California Sen. Kamala Harris and South Bend Mayor Pete Buttigieg are the most formidable of the two dozen Democratic presidential candidates, according to Anthony Scaramucci.
Harris is a “very gifted person ... she has a very good track record to run on,” Scaramucci told Cheddar on Tuesday, noting the she has the ability to rebuild the coalition of voters that elected President Obama.
Better known as the Mooch, Scaramucci also praised Buttigieg’s calculated approach to politics and his sober responses to attacks from President Trump.
Buttigieg has “never once taken President Trump’s bait,” Scaramucci said. “The more successful way to counteract some of the president’s media onslaught and his deft skills at criticizing people is not necessarily go in the mud with him.”
He said that a presidential ticket with Harris and Buttigieg — or Buttigieg and Harris — was a winning strategy. “I’m not a democratic strategist but I would go in that direction,” he said.
Scaramucci is a prominent New York investment banker and the founder of Skybridge Capital. He also served a brief stint as White House Communications Director in 2017, which gave him what he called an “11-day PhD” on Washington culture. His tenure was cut extremely short after he gave an interview to The New Yorker in which he criticized other members of the administration with expletives and derogatory language.
Scaramucci added that Democrats do better in elections with younger nominees — a reality that does not bode well for former Vice President Joe Biden despite his strong polling numbers.
“If they go with Joe Biden … the president will be able to run against his 50 years of sedimentary record inside the Washington establishment,” he said.
Scaramucci also lauded Massachusetts Sen. Elizabeth Warren’s fundraising capabilities and impressive staffing in key states, but predicted that she would lose in a general election against Trump.
“She just has the wrong ideas and the wrong policy solutions for where the American people are right now,” he said.
Peter Zalzal, associate vice president for clean air strategies at the Environmental Defense Fund, a nonprofit environmental advocacy group, joined Cheddar to discuss the Biden Administration's unveiling of stricter fuel-efficiency standards for new automobiles. "The administration estimated that these rules will reduce about 2.5 billion tons of climate pollution by 2050, and using less fuel also means that we have to go to the gas pump less often. And so it means we save money, thousands of dollars in avoided fuel costs each year for consumers," he noted.
The relatively robust March jobs report showed that despite the low unemployment rate, Black, Hispanic, and women job seekers are still having difficulty finding work. William M. Rodgers III, the vice president and director of the Institute for Economic Equity at the Federal Reserve Bank of St. Louis noted that participation rates in the labor force ticked up for minorities, adding to other positive signs of growth. He also spoke to Cheddar News to discuss further the jobs figures, the state of the labor market, and rising inflation.
U.S. markets opened higher to kick off the second quarter, despite a miss on the March Jobs Report. The economy added $431,000 in the month, slightly lower than the $490,000 analysts had expected. The unemployment rate also ticked down to 3.6% from 3.8%. Kevin Simpson, Founder & Chief Investment Officer, Capital Wealth Planning joined Cheddar's Opening Bell to discuss.
President Biden is going after billionaires in his 2023 budget request to congress. The proposal would establish a 20% minimum tax rate on all households worth more than $100 million, as well as raise the corporate tax rate from 21% to 28%. Rhett Buttle, Small Business for America's Future Senior Advisor, Business Policy Expert & Biden Campaign Business Advisor, breaks down the proposal, what it aims to accomplish, and how small businesses might feel about it.
The Biden administration has announced the U.S. will accept up to 100,000 refugees fleeing the war in Ukraine and provide more than 1 billion dollars in new funding for the growing humanitarian crisis. The move comes as President Biden meets with his western counterparts in Europe to demonstrate a united front against Russia and show support for Ukraine. Altagracia Pierre-Outerbridge, Immigration Attorney for Outerbridge Law, explains how this is going to work.
The DOJ has endorsed an antitrust bill targeting tech giants like Apple, Amazon, Meta, and Google. The legislation would ban the companies from favoring their own products and services over their competitor's, making it more difficult them to dominate the marketplace. Greg Day, Assistant Professor of Legal Studies at the University of Georgia, breaks down the bill and its potential impact on anti-competition in the tech sector.
Catching you up with what you need to know on Apr 1, 2022, with Ukrainians hoping to flee the besieged city of Mariupol with a ceasefire is in place, President Biden orders the release of oil from U.S.reserves, LGBT activists suing Florida Governor Ron DeSantis over the "Don't Say Gay" Law, U.S. passports offering an "x" option for gender, and more.
America’s employers extended a streak of robust hiring in March, adding 431,000 jobs in a sign of the economy’s resilience in the face of a still-destructive pandemic and the highest inflation in 40 years.
