April 16, 2017

AT THE eND OF hISTORY...:

Wall Street banker Cohn moving Trump toward moderate policies (James Oliphant and Svea Herbst-Bayliss, 4/16/17, Reuters)

In a White House marked by infighting, top economic aide Gary Cohn, a Democrat and former Goldman Sachs banker, is muscling aside some of President Donald Trump's hard-right advisers to push more moderate, business-friendly economic policies.

Cohn, 56, did not work on Republican Trump's campaign and only got to know him after the November election, but he has emerged as one of the administration's most powerful players in an ascent that rankles conservatives.

Trump refers to his director of the National Economic Council (NEC), as "one of my geniuses," according to one source close to Cohn.

More than half a dozen sources on Wall Street and in the White House said Cohn has gained the upper hand over Trump's chief strategist, Steve Bannon, the former head of the right-wing website Breitbart News and a champion of protectionist trade opposed by moderate Republicans and many big companies.

...you can tell the Democrats from the Right because the former are pro-business, the latter anti-.

Posted by at April 16, 2017 5:59 PM

  

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