Gary Cohn to Resign as Trump’s Top Economic Adviser - Polidicks

[B][U]Gary Cohn to Resign as Trump’s Top Economic Adviser[/U][/B] [url]https://www.nytimes.com/2018/03/06/us/politics/gary-cohn-resigns.html?smid=tw-share[/url] [QUOTE] [B]Gary D. Cohn, President Trump’s top economic adviser, plans to resign, becoming the latest in a series of high-profile departures from the Trump administration, White House officials said on Tuesday.[/B] The officials insisted there was no single factor behind the departure of Mr. Cohn, who heads the National Economic Council. But his decision to leave came after he seemed poised to lose an internal struggle amid a Wild West-style process over Mr. Trump’s plan to impose large tariffs on steel and aluminum imports. “Gary has been my chief economic adviser and did a superb job in driving our agenda, helping to deliver historic tax cuts and reforms and unleashing the American economy once again,” Mr. Trump said in a statement to The New York Times. “He is a rare talent, and I thank him for his dedicated service to the American people.” [B]Mr. Cohn is expected to leave in the coming weeks. He will join a string of recent departures by senior White House officials, including Mr. Trump’s communications director and a powerful staff secretary.[/B] [B]Yet the departure of Mr. Cohn, a free-trade oriented Democrat who fended off a number of nationalist-minded policies during his year in the Trump administration, could have a ripple effect on the president’s economic decisions and on the financial sector. [/B][/QUOTE] [QUOTE][B]Mr. Trump’s announcement last week that he would levy tariffs on aluminum and steel imports was the most immediate catalyst for Mr. Cohn’s departure, according to people familiar with his thinking.[/B] Mr. Cohn, a longtime proponent of free trade, believed the decision could jeopardize economic growth.[/QUOTE] "Finely oiled machine"

I feel like Trump is trying to pull a Ship of Theseus situation with all these replacements

I think it's more to do with more and more of Trump's circle realizing just how fast the ship is sinking, and think they can escape going down in history along with '[i]The worst, most corrupt President/Politicians in history being be charged with [b][[u]Insert Money laundering, Treason and/or various Obstruction of Justice charges here[/u]][/i][/b]' if they jump ship before the charges are actually brought forward. But if any of them were directly involved, only their god can save them now. History has it's eyes on Trump, everyone involved with him, and our entire country choosing to either berate or defend him.

[QUOTE=Solece;53182310]I think it's more to do with more and more of Trump's circle realizing just how fast the ship is sinking, and think they can escape going down in history along with '[i]The worst, most corrupt President/Politicians in history being be charged with [b][[u]Insert Money laundering, Treason and/or various Obstruction of Justice charges here[/u]][/i][/b]' if they jump ship before the charges are actually brought forward. But if any of them were directly involved, only their god can save them now. History has it's eyes on Trump, everyone involved with him, and our entire country choosing to either berate or defend him.[/QUOTE] Boy I bet ol Trump is wishing his ass stuck to making cheap lame ass shows.

[QUOTE=Daddy-of-war;53182349]Boy I bet ol Trump is wishing his ass stuck to making cheap lame ass shows.[/QUOTE] I doubt it really weighs heavily on his mind seeing as he spends most of his time tweeting or playing golf.

Trump's [URL="https://www.npr.org/2018/01/19/578858897/turnover-in-trumps-white-house-is-record-setting-and-it-isn-t-even-close"]year-one staff turnover[/URL] is twice as high as the second highest (Reagan) and over three times as high as Obama's. [media]https://twitter.com/realDonaldTrump/status/971006379375972354[/media]

bbbbut he said yesterday he will be around foreeeever, and trump said he had the utmost confidence in him, and then there was all the fox and friends saying it was all cool, what happened! surely they weren't all lying to me?!

[QUOTE=hypno-toad, four days ago;53170696]I wonder who is going to star in "leaving the whitehouse staff" next week.[/QUOTE] and the ball keeps on rolling

meanwhile at fox news, the house rubes are DEMANDING another special council to investigate the fisa abuses they cited in their memo

[QUOTE=Raidyr;53182440]Trump's [URL="https://www.npr.org/2018/01/19/578858897/turnover-in-trumps-white-house-is-record-setting-and-it-isn-t-even-close"]year-one staff turnover[/URL] is twice as high as the second highest (Reagan) and over three times as high as Obama's. [media]https://twitter.com/realDonaldTrump/status/971006379375972354[/media][/QUOTE] I don't know why but the idea of the president screaming "THERE IS NO CHAOS, ONLY GREAT ENERGY" is hilarious to me.

[QUOTE=Raidyr;53182440]Trump's [URL="https://www.npr.org/2018/01/19/578858897/turnover-in-trumps-white-house-is-record-setting-and-it-isn-t-even-close"]year-one staff turnover[/URL] is twice as high as the second highest (Reagan) and over three times as high as Obama's. [media]https://twitter.com/realDonaldTrump/status/971006379375972354[/media][/QUOTE] It is heresy to think the forces of Chaos are in the palace of the Emperor. On topic, mildly surprised trump had any democrats in his staff.

[QUOTE=RainbowStalin;53182470]I don't know why but the idea of the president screaming "THERE IS NO CHAOS, ONLY GREAT ENERGY" is hilarious to me.[/QUOTE] [video]https://youtu.be/zDAmPIq29ro[/video] it always makes me think of this

[QUOTE=Sableye;53182506][video]https://youtu.be/zDAmPIq29ro[/video] it always makes me think of this[/QUOTE] [media]https://www.youtube.com/watch?v=pdFl__NlOpA[/media]

[QUOTE=TheBorealis;53182480] On topic, mildly surprised trump had any democrats in his staff.[/QUOTE] Because Cohn is economically a neoliberal. He was a big proponent of the tax cuts.

[QUOTE=Raidyr;53182525]Because Cohn is economically a neoliberal. He was a big proponent of the tax cuts.[/QUOTE] Just a bit weird he wouldn't pick a republican with similar ideas.

Trump was a Democrat his entire life until this election idk why everyone forgets that

[QUOTE=Hilton;53182670]Trump was a Democrat his entire life until this election idk why everyone forgets that[/QUOTE] He switched parties a lot, even briefly becoming Independent once or twice.

[QUOTE=Hilton;53182670]Trump was a Democrat his entire life until this election idk why everyone forgets that[/QUOTE] Trump doesn't know what Trump is, he's pro-peace and pro-war. He was a democrat simply because he hobnobbed with democrats. If you read his positions and interviews from at least 2000 onwards, its pretty clear he's a republican

[QUOTE=BlindSniper17;53182680]He switched parties a lot, even briefly becoming Independent once or twice.[/QUOTE] also there used to be a lot more conservatives in the party than there is now.

[QUOTE=Sableye;53182684]Trump doesn't know what Trump is, he's pro-peace and pro-war. He was a democrat simply because he hobnobbed with democrats. If you read his positions and interviews from at least 2000 onwards, its pretty clear he's a republican[/QUOTE] If you read his Tweets from 2008 onward, he's basically screaming at himself.

[QUOTE=RainbowStalin;53182470]I don't know why but the idea of the president screaming "THERE IS NO CHAOS, ONLY GREAT ENERGY" is hilarious to me.[/QUOTE] "THE ENERGIES OF CHAOS, YES, YES....CAN YOU HEAR THE VOICES TOO???"

[media]https://twitter.com/maggieNYT/status/971128711935414272[/media] Lol

[media]https://twitter.com/AP/status/971474590856876032[/media] So, it seems there might be "exceptions" to the tariffs after all. It's still a stupid idea in the first place, but thankfully a little bit less stupid.

[URL="http://business.financialpost.com/news/economy/take-that-trump-how-the-wto-can-authorize-canada-to-hit-u-s-with-us3-2b-in-retaliation-measures"]Canada could theoretically be authorized by the WTO to apply $3.2 billion in retaliatory tariffs[/URL] if the tariffs do in fact go through without an exception for it, [I]and[/I] if the WTO determines the Trump tariffs are inappropriate. We probably wouldn't wait for the WTO to get back to us on that in a few years, and would just slap tariffs on stuff -- and so are like 20 other countries. :v: [URL="https://facepunch.com/showthread.php?t=1595153"]And wasn't it just two days ago that he was trying to be Big Dick Donnie and hold tariffs over us as an intimidation threat to renegotiate NAFTA to favour the US?[/URL] He's the best negotiator, crumbles on his positions in less than 72 hours, he makes the BEST deals.

Apart from the looming FBI investigation, I got the impression that, as chief economic adviser, this guy was probably like "fuck this shit you moron, I'm out" as soon as Trump announced these boneheaded tariffs. When even the damn National Review is saying how stupid it is that Trump thinks "trade wars are easy to win," you know the economy is a lost cause under the current administration.

[QUOTE=CyclonatorZ;53184599]Apart from the looming FBI investigation, I got the impression that, as chief economic adviser, this guy was probably like "fuck this shit you moron, I'm out" as soon as Trump announced these boneheaded tariffs. When even the damn National Review is saying how stupid it is that Trump thinks "trade wars are easy to win," you know the economy is a lost cause under the current administration.[/QUOTE] A trade war COULD be easy to win for the US, if we ourselves didn't rely so much on cheap foreign trade, even for something as "relatively cheap" as steel. As has been mentioned elsewhere, US steel manufacturing capacity is WAAAY down even from what it was 30 years ago IIRC, and there's less and less people who are experienced in making that "good American steel" as time goes on, since so many foundries have already been shuttered. [url]https://www.sfsa.org/news/2017/appendices%2006-2017.pdf[/url] [url]https://tradingeconomics.com/united-states/steel-production[/url] Meanwhile, as a global producer: [url]http://money.cnn.com/2018/03/02/news/economy/steel-industry-statistics-us-china-canada/index.html[/url] But on the bright side, maybe the scrap yard will finally pay more than $.35/lbs. for those aluminum cans I've been saving up... :downs:

[QUOTE=elixwhitetail;53184389][URL="http://business.financialpost.com/news/economy/take-that-trump-how-the-wto-can-authorize-canada-to-hit-u-s-with-us3-2b-in-retaliation-measures"]Canada could theoretically be authorized by the WTO to apply $3.2 billion in retaliatory tariffs[/URL] if the tariffs do in fact go through without an exception for it, [I]and[/I] if the WTO determines the Trump tariffs are inappropriate. We probably wouldn't wait for the WTO to get back to us on that in a few years, and would just slap tariffs on stuff -- and so are like 20 other countries. :v: [URL="https://facepunch.com/showthread.php?t=1595153"]And wasn't it just two days ago that he was trying to be Big Dick Donnie and hold tariffs over us as an intimidation threat to renegotiate NAFTA to favour the US?[/URL] He's the best negotiator, crumbles on his positions in less than 72 hours, he makes the BEST deals.[/QUOTE] it didn't even take years when bush did the exact same thing (wonder where trump got the idea...?) we lost 200,000 jobs in 18 months to protect 156,000 jobs, the WTO had us nailed in 18months with 2 billion at the time authorized in retaliation, bush withdrew the tarrifs within weeks, and even by then he had exempted 25% of steel consumers anyways, so the whole thing cost us jobs, goodwill, and our reputation. [editline]7th March 2018[/editline] [QUOTE=Zero-Point;53185233]A trade war COULD be easy to win for the US, if we ourselves didn't rely so much on cheap foreign trade, even for something as "relatively cheap" as steel. As has been mentioned elsewhere, US steel manufacturing capacity is WAAAY down even from what it was 30 years ago IIRC, and there's less and less people who are experienced in making that "good American steel" as time goes on, since so many foundries have already been shuttered. [url]https://www.sfsa.org/news/2017/appendices%2006-2017.pdf[/url] [url]https://tradingeconomics.com/united-states/steel-production[/url] Meanwhile, as a global producer: [url]http://money.cnn.com/2018/03/02/news/economy/steel-industry-statistics-us-china-canada/index.html[/url] But on the bright side, maybe the scrap yard will finally pay more than $.35/lbs. for those aluminum cans I've been saving up... :downs:[/QUOTE] there's really no simple solution to our steel, (go figure, complex problems don't have simple solutions ever) a better thing to do would be for the government to help invest in steel technology development and adoption, something that stops short of directly subsidizing our steel industry. We have to figure out a way to make it cheaper than our competitors, something that is just really hard to do without a large investment like we built the largest heaviest presses in the world in the 50s and let private industry run them and those presses bring huge economic gain for their communities

[QUOTE=Sableye;53185266]We have to figure out a way to make it cheaper than our competitors, something that is just really hard to do without a large investment[/QUOTE] reduce the minimum wage to $2/hour :downs:

[QUOTE=Blackavar;53185323]reduce the minimum wage to $2/hour :downs:[/QUOTE] Don't tempt them

[QUOTE=Zero-Point;53185233]A trade war COULD be easy to win for the US, if we ourselves didn't rely so much on cheap foreign trade, even for something as "relatively cheap" as steel. As has been mentioned elsewhere, US steel manufacturing capacity is WAAAY down even from what it was 30 years ago IIRC, and there's less and less people who are experienced in making that "good American steel" as time goes on, since so many foundries have already been shuttered. [URL]https://www.sfsa.org/news/2017/appendices 06-2017.pdf[/URL] [URL]https://tradingeconomics.com/united-states/steel-production[/URL] Meanwhile, as a global producer: [URL]http://money.cnn.com/2018/03/02/news/economy/steel-industry-statistics-us-china-canada/index.html[/URL] But on the bright side, maybe the scrap yard will finally pay more than $.35/lbs. for those aluminum cans I've been saving up... :downs:[/QUOTE] no one wins trade wars