Posted on 09/14/2024 2:22:19 AM PDT by Libloather
WILKES-BARRE, Pa. — Vice President Kamala Harris played up a Goldman Sachs review of her economic plan on Friday after the firm’s CEO noted that the report actually showed her policies would have minimal impact on the economy.
“Independent economists like Goldman Sachs have said my plan would grow our economy and [former President Donald Trump’s] plan would shrink the economy, reignite inflation and send us into a recession by the middle of next year,” Harris claimed at a rally in Wilkes-Barre, Pa.
The vice president leaned on the investment bank’s report during her Tuesday debate against Trump as well, prompting Goldman Sachs CEO David Solomon to call out Harris for blowing the analysis out of proportion.
“I think this blew up into something that’s bigger than what it was intended to be,” Solomon told CNBC on Wednesday.
The Wall Street heavyweight also noted that the report “came from an independent analyst” – not someone employed at the firm – and that Harris left out key details – including that the difference between her plan and Trump’s was “about two-tenths of 1%.”
“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 explained. “The reason I say a bigger deal has been made of it is what it showed is the difference between the sets of policies that they’ve put forward is about two-tenths of 1%.”
The Trump campaign accused Harris of “lying” about the report’s findings.
At the campaign event, Harris also misrepresented Trump’s positions on several policy issues, claiming the GOP nominee for president “intends to cut Social Security and Medicare” and will use the Heritage Foundation’s Project 2025 as the blueprint for his administration.
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I listened to Emily Campagno on Guttfield last evening. She is brilliant and was explaining Trump’s strategy.
Harris lacks confidence in herself as she is in over the level of her abilities. Trump realizes that she must be pumped up and inflate her ego so she has the confidence to go out in public and show the people how stupid she really is.
unnecessary degree requirements’ for federal jobs,
As a retired federal employee (thank you for your donations), I can tell you this is BS. Job posting may say a BS, Master’s, or even a PHD is required. But they almost always say X (1-2) years of experience may be substituted for education requirements. I have seen a lot of HS grads filling jobs that “require a PHD”.
Goldman Sachs used to be labeled predator capitalists by the left. Now they are supposed to be communists. This is an example of how the left hides behind capitalist fig leaves to deceive.
“President Donald Trump’s] plan would shrink the economy, reignite inflation and send us into a recession by the middle of next year,” Harris claimed at a rally in Wilkes-Barre, Pa.“
Except that Donald Trump was president for four years and the exact opposite of that happened…
Simple! With Karmela truth doesn’t matter!
Touts? More like lies.
No doubt Harris is full of JOY, others say it’s BS.
Yes, she is a liar and the truth is not in her.
Any plan where you include an unrealized wealth tax and you come up with a 0.2% difference, yeah I’d take my chances with a magic 8 ball.
An unrealized wealth tax would destroy our economic system.
And ‘they’ are still pushing “Trump’s” project 2025. Sadly, their fans won’t bother to learn it’s NOT his plan at all. Fidiots!
Gosh. How do ya think? I never dood that before. Never mind. Goldamn* Sax will do my thinking for me./s
* That was a typo at first. Then I decided it was too good to fix. So I kept it.
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