Ex-White House communications director Anthony Scaramucci and former presidential candidate Andrew Yang were guests at the Fortune Future of Finance conference on Thursday. The subject of the 2024 election came up. When asked about the impact that a return of former President Donald Trump would have on the business landscape if he were reelected, Scaramucci was blunt: “terrible.”
“He would be terrible for the economy and terrible for business,” said the founder and managing partner of SkyBridge Capital. The economy has been predictable, and favorable for businesses, because of constitutional separation of powers, Scaramucci explained. Trump wants to obliterate those separations and embrace people and functions that would allow him to have total control. So-called “unitary executive power” would give the president totalitarian powers over the executive branch of government with exclusive rights to shape and enforce laws. It would make Trump “uber powerful,” said Scaramucci, and throughout history, he said, that has been catastrophic for the economy wherever it has happened.
