Trump Chirps Goldman Sachs About Replacing Their Economist After Latest Reporting
Never one to downplay his own success, Trump is taking a victory lap
One of the big gambles Trump took was that tariff prices he set on imported goods would be absorbed by the manufacturer and not by the seller. Goldman Sachs just put out a report saying the opposite. Results are in.
You know that old saying about economists having predicted nine of the last five recessions? Goldman Sachs, for all their vaunted reputation just fell into the very same trap.
The Press Sec crowed over the latest great economic news touching on inflation, costs of goods, and wage increases.
Ignore the Panicans and Trust in Trump.
Wages are rising and inflation is low.
President Trump’s America First economic agenda is working. pic.twitter.com/ddoTyYPi8T
— Karoline Leavitt (@PressSec) August 12, 2025
The markets responded, taking us to new highs.
With the announcement of another round of good news, Trump took to his own social media to gloat over his naysayers.
Trillions of Dollars are being taken in on Tariffs, which has been incredible for our Country, its Stock Market, its General Wealth, and just about everything else. It has been proven, that even at this late stage, Tariffs have not caused Inflation, or any other problems for America, other than massive amounts of CASH pouring into our Treasury’s coffers. Also, it has been shown that, for the most part, Consumers aren’t even paying these Tariffs, it is mostly Companies and Governments, many of them Foreign, picking up the tabs. But David Solomon and Goldman Sachs refuse to give credit where credit is due. They made a bad prediction a long time ago on both the Market repercussion and the Tariffs themselves, and they were wrong, just like they are wrong about so much else. I think that David should go out and get himself a new Economist or, maybe, he ought to just focus on being a DJ, and not bother running a major Financial Institution.
If you’re wondering about the DJ dig? We’ll refer you to the Wiki description of the David Solomon which lists him as ‘an American investment banker and DJ who has been chief executive officer (CEO) of Goldman Sachs since October 2018 and chairman since January 2019.’
If it feels like Trump is taking a personal shot at some financial bigwig?
He clearly is. Unlike some mean-spirited online rantings we might see on a typical day, he looks lilke he’s enjoying himself while he does it.
He’s a ‘happy warrior’, as so many of us describe such an attitude.