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Goldman Says Democratic Sweep Would Unleash Stimulus

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Goldman Sachs told clients that a Democratic “blue wave” in November could unleash the fiscal floodgates and fuel the amount of stimulus flowing from Washington, CNBC reports.

Wrote chief economist Jan Hatzius: “A congressional Democratic majority would likely result in substantially more fiscal support. We expect that spending would increase the most under a Democratic sweep of the House, Senate and White House.”

Goldman also reiterated its finding that the boost to U.S. economic growth would “outweigh the negative effects of tax increases.”

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About Political Wire

goddard-bw-snapshotTaegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

Goddard is the owner of Goddard Media LLC.

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