Why business leaders are bullish on Trump 47
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Subscribe to enjoy similar stories. Despite last week’s Arctic blast, a buoyancy filled the air as if spring had arrived after a four-year freeze. U.S.
businesses have emerged from a great depression. They are excited to invest and see better days ahead. At the World Economic Forum in Davos, Switzerland, last week, business leaders hailed a revival of animal spirits.
“There is a tremendous amount of optimism," said New York Stock Exchange President Lynn Martin. The pipeline of initial public offerings that froze under Joe Biden’s regulatory onslaught has thawed. Liquefied natural gas exporter Venture Global, whose projects were stuck in Mr.
Biden’s permit freeze, went public on Friday. “The Trump administration has made very clear they support growing LNG exports," CEO Mike Sabel said. More broadly, President Trump has made clear that he supports American businesses and economic growth, a stark contrast to the Biden administration.
“I’ve been here as many times before, and I’m really struck by the level of optimism about the U.S.," Katie Koch, CEO of asset manager TCW Group, said in a Davos interview. “It is around deregulation." Automaker Stellantis last week announced plans to reopen an Illinois plant it closed in February 2023 and increase investment at three other U.S. factories.
It will also revive its popular Jeep Cherokee SUV and Dodge Charger, which it scrapped while ramping up electric vehicles to meet government mandates. Hurrah! Automakers will be free to focus on making cars that consumers want rather than those progressives want them to buy. Small businesses are especially celebrating the prospect of deregulation.
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