https://www.newsweek.com/joe-biden-presidency-will-not-hurt-economy-says-goldman-sachs-1535057
These two non-partisan and usually credible economic organizations give the lie to Trump’s ravings about Biden’s “radical” ideas destroying the economy.
From Moody’s : “The economic outlook is strongest under the scenario in which Biden and the
Democrats sweep Congress and fully adopt their economic agenda.”
Of course, this is not the last word. Economics is not called the “dismal science” for nothing. But such analyses by respected people is clear evidence that Trump’s the sky-will-fall-on-your-head-if-Biden-wins hooey is not serious and should not be taken seriously.
Considering the two sources involvement in the housing bubble collapse, which neither saw coming, I would not place much faith in their predictions.
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Okay.
I suppose you would you rather trust the economic acumen of someone who has NEVER run a large company successfully and has managed to run several fortunes into the ground?
I will not follow YOUR usual technique and demand that you say where they are wrong. It really does not matter. The point made is that what Trump says about Bidenomics is not serious economic thinking. Just con man blather not based on anything that could pass for serious economic analysis. IMHO, of course.
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Moody’s was the rating agency that assigned AAA status to CDOs
Goldman Sachs wouldn’t be here were it not for taxpayer bailouts.
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I am not sure what your point is.
The professional economists that both employ do not make ratings decisions nor commercial decisions. Their thinking about Biden’s economic priorities are not outliers. I could easily find countless credible analyses along the same lines Here is one . . .
https://www.cnn.com/2020/10/01/perspectives/economy-biden-trump/index.html
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I believe the GAO said similar things about the Biden economic plan.
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Shoot the messenger? (AR-15 perhaps.)
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Goldman Sachs surely saw the collapse coming or they would not have shorted the CDO’s they foisted on investors as “solid gold”.
Moody’s? They knew that they rated crap as Kobe beef, so it was a matter of time.
I wouldn’t underestimate the brainpower behind the crash. Most came out fat and happy.
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