Tags: 2020 Elections | blankfein | sanders | economy | trump

Lloyd Blankfein: Bernie Sanders 'Will Ruin Our Economy'

Lloyd Blankfein: Bernie Sanders 'Will Ruin Our Economy'
(Chris Dorney/Dreamstime)

By    |   Wednesday, 12 February 2020 09:02 AM

Lloyd Blankfein, the former boss of Goldman Sachs Group Inc., warned in a tweet Wednesday that Bernie Sanders would “ruin our economy and doesn’t care about our military.”

Sanders strengthened his front-runner status in the race for the Democratic nomination with a narrow win in New Hampshire, dealing a setback to moderate Joe Biden as attention shifts to the next contests in the state-by-state process.

Pete Buttigieg, the moderate former mayor of South Bend, Indiana, built on his momentum with a close second-place finish after splitting much of the centrist vote with Senator Amy Klobuchar, who placed third after surging over the past few days, Reuters reported.

The focus of the campaign to pick a Democrat to challenge Republican President Donald Trump in November begins to shift on Wednesday to states more demographically diverse than the largely white and rural kick-off states of Iowa and New Hampshire.

"This victory here is the beginning of the end for Donald Trump," Sanders told supporters in Manchester, New Hampshire late Tuesday.

However, Blankfein suggested that Sanders becoming the nominee would mean “the Russians will have to reconsider who to work for to best screw up" the U.S.

“Sanders is just as polarizing as Trump AND he’ll ruin our economy and doesn’t care about our military. If I’m Russian, I go with Sanders this time around,” the former Wall Street titan tweeted.

Blankfein was CEO of Goldman from 2006 until 2018. He has contributed mostly to Democratic party candidates and endorsed Hillary Clinton in the 2016 presidential election.

In response to Blankfein, Sanders’ campaign manager Faiz Shakir tweeted: “This is what panic from the Wall Street elite looks and sounds like.”

In a sign of the growing rivalry between Sanders, the 78-year-old self-professed democratic socialist senator, and Buttigieg, a 38-year-old moderate, Sanders' supporters booed and chanted "Wall Street Pete!" when Buttigieg's post-primary speech was shown on screens.

Turnout approached the record of 287,000 set in 2008, the year of Barack Obama's historic candidacy, easing Democrats' concerns about voter engagement after lower-than-expected turnout in Iowa.

The next contest is on Feb. 22 in Nevada, where more than one in four residents are Latino, followed a week later by South Carolina, where about one in four are African-American.

After that, 14 states including California and Texas vote in the March 3 contests known as Super Tuesday, which will also be the first time American voters see the name of the billionaire former New York City Mayor Mike Bloomberg on the ballot.

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Economy
Lloyd Blankfein, the former boss of Goldman Sachs Group Inc., warned in a tweet Wednesday that Bernie Sanders would “ruin our economy and doesn’t care about our military.”
blankfein, sanders, economy, trump
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2020-02-12
Wednesday, 12 February 2020 09:02 AM
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