Billionaire investor Barry Sternlicht warned Tuesday that Vice President Kamala Harris' policies are harmful to business and that she is more progressive than President Joe Biden.
The Federal Trade Commission (FTC) under the Biden-Harris administration has targeted successful American industries, including artificial intelligence and big fashion. Squawkbox's Sternlicht pointed to FTC Chair Lina Khan's antitrust actions as an example of how anti-business Harris's policies are, and said she needs to moderate if she wants to beat former President Donald Trump.(Related: Groups that defund conservatives try to rile up Biden FTC about Elon Musk's X)
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'Abhorrent to business': Billionaire warns Kamala Harris 'more left than Biden' pic.twitter.com/WPMznW9N4u
— Daily Caller (@DailyCaller) July 30, 2024
“Half the country is still independent. Someone in the middle is going to win the election. If Trump can convince moderates like me to be a moderate, he'll win. And I don't think Trump is a middle-of-the-road personality. She's more to the left of Biden. And her policies are obviously anathema to business,” Sternright said. “I don't know how that will play out… and she's going to have to be in the middle. I think her running mate will be somewhat important… I mean, her meetings in Washington have been mostly with the Congressional Black Caucus and progressives. She's ignoring the moderates.”
“We all think the FTC has missed the mark when it comes to business… They're going after the real estate industry. We and another company together have less than a tenth of a percent of the market, and they're going after our pricing,” the billionaire added. “I mean, how can all this crazy stuff happen when Google has like 95% of the searches or whatever? So I'm like, [Khan] It's completely crazy.”
FTC January 2022 Taken Mehta has taken Facebook to court, accusing it of having a social media monopoly. Charged In June 2023, Amazon filed suit alleging that it had “misled millions of consumers into signing up for Amazon Prime without their knowledge.” according to Regarding that complaint.
Harris, who is currently considered the Democratic nominee, has pushed for several left-leaning bills during her time in the U.S. Senate, including diversifying the government workforce, environmental justice, an eviction freeze and work authorization for certain groups of undocumented immigrants.
Trump leads Harris by 12 percentage points on economic policy and 13 percentage points on immigration. according to The former president also has a 5% lead on crime, according to a recent Wall Street Journal poll.
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