Goldman CEO Blankfein Bullish on Investment in America

Thursday, 19 Jul 2012 07:48 AM

By Dan Weil

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
When a big investor or corporate CEO asks Lloyd Blankfein where to invest, the Goldman Sachs chief executive has a simple answer: right here.

“The United States remains as attractive as ever,” he writes in Politico. “And it would be even more attractive if it can make some short-term progress in a few key areas.”

As for the pluses, first, our nation benefits from high birth rates and immigration,” Blankfein says. “The U.S. remains a magnet for many of the smartest, most ambitious people in the world.”

Editor's Note: Obama Donor Banned This Video But You Can Watch it Here

Second, we’re supplying more of our own energy and adopting clean technologies. Third, the government acted strongly to ease the 2008-09 financial crisis, and the financial sector is returning to health.

Finally, U.S. companies have restructured more thoroughly than others in the past four years.

On the minus side, the government still has a $16 trillion debt. Blankfein favors using the Simpson-Bowles commission recommendations as a basis for fiscal reform.

Second, the government must “make it easier for people to legally immigrate,” he writes. Third, the United States must invest more in infrastructure. And finally, the political parties must learn how to compromise.

Many experts are less optimistic than Blankfein.

The U.S. economy is headed for a meltdown worse than the 2007-2009 recession, says Peter Schiff, CEO of Euro Pacific Capital.

"We've got a much bigger collapse coming," he tells Yahoo. "It's like what you're seeing in Europe right now, only worse."

Editor's Note: Obama Donor Banned This Video But You Can Watch it Here







© 2014 Moneynews. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web

Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
Privacy: We never share your email.
 

You May Also Like
Around the Web

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved