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Trump’s economy is better than Hillary’s would’ve been: Blankfein

The economy is doing better under President Trump than it would have under a Hillary Clinton administration, Goldman Sachs Chief Executive Lloyd Blankfein, a staunch Hillary supporter, said on Wednesday.
“I bet you the economy is higher today than it otherwise would be [if Clinton won],” Blankfein said in an interview with CNN.
“I haven’t felt this good since 2006,” Blankfein, 63, added.
The CNN interview came a day after the Wall Street bigwig likened the $1.5 trillion in tax cuts passed in December to “lighter fluid on a fire.”
The comments are some of the nicest the Goldman Sachs boss has made about Trump since his fellow New Yorker took office.
“Wish the moon wasn’t the only thing casting a shadow across the country,” Blankfein tweeted in August after Trump expressed sympathy for white supremacists in Charlottesville, Va.
Blankfein also criticized Trump when the US pulled out of the Paris climate agreement in June: “Today’s decision is a setback for the environment and for the US’s leadership position in the world. #ParisAgreement”
The tweets haven’t had much strain on the bank’s relationship with the White House, though, as former Goldman President Gary Cohn, Trump’s chief economic advisor, is seen as a probable successor to embattled Chief of Staff John Kelly.
The company’s stock rose 2.8 % on Wednesday, to $262.58. Goldman shares are up 6.6 % in the last four sessions.
Still, Blankfein cautioned that the good times might suddenly stop rolling.
“The odds of a bad outcome have gone up,” the CEO said. “At this particular time, I would say, don’t throw all in.”
When asked about the $1,000 bonuses that companies are handing out to some workers, he initially dismissed them as “not a significant thing.”
“Symbolism matters,” he said later. “But in the long run, what will make a difference is people’s confidence in the economy.”

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