We reported last week that Donald Trump was slated to appoint Goldman Sachs president Gary Cohn to head up the National Economic Council. Today, multiple media outlets, including CNN, are confirming that Trump has his sights set to put the financial giant’s leader in that spot.
Cohn is known as a markets expert and has been seen as the heir apparent to CEO Lloyd Blankfein. Yet Blankfein, who is now cancer free after a battle with lymphoma, hasn’t signaled a desire to step down after a decade in the top job.
If he joins Trump’s team, Cohn would follow in the footsteps of a number of others with Goldman ties. The links to Goldman are already riling Trump’s critics, including Sen. Bernie Sanders, who like Trump ran as an anti-establishment candidate. “It’s called a rigged economy and this is how it works,” Sanders tweeted out with a link to the news.
Cohn’s economic expertise is not in question, but the number of candidates with ties to the very financial firms that have created a rather large mess (albeit not on their own – thanks, government!) after running a campaign based on “draining the swamp” and representing the little guy? That’s in question.
For all we know, Trump has made a solid call here, but it certainly doesn’t look like he really is as interested in the little guy as he said.