NightFox
Wildling
Source: CNBC.COM
Goldman CEO and Clinton supporter Blankfein has 'really liked' what Trump has done for economy
"Though he's taken a few jabs at President Donald Trump, Goldman Sachs CEO Lloyd Blankfein said Wednesday he's otherwise "really liked what he's done for the economy."
"I'd say I like a lot more stuff than I don't like, and some of the stuff I don't like I really don't like," Blankfein told CNBC's "Squawk Box" during an interview at the World Economic Forum in Davos. "But I don't want to be hypocritical, either. I've really liked what he's done for the economy."
In fact, he conceded that conditions probably would be weaker had Democrat Hillary Clinton defeated Trump in the 2016 election. Blankfein supported Clinton during the contentious campaign, and occasionally has taken shots at Trump on Twitter and elsewhere.
Since Trump's win, the Dow has surged more than 40 percent and the economy is on its way to its third-straight quarter of growth topping 3 percent. Trump also has been aggressive in rolling back the thousands of regulations added during his predecessor Barack Obama's term.
"I think the market would be lower [under Clinton], I'd be dealing with more regulation," Blankfein said. "I'd say the animal spirits are out there and [more] vital than they would be otherwise."
"The country would be a bit less polarized, but I'm not even sure about that," he added."
Some surprising admissions coming from the normally reserved Blankfein who has in the past been a critic of Trump (and was a Hillary Clinton advocate). Looks like President Twitter is winning some hearts and minds of the best and brightest of finance, this coming right on the heels of Jamie Dimon's praise of the Trump Tax Reform Package .
Give credit where credit is due, Trump might be a boisterous, braggart but it appears that his economic policies are having a positive effect so far.
"I early learned that it is a hard matter to convert an individual by abusing him, and that this is more often accomplished by giving credit for all the praiseworthy actions performed than by calling attention alone to all the evil done." -- Booker T. Washington
Goldman CEO and Clinton supporter Blankfein has 'really liked' what Trump has done for economy
"Though he's taken a few jabs at President Donald Trump, Goldman Sachs CEO Lloyd Blankfein said Wednesday he's otherwise "really liked what he's done for the economy."
"I'd say I like a lot more stuff than I don't like, and some of the stuff I don't like I really don't like," Blankfein told CNBC's "Squawk Box" during an interview at the World Economic Forum in Davos. "But I don't want to be hypocritical, either. I've really liked what he's done for the economy."
In fact, he conceded that conditions probably would be weaker had Democrat Hillary Clinton defeated Trump in the 2016 election. Blankfein supported Clinton during the contentious campaign, and occasionally has taken shots at Trump on Twitter and elsewhere.
Since Trump's win, the Dow has surged more than 40 percent and the economy is on its way to its third-straight quarter of growth topping 3 percent. Trump also has been aggressive in rolling back the thousands of regulations added during his predecessor Barack Obama's term.
"I think the market would be lower [under Clinton], I'd be dealing with more regulation," Blankfein said. "I'd say the animal spirits are out there and [more] vital than they would be otherwise."
"The country would be a bit less polarized, but I'm not even sure about that," he added."
Some surprising admissions coming from the normally reserved Blankfein who has in the past been a critic of Trump (and was a Hillary Clinton advocate). Looks like President Twitter is winning some hearts and minds of the best and brightest of finance, this coming right on the heels of Jamie Dimon's praise of the Trump Tax Reform Package .
Give credit where credit is due, Trump might be a boisterous, braggart but it appears that his economic policies are having a positive effect so far.
"I early learned that it is a hard matter to convert an individual by abusing him, and that this is more often accomplished by giving credit for all the praiseworthy actions performed than by calling attention alone to all the evil done." -- Booker T. Washington
