Author: David Sacks
Compiled by: TechFlow
On December 6, Trump announced the appointment of well-known Silicon Valley investor David Sacks as the White House's Director of Artificial Intelligence and Cryptocurrency.
This article is a tweet posted by David Sacks on the X platform in June this year.
Interestingly, in the comments section of the tweet, Musk also expressed his support.
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 help us get back on track.
1. Economy
When President Biden took office, the U.S. 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 pushing the economy with additional pandemic stimulus - 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 pressed ahead with these policies. When inflation materialized, the Biden administration dismissed it as "transitory." Yet even after the fastest interest rate hike cycle in decades, 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 buying 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 growing 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 conflict to halt the fighting 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 failed to heed General Milley's November 2022 advice to pursue 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 igniting World War III. 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 is direct NATO ground forces engaging Russia, which our European allies like Emmanuel Macron are already anticipating.
Under Biden's leadership, our choices are limited to continuing the proxy war until the last Ukrainian, or engaging Russia directly in combat. President Trump has stated 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 America-first 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 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 by misleading the public, claiming the border is under control, even as constant footage emerges of massive numbers crossing.
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 sending him 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 re-elected, the open borders policy will resume, and tens of millions of illegal immigrants will continue to pour in.
4. Legal Warfare
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 the highly biased recommendations of the one-sided Congressional committee, he found no path to prosecute Trump. Subsequent reports indicated Biden was disappointed in 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 has repackaged a dormant bookkeeping misdemeanor into 34 felonies, claiming it serves an unspecified second crime that the judge did not require the jury to unanimously agree on.
I immigrated to America as a child because my parents were dissatisfied with the political system of their home country, where the government resolved political differences by imprisoning opponents. Ironically, the legal persecution we fled is now manifesting in America.
President Biden has repeatedly claimed that the return of Trump 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 sector, 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.
