Goldman Sachs slants research to help Democrats, top White House adviser says
The Goldman Sachs economics team “almost at times looks like the Democratic opposition,” Hassett told CNN’s Poppy Harlow on Tuesday.
Hassett said he hadn’t read the research, but went on to criticize Goldman’s track record. Hassett claimed its analysis of last year’s tax cuts was “really, really wrong and timed in a partisan way.” He said Goldman’s analysis predicted the tax cuts would be “really harmful” to the economy or have little impact before jacking up its forecast after they passed.
“So maybe they’re just trying to make a partisan point before the elections,” said Hassett, chairman of Trump’s Council of Economic Advisers.
Goldman Sachs declined to comment about the criticism.
Trump blasted Goldman Sachs during the 2016 presidential campaign. He claimed Goldman Sachs had “total, total control” over his rivals Hillary Clinton and Ted Cruz.
After the election, Trump reversed course.
Blankfein backed Clinton in the election.
However, after the election, Blankfein gave Trump credit for the soaring American economy.
Veterans of Goldman Sachs have gone on to work in Republican and Democratic administrations. Robert Rubin, the former co-chairman of Goldman Sachs, served as Treasury secretary under former President Bill Clinton.