Scaramucci Blames Decades of Bipartisan Failures for Trump's Rise
Anthony Scaramucci, founder of SkyBridge Capital and former White House communications director, recently published his book 'All the Wrong Moves', in which he argues that decades of bipartisan policy failures led to the rise of Donald Trump. According to Scaramucci, Washington failed to protect American workers from China's rise, which contributed to widespread economic frustration. He also blames the War on Terror for destroying fiscal restraint and claims that the response to the 2008 financial crisis fueled anger on both the left and right.
Scaramucci believes that Trump understood the economic concerns of frustrated voters and used this knowledge to his advantage. However, he thinks that anger-based populism is not a solution to these problems. Instead, Scaramucci advocates for restoring a sense of economic opportunity in America by addressing issues such as trade, fiscal policy, and education.
In the interview, Scaramucci also discusses the role of the Clinton administration's decision to allow China into the WTO, George W. Bush's Global War on Terror, and Barack Obama's response to the 2008 financial crisis in contributing to the rise of populism. He also touches on the future of Bitcoin, stating that it is a 'wild card' and its value could fluctuate greatly.