Drudge Retort: The Other Side of the News
Friday, August 18, 2017

Investors are counting on Trump aide Gary Cohn to help push through tax reform, Yale management expert Jeffrey Sonnenfeld tells CNBC. The New York Times reported that Cohn is "upset" and "disgusted" with Trump's response to violence in Charlottesville, Virginia. "I think if he steps away, it would crash the markets," Sonnenfeld says. "A number of people" on Wall Street and at Cohn's former firm Goldman Sachs have called him to suggest that he resign from the administration, said CNBC's Andrew Ross Sorkin, who also writes for the Times.

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A White House official told CNBC on Thursday, "Gary intends to remain in his position as NEC Director at the White House. Nothing's changed." The official later clarified to say, "Nothing has changed. Gary is focused on his responsibilities as NEC Director and any reports to the contrary are 100% false."

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Whether it would be a short or long correction, his premise isn't incorrect.

#1 | Posted by GOnoles92 at 2017-08-17 03:50 PM | Reply

No one is buying new cars or private homes. What is being sold is sold on credit to people who would normally not qualify for a credit card, hardly a new car or home. People smart enough to make such purchases are out of the market because of their student loans. Anybody besides me see the problem or a pattern yet?

The next "correction" is overdue. Crash is more like it.

#2 | Posted by john47 at 2017-08-19 03:33 PM | Reply | Funny: 1

"Anybody besides me see the problem or a pattern yet?"

Not enough has trickled down?

#3 | Posted by snoofy at 2017-08-19 04:20 PM | Reply

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Drudge Retort