Goldman Sachs CEO Lloyd Blankfein says that while the political environment in the United States is “pretty bad,” the economy is actually “pretty good.”
“If you were frozen in an iceberg for four years and … you woke up, came out, thawed and you saw an economy that’s full employment, low energy prices, basically balance sheets have been cured, a lot of cash again, low rates, you think … it’s pretty good,” he told MSNBC.
“People may not like the job the have in every case, they never do,” he said. “Financial conditions and economic conditions are really not as bad as politics would suggest,” he said.
Blankfein also said the U.S. needs to stay focused on wealth generation — even as there’s more stress over wealth distribution, CNBC reported. That’s for the politicians, he added.
To be sure, he spoke as the stock market was poised to set an