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Harris and her Goldman Sachs claims

gbg3

gbg3

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Maybe Harris might want to give this narrative the proper perspective, since it's become one of her new talking points (both at the debate and in today's rally).

"Solomon’s economists predicted earlier this month that the United States’s GDP could take a hit in a hypothetical victory by former President Donald Trump in 2024, whereas a Harris 2024 victory could lead to a “very slight boost” to the GDP. The vice president referenced the report during Tuesday night’s debate, with Solomon now stating that it was conducted by “an independent analyst” and has created a bigger discussion “than should be.”

“What the report did is it looked at a handful of policy issues that have been put out by both sides, and it tried to model their impact on GDP growth,” Solomon said on CNBC. “The reason I say a bigger deal’s been made of it is what it showed is the difference between the sets of policies that they put forward was about two-tenths of 1%.”

Solomon added that there is no guarantee that the policies Harris and Trump proposed, which his economists used in their report, would actually be implemented."

Another “interesting” factor Solomon found about the debate was how he could not recall any time when the U.S. national debt was discussed. He argued that the debt is a policy issue “that’s going to have to be wrestled with.”

 
gbg3 said:
Maybe Harris might want to give this narrative the proper perspective, since it's become one of her new talking points (both at the debate and in today's rally).

"Solomon’s economists predicted earlier this month that the United States’s GDP could take a hit in a hypothetical victory by former President Donald Trump in 2024, whereas a Harris 2024 victory could lead to a “very slight boost” to the GDP. The vice president referenced the report during Tuesday night’s debate, with Solomon now stating that it was conducted by “an independent analyst” and has created a bigger discussion “than should be.”

“What the report did is it looked at a handful of policy issues that have been put out by both sides, and it tried to model their impact on GDP growth,” Solomon said on CNBC. “The reason I say a bigger deal’s been made of it is what it showed is the difference between the sets of policies that they put forward was about two-tenths of 1%.”

Solomon added that there is no guarantee that the policies Harris and Trump proposed, which his economists used in their report, would actually be implemented."

Another “interesting” factor Solomon found about the debate was how he could not recall any time when the U.S. national debt was discussed. He argued that the debt is a policy issue “that’s going to have to be wrestled with.”

Click to expand...

Yes, Harris made a couple of missteps during the debate. Far fewer than tRump, who wanted to remind us that "they're eating the dogs" and that he's got a concept of a plan.
 
Yeah it was weird how instead of discussing the national debt, Trump instead opted to talk about how they are eating the pets, his rally sizes are really big, and he has the concept of a plan about something.

@gbg3 do you think Donald has a concept of a plan about the national debt or is it more of a concept of a notion at this point?
 
Why am I never really surprised to find out that the real source is something like Washington Examiner something like 90% of the time when I see MAGAs post something under "yahoo" or "MSN" URL link? Almost like they are trying to hide the fact that they know their article is biased BS.
 
gbg3 said:
Maybe Harris might want to give this narrative the proper perspective, since it's become one of her new talking points (both at the debate and in today's rally).

"Solomon’s economists predicted earlier this month that the United States’s GDP could take a hit in a hypothetical victory by former President Donald Trump in 2024, whereas a Harris 2024 victory could lead to a “very slight boost” to the GDP. The vice president referenced the report during Tuesday night’s debate, with Solomon now stating that it was conducted by “an independent analyst” and has created a bigger discussion “than should be.”

“What the report did is it looked at a handful of policy issues that have been put out by both sides, and it tried to model their impact on GDP growth,” Solomon said on CNBC. “The reason I say a bigger deal’s been made of it is what it showed is the difference between the sets of policies that they put forward was about two-tenths of 1%.”

Solomon added that there is no guarantee that the policies Harris and Trump proposed, which his economists used in their report, would actually be implemented."

Another “interesting” factor Solomon found about the debate was how he could not recall any time when the U.S. national debt was discussed. He argued that the debt is a policy issue “that’s going to have to be wrestled with.”

Click to expand...
I have not seen the Saloman Smith Barney report, but Goldman Sachs report does make it clear that Trump's policies threaten the economy, while Harris' policies are consistent with a healthy economy... It makes sense -- tariffs work like a sales tax, while a mass deportation effort is both costly AND threatens to make a tight job market much tighter...

www.markets.com

Goldman Sachs: A Trump Victory Would Hurt U.S. GDP | Markets.com

Goldman Sachs warns that if Trump wins, U.S. GDP could be dragged down by as much as 0.5% in the second half of next year.
www.markets.com www.markets.com

Moody's says Trump will ignite inflation: https://thehill.com/business/4731716-moodys-analytics-republican-sweep-inflation/

16 Nobel economists said the same thing in June. https://www.reuters.com/world/us/16...rump-policies-will-fuel-inflation-2024-06-25/

If you are voting for Trump because you like Trump, well good for you. If you are voting for him because you think he is better for the economy, well, there is no evidence that he knows anything about the economy, and experts will tell you that is a dangerous move. https://www.usatoday.com/story/mone...-trump-economy-policies-compared/75139488007/
 
Last edited:
roguenuke said:
Why am I never really surprised to find out that the real source is something like Washington Examiner something like 90% of the time when I see MAGAs post something under "yahoo" or "MSN" URL link? Almost like they are trying to hide the fact that they know their article is biased BS.
Click to expand...
Lol, actual CEO quotes probably don't deserve the source game. Anything to say about the David Solomon's own words or are you too busy looking for something to discount, like it's your requirement? ;)
 
roguenuke said:
Why am I never really surprised to find out that the real source is something like Washington Examiner something like 90% of the time when I see MAGAs post something under "yahoo" or "MSN" URL link? Almost like they are trying to hide the fact that they know their article is biased BS.
Click to expand...
Because they have zero understanding of algorithmic newsfeeds.
I had some nimrod try to tell me that MSN vetted the articles in feeds so there couldn’t be anything wrong with the info from the right wing rag that he shared.
When you click garbage, they serve you garbage.
 
gbg3 said:
Solomon added that there is no guarantee that the policies Harris and Trump proposed, which his economists used in their report, would actually be implemented."
Click to expand...
Well of course there is no guarantee most things that Presidents propose will be implemented! The point is one must evaluate what they propose as if it will be implemented! That's what I think is wrong with the thinking of people who don't like Trump but will vote for him anyway . They think there will be Congressional/legislative guard rails however the damage he can do all on his own, especially since the immunity descion is monumental!
 
Is it not strange that Comrade Kamala would be slightly better for the economy than Trump (according to that Goldman Sachs report)? Trump predicted that the stock market would crash and the economy would go into a depression if Harris becomes President.

SOLOMON: I think, generally speaking, the economy’s still in pretty good shape. I think we’re going to get a couple of interest rate cuts here that has been widely telegraphed at this point in time. And so, base case, I can point to things that are slowing a little. There’s some consumer spots — you have heard it through earnings, etc. — where there’s a little bit of softness. But, generally, I think the economy is in pretty good shape. And my base case is, we’re going to continue to chug along through the fall with a lot of attention to the news, whether political, geopolitical, or otherwise.​
​
WAPNER: Are you still in the soft landing camp, then?​
​
SOLOMON: I’m still in the soft landing camp. Yes, I’m still in the soft-landing camp. I think that is the most likely scenario. I can’t tell you that there can’t be a disruption or something that can set that off. But I think we have navigated to this point where the likely scenario is we navigate with a soft landing. But, certainly, you have got to continue to watch consumer behavior, continue to watch inflation indicators, will put more pressure on consumers. We have made real progress on inflation. But we will watch the data and we will see how things unfold through the fall.​
​


"They've [Biden/Harris] destroyed the economy..." – DJT, September 10th
 
roguenuke said:
Why am I never really surprised to find out that the real source is something like Washington Examiner something like 90% of the time when I see MAGAs post something under "yahoo" or "MSN" URL link? Almost like they are trying to hide the fact that they know their article is biased BS.
Click to expand...
Is there a significant difference between calling a black person the N word (which I never use) and you folks branding millions of people MAGA's?
 
gbg3 said:
Lol, actual CEO quotes probably don't deserve the source game. Anything to say about the David Solomon's own words or are you too busy looking for something to discount, like it's your requirement? ;)
Click to expand...
I'm discounting anything from a site like the Washington Examiner. Why not post from a more trustworthy source if this is what that person said?
 
gbg3 said:
Maybe Harris might want to give this narrative the proper perspective, since it's become one of her new talking points (both at the debate and in today's rally).

"Solomon’s economists predicted earlier this month that the United States’s GDP could take a hit in a hypothetical victory by former President Donald Trump in 2024, whereas a Harris 2024 victory could lead to a “very slight boost” to the GDP. The vice president referenced the report during Tuesday night’s debate, with Solomon now stating that it was conducted by “an independent analyst” and has created a bigger discussion “than should be.”

“What the report did is it looked at a handful of policy issues that have been put out by both sides, and it tried to model their impact on GDP growth,” Solomon said on CNBC. “The reason I say a bigger deal’s been made of it is what it showed is the difference between the sets of policies that they put forward was about two-tenths of 1%.”

Solomon added that there is no guarantee that the policies Harris and Trump proposed, which his economists used in their report, would actually be implemented."

Another “interesting” factor Solomon found about the debate was how he could not recall any time when the U.S. national debt was discussed. He argued that the debt is a policy issue “that’s going to have to be wrestled with.”

Click to expand...
SO... they looked at a small number of policies that may or may not come to fruition, and certainly not exactly as they've been proposed, and determined that there might be a small difference ("about two-tenths of 1%") on one aspect of the economy.

No wonder he's downplaying the significance of their own report.
 
roguenuke said:
Why am I never really surprised to find out that the real source is something like Washington Examiner something like 90% of the time when I see MAGAs post something under "yahoo" or "MSN" URL link? Almost like they are trying to hide the fact that they know their article is biased BS.
Click to expand...
Maybe they believe news aggregators are left leaning?
 
gbg3 said:
Maybe Harris might want to give this narrative the proper perspective, since it's become one of her new talking points (both at the debate and in today's rally).

"Solomon’s economists predicted earlier this month that the United States’s GDP could take a hit in a hypothetical victory by former President Donald Trump in 2024, whereas a Harris 2024 victory could lead to a “very slight boost” to the GDP. The vice president referenced the report during Tuesday night’s debate, with Solomon now stating that it was conducted by “an independent analyst” and has created a bigger discussion “than should be.”

“What the report did is it looked at a handful of policy issues that have been put out by both sides, and it tried to model their impact on GDP growth,” Solomon said on CNBC. “The reason I say a bigger deal’s been made of it is what it showed is the difference between the sets of policies that they put forward was about two-tenths of 1%.”

Solomon added that there is no guarantee that the policies Harris and Trump proposed, which his economists used in their report, would actually be implemented."

Another “interesting” factor Solomon found about the debate was how he could not recall any time when the U.S. national debt was discussed. He argued that the debt is a policy issue “that’s going to have to be wrestled with.”

Click to expand...

Should we then conclude that the choice is between someone rational and stable versus someone batshit crazy?
 
DrewPaul said:
Is there a significant difference between calling a black person the N word (which I never use) and you folks branding millions of people MAGA's?
Click to expand...

Judging people based upon their repeated overt actions and opinions is different than judging a persons skin color yes.
 
phoenix2020 said:
Yeah it was weird how instead of discussing the national debt, Trump instead opted to talk about how they are eating the pets, his rally sizes are really big, and he has the concept of a plan about something.

@gbg3 do you think Donald has a concept of a plan about the national debt or is it more of a concept of a notion at this point?
Click to expand...
And what plan did Harris have for most of her promises to give free stuff. How is she going to pay for it. Who is going to qualify for the gifts, what are the requirements. She never says.
She sounds like someone who says I'm going to buy a great big house someday. Exactly how she is going to make it happen we don't know.
 
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