New analysis by investment bank Goldman Sachs warns that if coronavirus spreads and hinders U.S. economic growth it could increase the likelihood that President Trump is defeated in November.
IBTimes reports new analysis by the Goldman Sachs Group will certainly confirm Trump in his assessment. The multinational investment bank and financial services company reports a higher likelihood of Trump’s defeat on November 3 if the U.S. economy slows significantly due to the coronavirus hindering U.S. economic growth.
“If the coronavirus epidemic materially affects US economic growth it may increase the likelihood of Democratic victory in the 2020 election,” said Goldman Sachs analysts led by Ben Snider in a report published Wednesday night.
Goldman Sachs didn’t forecast as to who the Democrat will be that will beat Trump. As things stand after two caucuses and one primary by the Democratic Party, the clear frontrunner is avowed democratic socialist and independent candidate Sen. Bernie Sanders from Vermont.
Per DailyCaller, Vice President Mike Pence addressed the Trump administration’s efforts to combat the coronavirus during a speech Thursday at the Conservative Political Action Conference (CPAC).
President Donald Trump appointed Pence to head a coronavirus task force, which will attempt to prevent the spread of the virus in the U.S.
“President Donald Trump has no higher priority than the health, safety and well-being of the American people,” Pence said.
Pence said the Trump administration was prepared for anything, no matter how bad the outbreak gets.