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Why Its Good That The Democrats Lost


2m read
·Nov 7, 2024

I'm going to stay on this theme for a moment and call this perhaps the greatest night the Democratic party can ever have if they lose. Let me explain that I was very troubled just over a 100 days ago when they circumvented the Democratic process and anointed somebody. The analogy is easy to a Super Bowl: you arrive at the Super Bowl game and by any measure this is the Super Bowl of global politics. A presidential race, your quarterback Biden is injured; he's taken out of the game. You don't bring a quarterback in that's never, ever, ever won any game anywhere.

You run a process, and they missed that opportunity. This is a chance for them to—I'm not saying they're going to lose—but I'm going to those percentages and saying they get to reboot; they get to go back to the center. They get to scratch this whole thing and the influences of a Schumer or Pelosi or a movie star or an Obama deciding to anoint somebody. Those guys are gone in four years; they won't have that kind of influence.

This could be great for America because I'm an investor. I have to work with whoever is in the White House in January, but I care about policy. When I hear policies coming out of a party that are so twisted against the American way of life—like basically taxing capital gains that are unrealized—that's not America. Or price controls? That's not America.

A 2018 % tax rate takes us to the bottom quartile of competition; that's bad. We can't do that; that would hurt the country. All I do is work with entrepreneurs that want to build businesses. There's a reason people come here under barbed wire and drown in rivers to get into America. It's the American dream.

It's the only thing the president has to do: to maintain it. Those policies are against the American dream. I have nothing against Harris; I mean, look, she did a masterful job in getting to where she is. It would be good for them to lose tonight. It would reset and reboot and get that party back to the center. It would be good for them; they may not want to hear that, but they may have to.

Kevin, you may have to deal with it.

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