jobs in the Trump administration," as Vox's Matthew Yglesias observed. White House chief strategist Steve Bannon is also a former Goldman exec.
Sen. Bernie Sanders, who during his presidential campaign vociferously spoke out against the dangers of allowing Wall Street executives to set economic policy, offered a swift response to the news:
\u201cIt\u2019s called a rigged economy and this is how it works. https://t.co/npoLcKQmfJ\u201d— Bernie Sanders (@Bernie Sanders) 1481300204
As head of the NEC, Cohn would hold significant power over the implementation of White House economic policy. According to the agency's website, the NEC 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."
As observers on both sides of the aisle are pointing out, Trump is elevating those at the top of the very Wall Street firm he railed against during his campaign. Cohn's appointment is yet another indication that the agenda of President Trump is a far cry from the populist rhetoric that propelled him to power.
\u201cNumber of former Goldman Sachs execs in Trump's admin: 3. Number of billionaires: 4. Number of "forgotten men and women": 0.\u201d— Alex/Apex Gale (@Alex/Apex Gale) 1481311922
Addressing that disparity, Trump transition adviser Anthony Scaramucci toldCNN on Friday that bringing Wall Street execs on board would somehow "bring the country together."
"I think the cabal against the bankers is over," Scaramucci said. "And I think what Mr. Trump is really trying to do right now is put the country together...and you can see it in his actions in terms of his outreach to so many different people, we really want to bring the country together."
To progressive groups, however, the choice of Cohn is just the latest example of Trump betraying the populist facade he presented to voters during the campaign.
"By choosing Gary Cohn and other Goldman Sachs crony capitalists to lead our nation's economic policies," said the Progressive Change Campaign Committee in a statement, "Trump is betraying his own voters - putting the interests of the corporate establishment ahead of working families."
In addition to Goldman executives, Trump has lined his cabinet with an out-sized number of military generals and other millionaires and billionaires. "It's the G&G cabinet," Sen. Claire McCaskill (D-Mo.) recently quipped. "It does seem to be fairly limited to Goldman Sachs and generals."
Curiously, Cohn is a registered Democrat and had donated substantial sums to Democrats in years past, including U.S. President Barack Obama and Trump's opponent Hillary Clinton, before more recently giving to GOP lawmakers.
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Lauren McCauley
Lauren McCauley is a former senior editor for Common Dreams covering national and international politics and progressive news. She is now the Editor of Maine Morning Star. Lauren also helped produce a number of documentary films, including the award-winning Soundtrack for a Revolution and The Hollywood Complex, as well as one currently in production about civil rights icon James Meredith. Her writing has been featured on Newsweek, BillMoyers.com, TruthDig, Truthout, In These Times, and Extra! the newsletter of Fairness and Accuracy in Reporting. She currently lives in Kennebunk, Maine with her husband, two children, a dog, and several chickens.
#notnormalbarack obamabarbara leegoldman sachsprogressive change campaign committeesteve bannontrumpismwall street
"Fox, meet henhouse," was how progressive Sen. Barbara Lee (D-Calif.) and others reacted to the news Friday that Goldman Sachs president and chief operating officer Gary Cohn had been offered the position of National Economic Council (NEC) director by President-elect Donald Trump.
"By choosing Gary Cohn and other Goldman Sachs crony capitalists to lead our nation's economic policies, Trump is betraying his own voters - putting the interests of the corporate establishment ahead of working families." --Progressive Congressional Campaign Committee
Should Cohn accept, he and Treasury Secretary nominee Steven Mnuchin, another Goldman alum, would hold "the top two economic policy jobs in the Trump administration," as Vox's Matthew Yglesias observed. White House chief strategist Steve Bannon is also a former Goldman exec.
Sen. Bernie Sanders, who during his presidential campaign vociferously spoke out against the dangers of allowing Wall Street executives to set economic policy, offered a swift response to the news:
\u201cIt\u2019s called a rigged economy and this is how it works. https://t.co/npoLcKQmfJ\u201d— Bernie Sanders (@Bernie Sanders) 1481300204
As head of the NEC, Cohn would hold significant power over the implementation of White House economic policy. According to the agency's website, the NEC 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."
As observers on both sides of the aisle are pointing out, Trump is elevating those at the top of the very Wall Street firm he railed against during his campaign. Cohn's appointment is yet another indication that the agenda of President Trump is a far cry from the populist rhetoric that propelled him to power.
\u201cNumber of former Goldman Sachs execs in Trump's admin: 3. Number of billionaires: 4. Number of "forgotten men and women": 0.\u201d— Alex/Apex Gale (@Alex/Apex Gale) 1481311922
Addressing that disparity, Trump transition adviser Anthony Scaramucci toldCNN on Friday that bringing Wall Street execs on board would somehow "bring the country together."
"I think the cabal against the bankers is over," Scaramucci said. "And I think what Mr. Trump is really trying to do right now is put the country together...and you can see it in his actions in terms of his outreach to so many different people, we really want to bring the country together."
To progressive groups, however, the choice of Cohn is just the latest example of Trump betraying the populist facade he presented to voters during the campaign.
"By choosing Gary Cohn and other Goldman Sachs crony capitalists to lead our nation's economic policies," said the Progressive Change Campaign Committee in a statement, "Trump is betraying his own voters - putting the interests of the corporate establishment ahead of working families."
In addition to Goldman executives, Trump has lined his cabinet with an out-sized number of military generals and other millionaires and billionaires. "It's the G&G cabinet," Sen. Claire McCaskill (D-Mo.) recently quipped. "It does seem to be fairly limited to Goldman Sachs and generals."
Curiously, Cohn is a registered Democrat and had donated substantial sums to Democrats in years past, including U.S. President Barack Obama and Trump's opponent Hillary Clinton, before more recently giving to GOP lawmakers.
Lauren McCauley
Lauren McCauley is a former senior editor for Common Dreams covering national and international politics and progressive news. She is now the Editor of Maine Morning Star. Lauren also helped produce a number of documentary films, including the award-winning Soundtrack for a Revolution and The Hollywood Complex, as well as one currently in production about civil rights icon James Meredith. Her writing has been featured on Newsweek, BillMoyers.com, TruthDig, Truthout, In These Times, and Extra! the newsletter of Fairness and Accuracy in Reporting. She currently lives in Kennebunk, Maine with her husband, two children, a dog, and several chickens.
"Fox, meet henhouse," was how progressive Sen. Barbara Lee (D-Calif.) and others reacted to the news Friday that Goldman Sachs president and chief operating officer Gary Cohn had been offered the position of National Economic Council (NEC) director by President-elect Donald Trump.
"By choosing Gary Cohn and other Goldman Sachs crony capitalists to lead our nation's economic policies, Trump is betraying his own voters - putting the interests of the corporate establishment ahead of working families." --Progressive Congressional Campaign Committee
Should Cohn accept, he and Treasury Secretary nominee Steven Mnuchin, another Goldman alum, would hold "the top two economic policy jobs in the Trump administration," as Vox's Matthew Yglesias observed. White House chief strategist Steve Bannon is also a former Goldman exec.
Sen. Bernie Sanders, who during his presidential campaign vociferously spoke out against the dangers of allowing Wall Street executives to set economic policy, offered a swift response to the news:
\u201cIt\u2019s called a rigged economy and this is how it works. https://t.co/npoLcKQmfJ\u201d— Bernie Sanders (@Bernie Sanders) 1481300204
As head of the NEC, Cohn would hold significant power over the implementation of White House economic policy. According to the agency's website, the NEC 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."
As observers on both sides of the aisle are pointing out, Trump is elevating those at the top of the very Wall Street firm he railed against during his campaign. Cohn's appointment is yet another indication that the agenda of President Trump is a far cry from the populist rhetoric that propelled him to power.
\u201cNumber of former Goldman Sachs execs in Trump's admin: 3. Number of billionaires: 4. Number of "forgotten men and women": 0.\u201d— Alex/Apex Gale (@Alex/Apex Gale) 1481311922
Addressing that disparity, Trump transition adviser Anthony Scaramucci toldCNN on Friday that bringing Wall Street execs on board would somehow "bring the country together."
"I think the cabal against the bankers is over," Scaramucci said. "And I think what Mr. Trump is really trying to do right now is put the country together...and you can see it in his actions in terms of his outreach to so many different people, we really want to bring the country together."
To progressive groups, however, the choice of Cohn is just the latest example of Trump betraying the populist facade he presented to voters during the campaign.
"By choosing Gary Cohn and other Goldman Sachs crony capitalists to lead our nation's economic policies," said the Progressive Change Campaign Committee in a statement, "Trump is betraying his own voters - putting the interests of the corporate establishment ahead of working families."
In addition to Goldman executives, Trump has lined his cabinet with an out-sized number of military generals and other millionaires and billionaires. "It's the G&G cabinet," Sen. Claire McCaskill (D-Mo.) recently quipped. "It does seem to be fairly limited to Goldman Sachs and generals."
Curiously, Cohn is a registered Democrat and had donated substantial sums to Democrats in years past, including U.S. President Barack Obama and Trump's opponent Hillary Clinton, before more recently giving to GOP lawmakers.
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