Home Depot co-founder Ken Langone warns that the Republicans are in grave danger of losing control of the House next year because of destructive Democratic tactics.
“The best way they [Democrats] can be relevant in their minds – I don’t agree with it – is to be an obstructionist,” he told “Wall Street Week” on Fox Business Network.
“The Republicans, on the other hand, have skin in the game." the CEO of the venture capital fund Invemed Associates said.
"If we don’t get some significant acts, things done, we’ll lose control of the House next year,” Langone said.
The billionaire investor also explained how media outlets are trying to improve their reputations after the 2016 election.
“What happened last November was the public said ‘the hell with you media, I’m voting the way I want to vote’ and they were shocked,” he said.
For his part, President Donald Trump will hit the road to ramp up his long-promised plan to overhaul the nation's aging airports, roads and railways, a push that could energize his supporters and distract from political intrigue in Washington.
The infrastructure push — which will include a trip to Cincinnati, Ohio — comes as the White House seeks to refocus attention on core promises to boost jobs and the economy made by Trump last year during his campaign for office, Reuters reported.
Those pledges have been eclipsed by the political furor over Russia's alleged meddling in the 2016 U.S. election. That drama will come to a head on Thursday when former Federal Bureau of Investigation Director James Comey, who was leading the Russia probe until Trump fired him, testifies before a U.S. Senate panel.
Trump — who has denied any collusion between Russia and his campaign — has struggled to keep the spotlight on plans that could give him a political lift. The four events next week on infrastructure, which were in the works before Comey's hearing was scheduled, will give Trump the opportunity to provide some counterprogramming to the drumbeat of Russia news.
It is a deft messaging move, said Chris Barron, a pro-Trump Republican strategist, who says the president is at his best when he is on the offensive.
"I think we need to see Trump out of D.C. I think we need to see Trump out on the road. I think we need to see Trump engaging his base, firing up his base," Barron told Reuters.
(Newsmax wire services contributed to this report).
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