510
Fuck Goldman Sucks. These assholes were all over the place helping Tump during his presidency. Tump’s treasury secretary was literally Goldman Sacks executive.
Not as high up, but sometimes they worked for Biden too, on the 2020 transition team and a manufacturing program:
https://finance.yahoo.com/news/goldman-banker-quits-join-biden-154522984.html
Capital plays both sides so it always comes out on top.
Mfw I learned Blackstone people are writing her economic policies.
"economy" 'like rich people yacht money' "economy"? Or economy like actually something meaningful to my poor ass?
Both
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.
duh your poor ass type of sweep, dingdong
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
Goldman Sachs wants to make money. When they talk about the economy, they're talking about more yachts for their CEOs and rich stockholders.
And what makes this extra comical is that a president is supposed to be there to lead the country for the benefit of the people. Not for the big banks. Newspapers are supposed to know this basic fact about civics.
but... but banks are people too 😢
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?
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.
Trump abandoning NATO, Russia going on the war path, and full-blown nuclear World War 3 would probably be bad for business.
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.
hey they managed to keep it stable for a term despite the odds
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.
The prevalence of 45 and 47 among those numbers is kind of amusing.
Don't under estimate the tribes from showing up and swinging AZ blue again.
Should we give a shit about what Goldman Sachs says?
Not usually, but it's nice to know that wall street sees Trump as bad for the economy.
And these ppl dont like it when things are bad for their moneys
Neat if true
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.
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.)
Well, 9.1% less money, but yes ;)
This guy calculates
"Hey Wall Street, which campaign are you donating the most money towards?"
In About-Face, Wall Street’s Big Donors Warm to Trump
That article is from May and only site's hedge fund billionaires.
only site’s hedge fund billionaires
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.
only site's
*cite's
(... /s)
Brain fart. Yeah
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).
Ted's wife is a bigwig with Sachs. I wonder if she had input with this.
Ted who?
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)
Dollars to donuts Ted and Heidi Cruz are both voting for Dotard Trump.
There's no doubt. We just gotta hope their duplicity can work in our favor some of the time
This is true
Great for the oligarchy who sponsor this ridiculous popularity contest.
Terrible for the rest of us.
Trump is such a threat that we'll all take the status quo and we'll like it.
Quartz - News Source Context (Click to view Full Report)
Information for Quartz:
MBFC: Left-Center - Credibility: High - Factual Reporting: High - United States of America
Wikipedia about this source
Media Bias Fact Check | bot supportSearch topics on Ground.News
https://qz.com/kamala-harris-donald-trump-gdp-economy-goldman-sachs-1851639343
this post was submitted on 05 Sep 2024
510 points (97.9% liked)
politics
19072 readers
4206 users here now
Welcome to the discussion of US Politics!
Rules:
- Post only links to articles, Title must fairly describe link contents. If your title differs from the site’s, it should only be to add context or be more descriptive. Do not post entire articles in the body or in the comments.
Links must be to the original source, not an aggregator like Google Amp, MSN, or Yahoo.
Example:
- Articles must be relevant to politics. Links must be to quality and original content. Articles should be worth reading. Clickbait, stub articles, and rehosted or stolen content are not allowed. Check your source for Reliability and Bias here.
- Be civil, No violations of TOS. It’s OK to say the subject of an article is behaving like a (pejorative, pejorative). It’s NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
- No memes, trolling, or low-effort comments. Reposts, misinformation, off-topic, trolling, or offensive. Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.
- Vote based on comment quality, not agreement. This community aims to foster discussion; please reward people for putting effort into articulating their viewpoint, even if you disagree with it.
- No hate speech, slurs, celebrating death, advocating violence, or abusive language. This will result in a ban. Usernames containing racist, or inappropriate slurs will be banned without warning
We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.
All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.
That's all the rules!
Civic Links
• Congressional Awards Program
• Library of Congress Legislative Resources
• U.S. House of Representatives
Partnered Communities:
• News
founded 1 year ago
MODERATORS