Goldman Sachs for Kamala, Ordinary Americans for the Don

AP Photo/Richard Drew, File

It is striking that Kamala Harris referred to Goldman Sachs as an authority to prove that her economic "plans" are better than Trump's. 

It's an odd flex. Goldman Sachs was fingered as one of the worst actors in the 2008 financial crisis, profiting off both the mortgaged-backed security boom and off of the collapse of the financial system. 

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Donald Trump, on the other hand, is strongly preferred as an economic steward by actual American voters. 

Goldman Sachs vs. working people is quite the contest, and I don't think Kamala Harris chose the right side of the fight. 

If you look up "Goldman Sachs Harris" on Twitter/X you will find countless Democrats trotting out the Goldman Sachs talking point as if this is a point in Kamala Harris' favor. It is striking, both because in the olden days Democrats would be railing about how evil the company is, and because average voters are instantly suspicious, and rightly so, about the correspondence of their own interests with Goldman Sachs. 

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Mom buying groceries or Goldman Sachs? Easy choice in my book. 

This line is telling because it demonstrates as clearly as anything the alignment between the transnational elite and the Democrat Party. Not that long ago Americans thought of Democrats as the party of the little guy and the Republicans the party of the bankers. That was never quite accurate, but it had an element of truth. 

The roles are reversed, with Republicans fighting the Establishment and Democrats being the Establishment. They literally care more for and about the opinions of Goldman Sachs than the union electrician down the street or the mom struggling to make ends meet. 

When you think of "middle class," do you think "Goldman Sachs?" I don't. So it's no surprise that G-S employees are donating to Harris at a rate of 17-1 over Trump. 

Take that for what you will. I know what I think. It's like pointing to academia's love of the left and saying all the smart people are for the Democrats. I wouldn't take that as an endorsement to be proud of, given that they can't even tell you the definition of "woman." 

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Trump should have hammered Harris on this point, but he instead pointed out that he graduated from the Wharton School of Business. Nobody cares about that because they care about their own well-being, as they should. This isn't a critique of Trump, just noting a missed opportunity. 

Vance can pick up this theme, though. Goldman Sachs vs. ordinary Americans would resonate to many. 

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John Stossel 8:30 AM | October 12, 2024
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