George Soros has made these comments before. He called Donald Trump a “con artist” and “dictator” in an op-ed for Project Syndicate a few weeks ago.
At the World Economic Forum in Davos, Switzerland, he echoed those same sentiments, adding that he thinks President Trump is going to fail – also that he wants him to fail – emphasizing that he would be a dictator, except that the Constitution and the “bulwark” of Congress will stop him.
If he’s so confident that the Constitution would prevent politicians from overstepping their authority – if only that were true – then why was he so supportive of Hillary Clinton and Barack Obama? I think he sees Trump as someone whom he can’t easily buy, and that’s why he hates him.
When asked about why the stock market seems to have reacted well to Trump’s victory – also causing Soros himself to lose a lot of money – Soros attributed that to the fact that Trump wants to de-regulate and reduce taxes. That’s been Wall Street’s “dream,” and it’s “come true,” he responded, saying that in time, the unpredictability of Trump’s policies and decisions will lead an economic downturn. “Uncertainty is the enemy of longterm investment,” he said. Here’s part of what he said:
I have described him as an imposter, con-man, and would-be dictator. But he is only a would-be dictator, because I am confident that the Constitution and the institutions of the United States are strong enough — the division of power is in operation, and he would be dictator if he could get away with it. But he won’t be able to…
Obviously in foreign policy he has greater powers than in domestic policy, but I think Congress will be a bulwark protecting its rights, and when Trump oversteps the mark, they will fight back. And if they have a bipartisan coalition, that they will actually succeed in limiting him.