A Kamala Harris win and a Democratic sweep would give the biggest boost to the economy, Goldman Sachs says
https://qz.com/kamala-harris-donald-trump-gdp-economy-goldman-sachs-1851639343
https://qz.com/kamala-harris-donald-trump-gdp-economy-goldman-sachs-1851639343
40 Comments
LEDZeppelin@lemmy.world · 71 pts · 1y
Fuck Goldman Sucks. These assholes were all over the place helping Tump during his presidency. Tump’s treasury secretary was literally Goldman Sacks executive.
paf0@lemmy.world · 31 pts · 1y
Not as high up, but sometimes they worked for Biden too, on the 2020 transition team and a manufacturing program:
https://www.politico.com/newsletters/transition-playbook/2020/12/14/goldman-sachs-vets-quietly-added-to-biden-transition-491143
https://finance.yahoo.com/news/goldman-banker-quits-join-biden-154522984.html
empireOfLove2@lemmy.dbzer0.com · 39 pts · 1y
Capital plays both sides so it always comes out on top.
Maeve@kbin.earth · 0 pts · 1y
Mfw I learned Blackstone people are writing her economic policies.
the_post_of_tom_joad@sh.itjust.works · 25 pts · 1y
Cryophilia@lemmy.world · 3 pts · 1y
Both
az04@lemmy.world · 4 pts · 1y
Yep, when stocks start going south, the first thing to do is lower wages/fire people and the second is heighten prices.
People shouldn't be under the idea that problems in wall street mean the rich are becoming poor. It means the rich will be less rich and the poor will lose their jobs and suffer higher prices. The GFC was proof that wall street fucks up and the rest of the population finds out.
Ferris@infosec.pub · -2 pts · 1y
duh your poor ass type of sweep, dingdong
rothaine@lemm.ee · 23 pts · 1y
Kamala: "I won't raise the capital gains tax as much"
Shortly thereafter: "she's good for the economy'
These rich fucks have us bent over the table. Any time one of them says something will be 'bad for the economy", interpret it as a threat and it makes way more sense
orcrist@lemm.ee · 15 pts · 1y
meowMix2525@lemm.ee · 1 pts · 1y
but... but banks are people too 😢
Maeve@kbin.earth · 0 pts · 1y
With coastal areas and islands being absorbed by the oceans, I wonder if yachts can be utilized and fitted to accommodate the displaced, in any meaningful way?
would_be_appreciated@lemmy.ml · 14 pts · 1y
Assuming by "economy" we mean "wall street's ledgers," there could easily be a massive correction/recession/depression coming up, and the president wouldn't make much of a difference there. What they do to recover from it could differ a lot, as seen with Trump/Biden, Bush/Obama, or any number of older examples.
Ferris@infosec.pub · 0 pts · 1y
hey they managed to keep it stable for a term despite the odds
N0body@lemmy.dbzer0.com · 14 pts · 1y
Even the Vampire Squid has issues with fascism when it's built around an erratic dictator in obvious cognitive decline. They're okay with squeezing a little less for a few years if it means the entire system doesn't collapse in on itself.
GraniteM@lemmy.world · 3 pts · 1y
Trump abandoning NATO, Russia going on the war path, and full-blown nuclear World War 3 would probably be bad for business.
Rapidcreek@lemmy.world · 13 pts · 1y
Today I'm looking at battlegrounds...
Arizona: Trump 47%, Harris 45%
Georgia: Trump 47%, Harris 45%
Michigan: Harris 48%, Trump 43%
Nevada: Harris 49%, Trump 46%
North Carolina: Trump 46%, Harris 45%
Pennsylvania: Harris 46%, Trump 45%
Wisconsin: Harris 47%, Trump 44%
I think Arizona is under polling Dems again. Nonetheless, overall, if polling averages in the other states are accurate this would give Harris a narrow lead in the electoral college, 276 to 262.
toynbee@lemmy.world · 9 pts · 1y
The prevalence of 45 and 47 among those numbers is kind of amusing.
odelik@lemmy.today · 6 pts · 1y
Don't under estimate the tribes from showing up and swinging AZ blue again.
PunnyName@lemmy.world · 11 pts · 1y
Should we give a shit about what Goldman Sachs says?
paf0@lemmy.world · 17 pts · 1y
Not usually, but it's nice to know that wall street sees Trump as bad for the economy.
SteefLem@lemmy.world · 3 pts · 1y
And these ppl dont like it when things are bad for their moneys
Enthusiasticwhale@lemmy.world · 11 pts · 1y
Neat if true
TransplantedSconie@lemm.ee · 24 pts · 1y
It is because the dipshit's planning ten percent tariffs on everything coming into the united states.
That's a 10% increase in tax for all of us in the US across the board.
billiam0202@lemmy.world · 5 pts · 1y
And if you have any savings, that's 10% less money you'll have.
If you don't have any savings, guess what happens when the price of everything increases 10%?
(This is also why flat taxes are stupid. It's because they're regressive.)
Bumblefumble@lemm.ee · 2 pts · 1y
Well, 9.1% less money, but yes ;)
hemmes@lemmy.world · 4 pts · 1y
This guy calculates
UnderpantsWeevil@lemmy.world · 11 pts · 1y
"Hey Wall Street, which campaign are you donating the most money towards?"
In About-Face, Wall Street’s Big Donors Warm to Trump
SGforce@lemmy.ca · 6 pts · 1y
That article is from May and only site's hedge fund billionaires.
UnderpantsWeevil@lemmy.world · 7 pts · 1y
I hear they've got a bit of money between them. You're talking about institutions that control roughly 80% of the entire S&P market cap.
ReallyActuallyFrankenstein@lemmynsfw.com · 1 pts · 1y
*cite's
(... /s)
SGforce@lemmy.ca · 2 pts · 1y
Brain fart. Yeah
Xatolos@reddthat.com · 7 pts · 1y
CitizenKong@lemmy.world · 1 pts · 1y
This is also true for literally any conservative government in the rest of the world too. Fascists are particularly bad for the economy (since they usually funnel all the money to themselves).
Got_Bent@lemmy.world · 4 pts · 1y
Ted's wife is a bigwig with Sachs. I wonder if she had input with this.
DogPeePoo@lemm.ee · 4 pts · 1y
Ted who?
Laereht@lemmy.world · 10 pts · 1y
I assumed it was Ted Cruz and I was proven correct. As much as I have disdain for both of them, I'd love to see Heidi exact some revenge on Trump for his misogynist drivel directed her way as an insult to her husband (who deserves far worse)
DogPeePoo@lemm.ee · 7 pts · 1y
Dollars to donuts Ted and Heidi Cruz are both voting for Dotard Trump.
Laereht@lemmy.world · 3 pts · 1y
There's no doubt. We just gotta hope their duplicity can work in our favor some of the time
DogPeePoo@lemm.ee · 1 pts · 1y
This is true
01011@monero.town · 1 pts · 1y
Great for the oligarchy who sponsor this ridiculous popularity contest.
Terrible for the rest of us.
paf0@lemmy.world · 4 pts · 1y
Trump is such a threat that we'll all take the status quo and we'll like it.
MediaBiasFactChecker@lemmy.world · -5 pts · 1y
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