Elections

Billionaire Backs Donald: ‘If Trump Doesn’t Win … We Have A Major Problem In Our Economy’

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Robert Donachie Capitol Hill and Health Care Reporter
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Billionaire investor Carl Icahn publicly praised Republican nominee Donald Trump’s economic plan and pledged Trump his vote Tuesday.

Icahn has repeatedly refused Trump’s offer to make him secretary of the treasury. He denounced the bid in early August by stating he has plans to form a PAC focused on regulatory reform.

Trump is “right on about the economy,” Icahn told CNBC Tuesday. Icahn likened Trump to Archie Bunker, the fictional conservative working class character from Queens, who was the main character in “All in the Family,” reports Reuters. He explained his characterization of Trump as Bunker, often described as the “lovable bigot,” and went on to say that blue-collar voters are “going to vote for him” because these voters “know they are getting screwed.”

Trump’s campaign theme focuses on how America is steadily losing manufacturing jobs, an industry where many in the middle class find employment. Icahn drove home this point, stating that it is “no surprise that today it was announced growth in productivity was down for the 3rd straight quarter and is at an all-time low.”

“We don’t have jobs for the middle class,” Icahn said on CNN’s “Quest Means Business” Tuesday evening. He warned that if Trump loses this election, you will see “more of the same in the last eight years,” a time he characterizes as “government at war with business.” Icahn noted that executives “rightly so are afraid to invest” in new equipment, employees, and means of production due to fear of stricter regulation or more government intervention.

Despite Trump’s repeated claims that he will bust corporate cronyism and be tougher on Wall Street, Icahn thinks this is merely campaign fodder. (RELATED: Which Candidate Is Better For Your Bottom Line: Trump Or Clinton?)

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