Tags: sternlicht | trump | biden | fear | far left

Billionaire Sternlicht: Fear of Far Left Taking Over Worked for Trump

By    |   Wednesday, 04 November 2020 11:23 AM

Starwood Capital CEO Barry Sternlicht said the close election demonstrated the effectiveness of President Donald Trump’s attacks on Joe Biden as being an extremely liberal politician.

“I really think the nation repudiated the far left,” Sternlicht told CNBC. The billionaire investor hinted that Biden, while running as a moderate Democrat, was unable to transcend the president’s portrayal of him.

“I think Donald was very effective in showing the anarchy of the big cities, and a lot of the nation said, ‘I don’t want to see that happen to us,’” Sternlicht said.

Meanwhile, the excruciatingly close U.S. presidential election hung in the balance on Wednesday, with a handful of closely contested states set to decide the outcome in the coming hours or days, even as Trump claimed victory and made unsubstantiated allegations of electoral fraud.

Biden opened up narrow leads in Wisconsin and Michigan on Wednesday morning, according to Edison Research, as the two Midwestern battleground states that the Republican president won in 2016 continued to count mail-in ballots that surged amid the coronavirus pandemic, Reuters said.

Together with Nevada, another state where Biden held a small advantage with votes still left to be tallied, those states would deliver Biden the 270 votes needed in the state-by-state Electoral College to win the White House. But Trump still had a path to victory with those states officially undecided.

"What's emerging for me is that not much is going to change as a result of this election, even if Biden wins," said Peter Kraus, a former Goldman Sachs executive who founded asset management firm Aperture Investments in 2018.

"The Senate is unlikely to flip. Stimulus bills, investments in infrastructure, significant fiscal spending and tax changes look in a rear view mirror as opposed to the front mirror," Kraus told Reuters.

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Starwood Capital CEO Barry Sternlicht said the close election demonstrated the effectiveness of President Donald Trump's attacks on Joe Biden as being an extremely liberal politician.
sternlicht, trump, biden, fear, far left
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2020-23-04
Wednesday, 04 November 2020 11:23 AM
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