Ken Langone, co-founder of Home Depot, announced yesterday that he is “all in” for Donald Trump. (Video below) Langone is a prolific donor and fundraiser for Republicans and has known Trump for years. In an interview with CNBC he shutdown any speculation that he would support Hillary Clinton. Langone, the son of an Italian-American plumber from Roslyn Height, New York, views this election as a referendum on the political class and politics as usual. The American people, he says, “have had it.”
On CNBC’s “Closing Bell” Monday afternoon he brushed off the interviewers doubts about Trump declaring, “And you want to know something? I think he’ll do a hell of a good job. At least I’m hoping.” Langone had good things to say about his character and his business dealings, “I know him well. I’ve never had any adverse experiences with him. I know people who’ve done business with him, and they’ve had a good experience. You hear all these stories about his business practices. You can’t prove it by me.”
Election Is A “Sea Change” Americans Are “Fed Up”
I’d love to add to what Langone said, but he said it so well it’s better to just let him speak for himself. This is a guy who gets it. Here are some highlights:
“Let me tell you what, if this Congress doesn’t get it that the American people are fed up with the political class they deserve to go home too and they will. This is a sea change. The American people are saying, ‘We’ve had it. We’ve had enough of these professional politicians. We’ve had enough of all these people that make promises that tell us they’re going to do this and do that and things get worse, they don’t get better.'”
“Let me tell you the biggest need we have in this country. We’ve gotta get rid of some of these insane regulations that serve no good purpose at all and Trump will do that…How the hell can we worry about the next 8 years after what we’ve just come through the past 8 years.”
“Based on this past year I wouldn’t listen to the journalists, and the consultants and the advisers because they’ve all been wrong.”
Langone Says Trump Will “Romp” Over Hillary In Election
“I think this is healthy. I think the fact that we break out of this cabal between journalists and…you know you guys go the political world to being a broadcaster to back again. I think we’re at a point in time where the American people are saying, ‘Hey, forget you guys. We know what we want, we’re not happy.'”
“I think it’s going to be a romp,” he said. “No pun intended, but I believe that when the world looks closely at Hillary, they’re going to start asking or at least the Americans are going to start asking questions about what the hell’s going on here.”
The name calling #NeverTrumpers in the media will never get it. They’re happy with a candidate who tells them what they want to hear and then goes back to business as usual. Paul Ryan campaigns like Adam Smith but governs like Tip O’Neill. Guys like Langone – and Trump for that matter – who come out of the business world would rather dispense with all of the posturing and just tell people plainly what they can and can’t do.
In business, if you make a promise and don’t deliver it’s fraud. You’re held accountable. In politics they call it a pivot and it’s just another day at the office. This may be why Trump resonates with ordinary people and not political professionals. It’s also why we prefer the collective wisdom of the electorate to that of self-appointed mandarins in Washington D.C.