Biden ‘blue wave’ would boost economy, says Goldman Sachs chief economist

The Blue wave will overwhelm the Trump illusory, debt-fueled, bogus bubble and provide a real boost to the economy.

The Blue wave is becoming more visible every day as Donald Trump is on a slippery slope and has no traction.

The reasons to dump Trump are growing in number every minute.

Economists are starting to break the news that the Trump economy is bogus and that the stimulus is funded by debt with debt growing at > 2 x GDP growth.

Now even Trump followers have a reason to send him to oblivion with scores of GOP lawmakers who probably can't be easily detached from Donald Trump's anus without surgical intervention.

Roll on November 3 and watch Trump senselessly wail and blubber as the Blue Wave rolls over him.

https://fortune.com/2020/10/05/bide...oldman-sachs-predictions-blue-wave-democrats/

 

the bottom up need help, the rich have enough, no more tax cuts for the rich

 

We’ve got to redefine what constitutes a “good “ economy and implement policy to reflection that definition.

We haven’t had a “good” economy for decades unless we’re grading on a severe curve or handing out the equivalent to a participation trophy.

Seriously, how can you fail to answer 50% of the questions on a test and receive a “B”? In my school days that result was a big fat “F”.

 

the last time the dems had congress and the white house their policies gave us double digit UE and higher taxes.

the only folks doing well will be the Chinese Communist Party

 

More make wall street rich and leave main street behind

 

Lloyd Blankfein and Jamie Dimon know Biden will make sure they keep getting trillions in free money from the Fed while little guys making a few hundred Gs get pummelled by the tax code

 

Yeah, what do economists know. And science knows nothing!

 

Not at all. Lots of infrastructure jobs. Contractors are the ones salivating. Whether Wall Street approves remains to be seen.

 

1. Markets crave certainty, whatever form that certainty takes.

2. Of course the stimulus is funded by debt, that's the whole point. In an economic crisis you lower tax and increase spending, vice versa in a bull run. Debt IS the stimulus.

 

ahhhh what Blue Wave?

 

So far the Democrats have lost seats in the House. So far the blue wave has been underwhelming.

 

What a joke of a claim. - The Economy is going to be in the dump - regardless of who wins - likely the entire 4 years sans a few dead cat bounces.

 

You mean the economists of the golden sachs who participated to the 2007 disaster ?

You will always find an economist to find what you want to hear, even the USSR got their "brillant" economists and the vast majority of them are crooks.

I'm pretty sure that Biden would leave much poorer USA. And even if I was right, would it matter ? Some could claim that it's because of Trump legacy or other excuses such the corona. And it was always the case, people would always blame the legacy of a precedent leader or the current "exceptionnal" situation.

The thing is, for a bunch of various reasons, I doubt that the economy could get much better.

I'm pretty sure however that when we look at the cities they managed, Democrats are poor managers.

 

Next century maybe !

 

"In the year 2525 - if man is still alive" - and so goes the song

 

Nothing like a tax increase and minimum wage hike to create a boom for multinationals. Nothing worse for the big guys than ankle biters being able to afford to compete for their business. Blue is great for the corporate elite who can afford their taxes and regulations. I'll just have to apologize to my kids for leaving them under a communist regime with a corrupt, self dealing CIC. Perhaps after robbing the US blind again, Biden will let a few crumbs fall off the table for his peeps.

 

The only wave we've seen has been an avalanche of corruption. 200,000 fraudulent ballots that showed up in Detroit and God knows how many showed up in Wisconsin.

 

I believe the market had a record setting up day, after the election today.

 

That means they believe Trump will be the eventual winner!