Victor Davis Hanson, a senior fellow at the Hoover Institution, on Tuesday slammed Goldman Sachs for suggesting the economy could be more profitable under Vice President Kamala Harris, arguing that the bank and similar groups are promoting policies that could “ruin” middle-class Americans.
Last week, Goldman Sachs economists release He suggested Harris' policies could provide a “very small boost” to gross domestic product (GDP) investment, but former President Donald Trump's plan could have a negative impact on growth through “tougher tariffs and immigration policies.” PodcastsSpeaking on the Victor Davis Hanson Show, Hanson questioned why voters should listen to Goldman Sachs, a company that won't face consequences no matter what “disastrous policies” a Harris administration pursues.
“Why would we listen to someone who is so rich that they are immune to any destructive policies that are going to ruin us? And they can have the luxury of supporting the neo-socialists for social and cultural reasons. That's what we're talking about. We really are,” Hanson said. “It reminds me of the Bolshevik aristocrats of the Warsaw Revolution. They all thought Lenin was cute and cool, but because they had lots of land and money, they thought he would never come after them, and if he did, they wouldn't be harmed.”
“I don't listen to what Goldman Sachs has to say and I have nothing against them, but they all live in different worlds,” Hanson continued.
Hanson then pointed out that former Republican Vice President Dick Cheney had recently endorsed Harris, and expressed concern that Cheney's endorsement of the vice president could signal an endorsement of who Harris might choose for attorney general. Keith EllisonIt receives donations from left-wing billionaire George Soros. (Related: 'Mom's Not the One Who Buys the Groceries': Fox Contribution Rebuts Analyst's Claim That 'Economy Is Better Than It Was Back Then')
The Goldman Sachs logo appears on a screen at the New York Stock Exchange during afternoon trading in New York City on August 2, 2024. (Photo by Michael M. Santiago/Getty Images)
“Dick Cheney supports Attorney General Soros, but I don't understand what the Never Trumpers and the Goldman Sachs guys stand for. They don't just support being liked by the left and getting good press, but what they're actually doing to the middle class is promoting policies that destroy the middle class,” Hanson said.
The senior fellow went on to slam Democrats, saying they are “lying” about their desire to secure the border, have a “low-tax, deregulated economy that encourages investment and entrepreneurship” and pursue a “tough” foreign policy that “restrains.”
“There are, in fact, two different agendas, and they're polar opposites. One agenda is like 90% of all the people I mentioned, their lifelong advocates,” Hanson continued. “So why are they refusing to do 90% of the things they told us were essential to give them their money, their votes, their support?”
“And the answer is, they're hurt. They lost their magazine, they lost their speaking fees, they lost their TV appearances, they lost their authority. Nobody listens to them. They're a thing of the past, they ruined their careers. They committed career suicide. And they're angry and they're blaming it all on the Orange Man,” Hanson said.
Harris faced fierce criticism from political commentators on both sides of the aisle after she unveiled her economic platform in mid-August, particularly over her proposal to impose a federal ban on “corporate price gouging” to reduce high grocery store prices, which critics said could not only drive up prices but also create a black market.
Goldman Sachs did not immediately respond to a request for comment from the Daily Caller News Foundation.
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