Tags: 2020 Elections | trump | critic | barry diller | humbled | close election

Trump Critic Barry Diller Feels Humbled by Close Election

By    |   Wednesday, 04 November 2020 11:40 AM

Billionaire media mogul Barry Diller said he doesn’t think the outcome of the still close presidential election will have “any effect on business.”

If anything, “government’s going to be divided. That’s probably good for business,” Diller, a major Democratic donor and critic of President Donald Trump, told CNBC.

“The hordes of liberal policies and taxation and all this stuff, forget it, that’s gone for now. Probably for at least four years,” Diller said.

Diller said he was “humbled” by the results so far. “I had hoped for a repudiation” of Trump, said Diller, “for all the reasons that are kind of obvious. That has not happened.”

Diller said Trump's resilience might be a failure on the part of the Democrats. “What we’ve tried to do obviously in these last years is to point out the reasons why we think Trump is a bad character, and I’m not talking about morals, I’m just talking about lying… And yet at least half the people have said no,” Diller said.

Dilller said if Biden does prevail it will be with the thinnest of margins and probably a lot of controversy. “It clearly will be that there is no progressive agenda that’s got any steam behind it, given what is likely to happen with a divided Congress,” Diller said.

“Four years ago I thought, wow we’re scraping the bottom — now we really are at the bottom,” Diller said. “Whatever happens, he is a force,” said Diller, referring to Trump. “What he represents is a force. It has to be respected.”

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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Billionaire media mogul Barry Diller said he doesn't think the outcome of the still close presidential election will have "any effect on business."
trump, critic, barry diller, humbled, close election
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2020-40-04
Wednesday, 04 November 2020 11:40 AM
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