Jewish billionaires Ronald Lauder and Stephen Schwarzman are getting on the Donald Trump bandwagon, the dump Trump bandwagon that is. They are among the growing list of Republican mega-donors in America who will not be funding Donald Trump’s presidential run this time around.
Donald Trump announced his candidacy for the Republication nomination for president in 2024 earlier this week. Trump continues to claim that he actually won the 2020 elections and that they were somehow stolen from him. But he also backed a great many candidates who also promoted the stolen election lie who lost their elections in the 2022 midterm elections held a week ago.
With President Joe Biden having such a low approval rating and a high rate of inflation hurting the average American, the Republicans were expected to sweep the midterms in what their leaders said would be a red wave. But in the end the Democrats kept control of the Senate – and will likely even gain a seat – and while the Republicans did win control of the House of Representatives, they will only have a razor thin majority of just a few seats.
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at firstname.lastname@example.org.
Now Republicans are blaming Donald Trump for their failures in the midterms, with many saying his continued pushing of the stolen elections lie hurt the party. And even Rupert Murdoch’s media empire has turned on Trump. His New York Post – which regularly slams the Biden administration – practically ignored Trump’s campaign announcement.
Stephen Schwarzman is the CEO of the private equity firm Blackstone and was a close friend and supporter of Donald Trump in the past. But after Trump announced his second bid for the White House, Schwarzman stated that he thinks it is time, “for the Republican party to turn to a new generation of leaders.”
The businessman said that the Republican Party should be looking forward and not backward. “America does better when its leaders are rooted in today and tomorrow, not today and yesterday,” Stephen Schwarzman said. While not hinting at who he would back for the 2024 presidential nomination, he did say that it would be one of the party’s “new generation of leaders.”
Another Jewish Republican, Andy Sabin, who donated $120,000 to Donald Trump’s 3030 reelection campaign was much more hostile and critical in his explanation of why Sabin will not be supporting Trump in 2024.
“I wouldn’t give him a f—ing nickel,” Sabin told the New York Post Wednesday, the day after Donald Trump announced his campaign. “What I’m telling you is what most people I know think but are afraid to say … I don’t really give a s—. Trump does nothing to help my life. My businesses couldn’t be better without Trump.”
“He’s not a good person,” Sabin said of Donald Trump. “He could be helpful but it’s all about him,” Sabin said of Trump. “It’s time for the party to move on, to the [Virginia Gov. Glenn] Youngkins and [Senator] Tim Scott, let them transform the party into what it should be.”
And a spokesman for Billionaire cosmetics heir Ronald Lauder told the New York Post that he “has no plans to support Trump,” this time around.