Goldman Sachs: Democratic "blue wave" would "likely result in substantially easier US fiscal policy"

[ηєω ƒяσηтιєя]

https://twitter.com/JimPethokoukis/status/1313162920981913600
But-but-but Republicans are better for the economy!!!

[OSR stands with Israel]

The Trade War with China should be escalated significantly . The goal should be to reduce trade with them as much as we had with the soviets


We are in a New Cold War and we need to win it

[KaiserDave]

The Trade War with China should be escalated significantly . The goal should be to reduce trade with them as much as we had with the soviets


We are in a New Cold War and we need to win it

But that Cold War policy wasn't a successful or good one, Carter was wrong on that. The USSR collapsed not because we refused to trade with them but because of internal issues.

PNTR was a mistake, but the tariff war just isn't working.

[○∙◄☻¥tπ[╪AV┼cVê└]

Democrats are the Wall Street party.

[Santander]

Democrats are the Wall Street party.

This, but in a good way.

[President Johnson]

It's obvious by comparing the last two presidents of each party that Democratic presidents are better for the economy overall. Republicans haven't even "fiscal responsibility" going for them, since Bubba and Obama were the only presidents in 50 years who reduced the deficit. Dubya and Trump squandered it, as did Republican hero Ronald Reagan, who increased the deficit by 179%.

[GP270watch]

 Yeah Trump likes to tout his economic bonafides all the time and in reality he's such a mediocre economic President.

[Horus]

This is not an endorsement Democrats should want.

[OSR stands with Israel]

It's obvious by comparing the last two presidents of each party that Democratic presidents are better for the economy overall. Republicans haven't even "fiscal responsibility" going for them, since Bubba and Obama were the only presidents in 50 years who reduced the deficit. Dubya and Trump squandered it, as did Republican hero Ronald Reagan, who increased the deficit by 179%.

The defict went up under Reagan as the US had to rebuild our military which had been severely cut in the post Vietnam years , and counter the Soviets all across the world .

The tax cuts were also needed to help our economy get out of the stagflation of the 1970s and they did cause they helped increase aggregate supply which was needed as stagflation was caused by a supply shock .

His 1986 tax reform was revenue neutral so it had no impact on the defict , it was his 1981 tax cut that increased it and that was to help our economy recover .


Lastly beginning in 1983 the US began arguably its best 18 year economic stretch we ever have had

[Santander]

This is not an endorsement Democrats should want.

Hillary just gave really good speeches.

[The Righteous Tip of the Abundance Spear]

What a silly thread. Goldman Sachs endorses a Democratic plan, and Democrats say "See, our plan is good for the economy!" Goldman Sachs opposes a Democratic plan, and Democrats say "We don't want their endorsement anyway, this proves we're on the side of the little guy!" Either way, red avs will find a way to take it as a net positive.

[Santander]

What a silly thread. Goldman Sachs endorses a Democratic plan, and Democrats say "See, our plan is good for the economy!" Goldman Sachs opposes a Democratic plan, and Democrats say "We don't want their endorsement anyway, this proves we're on the side of the little guy!" Either way, red avs will find a way to take it as a net positive.

That's exactly what Republicans do.

[🐒Gods of Prosperity🔱🐲💸]

"easier fiscal policy" is another way to say more willingness for deficit spending, right?

[ηєω ƒяσηтιєя]

What a silly thread. Goldman Sachs endorses a Democratic plan, and Democrats say "See, our plan is good for the economy!" Goldman Sachs opposes a Democratic plan, and Democrats say "We don't want their endorsement anyway, this proves we're on the side of the little guy!" Either way, red avs will find a way to take it as a net positive.

No, the point of the thread is to show that even Trump's beloved Wall St. thinks that the Democrats would be better. I don't care either way what Goldman Sachs says.

[NYSforKennedy2024]

Democrats are the Wall Street party.

[Pericles]

"easier fiscal policy" is another way to say more willingness for deficit spending, right?

That's what the US economy needs right now. It's a recession/depression period.

[Bootes Void]

leave it to this forum so somehow still continue "dems in disarray" narrative. the market is rising because of extra stimulus and a more stable foreign policy, trade and economic policy that Biden will do

[Alben Barkley]

It's obvious by comparing the last two presidents of each party that Democratic presidents are better for the economy overall. Republicans haven't even "fiscal responsibility" going for them, since Bubba and Obama were the only presidents in 50 years who reduced the deficit. Dubya and Trump squandered it, as did Republican hero Ronald Reagan, who increased the deficit by 179%.

Democrats have been the better party for the economy for like a century. It’s been a recurring pattern since the Depression: Republicans crash the economy, Democrats come in to fix it, people forget the Republicans ruined everything and elect them so they can wreck it again, rinse, repeat.

[○∙◄☻¥tπ[╪AV┼cVê└]

This is not an endorsement Democrats should want.

They had Kasich speak at the DNC, so they're fine with even Lehman Brother's executives endorsing them.

[Santander]

This is not an endorsement Democrats should want.

They had Kasich speak at the DNC, so they're fine with even Lehman Brother's executives endorsing them.

Dude, he was just an ex-politician they brought in for his connections.

[🐒Gods of Prosperity🔱🐲💸]

"easier fiscal policy" is another way to say more willingness for deficit spending, right?

That's what the US economy needs right now. It's a recession/depression period.

Sure we need some of that right now, but they are talking it seems about longer-term policies.  And I don't know how they are factoring in the effect of new regulations, much higher minimum wage, etc.  Does anyone know where the actual report can be found?

[Anni di ghiaccio]

This is not an endorsement Democrats should want.

They had Kasich speak at the DNC, so they're fine with even Lehman Brother's executives endorsing them.

I heard John Bolton will come back to Bidens administration. He has the number one trait they're looking for which is Epically Owning Le Drumpf.

[Zohranism is OUR future]

I guess even Goldman Sachs knows that the Democrats can’t pass what they want for s**t no matter how much they control.

[Devout Centrist]

All of you should be ashamed

[Pericles]

"easier fiscal policy" is another way to say more willingness for deficit spending, right?

That's what the US economy needs right now. It's a recession/depression period.

Sure we need some of that right now, but they are talking it seems about longer-term policies.  And I don't know how they are factoring in the effect of new regulations, much higher minimum wage, etc.  Does anyone know where the actual report can be found?

Donald Trump and the Republican Senate still haven't passed a short-term stimulus, that's hardly strong economic management.