By Dan Calabrese ——Bio and Archives--June 22, 2017
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President Donald Trump defended his appointment of several billionaires—including the former President of Goldman Sachs—to his Cabinet and senior posts at a 2020 election campaign rally in Iowa Wednesday. “In those particular positions I just don’t want a poor person. Does that make sense?” Trump said during the rally in Cedar Rapids, Iowa, referring mainly to economic positions. Trump defended his pick of economic adviser Gary Cohn, who was president and chief operating officer of Goldman Sachs from 2006 to 2017. Cohn became a senior adviser despite Trump’s attacks on his rival Hillary Clinton during the 2016 election for getting paid for speaking gigs at the investment bank. During the primaries, Trump accused the bank of having “total control” over his rival Republican Ted Cruz, “just like they have total control over Hillary Clinton.” On Wednesday, Trump’s attitude was different. “When you get the President of Goldman Sachs,” he said, “this is the President of Goldman Sachs! Smart! Having him represent us, he went from massive paydays to peanuts. The peanuts, the little tiny…These are people that are great, brilliant business minds.”
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