Kamala Harris' camp warns CEOs of Donald Trump's potential 'devastating impact' on businesses

Donald Trump got an endorsement from billionaire Elon Musk while Kamala Harris is backed by Bill Gates and Mark Cuban among the millionaires
UPDATED NOV 1, 2024
Donald Trump, and Kamala Harris are expected to have a close presidential fight on November 5 (Getty Images)
Donald Trump, and Kamala Harris are expected to have a close presidential fight on November 5 (Getty Images)

WASHINGTON, DC: Kamala Harris' campaign team is warning organizations and their heads that Donald Trump’s return will derail economic growth.

“A president who targets people, targets CEOs, targets companies, targets journalists and targets opposition could have a devastating impact on the investment confidence that has been robust for the past four years but also part of America’s strength since its founding,” said Gene Sperling, who has helped three Democratic presidents on economic policy in the past.

DORAL, FLORIDA - OCTOBER 07: Republican presidential nominee, former U.S. President Donald Trump, attends an Oct. 7th remembrance event at the Trump National Doral Golf Club on October 07, 2024 in Doral, Florida. The event was held to commemorate October 7th, 2023, when Hamas terrorists mounted a series of attacks and raids on Israeli towns near Gaza, killing 1,145 people and taking 251 hostages. (Photo by Joe Raedle/Getty Images)
Donald Trump has pushed for higher tariffs and tax cuts for rich people (Joe Raedle/Getty Images)

Economic advisor Gene Sperling blasts Donald Trump's strategy

Gene Sperling is presently working for Kamala Harris' campaign and said it’s a “common sense” case to financiers and other leaders that the second Donald Trump administration is going to be dangerous.

However, John Paulson voiced support for the former president, and defended his previous governance, reported Associated Press

“It’s completely false. When people make these claims, they’re totally spurious. They’re not grounded in reality. Trump is a brilliant businessman. He wants to bring down wasteful spending and encourage growth,” Paulson argued over the claim that the rule of law is under threat.

“We will give our companies the lowest taxes, the lowest energy cost, the lowest regulatory burdens, and free access to the best and biggest market on the planet,” Donald Trump promised at a rally in Allentown, Pennsylvania, on Tuesday, October 29.

“The problem is, if we had more of these idiots running our country, you won’t have a big and best market anymore because we’re a nation in decline,” he slammed the present Biden administration.

Mark Cuban might sign a deal with Maniac Pumpkin Carvers on 'Shark Tank' Season 15 Episode 5 (Christopher Willard/ABC)
Mark Cuban has endorsed Kamala Harris as the presidential candidate (Christopher Willard/ABC)

Business leaders who jumped into November presidential race

Interestingly, big giants from the business community have come forward as they openly support presidential candidates from both parties. 

Trump got endorsement from billionaire Elon Musk, who owns Tesla, SpaceX, and X, (formerly Twitter.)

Meanwhile, billionaires Microsoft founder Bill Gates and entrepreneur Mark Cuban are supporting Harris.

Cuban has been a strong critic of Trump over the decades now, and he recently attacked the Republican presidential candidate over 'The View' show and made a controversial statement, “Donald Trump, you never see him around strong, intelligent women. Ever. It’s just that simple."

MORE STORIES

Gavin Newsom’s ICE comments on 'The Late Show with Stephen Colbert' faced backlash as Stephen Miller tied them to a deadly Dallas facility shooting
10 hours ago
Donald Trump said UN officials 'ought to be ashamed,' adding he will send a letter to the Secretary General demanding an immediate investigation
14 hours ago
JD Vance said that Democrats like Gavin Newsom and the left-wing media fuel violence by spreading lies about law enforcement
15 hours ago
The display shows black-and-white presidential portraits in gold frames, but Joe Biden is replaced with an autopen signing his signature
16 hours ago
The FBI confirmed the Dallas ICE shooting is a targeted assault after Joshua Jahn allegedly killed two detainees before turning the gun on himself
17 hours ago
Local residents say they never want to see Lance Twiggs again, even as his dusty car and abandoned Amazon packages sit as reminders of the couple
1 day ago
Brilyn Hollyhand recalled Charlie Kirk’s lasting advice, later echoed by Donald Trump at Kirk’s memorial, saying it drives his fight today
2 days ago
Charlie Kirk predicted a Trump-Elon Musk reunion, and at Kirk’s memorial, the two leaders met, hinting at reconciliation after past disputes
3 days ago
The five bills Gavin Newsom signed made California the first state to bar federal officers, including ICE, from hiding their identities
4 days ago
The controversial post from Gavin Newsom’s office sparked bipartisan backlash and forced federal agents to step in
4 days ago