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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)
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.
Trump and Musk are on an unconstitutional rampage, aiming for virtually every corner of the federal government. These two right-wing billionaires are targeting nurses, scientists, teachers, daycare providers, judges, veterans, air traffic controllers, and nuclear safety inspectors. No one is safe. The food stamps program, Social Security, Medicare, and Medicaid are next. It’s an unprecedented disaster and a five-alarm fire, but there will be a reckoning. The people did not vote for this. The American people do not want this dystopian hellscape that hides behind claims of “efficiency.” Still, in reality, it is all a giveaway to corporate interests and the libertarian dreams of far-right oligarchs like Musk. Common Dreams is playing a vital role by reporting day and night on this orgy of corruption and greed, as well as what everyday people can do to organize and fight back. As a people-powered nonprofit news outlet, we cover issues the corporate media never will, but we can only continue with our readers’ support. |
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.