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Blankfein: "poison" politics choking U.S. recovery

Thursday, June 13, 2013 - 02:36

Goldman Sachs CEO Lloyd Blankfein, speaking at a Politico event, says an ''anti-compromise'' environment in Congress - and another looming fight over the debt ceiling - are straining the U.S. economy. (June 13, 2013)

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But there are things that Washington. There are negatives that are over hanging. That car that would impede the recovery that they should stop doing. And there are things that they can do that would that would impact and possibly -- obviously one thing that's impeding. Is just you know that the poison. Anti compromised. Environment in Washington makes things very difficult so I'm risk management business. I don't like the looming fight over the over the book over the -- it. He shrugged his shoulders that I say gee that's -- nexus -- sociology. Of Washington these days people in the you know who -- to legislate. And compromised. Now think it's a mandate and maybe it is their mandate. To go there and never compromise. And that's that that I think is thing I think that's bad for the republic. And certainly bad for the economy and bad for the markets. So I think that that's a negative that should be lifted -- things that can be done that would AD. Economy is I think the principle that the it's the the mistake I put in that is there. -- infrastructure spending is there. Work on the budget. And convergence of expenditures and revenues would be able to try to pick one team. That's under exploited. In this in this country I would say its focus on energy group there are two sides to the immigration depends on. What -- context is. And you think it's about 11 of two big things. One -- is to have a path to citizenship. -- fan out people you know families to reunite. The lowest skilled workers let's say people who want legitimacy and health care and. And other benefits and. And that's you know get it and that's certain representations by the way also has positive effects on the economy and then there's what people in my. Seat normally talk about as a missed opportunity. We -- who -- to the country highly skilled people highly highly to greet people. Who go to school here -- wanna stay here. Ph.D.s. Accounted for Norris. Who have limited after these applications H one B -- kind of thing but obviously there's also concerns. About if you allow immigration let's put some more money making sure that we don't have. More illegal immigration terms of water protection all things considered I think it's a very very good compromise and if you don't have that. It's not that can get perfection if you get the status quo which you know was poor so I'm very very supportive a -- I think it should. I pass. But other things that I thought were certain to get resolved in the current so I I don't have my lucky coin with a.

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Blankfein: "poison" politics choking U.S. recovery

Thursday, June 13, 2013 - 02:36