A major technology investor expressed private support for Donald Trump amid dissatisfaction with Biden's administration, particularly its spending and regulatory measures. Business leaders, while publicly cautious, resonate with Trump's approach, believing it addresses crucial macroeconomic concerns. They remain skeptical about the current administration, even as economic gains unfold. Despite Trump’s chaotic policies and controversies, a significant number of centrist businessmen find value in his leadership, prioritizing macroeconomic perspectives over specific issues. The prevailing sentiment highlights a preference for Trump's unpredictability over perceived failures of alternative candidates like Kamala Harris.
I'm a fan of the ideas; I'm not always a fan of the execution. For him, the macro trumps the micro.
The macro was a reference to the main factor that drove centrist businessmen toward Mr. Trump in 2024: a belief that both the spending and the regulatory tilt of the Biden administration were out of control.
Even the strong economic gains of the past four years couldn't get most of them to back Kamala Harris.
...Mr. Trump remains better than any of the alternatives.
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