SUBSCRIBE TO OUR FREE NEWSLETTER
Daily news & progressive opinion—funded by the people, not the corporations—delivered straight to your inbox.
5
#000000
#FFFFFF
5
#000000
#FFFFFF
Outgoing Director of the National Economic Council Gary Cohn puts a note in his pocket while listening to US President Donald J. Trump deliver remarks during a meeting with members of his Cabinet, in the Cabinet Room of the White House March 8, 2018 in Washington, D.C. (Photo: Michael Reynolds-Pool/Getty Images)
Trump Says Gary Cohn Might 'Go Out and Make Another Couple Hundred Million' and Then 'Come Back'
"I don't know if I can put him in the same position though," Trump said. "He's not quite as strong on those tariffs as we want."
Mar 08, 2018
While chief White House economic adviser Gary Cohn is set to leave his post in the coming weeks, President Donald Trump suggested during a cabinet meeting on Thursday that he may eventually return to the administration--but only after he spends some time in the private sector reaping the benefits of the massive tax cuts he helped craft.
"Cohn delivered bigly for Goldman Sachs."
--Gary Rivlin
"He's gonna go out and make another couple hundred million and then he's gonna maybe come back," Trump said of Cohn, an ex-Goldman Sachs executive whose estimated net worth is somewhere between $200-600 million. "We'll be here another seven years, hopefully. That's a long time, but I have a feeling you'll be back."
Watch:
\u201cTrump on tax cuts, last cabinet meeting with Gary Cohn: \n\n"He's going to go out and make another couple hundred million and then he's maybe going to come back... I don't know if I can put him in the same position though. He's not quite as strong on those tariffs as we want."\u201d— NBC Politics (@NBC Politics) 1520528636
Cohn's imminent departure from the White House was first announced on Tuesday, news that came in the midst of a heated dispute over Trump's decision to impose steep tariffs on aluminum and steel--a move Cohn strongly resisted.
As journalist Gary Rivlin noted in a piece for The Intercept on Thursday, Cohn will likely receive a warm welcome from corporate America when he finally returns, given all the "generous gifts" he helped deliver to big business during his year in the White House.
"Cohn delivered bigly for Goldman Sachs," Rivlin writes.
An Urgent Message From Our Co-Founder
Dear Common Dreams reader, The U.S. is on a fast track to authoritarianism like nothing I've ever seen. Meanwhile, corporate news outlets are utterly capitulating to Trump, twisting their coverage to avoid drawing his ire while lining up to stuff cash in his pockets. That's why I believe that Common Dreams is doing the best and most consequential reporting that we've ever done. Our small but mighty team is a progressive reporting powerhouse, covering the news every day that the corporate media never will. Our mission has always been simple: To inform. To inspire. And to ignite change for the common good. Now here's the key piece that I want all our readers to understand: None of this would be possible without your financial support. That's not just some fundraising cliche. It's the absolute and literal truth. We don't accept corporate advertising and never will. We don't have a paywall because we don't think people should be blocked from critical news based on their ability to pay. Everything we do is funded by the donations of readers like you. Will you donate now to help power the nonprofit, independent reporting of Common Dreams? Thank you for being a vital member of our community. Together, we can keep independent journalism alive when it’s needed most. - Craig Brown, Co-founder |
Our work is licensed under Creative Commons (CC BY-NC-ND 3.0). Feel free to republish and share widely.
While chief White House economic adviser Gary Cohn is set to leave his post in the coming weeks, President Donald Trump suggested during a cabinet meeting on Thursday that he may eventually return to the administration--but only after he spends some time in the private sector reaping the benefits of the massive tax cuts he helped craft.
"Cohn delivered bigly for Goldman Sachs."
--Gary Rivlin
"He's gonna go out and make another couple hundred million and then he's gonna maybe come back," Trump said of Cohn, an ex-Goldman Sachs executive whose estimated net worth is somewhere between $200-600 million. "We'll be here another seven years, hopefully. That's a long time, but I have a feeling you'll be back."
Watch:
\u201cTrump on tax cuts, last cabinet meeting with Gary Cohn: \n\n"He's going to go out and make another couple hundred million and then he's maybe going to come back... I don't know if I can put him in the same position though. He's not quite as strong on those tariffs as we want."\u201d— NBC Politics (@NBC Politics) 1520528636
Cohn's imminent departure from the White House was first announced on Tuesday, news that came in the midst of a heated dispute over Trump's decision to impose steep tariffs on aluminum and steel--a move Cohn strongly resisted.
As journalist Gary Rivlin noted in a piece for The Intercept on Thursday, Cohn will likely receive a warm welcome from corporate America when he finally returns, given all the "generous gifts" he helped deliver to big business during his year in the White House.
"Cohn delivered bigly for Goldman Sachs," Rivlin writes.
While chief White House economic adviser Gary Cohn is set to leave his post in the coming weeks, President Donald Trump suggested during a cabinet meeting on Thursday that he may eventually return to the administration--but only after he spends some time in the private sector reaping the benefits of the massive tax cuts he helped craft.
"Cohn delivered bigly for Goldman Sachs."
--Gary Rivlin
"He's gonna go out and make another couple hundred million and then he's gonna maybe come back," Trump said of Cohn, an ex-Goldman Sachs executive whose estimated net worth is somewhere between $200-600 million. "We'll be here another seven years, hopefully. That's a long time, but I have a feeling you'll be back."
Watch:
\u201cTrump on tax cuts, last cabinet meeting with Gary Cohn: \n\n"He's going to go out and make another couple hundred million and then he's maybe going to come back... I don't know if I can put him in the same position though. He's not quite as strong on those tariffs as we want."\u201d— NBC Politics (@NBC Politics) 1520528636
Cohn's imminent departure from the White House was first announced on Tuesday, news that came in the midst of a heated dispute over Trump's decision to impose steep tariffs on aluminum and steel--a move Cohn strongly resisted.
As journalist Gary Rivlin noted in a piece for The Intercept on Thursday, Cohn will likely receive a warm welcome from corporate America when he finally returns, given all the "generous gifts" he helped deliver to big business during his year in the White House.
"Cohn delivered bigly for Goldman Sachs," Rivlin writes.
We've had enough. The 1% own and operate the corporate media. They are doing everything they can to defend the status quo, squash dissent and protect the wealthy and the powerful. The Common Dreams media model is different. We cover the news that matters to the 99%. Our mission? To inform. To inspire. To ignite change for the common good. How? Nonprofit. Independent. Reader-supported. Free to read. Free to republish. Free to share. With no advertising. No paywalls. No selling of your data. Thousands of small donations fund our newsroom and allow us to continue publishing. Can you chip in? We can't do it without you. Thank you.