The Rest Is Politics: US 8. Donald Trump, Wall Street, and power: How billionaires choose their next president
Jun 7, 2024
Explore why Wall Street and Silicon Valley are backing Donald Trump and the implications of billionaire influence on democracy. Discover the intense fundraising dynamics following Trump's indictment and how it shapes campaign strategies against Joe Biden. Dive into the impact of social media on modern political financing and voter engagement. Uncover Biden's controversial immigration executive order and its effects on the political landscape. Plus, hear a personal story that reflects shifting attitudes toward military leadership.
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Trump's 2016 Fundraising
- Anthony Scaramucci recounts Trump's 2016 fundraising struggles, highlighting the reliance on small donors.
- Big donors initially resisted Trump, citing concerns about his demeanor and potential business impact.
Billionaire Strategy
- Billionaires supporting Trump employ a Venn diagram analysis, viewing support as a low-risk, high-reward proposition.
- If Trump wins, they benefit; if he loses, Biden's traditionalism poses no threat.
Biden-Ackman Near Fracas
- Scaramucci shares an anecdote about a near altercation between Joe Biden and Bill Ackman at a dinner.
- Ackman's provocative comment about Biden's age sparked a heated exchange.