Ken Griffin shocks GOP by voting for Trump after calling him a loser

In a recent statement, Kenneth Griffin, the founder of the hedge fund Citadel and a significant contributor to the Republican Party, spoke positively about Donald Trump’s electoral victory. Griffin had previously criticized Trump, labeling him a 'three-time loser.' However, he expressed his approval and support for the president-elect, asserting that the election results signal a favorable outcome for America’s business landscape. He emphasized that with Republicans gaining control of the Oval Office, House of Representatives, and Senate, the regulatory hindrances attributed to the prior administration would be lifted. Griffin highlighted that American business leaders are optimistic about the future, regardless of their individual voting preferences. Additionally, Griffin addressed concerns surrounding Trump’s proposed economic policies, including tariffs, arguing that they would not significantly hinder growth or lead to inflation, dubbing the discussions around tariffs as 'small ball.' He insisted that the Federal Reserve's independence was crucial for the economy's stability and the dollar's integrity. The hedge fund leader further criticized the prior administration's fiscal strategies while expressing skepticism about the feasibility of significant budget cuts, particularly those that could be proposed by Elon Musk, who was suggested to oversee efforts in government efficiency. Despite his criticisms of cryptocurrencies, Griffin acknowledged the recent surge in Bitcoin's value but maintained doubts about its economic relevance. Griffin’s comments reflect a broader sentiment among business leaders, who are keen to move beyond the perceived regulatory overreach of previous governance. He pledged to support Trump’s administration in any way possible, emphasizing a desire to boost economic activity and restore confidence in American markets. Griffin's shift in stance illustrates the complexities of political affiliations among influential financial figures, showing how electoral outcomes can quickly reshape perspectives and commitments within the business community.