A Republican hedge fund billionaire says former President Donald Trump belongs in prison, not in the Oval Office for another four years.
“It would be terrible for the country if Donald Trump were reelected,” hedge fund billionaire Leon Cooperman told CNN in a phone interview late last week. “He’s a divisive human being who belongs in jail.”
Cooperman suggested that he would likely not vote next year if Biden and Trump were the nominees for their respective parties.
Cooperman, who is Jewish, recently made headlines after he promised to freeze Columbia University out of future donations due to the anti-Israel protests on campus in the wake October 7 attack by Hamas that resulted in the slaughter of 1,400 Israelis. He has given $50 million to the school over the years.
The billionaire, who has donated to Chris Christie’s campaign, called Trump and Biden “bad choices.” He wants a “Centrist” instead of someone on the “radical” Left or “far” Right.
Donald Trump Camp Dismisses Cooperman Comment
The Trump campaign dismisses Cooperman’s jail comment.
Campaign spokesman Steven Cheung said Trump “will be the nominee and will beat Biden because he’s the only person who can supercharge the economy, secure our border, safeguard communities and put an end to unnecessary wars.”
“Americans want to return to a prosperous nation and there’s only one person who can do that – President Trump,” Cheung said in a statement.
Bad Monetary Policy Endangers Economy
The lack of fiscal discipline that continued to plague the nation after Trump became president and that has continued under Biden concerns Cooperman. Trump bypassed fiscal hawks like Speaker Paul Ryan as president to cobble together a deal with the Democrats in 2017 and again in 2018. The national debt has grown under both administrations from $20 trillion in 2017 to $33 trillion today.
“The question is whether the market deserves to be selling at 18, 19 or 20 times earnings. The answer is no,” said Cooperman. “We have a hostile government towards capital. We’re fighting two wars. And we have stupid monetary and fiscal policies that have brought demand forward.”
A runaway national debt is projected by some to potentially put the nation on track for a major stock market crash.
“According to projections by the U.S. Treasury Department, the national debt in the U.S. is on track to surpass $50 trillion by 2030, raising alarm bells among economists, credit rating agencies, and fiscal hawks in Washington, D.C. The new debt projections come as a deadline of mid-October nears for lawmakers in Congress to once again raise the federal debt ceiling or risk a first-ever default on U.S. debt that would be catastrophic for the stock market,” InvestorPlace said September.
Cooperman worries that oil could be headed into uncharted territory. A severe disruption caused by the war in the Middle East potentially could send oil to the inflation-adjusted high of $157 per barrel that was recorded during the 1973 Arab oil embargo.
John Rossomando is a defense and counterterrorism analyst and served as Senior Analyst for Counterterrorism at The Investigative Project on Terrorism for eight years. His work has been featured in numerous publications such as The American Thinker, The National Interest, National Review Online, Daily Wire, Red Alert Politics, CNSNews.com, The Daily Caller, Human Events, Newsmax, The American Spectator, TownHall.com, and Crisis Magazine. He also served as senior managing editor of The Bulletin, a 100,000-circulation daily newspaper in Philadelphia, and received the Pennsylvania Associated Press Managing Editors first-place award for his reporting.
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