Is Goldman Sachs Providing Pitchforks to the Democrats?

My post this morning,Goldman Sachs Goes Totally Keynesian, brought in several emails and one phone call. The phone call came from a three decade Washington D.C. insider. He tells me that the Goldman Sachs report that I highlighted was unlikely to be released at this time by accident. Specifically, the report, written by Goldman Sachs economist Alec Phillips, says that the minuscule spending cuts of $61 billion in 2011, which were just approved by Republican controlled House, could reduce US economic growth by 1.5 to 2 percentage points in the second and third quarters of the year. Naturally, I called...