Why Tech Giant David Sacks is Endorsing Donald Trump as 47th President

Thursday evening David Sacks and his wife held a fundraiser in San Francisco for 45th President Donald Trump. They raised $12 million dollars towards the election of Trump as the 47th President, as RNC member Harmeet Dhillon announced.

Sacks, an entrepreneur, author and investor in internet technology firms, was the COO and product leader of PayPal, and founder and CEO of Yammer. He is a general partner of Craft Ventures, a venture capital fund he co-founded in 2017.

He is also a co-host of the All In podcast with Chamath Palihapitiya, Jason Calacanis and David Friedberg.

Last week the Globe covered the latest All-In podcast, and Sacks’ support of Trump:

“Things are looking very positive for Trump right now,” Sacks said. “We’re hosting a fundraiser for him, and he said that he wants to come on the ‘All In’ pod at some point so we just need to schedule that.”

Ramaswamy, Phillips, and Kennedy were also each featured guests on the podcast.

They covered the horrific gain-of-function research that created the super virus, funded by the U.S., calling it “a bioweapon with the Chinese.”

“When it came out, the people who worked for us and we trust with our family’s safety,” Calacanis added, “they went on the offensive.” “These people were not elected by anybody. These people work for us, and they failed us. This is a crime against humanity of the greatest cause. People committed suicide, people died because they had depression. Our kids lost two years of school. This generation has lost their education.”

Calacanis called on the federal officials who sought to conceal their conduct amid the coronavirus outbreak from the Freedom of Information Act (FOIA) to be prosecuted.

“If you hid this stuff from a FOIA request, you need to go to jail. There needs to be accountability here,” Calacanis said.

The co-hosts continued to hammer the “deep state.” “It’s sounds conspiratorial but it’s not,” Sacks explained. “It’s just the permanent bureaucracy.”

His career is important because Sacks went into great detail in a statement about his support for Trump as President of which the Economy is a big part: “We can’t afford another four years of Bidenomics,” he said.

“My reasons rest on four main issues that I think are vital to American prosperity, security, and stability – issues where the Biden administration has veered badly off course and where I believe President Trump can lead us back,” Sacks said.

Elon Musk complimented Sacks on his statement over his support of Trump:

Sacks on The Economy –  inflation, ‘unnecessary Covid stimulus’

“President Biden took over an economy that was already recovering strongly from the Covid-induced shock of Q2 2020. Demand had roared back, and employment had recovered. But he chose to keep priming the pump with unnecessary Covid stimulus – almost $2 trillion of it, passed on a straight party-line vote in March of 2021, with trillions more to follow for “infrastructure,” green energy, and “inflation reduction.”

“Biden did this despite early warnings from former Clinton Treasury Secretary Larry Summers that it could lead to inflation. When the inflation came, the Biden administration dismissed it as “transitory.” In fact, inflation still remains persistently high even after the fastest interest-rate tightening cycle in memory. As a result of Biden’s inflation, average Americans have lost roughly a fifth of their purchasing power over the last few years. Moreover, any American who needs a mortgage, car loan, or credit card debt faces much higher interest costs, which further constrain their purchasing power.”

“It’s no different for our federal government, which now must devote over a trillion dollars annually to interest on its $34 trillion debt, a massive sum that’s been growing by a trillion dollars every hundred days. This trajectory is unsustainable, yet Biden’s 2025 budget calls for even higher spending. Growth has already slowed from 3.4 percent in the last quarter of 2023 to an anemic 1.3 percent in the first quarter of this year. We can’t afford another four years of Bidenomics.”

Sacks spells out what many voters are feeling. Blacks and Latinos are moving away from the Democratic Party in droves over the economic issues.

The Rasmussen poll reported this week that, in a two-way contest between Biden and Trump, 48% of Likely U.S. Voters would choose Trump and 43% would vote for Biden.

“David Sacks is one of the most innovative thinkers in America,” said Ric Grenell to the Globe. “He’s been at the forefront of new and better ideas for decades. His calculation that America needs Donald Trump right now is an argument that people should listen to.”

Indeed. The Globe will continue to go into detail on Sacks’ prodigious statement. In the meantime, the Trump campaign has raised a whopping $400 million since his conviction! “Too Big to Rig.”