Bernie vs Blankfein

https://www.morningbrew.com/daily/stories/2020/02/...
Jets and Sharks. Cardi B and Nicki Minaj. Add to the list of NYC feuds: Vermont Sen. Bernie Sanders and former Goldman Sachs CEO Lloyd Blankfein.

On Tuesday, (Bronx-born) Blankfein tweeted that (Brooklyn native) Sanders would "ruin our economy." He also said Sanders "doesn't care about our military" and "is just as polarizing as [President] Trump."

For good measure, he suggested that Sanders was such a weak candidate, Russians seeking to throw the U.S. election would be wise to support him.
Sanders, whose platform includes taxing the rich and establishing a Hunger Games for hedge fund managers, won Tuesday's New Hampshire Democratic primary. His hard-left policies are causing much concern among current Wall Streeters and its retiree community.

Zoom out: This isn't a new show, just the latest episode. A year ago, Blankfein and Sanders Twitter-sparred over stock buybacks. And in 2012, Sanders called Blankfein "the face of class warfare" from the Senate floor.

@lloydblankfine on Insta

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Comments (40)

Feb 13, 2020

So what is the question?

Feb 14, 2020

do I feel the Bern? yessir!

he's a socialist so thats kinda shitty but with his wispy head of white hair and luscious lips, he's also a ceritifed cutie ;)

i hope he becomes President so I can see him on TV every day

Feb 13, 2020

Ok?

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Feb 13, 2020

I don't think many people on this site are fans of Bernie. He is a polarizing figure. Trump is too. I really hope it doesn't come down to Bernie v Trump and I think most people agree with that.

"The three most harmful addictions are heroin, carbohydrates, and a monthly salary." - Nassim Taleb

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Feb 13, 2020
Malta Monkey:

I don't think many people on this site are fans of Bernie. He is a polarizing figure. Trump is too. I really hope it doesn't come down to Bernie v Trump and I think most people agree with that.

Bernie v Trump would be awesome. One of those septuagenarians might even have a heart attack. Nationalism vs Socialism is the ultimate political battle for CNN entertainment.

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Feb 14, 2020
Billion with a B:

One of those septuagenarians might even have a heart attack.

It is frustrating how so many of the front runners are old as fuck. I bet Warren could figure out how to rotate a PDF, but I doubt Biden, Bernie, or Trump could.

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Feb 19, 2020

Only if the government had no real power when it comes to the economy...

Then the political world would be a big reality TV like thing

Finance Data Science

Funniest
Feb 13, 2020

I'm pro bernie. I hope the commie bastard gets everything passed so the rest of my generation can see how retarded central planning and redistribution actually is. that, and I'd like to see a market crash to get PE ratios back to normal. if he loses, people will continue to clamor for socialism. since protesting idiots won't allow me to fly them to caracas to get a real taste of socialism, we have to bring it to the USA. I'd like to see them wait in long lines for healthcare, lose their jobs when minimum wage gets increased, see admission rates to colleges plummet with free tuition for all, and see capital flight in a big way (hello Panama!). we wasted the financial crisis by electing a near socialist, let's not miss the chance to educate the wokesters and send them into the economic abyss, bernie can get us there.

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Feb 13, 2020

Hah, I swear I thought you are immune to MS.

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Feb 13, 2020

This is a retarded statement. Those same people that are clamoring for socialism at present, will be too fucking blind to see the repercussions because they will be happy that they think they're getting their way.

They will see all the issues you mentioned, will find a way to pass blame (as they always do), and insist on further socialist actions to fix up what was already damaged by socialism in the first place.

Liberals are a dumb breed who never learn from prior mistakes.

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Feb 13, 2020

They won't learn.
Boghossian (who's rather left leaning himself) made an interesting research about the popularity of woke ideas in the academia. One conclusion he reached is that the average guy when he sees that something doesn't work, drops the idea. The intellectual instead comes up with an endless list of excuses and rationalizations, often masqueraded with an overly sophisticated language so that they are unaccessible to someone less educated but with a well-developed bullshit detector.
So you get things like ''the Soviet Union had the best growth engine in human history'', - ''real socialism has never been tried'' or the usual lashing out at culture until any factor generating inequality is eliminated from society, with the last one on the list being human choice.

As for Blankfein, either he's playing 12d chess as well, or politics is not his thing. Anyone who screaches about ''Russia-Russia'' at this point should be interpreted as ''I'm a moron, please ignore my opinion''. Second, Goldman Sachs is not exactly popular among voters. Blankfein criticizing Sanders is the best endorsement the latter can hope to have.

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Feb 19, 2020

Already happening in S. Korea.

Increased minimum wage causing unemployment. Small and medium sized businesses suffering like crazy while most of the employment depends on them.

And the socialist administration has the balls to flat out lie about how well the economy is doing.

Finance Data Science

  • Associate 1 in PE - LBOs
Feb 13, 2020

Goodness, if it really comes down to Bernie v. Trump - it's Trump all the way. And that's coming from someone in a midwest hyper-blue state

Think that would be an equal, if not more, polarizing election than 2016

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Most Helpful
Feb 13, 2020

I wish people on the right were more reflective about why we have Bernie in the first place (muh Venezuela, muh socialism sucks are lame btw). There are massive structural problems in our society that are only going to get worse - increased cognitive stratification, massive student debt burdens extending early adulthood by 10+ years, lack of universal healthcare, hyper social disfunction, an obviously corrupt oligarchic government run by special interests both inside and outside just to name a few. I largely think that Bernie's solutions are wrong, but its frustrating as shit when I hear my fellow right wingers just wish we could go back to the policies of 1980-1999 and think everything will be all hunky dory. Look at real median income tables since 2000. Look at life expectancy. We have been so massively let down by our societal leaders over the past two decades and we shouldn't get mad when the people left behind get pissed and want to upend the whole system.

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Feb 14, 2020

all of the above comments are reasons trump got elected as well. I think it's less of right wingers reflecting on why bernie is a possibility and more on america as a whole on why populism is on the rise.

increased cognitive stratification - completely agree man, curiosity, critical thinking, and second level reasoning are absent but I'd argue they've always been somewhat absent. social media has exacerbated it, but I don't think you can legislate a solution to this aside from maybe an overhaul of public education, I think it has to be on a micro level. teach others when you get the chance, lead by example. it's not the government's job to tell you how to think, it's their job to not stand in the way of learning.

student loans are not a cost issue, they're a moral hazard issue. increase education options (trade schools, for example), stop guaranteeing loans or start allowing recourse and you'll see costs plummet. yes, plenty of first world countries have free education (France, Spain, Sweden), but all of those countries have youth employment rates double or 2.5x that of the USA. so yeah, your degree is free, but good luck getting a job! so what would you rather have - no debt and no job, or the opportunity to get a good job to pay off your debt?

govt special interests - no solution except banning lobbying and tax breaks for certain industries, I completely agree with you here, get money out of politics

lack of universal healthcare - actually we do have this, it's just not 100% free and is far more of a complex issue than anyone would readily admit. I've yet to see an example of a 1st world country with a great healthcare system (low cost, high quality care, short waits, approval for procedures), so this will be an issue that can (and likely should) forever be debated, not a right/left issue, it's just a hard ass problem to solve.

and the people who think the 80s and 90s are the policies to go for may have a short memory. Reagan had to do something to stave off inflation and acted drastically. in clinton's first term, we were running a deficit surplus (the last time that's happened), so economically, yes that was good. but the 80s and 90s were also the era of globalism, middle east meddling, and the war on drugs/crime, your point about median income since 2000...that's the year China entered the WTO, do you think there's a coincidence? I don't. so forgive me for disagreeing, I don't think this is a "right/left wingers don't understand" I think it's that globalists don't understand and so you've seen a turn inward towards populism, plain and simple.

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Feb 14, 2020
thebrofessor:

and the people who think the 80s and 90s are the policies to go for may have a short memory. Reagan had to do something to stave off inflation and acted drastically. in clinton's first term, we were running a deficit surplus (the last time that's happened), so economically, yes that was good. but the 80s and 90s were also the era of globalism, middle east meddling, and the war on drugs/crime, your point about median income since 2000...that's the year China entered the WTO, do you think there's a coincidence? I don't. so forgive me for disagreeing, I don't think this is a "right/left wingers don't understand" I think it's that globalists don't understand and so you've seen a turn inward towards populism, plain and simple.

Populist brofessor is something to behold.

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Feb 14, 2020

The dems have Bernie because,the healthcare and educational systems in the US are broken from a financial perspective. College and healthcare care costs have risen dramatically, which has resulted in a substantial burden on many people. I do not know what the statistics are for heath care costs for the average family but I know someone who told me that he pays about $25,000 per year for health insurance for a family of four. Regarding education, the debt students incur is ridiculous. The cost for four year tuition at state school can be over $100,000. For a family of with two kids, the cost could be as high as $250,000. The debt is a big problem for students or the parents if they are the ones paying for it.

It is unclear at this point whether or not Bernie will win the nomination. I find is very interesting that Bloomberg's numbers have been rising substantially. A recent poll had Bloomberg leading in Florida.

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Feb 14, 2020

That, and Bloomberg's ad campaign on IG was really interesting. I'm barely on IG and I still saw the ad several times... and it was funny.

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Feb 14, 2020

How did this become the political debate thread of the week?

Trump is out there interfering in the Justice Departments' work on behalf of his felon friends, but Lloyd not liking Bernie is the WSO headline and @thebrofessor wants to see the world burn to teach those Gen Z whipper snappers a lesson.

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Feb 14, 2020

no more mister nice guy, CHAOS 2020

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Feb 19, 2020
Comment
Feb 14, 2020