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When Donald Trump named Goldman Sachs alum Gary Cohn as Director of his Council of Economic Advisors, critics took aim at the fact that Cohn hailed from the world's most hated investment bank, contra Trump's pledge to drain the Washington swamp.

But the more interesting fact about Cohn should be that he doesn't appear to agree with his boss on economics.

Former Bush Administration economist Scott Sumner flagged a compendium of Cohn's recent public interviews, in which he espoused:

  • That the Chinese yuan is actually overvalued, rather than unduly cheap as the result of currency manipulation;
  • Globalization is a force that can't be stopped by U.S. economic policy; and
  • Skepticism as to whether a Dodd-Frank repeal would be good for American banks and the U.S. economy.

When Cohn was picked Republicans were uneasy over Cohn's history of supporting Democrats. And Trump won the election promoting an economic ideology that is antithetical to everything Cohn represents and has advocated for in recent years.

So what draws Trump to Cohn? As he said in a statement announcing the move, "Gary Cohn is going to put his talents as a highly successful businessman to work for the American people." In other words, a winning track record—and looking the part—matter much more to the president-elect than ideology.

Go deeper

Updated 30 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Eniola Odetunde/Axios

  1. Health: Most vulnerable Americans aren't getting enough vaccine information — Fauci says Trump administration's lack of facts on COVID "very likely" cost lives.
  2. Education: Schools face an uphill battle to reopen during the pandemic.
  3. Vaccine: Florida requiring proof of residency to get vaccine — CDC extends interval between vaccine doses for exceptional cases.
  4. World: Hong Kong puts tens of thousands on lockdown as cases surge — Pfizer to supply 40 million vaccine doses to lower-income countries — Brazil begins distributing AstraZeneca vaccine.
  5. Sports: 2021 Tokyo Olympics hang in the balance.
  6. 🎧 Podcast: Carbon Health's CEO on unsticking the vaccine bottleneck.

DOJ: Capitol rioter threatened to "assassinate" Alexandria Ocasio-Cortez

Supporters of former President Trump storm the U.S. Captiol on Jan. 6. Photo: Kent Nishimura / Los Angeles Times via Getty Images

A Texas man who has been charged with storming the U.S. Capitol in the deadly Jan. 6 siege posted death threats against Rep. Alexandria Ocasio-Cortez (D-N.Y.), the Department of Justice said.

The big picture: Garret Miller faces five charges in connection to the riot by supporters of former President Trump, including violent entry and disorderly conduct on Capitol grounds and making threats. According to court documents, Miller posted violent threats online the day of the siege, including tweeting “Assassinate AOC.”

Schumer calls for IG probe into alleged plan by Trump, DOJ lawyer to oust acting AG

Jeffrey Clark speaks next to Deputy US Attorney General Jeffrey Rosen at a news conference in October. Photo: Yuri Gripas/AFP via Getty Images.

Senate Majority Leader Chuck Schumer (D-N.Y.) on Saturday called for the Justice Department inspector general to investigate an alleged plan by former President Trump and a DOJ lawyer to remove the acting attorney general and replace him with someone more willing to investigate unfounded claims of election fraud.

Driving the news: The New York Times first reported Friday that the lawyer, Jeffrey Clark, allegedly devised "ways to cast doubt on the election results and to bolster Mr. Trump’s continuing legal battles and the pressure on Georgia politicians. Because Mr. [Jeffrey] Rosen had refused the president’s entreaties to carry out those plans, Mr. Trump was about to decide whether to fire Mr. Rosen and replace him with Mr. Clark."