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Bill Acman backs Donald Trump after campaign rally incident
(MENAFN) Billionaire hedge fund manager Bill Ackman made headlines when he announced his endorsement of former US President Donald Trump for the upcoming US presidential race, shortly after Trump survived an assassination attempt during a campaign rally. Ackman's endorsement, posted on the social media platform X, marked a significant shift in his stance compared to previous years.
"I will officially endorse Donald Trump," Ackman stated on X. He emphasized that his decision was made after careful consideration, based on empirical data and rational analysis. This endorsement came despite Ackman's previous calls in early 2021 for Trump to resign and apologize following the Capitol Hill insurrection.
Elon Musk, CEO of Tesla, also expressed support for Trump and wished him a speedy recovery after the shooting incident, in which Trump sustained an injury to his right ear. Trump later confirmed through his campaign that he was in good condition.
Ackman clarified his endorsement, mentioning a recent meeting with Trump but withholding specific details on his rationale for supporting the former president. Responding to X users, Ackman explained, "I just endorsed it. But you know me. I write long posts about important topics. I want people to understand my thinking so it makes more sense and helps others get to the right place."
Regarding the timing of his endorsement, Ackman acknowledged that he had come to this decision some time ago, evident from his previous posts supporting Trump and criticizing President Biden. He indicated that he felt the urgency to express his endorsement, given the current political climate.
Although Ackman's initial endorsement did not directly reference the shooting incident, he later acknowledged the gravity of the situation in a subsequent post: "We are in the midst of a perilous moment for our democracy."
Ackman, who commands a significant following of approximately 1.3 million on X, formerly known as Twitter, highlighted the complexities and considerations behind his decision to endorse Trump, underscoring its potential impact on the upcoming election and broader political discourse in the United States.
"I will officially endorse Donald Trump," Ackman stated on X. He emphasized that his decision was made after careful consideration, based on empirical data and rational analysis. This endorsement came despite Ackman's previous calls in early 2021 for Trump to resign and apologize following the Capitol Hill insurrection.
Elon Musk, CEO of Tesla, also expressed support for Trump and wished him a speedy recovery after the shooting incident, in which Trump sustained an injury to his right ear. Trump later confirmed through his campaign that he was in good condition.
Ackman clarified his endorsement, mentioning a recent meeting with Trump but withholding specific details on his rationale for supporting the former president. Responding to X users, Ackman explained, "I just endorsed it. But you know me. I write long posts about important topics. I want people to understand my thinking so it makes more sense and helps others get to the right place."
Regarding the timing of his endorsement, Ackman acknowledged that he had come to this decision some time ago, evident from his previous posts supporting Trump and criticizing President Biden. He indicated that he felt the urgency to express his endorsement, given the current political climate.
Although Ackman's initial endorsement did not directly reference the shooting incident, he later acknowledged the gravity of the situation in a subsequent post: "We are in the midst of a perilous moment for our democracy."
Ackman, who commands a significant following of approximately 1.3 million on X, formerly known as Twitter, highlighted the complexities and considerations behind his decision to endorse Trump, underscoring its potential impact on the upcoming election and broader political discourse in the United States.
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