Weekly News

Trump isn't pro-business, he's pro-'white nationalism': VC.com

August 22,2017 06:23

Elevation Partners Co-Founder Roger McNamee says you can't paint Trump as pro-business, but you can paint him as pro-"essentially white nationalist."and more »



Politics
Elections
White House
Congress
Law
Taxes

show chapters

Donald Trump's behavior indicates a president more in favor of "white nationalism" than business growth, the co-founder of a venture capital firm said Monday.
Asked if Trump and the Republican Party can call themselves "pro-business" while criticizing large companies such as Amazon, Elevation Partners Co-Founder Roger McNamee said Trump's record on business in office shows no such evidence.
"He has been really disruptive to our trading relationships in Mexico, our trading relationships in Canada," McNamee said on CNBC's "Squawk Box." "He's also made lots of bad noise about trading relationships in China."
"He has pretended like he's contributed a lot to job growth when, in fact, he has not," McNamee said. "I think he threatens a lot of people. I don't see how any of that is pro-business at all."
While many experts have criticized Trump's protectionist goals, McNamee went so far as to question "how this guy paints himself as pro- anything other than, you know, essentially white nationalism."

Mark Neuling | CNBC
Roger McNamee

McNamee did not define "white nationalism" in the interview, nor did he elucidate his claim with specific examples.
Trump's widely criticized series of responses to the violent protests in Charlottesville, Virginia, triggered a mass exodus of business leaders scrambling to distance themselves from the president.
At the Tuesday news conference, Trump said the weekend protests, organized by white supremacists and attended by KKK members and neo-Nazis, included "very fine people on both sides."
Explicitly responding to Trump's statements about Charlottesville, the 17 CEOs of the Strategic and Policy Forum agreed to disband the group on Wednesday. Shortly after, Trump tweeted that he was ending both of his administration's councils of CEOs.

Trump tweet

McNamee went further still in his criticism of Trump. "To me, businesses need stability, they need the rule of law. And as long as we have a president of the United States who flouts the rule of law, I think that's a tremendous threat to financial assets of all kinds," McNamee said, again without citing specifics.
"I think he talks that game, and that's bad."

To view this site, you need to have JavaScript enabled in your browser, and either the Flash Plugin or an HTML5-Video enabled browser. Download the latest Flash player and try again.

Politics,Canada,Mexico,China,Squawk Box U.S.,Washington DC,Virginia,Politics,White House,Donald Trump,Economy,business news

Share this article

Related videos

A timeline of the 3 Trump-Russia scandals
A timeline of the 3 Trump-Russia scandals
X-PASTOR SAYS HE LEFT THE CHURCH BECAUSE HE CAN NO LONGER TEACH A LIE TO BLACK PEOPLE!
X-PASTOR SAYS HE LEFT THE CHURCH BECAUSE HE CAN...

DON'T MISS THIS STORIES