CEO says economy is better than it would have been under Hillary Clinton
Money/CNN:
President Trump's closing campaign ad portrayed Lloyd Blankfein as a globalist villain. Perhaps the Goldman Sachs CEO will play the role of hero next time.It is hard to argue that it would be better under Clinton, although some worry about inflation. I suspect that concern is overblown. There are always seasonal adjustments in pricing after the fourth quarter Christmas sales.
Blankfein, who backed Hillary Clinton in the election, is giving Trump credit for the soaring American economy.
"If the president didn't win, and Hillary Clinton won ... I bet you the economy is higher today than it otherwise would be," Blankfein told CNN's Christine Romans in an interview that aired on Wednesday.
Blankfein was responding to a question about how much credit Trump should get for the stock market surge and stronger economic growth.
The Wall Street titan didn't exactly embrace Trump.
"At the time I supported Hillary Clinton. We're not talking about all things. We're talking just about the economy," Blankfein said on the sidelines of the Goldman Sachs (GS) 10,000 Small Businesses Summit.
The U.S. economy is indeed strong. Unemployment has dropped to a 17-year low, small business optimism is roaring, and economic growth has picked up.
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