The Atlantic

The Berniephobes Are Wrong

Wall Street fears the rise of the Vermont senator. The rest of America has less to worry about.
Source: Mike Segar / Reuters

Earlier this week, Lloyd Blankfein, the former head of Goldman Sachs, waded into the presidential race. “If Dems go on to nominate Sanders, the Russians will have to reconsider who to work for to best screw up the US,” he wrote on Twitter. “Sanders is just as polarizing as Trump AND he’ll ruin our economy and doesn’t care about our military. If I’m Russian, I go with Sanders this time around.”

Gaining an anti-endorsement from one of the leading experts on economy-ruining must have delighted the Sanders campaign. And it was just the and Stanley Druckenmiller that a Sanders victory would cause the stock market to tank; big money has at every candidate who might plausibly defeat Sanders and his progressive fellow traveler, Elizabeth Warren; and bankers have spent months bellowing about the two liberals’ policies, some with smarm, some with true alarm.

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