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    paf0@lemmy.world to politics @lemmy.world · 8 months ago

    A Kamala Harris win and a Democratic sweep would give the biggest boost to the economy, Goldman Sachs says

    qz.com

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    A Kamala Harris win and a Democratic sweep would give the biggest boost to the economy, Goldman Sachs says

    qz.com

    paf0@lemmy.world to politics @lemmy.world · 8 months ago
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    Harris' middle-class tax credits would outweigh the decreased investment driven by higher corporate taxes
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    • LEDZeppelin@lemmy.world
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      8 months ago

      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.worldOP
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        8 months ago

        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
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          8 months ago

          Capital plays both sides so it always comes out on top.

          • Maeve@kbin.earth
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            8 months ago

            Mfw I learned Blackstone people are writing her economic policies.

    • the_post_of_tom_joad@sh.itjust.works
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      4 months ago

      deleted by creator

      • Cryophilia@lemmy.world
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        8 months ago

        Both

        • az04@lemmy.world
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          8 months ago

          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
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        8 months ago

        duh your poor ass type of sweep, dingdong

    • rothaine@lemm.ee
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      8 months ago

      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
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      8 months ago

      deleted by creator

      • meowMix2525@lemm.ee
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        8 months ago

        but… but banks are people too 😢

      • Maeve@kbin.earth
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        8 months ago

        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?

    • N0body@lemmy.dbzer0.com
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      8 months ago

      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
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        8 months ago

        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
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      8 months ago

      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
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        8 months ago

        The prevalence of 45 and 47 among those numbers is kind of amusing.

      • odelik@lemmy.today
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        8 months ago

        Don’t under estimate the tribes from showing up and swinging AZ blue again.

    • would_be_appreciated@lemmy.ml
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      8 months ago

      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
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        8 months ago

        hey they managed to keep it stable for a term despite the odds

    • PunnyName@lemmy.world
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      8 months ago

      Should we give a shit about what Goldman Sachs says?

      • paf0@lemmy.worldOP
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        8 months ago

        Not usually, but it’s nice to know that wall street sees Trump as bad for the economy.

        • SteefLem@lemmy.world
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          8 months ago

          And these ppl dont like it when things are bad for their moneys

    • Enthusiasticwhale@lemmy.world
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      8 months ago

      Neat if true

      • TransplantedSconie@lemm.ee
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        8 months ago

        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.

        • Billiam@lemmy.world
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          8 months ago

          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
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            8 months ago

            Well, 9.1% less money, but yes ;)

            • hemmes@lemmy.world
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              8 months ago

              This guy calculates

      • UnderpantsWeevil@lemmy.world
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        8 months ago

        “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
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          8 months ago

          That article is from May and only site’s hedge fund billionaires.

          • UnderpantsWeevil@lemmy.world
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            8 months ago

            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.

          • ReallyActuallyFrankenstein@lemmynsfw.com
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            8 months ago

            only site’s

            *cite’s

            (… /s)

            • SGforce@lemmy.ca
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              8 months ago

              Brain fart. Yeah

      • Xatolos@reddthat.com
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        8 months ago

        History shows Democrats are better for the economy than Republicans.

        • CitizenKong@lemmy.world
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          8 months ago

          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
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      Ted’s wife is a bigwig with Sachs. I wonder if she had input with this.

      • DogPeePoo@lemm.ee
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        8 months ago

        Ted who?

        • Laereht@lemmy.world
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          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
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            Dollars to donuts Ted and Heidi Cruz are both voting for Dotard Trump.

            • Laereht@lemmy.world
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              8 months ago

              There’s no doubt. We just gotta hope their duplicity can work in our favor some of the time

              • DogPeePoo@lemm.ee
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                8 months ago

                This is true

    • 01011@monero.town
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      8 months ago

      Great for the oligarchy who sponsor this ridiculous popularity contest.

      Terrible for the rest of us.

      • paf0@lemmy.worldOP
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        8 months ago

        Trump is such a threat that we’ll all take the status quo and we’ll like it.

    • Media Bias Fact Checker@lemmy.worldB
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      8 months ago
      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

      Search topics on Ground.News

      https://qz.com/kamala-harris-donald-trump-gdp-economy-goldman-sachs-1851639343

      Media Bias Fact Check | bot support

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