‘Catalysts For My Losing Total Confidence’: Billionaire Investor, Donor Bill Ackman Tears Into Biden-Harris, Dems
Billionaire investor Bill Ackman ripped into the Biden-Harris administration Friday, posting to X (formerly known as Twitter) 33 “catalysts” for his “losing total confidence” in the Democratic Party.
Ackman formally endorsed Republican presidential nominee Donald Trump hours after the former president survived an assassination attempt at a July 13 rally in Butler, Pennsylvania. Many of Ackman’s friends and his family were “surprised” by the endorsement, he wrote on X, taking the opportunity to dismiss claims he wanted financial benefits or a role in a potential Trump administration.
Ackman, who previously donated hundreds of thousands of dollars to various Democrat political figures, named illegal immigration, inflationary policies and the botched withdraw from Afghanistan as the first three “catalysts for my losing total confidence in the administration and the Party.”
A number of my good friends and family have been surprised about my decision to support @realDonaldTrump for president. They have been surprised because my political giving history has been mostly to Democrats, my voting registration has typically been Democrat (in NY, you must…
— Bill Ackman (@BillAckman) October 11, 2024
Ackman went on to say unnecessary energy regulations on businesses, policies releasing violent criminals without bail and the destruction of street businesses by decriminalizing shoplifting influenced his bygone support.
More business-related grievances include attempts to limit or ban fracking and the promotion of diversity, equity and inclusion (DEI) hiring practices.
Ackman blasted the LGBT curriculums and the encouragement of sex-change surgeries for minors. He also denounced the Black Lives Matter (BLM) riots and COVID-19 lockdown policies of the early Biden-Harris administration before condemning anti-Israel protests on college campuses and the rise of antisemitism.
Other admonishments include vaccine mandates, censorship of free speech, weaponization of the justice system, the Defund the Police movement, government subsidies for insufficient products, federal mandates and attempts to ban gas-powered cars and stoves. (RELATED: DOJ Sues State Over Order Removing Illegal Migrants From Voter Rolls)
The hedge fund manager was notably displeased with the emboldening of foreign adversaries.
Ackman called out Democrats for using “a backroom process by undisclosed party leaders” to select Vice President Kamala Harris instead of giving Americans the opportunity to elect a new candidate to replace President Joe Biden on the ballot.
He concluded by calling Harris an “inferior candidate” before stating “Americans lost confidence in the accuracy and trustworthiness of our voting system” as a result of laws preventing voter ID.
“I welcome your thoughts,” Ackman wrote at the end of his list of grievances.
Editor’s note: This report has been updated to improve accuracy.
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