Expect a 2nd term for Trump, says Goldman Sachs

Powerline: Goldman Sachs must be one of the most heavily Democratic business organizations in the U.S., and it’s a good thing: given the company’s pervasive influence on American business, if its partners were Republicans they would be more vilified than the Koch brothers. So it is a day-brightener to see that Goldman predicts a Trump re-election in 2020: narrowly, but still.

President Donald Trump holds a “narrow” electoral advantage heading into 2020, according to Goldman Sachs, with his chances buoyed by a resilient U.S. economy and a crowded Democratic field in which a clear frontrunner has yet to emerge.

In a comprehensive report released late Saturday, the investment bank gave its preliminary thoughts on a general election that’s still more than a year away.

While Trump reelection is far from assured, Goldman’s economists believe the president is bolstered by “the advantage of first-term incumbency and the relatively strong economic performance,” in what is sure to be a “close call” election.

I think that is a sound assessment. Of course, Yahoo Finance must get its anti-Trump licks in:  more