Staff Reports
Bill Ackman, the billionaire investor normally known for his deep pockets in tech giants like Google and Chipotle, is making waves with some refreshingly common-sense observations about former President Donald Trump. During a somewhat prickly discussion on CNBC, where even the coffee must have been intense, Ackman noted that voters have the rare opportunity to compare two very different presidential administrations: Trump and the current leadership. His conclusion? America thrived under Trump and will benefit by electing him again.
In what can only be described as a tale of two political worlds, Ackman branded the 2024 election a “choose your own adventure” highlighting just how dire the situation has become if voters opt for Vice President Kamala Harris. Even with a significant financial stake in Google, Ackman didn’t hesitate to prioritize national interests over corporate ones—he unapologetically stated that it’s worth risking some personal investment for the sake of America. After all, it’s not every day a billionaire investor takes a stand that doesn’t line his pocket.
.@BillAckman outlines the reasons why he's supporting @realDonaldTrump, ranging from foreign policy to leadership strength: pic.twitter.com/t5WV0tU7yn
— Squawk Box (@SquawkCNBC) October 23, 2024
As the discussion went deeper into international affairs, Ackman laid out his view on the ongoing conflict between Ukraine and Russia. According to him, Trump’s strong-arm negotiation style would likely compel Russian President Vladimir Putin to actually listen and respond. The idea here is that, unlike Harris, Trump has a record of making tough deals. It’s clear even dictators know when someone means business, and Ackman believes they certainly had their reservations when Trump was in office.
When it came to the economy, Ackman didn’t hold back. He identified the current inflation crisis as an outright disaster and suggested that navigating economic waters requires more than just passing familiarity with fiscal policy—something that the current administration seems to have a severe deficit in understanding. With inflation eating through everyday Americans’ budgets like a three-week-old burrito, Ackman argued for a return to Trump’s steady economic hand.
Lastly, the billionaire investor weighed in on the Democratic Party’s prospects, which he believes are grim. He suggested the best outcome for them this election season would be a “massive loss,” laying a foundation for a reboot that the party desperately needs. Meanwhile, other affluent figures like Elon Musk are actively supporting Trump, albeit with a bit of a cash blitz for his political PAC. With an increasing number of prominent investors openly backing Trump, it seems the movement is gathering steam, making the upcoming election one to watch—and one that Democrats still seem ill-prepared for.
