{"id":25847,"date":"2017-09-19T20:02:31","date_gmt":"2017-09-20T01:02:31","guid":{"rendered":"http:\/\/olduvai.ca\/?p=25847"},"modified":"2017-09-19T20:02:31","modified_gmt":"2017-09-20T01:02:31","slug":"government-by-goldman","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=25847","title":{"rendered":"Government By Goldman"},"content":{"rendered":"
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GOVERNMENT BY GOLDMAN<\/a><\/h3>\n

Gary Cohn Is Giving Goldman Sachs Everything It Ever Wanted From the Trump Administration<\/strong><\/a><\/p>\n<\/div>\n<\/div>\n<\/div>\n

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STEVE BANNON<\/u> was in the room the day Donald Trump first fell for Gary Cohn. So were Reince Priebus, Jared Kushner, and Trump\u2019s pick for secretary of Treasury,\u00a0Steve Mnuchin. It was the end of November, three weeks after Trump\u2019s improbable victory, and Cohn, then still the president of Goldman Sachs, was at Trump Tower presumably at the invitation of Kushner, with whom he was friendly. Cohn was there to offer his views about jobs and the economy. But, like the man he was there to meet, he was at heart a salesman.<\/p>\n

On the campaign trail, Trump had spoken often about the importance of investing in infrastructure. Yet the president-elect had apparently failed to appreciate that the government would need to come up with hundreds of billions of dollars to fund his plans. Cohn, brash and bold, wired to attack any moneymaking opportunity, pitched a fix that would put Wall Street firms at the center: Private-industry partners could help infrastructure get fixed, saving the federal government from going deeper into debt. The way the moment was captured by the New York Times<\/a>, among other publications<\/a>, Trump was dumbfounded. \u201cIs this true?\u201d he asked. Was a trillion-dollar infrastructure plan likely to increase the deficit by a trillion dollars? Confronted by nodding heads, an unhappy president-elect said, \u201cWhy did I have to wait to have this guy tell me?\u201d<\/p>\n

Within two weeks, the transition team announced that Cohn would take over as director of the president\u2019s National Economic Council.<\/p>\n

…click on the above link to read the rest of the article…<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

GOVERNMENT BY GOLDMAN Gary Cohn Is Giving Goldman Sachs Everything It Ever Wanted From the Trump Administration STEVE BANNON was in the room the day Donald Trump first fell for Gary Cohn. So were Reince Priebus, Jared Kushner, and Trump\u2019s pick for secretary of Treasury,\u00a0Steve Mnuchin. It was the end of November, three weeks after […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[14949,16066,376,6279,5567],"class_list":["post-25847","post","type-post","status-publish","format-standard","hentry","category-economics","tag-gary-cohn","tag-gary-rivlin","tag-goldman-sachs","tag-michael-hudson","tag-the-intercept"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/25847","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=25847"}],"version-history":[{"count":2,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/25847\/revisions"}],"predecessor-version":[{"id":25849,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/25847\/revisions\/25849"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25847"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25847"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25847"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}