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Goldman Sachs giant influence over Washington D.C. is about to get even larger now that Trump is getting set to take office.
Trump just named the longtime second in command at Goldman Sachs, Gary D. Cohn to be his director of the National Economic Council. The National Economic Council oversees economic policy in the White House.
Cohn’s appointment comes on the heels of the nomination of Steven Mnuchin – the former Goldman partner – being nominated to be Treasury secretary. it will mean that economic policy under the president-elect,
Obviously, this means that economic policy in the Donald Trump White House will be almost exclusively shaped by veterans of Wall Street.
The selection of another Goldman Sachs insider is of course at odds with what Donald Trump said during the presidential campaign when he repeatedly attacked Wall Street, the financial elite and more specifically Goldman Sachs.
In fact, in one of his final commercials of the campaign Trump featured the CEO of Goldman Sachs, Lloyd Blankfein saying “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 pockets of a handful of large corporations and political entities.”
The move to tap another Goldman Sachs alumni continues a pattern Trump has established of contradicting his campaign promises to “drain the swamp” and give power back to the people.
During the campaign Trump attacked both Ted Cruz and Hillary Clinton for their supposed connections to Goldman Sachs saying of Ted Cruz, “They have total, total control…Just like they have total control over Hillary Clinton.”
Since becoming president- elect, Donald Trump has filled his future White House with a number of Goldman Sachs alumni, including Mnuchin, a hedge fund manager and a former Goldman trader, and Stephen Bannon, a former Goldman banker who is now Mr. Trump’s chief strategist.
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