Billionaire businessman David Rubenstein argued at the World Economic Forum that former President Trump has a clear chance of winning.
Billionaire businessman David Rubenstein argued at the World Economic Forum on Friday that former President Trump would likely win “if the election were held today.”
Rubenstein, co-founder and co-managing director of Carlyle Group, one of the world's largest private equity firms, attended a final round of the forum in Davos, Switzerland. Francine Lacqua of Bloomberg Television asked him: “David, a number of leaders have expressed concern about what Donald Trump in the White House means for fragmentation and for foreign policy. Is there a way the rest of the world can Trump-proof their economies?”
“Um, if someone has a way to do this, I think they should patent it and probably sell it to someone else,” Rubenstein began. “That would be very difficult.”
He further expressed surprise that Trump, rather than being hampered by his political processes, has actually gained popularity, making him the most likely opponent for incumbent President Biden.
Bloomberg News host Francine Lacqua asked World Economic Forum leaders on Thursday how they are preparing for Donald Trump's potential re-election, and billionaire businessman David Rubenstein argued Trump has a clear chance of winning. (WEF)
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“Obviously, the biggest political change that occurred in the United States last year was also unforeseeable — or unforeseeable, I would say,” he said. “I don't think anyone outside the Trump family would have predicted that Donald Trump would be indicted four times, 91 counting on various counts, and that his popularity would rise to the point where they would have a reasonably good chance of being arrested.” Republican nomination by March, which is earlier than almost every competitive presidential candidate has secured the Republican nomination.”
“If he is nominated,” Rubenstein said, “it would be the first time ever that a Republican Party has nominated the same person three times in a row.” He clearly has a following that many analysts have overlooked, and I don't think any of them have court case will change its momentum. So I think that people should recognize that he is a serious political force and that they should not ignore the fact that he could well be re-elected, although many people in Europe, where we are now, are not really his biggest fans.
He argued that both Trump and Biden were possible candidates this year.
“That’s why I wouldn’t rule out the possibility of him being re-elected. Joe Biden should not be ignored. Obviously we have two older candidates. People have suggested to me that I should run for president,” he joked. “I say, 'I'm only 74 and you have to be older to walk.'”
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He then laid out the numbers why Trump could have a better chance in the 2024 election.
“The final note is that in our country, in the last two presidential elections, 45 out of 50 states voted exactly the same in each of those two elections. Only five states voted differently. Those five states are Arizona, Georgia, Michigan, Pennsylvania and Wisconsin,” he said. “These five states are the only ones that voted differently in these two elections. Right now, Donald Trump is ahead in all five of these states.”
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This, says Rubenstein, is remarkable and a sign that Trump will win from today.
“He lost all five of those states last time. Hillary Clinton also lost these five states, Biden won them last time,” he told the reporter. “So it's all going to come down to these five states, and if the election were held today, it would be hard to imagine how Trump would lose this election today, but there's still a long way to go. And the most important thing you can say. “When it comes to the presidential election in our country, things are constantly changing and we probably won't know for sure where it's really going until about a month before the election.”