Goldman Sachs CEO Claims Kamala Harris is Distorting Economic Data

Goldman Sachs CEO David Solomon has criticized Vice President Kamala Harris for allegedly distorting economic data during a recent debate, sparking controversy over economic policies. The clash arose when Harris referred to a report suggesting her policies would generate a greater economic boost compared to those of former President Donald Trump. However, Solomon promptly rebutted her claims, accusing Harris of exaggerating the findings to align with her political agenda.

On CNBC’s Halftime Report, Solomon clarified that the report Harris cited was not from Goldman Sachs but from an independent analyst. He mentioned that the report examined the economic impact of various proposals and only showed a minimal 0.2% difference in projected GDP growth between Harris’s and Trump’s plans. Solomon emphasized that Harris had overstated and distorted the true findings of the report.

Kamala repeats the lie that Goldman Sachs gave her economic plan their approval.

The CEO of Goldman Sachs came out this morning and DEBUNKED this. pic.twitter.com/zCgCY8HkCA

— Trump War Room (@TrumpWarRoom) September 12, 2024

Solomon’s economists highlighted that while Harris’s proposals may slightly boost the economy, the impact is not significant. They cautioned that some of Trump’s plans, particularly tariffs and stricter immigration policies, could potentially impede economic growth. Nonetheless, Solomon emphasized that neither set of policies, if implemented, would bring about extensive changes to the national economy.

Critics, including Hoover Institution senior fellow Victor Davis Hanson, seized on the issue, amplifying Solomon’s critique of Harris. They argue that financial elites, such as those at Goldman Sachs, are disconnected from the middle class, promoting economic policies that favor the wealthy at the expense of ordinary Americans. Hanson likened this to historical instances when elites were shielded from the negative consequences of their policy decisions.

Kamala Harris just said Goldman Sachs backs her economic plan over President Trump’s.

Goldman’a CEO said this morning that Kamala is lying when she says his company endorses her plan. pic.twitter.com/l0LnmQdJ2s

— Paul A. Szypula 🇺🇸 (@Bubblebathgirl) September 12, 2024

The debate on economic policy will play a crucial role in the upcoming 2024 election, with Harris and Trump aiming to showcase their economic prowess. Harris focused on middle-class tax relief during the debate, proposing a $6,000 tax cut for families. Trump emphasized his past achievements, claiming his administration had built the “greatest economy” in U.S. history and promising a return to that prosperity if re-elected.

Amid concerns about the U.S. economy’s recovery from the pandemic, issues like inflation, supply chain disruptions, and a ballooning national debt contribute to the ongoing economic discourse. Solomon suggested that one of the debate’s major shortcomings was the lack of attention to the national debt, which he views as a critical issue requiring both parties’ attention.

This latest disagreement presents another challenge for Harris in her presidential aspirations, especially in convincing voters of her economic vision. Conservative voices have swiftly pointed to this incident as part of a perceived pattern of misrepresentation by the vice president, with figures like Elon Musk also weighing in, accusing Harris of spreading misinformation.

As the election intensifies, both candidates’ economic policies will face further scrutiny. For now, Goldman Sachs’ CEO has clarified that Harris’s assertions during the debate were, at best, a misinterpretation and, at worst, a deliberate effort to influence public opinion by overstating the impact of her policies.

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