As the Washington Post reports:
President Trump’s top economic adviser resigned on Tuesday, leaving the White House after losing a major battle with other aides over the implementation of protectionist tariffs on steel and aluminum.
White House National Economic Council Gary Cohn, the former president of Goldman Sachs, leaves a Trump administration that has pivoted sharply from last year’s business friendly tax cuts towards a much more protectionist approach.
In the past week, Trump has said he will impose tariffs that hit imports from Canada, Germany, Mexico, the United Kingdom, Turkey, South Korea, and a range of other countries, threatening to escalate the penalties if any nation dare to retaliate.
This came after Cohn spent months trying to steer Trump away from tariffs and trade wars, with Trump eventually being outmaneuvered by Commerce Secretary Wilbur Ross, trade advisor Peter Navarro, and ultimately Trump himself.
Larry Kudlow is the early favorite in the clubhouse to succeed Cohn.
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Not sure whether to laugh or cry — Gary Cohn and Larry Kudlow are two peas in a pod.
Here is Paul Krugman's concise analogy of their holy grail tax cut:
Kudlow is a loyal Trumper whose economic mentor is Arthur Laffer. Here's an example of Kudlow's economic prowess:
The question we need to be asking wrt every daily story is this:
"Does this help the Russians".
In this case Cohn was considered a voice opposing Trump's protectionist policies. Raising tariffs and starting a trade war causes disruption in the US-Europe relationship.
So, I'd say Russia wins again.
Another member of The New World Order is expelled from the Dumpster’s orbit thanks to Obama’s chemtrail program.
I didn't know Cohn was a supporter of the great bicycle takeover… I've got to get on to InfoWars so I can catch up.
No you don't…..If you do, you'll be treated to Alex Jones doing his bare-chested horseback riding schtick.
… and
MichaelJohn Bolton met with Trump today, possibly signaling that HR McMaster is soon to be replaced as National Security Advisor. Oh – and Trump is reportedly encouraging Scaramucci to attack Chief of Staff Kelly.Lots of energy in the White House staff – everyone wants to work there.
We're doomed. Not the country – the world.
Bolton is insane. He literallybelieves we can win a nuclear war. Plus, he has the worst moustache since hitler.
Bolton is insane.
Then he should fit right in with the rest of them.
I'm somewhat certain Bolton not only believes that, but is also of the opinion that the US just doesn't need anyone else. Probably don't need 3/4 of the US either…
I don't want to think about him whispering in Trump's ear every day.
Gary Cohn is a Democrat. We shouldn't forget that.