Bernie Sanders would 'ruin our economy,' former Goldman Sachs CEO says

Former Goldman Sachs CEO Lloyd Blankfein thinks Bernie Sanders would be a bad president. That's not a surprise, considering that the Vermont senator has spen...

Posted: Feb 12, 2020 8:57 PM

Former Goldman Sachs CEO Lloyd Blankfein thinks Bernie Sanders would be a bad president. That's not a surprise, considering that the Vermont senator has spent much of his campaign criticizing Wall Street and billionaires.

In the wake of Sanders' New Hampshire primary win Tuesday night, Blankfein sent out a tweet that took shots at both Sanders and President Donald Trump.

Sanders' proposals include major increases in corporate taxes and taxes on the rich, breaking up big tech companies that have helped lift the overall market, curbing stock buybacks and instituting Medicare for fall to provide government-run health care for all Americans.

Sanders wasn't too heartbroken over Blankfein's criticism when asked about it by CNN on Wednesday.

"Let me see, a billionaire executive on Wall Street doesn't like me. Hmm, I am shocked by that, Annie. I am really shocked," he told CNN's Annie Grayer.

Many of his supporters responded on Twitter, and cheered the fact that Blankfein was saying bad things about their candidate.

Blankfein hasn't donated money to any presidential candidates this election cycle, according to OpenSecrets.org, which tracks campaign finance records. He has given money to both Democrat and Republican candidates and political action committees in the past. The last time he backed a presidential candidate financially was in 2007 when he gave the legal maximum donation of $4,600 to Hillary Clinton.

This isn't the first time Blankfein criticized a 2020 Democratic presidential candidate's potential harm to the US economy. He also criticized Senator Elizabeth Warren, another vocal critic of the rich and Wall Street, telling CNN that he believed she would bring "cataclysmic change" to the economy. Warren was a front runner when he made that statement. But she finished a distant fourth in Tuesday's primary vote.

Still investors do not appear to be worried about the possibility of a Sanders presidency, despite his success in New Hampshire and a strong showing last week in the Iowa caucus. Market analysts say investors seem to be betting that Sanders can't win the presidency, despite his early success. They may also believe that even if he wins he won't have the support in Congress to pass major parts of his agenda.

Blankfein retired as Goldman CEO in 2018.

The S&P 500 is up 4.5% so far this year and was higher in early trading Wednesday. Investors are encouraged by the strength of the US economy and hopes that the worst has passed on the coronavirus that has already killed more than 1,000 people.

Indiana Coronavirus Cases

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Reported Deaths: 2687
CountyConfirmedDeaths
Marion11546683
Lake5104242
Elkhart321144
Allen2737129
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Cass16389
Hamilton1538100
Hendricks1390100
Johnson1256118
Porter72037
Tippecanoe6948
Madison65564
Clark64044
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Marshall4823
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Fountain302
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Martin220
Parke220
Ohio140
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Warren141
Union130
Pike100
Unassigned0193

Ohio Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 56183

Reported Deaths: 2907
CountyConfirmedDeaths
Franklin10023420
Cuyahoga7571372
Hamilton5770197
Marion273038
Lucas2700302
Pickaway218841
Summit2110206
Montgomery193126
Mahoning1818231
Butler154744
Columbiana129560
Stark1091112
Lorain99767
Trumbull92565
Warren82321
Clark7659
Delaware55315
Belmont54422
Fairfield54316
Tuscarawas54110
Medina50832
Lake49218
Licking46612
Miami45531
Portage43258
Ashtabula43144
Wood41251
Geauga40042
Clermont3946
Wayne36051
Richland3325
Allen30840
Mercer2808
Greene2489
Darke24625
Erie23622
Holmes2263
Huron2112
Madison1938
Ottawa14323
Crawford1355
Washington13120
Putnam12715
Sandusky12714
Hardin12012
Ross1183
Morrow1161
Auglaize1064
Coshocton942
Monroe8817
Jefferson872
Union821
Muskingum811
Hancock781
Hocking788
Preble731
Williams692
Clinton680
Guernsey683
Lawrence680
Shelby654
Fulton610
Ashland581
Carroll583
Logan581
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Brown561
Defiance503
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Fayette460
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Scioto380
Van Wert340
Seneca332
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Henry290
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Paulding230
Pike230
Jackson220
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Harrison121
Meigs120
Morgan110
Noble110
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