Politics

Bernie Sanders would ‘ruin the economy,’ former Goldman Sachs CEO says

(CNN) — Former Goldman Sachs CEO Lloyd Blankfein thinks Bernie Sanders would be a bad president. It’s safe to assume that Sanders isn’t too broken up by that, considering that the Vermont senator has spent much of his campaign criticizing Wall Street and billionaires.

In the wake of Sanders’ New Hampshire primary win Tuesday night, Blankfein sent out a tweet that took shots at both Sanders and President Donald Trump.

Sanders’ proposals include major increases in corporate taxes and taxes on the rich, breaking up big tech companies that have helped lift the overall market, curbing stock buybacks and instituting Medicare for all to provide government-run health care for all Americans.

The Sanders campaign did not immediately respond to the tweet. But many of his supporters responded on Twitter and cheered the fact that Blankfein was saying bad things about their candidate.

Blankfein hasn’t donated money to any presidential candidates this election cycle, according to OpenSecrets.org, which tracks campaign finance records. He has given money to both Democrat and Republican candidates and political action committees in the past. The last time he backed a presidential candidate financially was in 2007 when he gave the legal maximum donation of $4,600 to Hillary Clinton.

This isn’t the first time Blankfein criticized a 2020 Democratic presidential candidate’s potential harm to the US economy. He also criticized Senator Elizabeth Warren, another vocal critic of the rich and Wall Street, telling CNN that he believed she would bring cataclysmic change to the economy. Warren was a front runner when he made that statement. But she finished a distant fourth in Tuesday’s primary vote.

Still, investors do not appear to be worried about the possibility of a Sanders presidency, despite his success in New Hampshire and a strong showing last week in the Iowa caucus. Market analysts say investors seem to be betting that Sanders can’t win the presidency, despite his early success. They may also believe that even if he wins he won’t have the support in Congress to pass major parts of his agenda.

Blankfein retired as Goldman CEO in 2018.

The S&P 500 is up 4.5% so far this year and was higher in early trading Wednesday. Investors are encouraged by the strength of the US economy and hopes that the worst has passed on the coronavirus that has already killed more than 1,000 people.

MORE POLITICS STORIES

Purse lost in 1957 discovered inside wall of Ohio school

(CNN) — The mystery of the contents of a purse found in the space between a locker and a wall in an Ohio middle school has been revealed.

The red purse covered in dust was discovered last year by Chas Pyle, a custodian at North Canton Middle School, when he was reattaching the trim between the lockers and the wall. The school district in North Canton, Ohio, posted images of the long-lost purse, trying to find its owner.

After some investigating the school learned it had belonged to former student Patti Rumfola, who lost it in 1957. Rumfola passed away in 2013, but the school was able to connect with her children.

“Patti’s five children were together for a family gathering in the fall where they opened the purse to have a glimpse into their mother’s life as a teenager at Hoover High School,” said the school’s post on Facebook.

The contents of the woman’s clutch were revealed on social media by the school Thursday, offering a glimpse into the life of an American teenager in the 50’s. Like many women, Rumfola carried around a comb and some makeup, including powder and lipstick in the shade of “pastel pink.”

The purse also contained her membership cards to the local public library, YMCA and American Junior Red Cross. There also were several black-and-white photos of what appears to be family and friends as well as a dog, one dating back to 1950.

“Patti. Good luck to a swell girl and friend. Bonnie” is inscribed on one of the photos.

She even had a high school football schedule from 1956, showing where she had marked off some the games.

Rumfola’s purse also held 26 cents, which became special mementos for her children.

“Each of her five children kept one of the wheat pennies as a token of remembrance of their mom,” said the school district.

Rumfola graduated from the school district in 1960 and went on to have a career as a teacher. She married John G. Michele in 1980 and he preceded her in death, according to her obituary.

The-CNN-Wire™ & © 2020 Cable News Network, Inc., a WarnerMedia Company. All rights reserved.

MORE STORIES

LIKE US ON FACEBOOK