Lloyd Blankfein: Odds of a 'bad outcome' for economy have gone up

[IronLionZion]

http://money.cnn.com/2018/02/14/investing/lloyd-blankfein-goldman-sachs-economy/index.html

Lloyd Blankfein is worried that a spending spree by the Trump administration could overheat the American economy.
"The odds of a bad outcome have gone up," the Goldman Sachs CEO told CNN's Christine Romans in an interview airing Wednesday.

Blankfein noted that the economy was already humming along before the federal government juiced it with $1.5 trillion in tax cuts and $300 billion of additional spending, pushing up the budget deficit. And now, President Trump has proposed a $200 billion infrastructure package.

That kind of spending is normally reserved for recessions -- or at least fragile recoveries -- not booms.

While it's not his "base case," Blankfein said the risk is that all that stimulus could be "too much of a good thing" for the economy and financial markets.

"Don't forget, all of these deficits have to be paid for," he said on the sidelines of Goldman's 10,000 Small Businesses Summit.

Bankers know Trump is going to crash the whole house of cards. He'll leave us all holding the tab. He's going to screw us harder than Reagan and Bush.

[raging moderate]

1. DU Rec.

[AJT]

2. Then the dems try to clean up the mess.

The rethugs fight it all the way.
The economy begins to recover.
The rethugs scream about how slow the recovery is and blame some minority.
The rethugs win the next cycle.
Lather, rinse, repeat.

[IronLionZion]

3. And the voters never learn

Dems are better for jobs. It's been proven over and over and over again.

[turnitup]

5. I refer to is the pendulum effect

I have always read that it's independents who pick the president and so on. Independents are in the middle. The pattern I've seen is the pendulum goes left, the right gets crazy, some how they manage to convince independents that we need to go more right. They vote in the right, then the pendulum swings to far to the right as you see it now. Next we go left

sort of like your lather, rinse , repeat

[NewJeffCT]

4. We may be headed back to the high inflation days

of the 1970s and early 80s. And, it's a lot harder to cut military spending than it should be...

[OregonBlue]

6. Duh!!!!