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

[pbrower2a]

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

Pandas have some nasty fangs, and you don't want to get into a fight with one. America is a huge exporter of agricultural products, and China now has choices on where to get them.  Trump's approval numbers were hideous in the Rust Belt. Agriculture is becoming a bigger share of the economy (and especially exports) in the Rust Belt.   

[Benjamin Frank]

China is a rogue nation unlike anything in modern history.  They need to be treated as a genuine threat to their neighbors and ultimately as a threat to world peace.

I point this out as a Canadian where two of our citizens are being held hostage, and under horrible conditions, by the Chinese government.

(Nazi Germany was an immediate threat.  I don't buy the stuff about this Chinese leadership thinking in a '100 year time frame' or whatever is said about them, but they certainly think from a strategic point of view more than the 'we're going to build up our military and start World War II as soon as possible' as Nazi Germany.)

What I think should be done:
1.Effectively remove China from the World Trade Organization.  A way to do this would be to expand on trade organizations that involve the democratic nations of the world.  Of course, Trump has no interest in doing this, because that means working with America's long standing allies.

2.Put sanctions on Chinese goods and steadily move away from trading with China.  This includes the U.S joining the TPP but also helping competitors to China to expand their economic capacity.  Of course, some of these nations aren't democracies either, like Vietnam and Cambodia, but they aren't superpower rogue nations like China either.  Other nations that could take manufacturing output from China are likely in Central and South America as well as parts of Africa.  Unfortunately India under Modi doesn't seem very interested in international trade, but there are large populations in other parts of the world.

3.As part of the security purpose behind TPP, continue to encourage nations around China that have historical enmities, like South Korea and Japan, to work together with military alliances.  Nothing like a major new enemy to bring together old enemies.

4.Assisting African nations in economic development to expand their trade potential would also provide a counter to China's efforts in Africa.

[Santander]

China is a rogue nation unlike anything in modern history.  They need to be treated as a genuine threat to their neighbors and ultimately as a threat to world peace.

China is at minimum, a nascent superpower, not a rogue nation. And there is nothing China loathes more than war.

(Nazi Germany was an immediate threat.  I don't buy the stuff about this Chinese leadership thinking in a '100 year time frame' or whatever is said about them, but they certainly think from a strategic point of view more than the 'we're going to build up our military and start World War II as soon as possible' as Nazi Germany.)

Perhaps not in terms of policy, but China's status as the most enduring and powerful country in the world weighs heavily on their leaders' minds, and they have infinitely more geopolitical patience than Western leaders.

3.As part of the security purpose behind TPP, continue to encourage nations around China that have historical enmities, like South Korea and Japan, to work together with military alliances.  Nothing like a major new enemy to bring together old enemies.

The common enemy in East Asia has always been Japan, not China. If anything, Korea will fall back into the Chinese sphere of influence, especially if reunited.

[politics_king]

I fully expect a Center-Left redoing of the tax system once Biden is in office. Amazon and other corporations need to start paying federal taxes and they'll need to so the American economy can get backing to running again. We're soon going to hit 100% debt to GDP ratio and be like Japan, that's not the smartest fiscal policy. I expect a New New Deal and Harris whether she runs in 2024 or 2028 will be that person to move forward on it, she's from California and we voted for Bernie to be the Dem nominee, those are the policies we want and hopefully we can convince the rest of the country that it's better for us overall as a country.

[TheDeadFlagBlues]

They have nothing to fear from Joe Biden. This is very unfortunate.

[Mr.Bakari-Sellers]

Raising taxes on the wealthiest Americans, that both Clinton did in 1993 and Obama did in 2012, generated two surplus economies, that both Bush W and Trump won on beating Gore and Hillary, but failed in spending on a military budget that produced massive deficits like Reagan. That's the issue, the spending on the military, increase under Rs, when Rs want to give massive tax cuts to white collar professionals, not blue collar whom only pay 15 percent tax bracket

[Clarko95 📚💰📈]

Lmao @ this thread. Even the big banks acknowledge the widely-acceoted fact that a recession calls for major spending and correctly identifies unified Democratic control in Washington as the best way to get it, and people say this is a bad thing.

[GP270watch]

The next Democratic President should break Goldman Sachs into a billion pieces.

[The Mamdani Virus]

Lmao @ this thread. Even the big banks acknowledge the widely-acceoted fact that a recession calls for major spending and correctly identifies unified Democratic control in Washington as the best way to get it, and people say this is a bad thing.

This, 100%, no idea why some Democrats have issues with banks saying that Trump's policy will be bad, the big banks have been honestly attacked far too much in modern politics, and you get stuff like this as a result.

[Santander]

The next Democratic President should break Goldman Sachs into a billion pieces.

It's already broken into 344 million pieces, and you can buy one for yourself:

https://finance.yahoo.com/quote/GS

[GP270watch]

The next Democratic President should break Goldman Sachs into a billion pieces.

It's already broken into 344 million pieces, and you can buy one for yourself:

https://finance.yahoo.com/quote/GS

 I wouldn't buy bank stocks with your money, let alone mines. But also not the point as a broken Goldman Sachs would split off into several publicly traded companies.

[Santander]

The next Democratic President should break Goldman Sachs into a billion pieces.

It's already broken into 344 million pieces, and you can buy one for yourself:

https://finance.yahoo.com/quote/GS

 I wouldn't buy bank stocks with your money, let alone mines. But also not the point as a broken Goldman Sachs would split off into several publicly traded companies.

I already buy bank stocks with my money. I am a bank, after all.

[TheDeadFlagBlues]

Lmao @ this thread. Even the big banks acknowledge the widely-acceoted fact that a recession calls for major spending and correctly identifies unified Democratic control in Washington as the best way to get it, and people say this is a bad thing.

Sure but they should be more worried about their bottom line. It would be no bad thing if Goldman Sachs feared a financial transactions tax being imposed on it. They'd be panicking if that was a real possibility, not because it'd harm the economy, but due to a loss of power.