Trump Used to Hate Goldman Sachs. What Happened?
Donald Trump is taking quite a bit of flak for appointing Goldman Sachs President and Chief Operating Officer Gary Cohn to be his National Economic Council Director.
BREAKING: President-elect Trump picks Goldman Sachs president & COO Gary Cohn to be National Economic Council Director – @NBCNews
— CNBC Now (@CNBCnow) December 9, 2016
Cohn marks the fourth Goldman Sachs appointment into the administration. He joins 17-year Goldman Sachs veteran Steve Mnuchin, who was nominated to be Secretary of the Treasury, and former Goldman Sachs investment banker and managing partner Steven K. Bannon, Trump’s chief strategist, in the cabinet. Also, Anthony Scaramucci, who spent seven years at Goldman Sachs, is advising the president-elect on the transition team.
This coziness with Goldman Sachs stands in stark contrast to statements President-elect Trump made on the campaign trail. Trump pointedly attacked rival Republican Sen. Ted Cruz, R-Texas (A, 97%) repeatedly on the issue of Cruz’s connections to the financial giant. Cruz’s wife Heidi is a former Goldman Sachs employee.
Is Cruz honest? He is in bed w/ Wall St. & is funded by Goldman Sachs/Citi, low interest loans. No legal disclosure & never sold off assets.
— Donald J. Trump (@realDonaldTrump) January 23, 2016
Cruz says I supported TARP, which gave $25 million to Goldman Sachs, the bank which loaned him the money he didn't disclose. Puppet!
— Donald J. Trump (@realDonaldTrump) January 23, 2016
Was there another loan that Ted Cruz FORGOT to file. Goldman Sachs owns him, he will do anything they demand. Not much of a reformer!
— Donald J. Trump (@realDonaldTrump) January 16, 2016
“I know the guys at Goldman Sachs,” Trump once said. “They have total, total control over [Cruz]. Just like they have total control over Hillary Clinton.”
Despite all that rhetoric blasting Goldman Sachs, Trump has not hesitated to move Goldman Sachs alumni into positions of power in his administration. Several people have picked up on the hypocrisy.
Trump attacked wall street, attacked Cruz on Goldman Sachs relationship, attacked Clinton on same, now surrounds himself with Goldman Sachs.
— Matthew Dowd (@matthewjdowd) December 9, 2016
Trump 1.0: NO GOLDMAN SACHS! Trump 2.0: Okay one Goldman Sachs. Trump 3.0: Three. Six, tops. Trump 4.0: We're having team shirts made.
— (((Popehat))) (@Popehat) December 2, 2016
In the primaries, Trump wanted you to believe that Goldman Sachs was evil and anyone it touched was unworthy of high office. That was fun.
— Brad Thor (@BradThor) November 30, 2016
1 Trump didn't take money from Goldman Sachs.
2 Trump owns them.
3 Hillary took money from them.
4 They own Hillary.Big difference!
— Tennessee GOP (@TEN_GOP) December 9, 2016
Will Donald Trump’s most ardent supporters be concerned with the appointment?
1 Trump didn't take money from Goldman Sachs.
2 Trump owns them.
3 Hillary took money from them.
4 They own Hillary.Big difference!
— Tennessee GOP (@TEN_GOP) December 9, 2016
We’ll have to wait and see. (For more from the author of “Trump Used to Hate Goldman Sachs. What Happened?” please click HERE)
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