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Business leaders turning on Trump.

Billionaire Co-Founder CEO of Linked Reid Hoffman supports Joe Biden. "I want to reiterate my belief that Joe Biden has earned a second term through exemplary leadership in challenging times."

"Unemployment hasn’t been this low since 1954. In defiance of Wall Street critics, Biden’s team seems to have engineered the rare “soft landing” where inflation is coming under control, but nearly everyone who wants a job can get one. Indeed, The Economist recently reported that under Biden, America's economy has been "astonishing" — the world’s most productive, innovative, and richest."

And yes, President Biden does deserve credit.

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by Anonymousreply 25June 27, 2024 8:19 AM

There are no Fortune 100 CEOs who are supporting Donald Trump.

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by Anonymousreply 1June 25, 2024 9:40 PM

The mainstream media doesn't care.

All they want are dramatic stories that produce clickbait.

Joe Biden is too calm and rational for them. He's a "news killer."

They prefer Donald Trump, who prompts outrage every day.

That's what sells.

I hate the lousy counting corporate media.

by Anonymousreply 2June 25, 2024 10:02 PM

Hunny, he's declared bankruptcy multiple times. We can't allow this country to be another bankruptcy for IT.

by Anonymousreply 3June 25, 2024 10:05 PM

Did you read the first post r3? It's about Trump LOSING support from business not gaining anything.

by Anonymousreply 4June 25, 2024 10:11 PM

OP I'm sure you enjoy selectively parsing your sources but you may want to consider this article from The Nation - which is an EXTREMELY liberal news organization

I have asked ChatGPT to summarize it for you:

Jeffrey A. Sonnenfeld, head of the Yale Chief Executive Institute, argues in The New York Times that senior business executives are generally against a second Trump presidency. While a few billionaires support Trump, most corporate leaders distrust his economic policies, comparing them to Marxism rather than capitalism. Sonnenfeld points to the unprecedented lack of donations from Fortune 100 executives to Republican campaigns as evidence.

However, this shift in political donations is more about avoiding controversy than outright opposition to Trump. In the 2020 election, very few Fortune 100 CEOs donated to either candidate, a trend continuing in the current cycle. Many companies have moved away from direct political donations to avoid backlash, particularly those that funded GOP members who opposed the 2020 election certification.

Corporate PACs are being replaced by individual billionaires in political fundraising, especially post-Citizens United. Notably, Timothy Mellon recently donated $50 million to a Trump PAC, overshadowing previous fundraising advantages held by Biden.

Sonnenfeld’s claims are challenged by the fact that Trump’s campaign is currently outpacing Biden’s in fundraising. The article argues that Trump’s continued promises of tax cuts and deregulation are still appealing to the business community, despite their public reticence. Ultimately, Sonnenfeld’s view is seen as wishful thinking, hoping for a more moderate conservative consensus that contrasts with the current GOP dynamics.

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by Anonymousreply 5June 25, 2024 10:20 PM

And now I have asked it to explain the article using drag queens as a metaphor.

Imagine a vibrant community of drag queens who have traditionally managed their performances and shared the spotlight fairly. Recently, a powerful drag queen named Trump took center stage with controversial methods, promising prime gigs to certain queens while taking opportunities from others, causing chaos.

Now, many senior drag queens, especially those running large shows, are wary of Trump returning to power. They remember how her unpredictable policies disrupted their shows. Most top show producers prefer a stable performance environment and are not supporting Trump’s campaign, a first in the community.

Interestingly, the entire community is more polarized. Many senior queens are avoiding political donations to prevent backlash from fans. Instead of direct support, some wealthy queens secretly funnel money to Trump. For instance, a rich queen named Timothy Mellon recently donated a large sum to support Trump, compensating for the lack of support from big producers.

Sonnenfeld, a respected elder queen, hopes that the senior queens’ distrust of Trump will lead to more sensible leadership. She nostalgically recalls when the community was led by wise queens. However, she overlooks that Trump’s promises of tax cuts and other benefits still attract some queens, keeping her influence strong.

In summary, while many senior drag queens are cautious about supporting Trump due to her disruptive past, individual wealthy queens still back her, maintaining her strong presence in the community.

by Anonymousreply 6June 25, 2024 10:25 PM

R4/R5, I'm sure you're enjoying selective parsing of sources as well, but mere donations aren't by themselves an indicator of anyone necessarily "turning on" anyone else. For anyone who knows a single thing about business, Trump would be ruinous for it. He's doubling down on his already-once-failed Chinese tariffs idea, and any sane economist will tell you that tariffs *never* work. (His first round of them cost American taxpayers over $50 billion.)

No, it's not even remotely new that a number of corporations have opted out of donating to individual candidates because they always end up pissing someone off. Even the odious Peter Thiel, one of Trump's biggest backers in the past, is entirely sitting this election cycle out. Again, this is neither here nor there in terms of the November vote.

The reality of the situation is that Biden – despite many predictions to the contrary, including my own – has managed to weather a truly BATSHIT amount of insanity, and non-Trump-cultist economists have almost uniformly approved how he's managed to help America navigate inflation, supply-chain problems, etc. There's only so much that the endless "no taxes!!!!" promises the GOP brays about constantly can fix, particularly since tax cuts almost always hurt instead of help. (No, the federal budget isn't really "out of control," and the main reason our deficit is huge is because of the absurd tab we racked up over 20 years in the Middle East – now thankfully over.)

Finally, R2 is correct: we're obviously in for yet another season of nauseating clickbait to make the presidential race seem like a horse race to the fullest extent possible. And, yet again, the results will be the same as they were for the past 30 years: about 20% of the electorate will vote straight-ticket D across the board; 20% will do the same with a straight R ticket; and independents will decide the actual outcome, as usual.

by Anonymousreply 7June 25, 2024 10:42 PM

R2, you are right, I hate to admit it. It's about clicks these days.

by Anonymousreply 8June 25, 2024 10:45 PM
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by Anonymousreply 9June 26, 2024 1:30 AM

R6 strangely made more sense than r5.

by Anonymousreply 10June 26, 2024 2:14 AM

Fortune 100 CEOs, actual successful business people, have always known Trump wasn’t one of them.

Real Estate developers are the surgeons of the business world. It attracts flashy assholes and every other business-type around them knows they were the bottom half of whatever class they were ever in.

by Anonymousreply 11June 26, 2024 2:35 AM

Clicks aren't votes.

Tweets and re-tweets aren't votes.

Polls aren't votes.

Only one thing is a vote. You know what that is. Fight! VOTE!

by Anonymousreply 12June 26, 2024 2:52 AM

[quote] Business leaders turning on Trump. Billionaire Co-Founder CEO of Linked Reid Hoffman supports Joe Biden.

Misleading propaganda piece. Hoffman didn't "turn" on Trump. He routinely supports left of center politics and has already spent hundreds of millions on Biden.

Our oligarchs love us.

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by Anonymousreply 13June 26, 2024 3:56 AM

It does absolutely no good unless they come forward and make their objections widely known.

by Anonymousreply 14June 26, 2024 12:50 PM

I think they are coming forward. That's why these stories are appearing in the press. If they come forward in a more direct way, their companies will suffer a backlash, and that's contrary to their responsibilities to their shareholders, employees, etc.

by Anonymousreply 15June 26, 2024 12:52 PM

MSNBC covered this, and noted that (a) something business owners and CEOs really hate is uncertainty, and with Trump you never know what he will "decide" next, and (b) Trump is known to be transactional. He thinks EVERYTHING is quid pro quo. That's great if you can make him the best offer or be his best supporter, but as soon as someone comes along he likes more or who outbids you, you can be out, at great expense.

He also doesn't care about the law, which is another form of certainty these guys build their businesses around, even if they pay advisers to help them bend it at the edges.

by Anonymousreply 16June 26, 2024 1:31 PM

I don't think this is really a compliment to Biden. Means he is a corporate puppet.

by Anonymousreply 17June 26, 2024 1:54 PM

R17, it means Biden is a non-factor to these people. We all can agree Dump is terrible for business, and everything else that matters. Doesn’t mean Biden is ideal for business, just that he’s less worse (to the CEOs).

by Anonymousreply 18June 26, 2024 1:58 PM

[quote] Means he is a corporate puppet.

The guy who was given a lifetime job as senator from DELAWARE a corporate puppet ? G'wan

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by Anonymousreply 19June 26, 2024 2:01 PM

Corporate Puppet vs four years of a crybaby attacking a business abd terrifying it's employees be a use someone in the company says something against his orangeness?

I'll take the corporate puppet. I've been the employee targeted by MAGA nuts. Fuck every last one of them to Hell.

by Anonymousreply 20June 27, 2024 1:38 AM

Oh, yes. A "corporate puppet" who was the first sitting president to walk a picket line with striking workers. A "corporate puppet" who saved pensions for millions of Americans in states such as Wisconsin, NY, Ohio, and Pennsylvania. A "corporate puppet" who is doing everything to make big business pay it's fair share, like it used to, before St. Ronnie fixed it for the corps.

by Anonymousreply 21June 27, 2024 2:02 AM

Someone on the radio was interviewing voters this morning and just asked one point blank, "I understand but how would choosing Donald Trump solve those problems?" and he something like, "Cuz... when he wuz President things wuz good".

by Anonymousreply 22June 27, 2024 4:04 AM

R21 is lucky to live in the world lead by communist Biden. As you describe him seems almost like Lenin.

Unfortunately, the rest of the world live in a new Gilded age. In a world where Wall street(major president's donor) is outbidding ordinary people in buying houses. In a world where rent has been doubled since Biden took the presidency. In a world where cost of living, food particularly has gone to heaven thanks to price gouging since Biden came to presidency. Where big corporations are pushing out farmers an talking hold of all the land. Where president's biggest occupations are foreign wars that benefit military industrial complex. Where middle class has been destroyed.

Little surprise that the same person was the vice president in the times Wall street had been bailed out by taxpayer's trillions.

by Anonymousreply 23June 27, 2024 6:40 AM

#23 doesn't remember we just emerged from a worldwide pandemic. And who was President when it did finally- as Trump promised- 'go awayyy'?

by Anonymousreply 24June 27, 2024 8:10 AM

Pandemic doesn't mean you have to pander to Big money.

by Anonymousreply 25June 27, 2024 8:19 AM
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