You Have to Be an Exceptionally Bad President to Lose Silicon Valley
You must be a deplorable president to lose one of the most reliable bases of support for Democrats: Silicon Valley. Joe Biden lost these guys, which is pathetic. It’s a cadre of billionaire leftists who would fund any Democrat to the hilt. So, what caused so much love to be lost in one term?
They hate Biden’s policies that entail the reining of cryptocurrency and new tax proposals. Yet, overall, Biden is bad for business, which hurls a rock through the glass house narrative this administration has created regarding how they’re building the greatest period of economic growth known to man. Some have voiced support for Trump, others are hosting fundraisers for the former presidents, and others are bashing Biden on social media but stopping short of endorsing Trump in this year’s cycle. Either way, the tech sector and venture capitalism have seen enough of Joe’s Build Back Better (via NY Post):
Some Silicon Valley venture capitalists have begun to turn against President Biden while openly touting their support for former President Donald Trump — a sea change for an industry that has overwhelmingly supported Democrats in years past.
Prominent moguls such as David Sacks, Chamath Palihapitiya, Marc Andreessen and Shaun Maguire have grown disillusioned with signature Biden policy proposals such as his call for a 25% “billionaire tax” as well as antitrust crackdowns waged by the Federal Trade Commission.
“It’s impossible to support Biden,” Keith Rabois, an early executive at PayPal who also played a role in the growth of LinkedIn, Square and Slide, told the New York Times.
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Tech executives are also unhappy with the stringent regulations imposed on the cryptocurrency sector by Gary Gensler, Biden’s pick to head the Securities and Exchange Commission.
(Read more from “You Have to Be an Exceptionally Bad President to Lose Silicon Valley” HERE)
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