Author:David Sacks
Compiled by: TechFlow
This article is a tweet posted by David Sacks in June of this year.
Interestingly, Musk also expressed his support in the tweet comments.
Everything is traceable, and the full text is as follows.
As many media have reported, tonight I will be hosting a fundraiser for President Donald J. Trump at my home in San Francisco.
Over the past few years, I have hosted events for presidential candidates Ron DeSantis, Vivek Ramaswamy and Robert F. Kennedy Jr., as well as some members of Congress from both parties. I have funded many, but rarely given formal endorsements.
However, today I have decided to support the re-election bid of our 45th President, Donald J. Trump, for the 47th Presidency. My reasons are based on four issues that are critical to the prosperity, security and stability of America - issues on which the Biden administration has seriously veered off course, and which I believe President Trump can lead us back on track.
1. Economy
When President Biden took office, the US economy was already in a strong recovery from the shock of the COVID-19 pandemic in the second quarter of 2020. Demand had rebounded, and the job market was recovering. But he chose to continue driving the economy with additional pandemic stimulus measures - including a nearly $2 trillion plan passed in March 2021, followed by trillions more for "infrastructure", green energy and "inflation reduction".
Despite early warnings from former Clinton Treasury Secretary Larry Summers that this could lead to inflation, the Biden administration pushed ahead with these policies. When inflation emerged, the Biden administration dismissed it as "transitory". Yet even after one of the fastest interest rate hike cycles in recent years, inflation remains stubbornly high.
Due to inflation under Biden, the average American has lost about a fifth of their purchasing power over the past few years. Additionally, any American needing a mortgage, auto loan or credit card borrowing faces higher interest costs, further eroding their purchasing power.
Our federal government faces the same problem, now having to pay over $1 trillion per year in interest to service its $34 trillion in debt, a figure that grows by $1 trillion every 100 days. This trend is unsustainable, yet Biden's 2025 budget plans further increases in spending.
Economic growth has declined from 3.4% in the final quarter of 2023 to 1.3% in the first quarter of this year. We cannot afford four more years of "Bidenomics".
2. Foreign Policy / Ukraine War
When President Trump left office, ISIS had been defeated, the Abraham Accords signed, and no new wars had broken out globally. Three and a half years later, the world is in turmoil. Some of President Biden's strategic choices have contributed to this situation.
In his first year, Biden unnecessarily alienated Saudi Arabia, only later realizing they are an indispensable partner in the Middle East. He also presided over a chaotic Afghanistan withdrawal (the right policy direction, but poorly executed).
However, his missteps on Ukraine have been the most serious. His administration immediately pushed for Ukraine to join NATO, despite a lack of consensus among existing NATO members. Predictably, this enraged Russia, and the Biden administration steadfastly insisted at every critical juncture that "NATO's door remains open to Ukraine and will remain open". Biden himself further inflamed Russia by refusing to accept any "red lines".
After the invasion, there were still opportunities early in the war to halt the conflict and minimize loss of life and property. Russian and Ukrainian negotiators signed a draft agreement in Istanbul that would have had Russia withdraw to pre-invasion borders in exchange for Ukraine's neutrality. But the Biden administration rejected this agreement and also did not heed General Milley's November 2022 proposal to seek a diplomatic solution.
As the war has dragged on, Ukrainians have faced mounting casualties and infrastructure destruction. Yet President Biden has continued to allow the conflict to escalate, risking a third world war. Every escalation Biden initially resisted - including Abrams tanks, F-16s, ATACMs, and allowing Ukraine to strike Russian targets - he has ultimately capitulated to. The last step remains direct NATO ground forces engaging Russia. And our European allies, like Emmanuel Macron, are already anticipating this eventuality.
Under Biden's leadership, our choices are limited to continuing the proxy war until the last Ukrainian, or directly fighting Russia ourselves. President Trump has stated that he wants to end the bloodshed in Ukraine and will achieve this through negotiation. While Ukraine can no longer obtain the agreement we urged them to accept in April 2022, we can still work to preserve Ukraine as an independent state and avoid a world war.
3. Borders
As an immigrant, I firmly believe in America's history of strengthening the nation by welcoming talented people from other countries. But realizing this promise requires an orderly, skills-based and citizenship-focused legal immigration process - the kind of policies pursued under President Trump.
Upon taking office, Biden implemented an effectively open borders policy. On his first day, he revoked President Trump's executive orders restricting illegal immigration and halted border wall construction, even selling off parts of the wall as scrap metal. This quickly led to a surge in illegal crossings, plunging the southern border into chaos and danger.
President Biden (and the incompetent Kamala Harris and malicious DHS Secretary Alejandro Mayorkas) have responded to the worsening crisis with gaslighting, claiming the border is under control despite constant video footage of large groups crossing illegally.
When the situation became impossible to ignore or deny, Biden claimed he lacked the executive authority to address the problem, and blamed Republicans for not submitting relevant legislation. However, this week, faced with dismal polls on this issue, Biden suddenly discovered he does have executive power. The order he signed is a feeble and belated attempt to slow the tide of illegal immigration before the election. But Biden has shown he is not serious about this problem. If he wins re-election, the open borders policy will resume, and tens of millions of illegal immigrants will continue to pour in.
4. Legal Battles
One of the foundations of America's 250 years of political stability has been our rejection of the practice of imprisoning political opponents to win elections. Yet since taking office, Biden has pushed for selective and unprecedented prosecutions of his past and potential future opponents.
Merrick Garland carefully scrutinized the January 6th events, and even with a one-sided congressional committee providing his Justice Department with highly biased recommendations, he found no path to prosecute Trump. Subsequent reports indicated Biden was disappointed with Garland's hesitation. Eventually, federal-level Jack Smith and state-level Alvin Bragg and Fani Willis intervened. They have all brought suits based on unprecedented new legal theories, directly targeting Trump. In the New York case, Bragg repackaged a dormant bookkeeping misdemeanor into 34 felonies, claiming it served an unspecified second crime that the judge did not require the jury to unanimously agree on.
I immigrated to the United States as a child because my parents were dissatisfied with the political system of our homeland. That government resolved political differences by imprisoning political opponents. Ironically, the legal proceedings we fled from are now manifesting in the United States.
President Biden has repeatedly claimed that Trump's return to the White House would threaten democracy. However, it is his own administration that has collaborated with tech platforms to censor the internet, used intelligence agencies to cover up the laptop incident involving his son Hunter, and selectively prosecuted political opponents.
Conclusion: A/B Testing
Voters have experienced four years of President Trump and four years of President Biden. In the tech industry, this is known as A/B testing. In terms of economic policy, foreign policy, border policy, and legal fairness, Trump has performed better. He is a president worthy of a second term.
