The CEO of Goldman Sachs supported Hillary Clinton in the 2016 election. Yet during a recent interview on CNBC, he admitted that if she had won, there would be more government regulations and a lower market. We know this is true but it’s great to hear someone who backed Hillary admitting it.
The Washington Free Beacon reported:
Goldman Sachs CEO, Clinton Backer: Clinton Admin Would Have Resulted in More Regulation, Lower Market
Goldman Sachs chairman and CEO Lloyd Blankfein on Wednesday touted the Trump administration’s influence on the economy, contrasting it with a hypothetical Clinton administration, under which he predicted there would be “more regulation” and the “market would be lower.”
Blankfein, a longtime personal friend of Hillary Clinton and supporter of her 2016 presidential campaign, spoke on CNBC’s “Squawk Box” about the economy and the Trump administration’s role in shaping policy.
Co-host Andrew Ross Sorkin, talking to Blankfein during the World Economic Forum in Davos, Switzerland, mentioned how Blankfein occasionally trolls President Donald Trump on Twitter. He then asked the Goldman CEO if his view of the president had changed at all in the first year, specifically referencing the successful passage of tax reform…
“But you like tax reform. Tax reform wouldn’t have happened [under Clinton],” Kernen said.
“True, I think the market would be lower. I’d be dealing with more regulation compounding–too much regulation in some respects. I’d have more of it, not less of it,” Blankfein said.
Watch the video:
It’s too bad he couldn’t bring himself to say this before the election but better late than never.