Former advisor to President Donald Trump, Steve Bannon, fired off on the “oligarchs” controlling the purse strings of the GOP this week. He argued that the establishment figures in the party are now “1,000 percent anti-Trump.”
On his “War Room” podcast, Bannon blasted billionaire mega-donors like the Koch brothers and hedge fund manager Ken Griffin. He called them unprincipled opportunists who are only interested in spending money where it can provide them the most personal benefit.
Bannon labeled these types of financial supporters as frontrunners who would turn on President Trump as soon as they saw an opportunity to profit elsewhere, even if they were to support him. He went on to argue that the solution is to tax the oligarchs and stop the Federal Reserve from printing money and destroying the financial wellbeing of American families.
His comments came as former U.S. ambassador to the United Nations Nikki Haley formally announced her candidacy for the 2024 GOP presidential nomination this week, becoming the first significant challenger to former President Donald Trump. The announcement came after weeks of speculation and media teases before Haley officially launched her campaign before a crowd of long-time supporters.
In her first campaign speech, Haley emphasized the need for a new generation of leadership, saying, “America is not past our prime, it’s just that our politicians are past theirs.” She also urged her fellow Republicans to look for candidates who can win presidential contests with overwhelming popularity among voters.
The list of potential candidates for the 2024 GOP presidential nomination remains long, including Florida Gov. Ron DeSantis (R), who has already garnered support from Blackstone CEO Stephen Schwarzman.
Emily Seidel, a senior adviser from the Koch brothers-aligned Americans for Prosperity Action, sent an internal memo after a gathering of GOP activists that read, “To write a new chapter for our country, we need to turn the page on the past. So the best thing for the country would be to have a president in 2025 who represents a new chapter.”
Despite the potential challengers, President Trump remains a significant force within the Republican Party. He declared his 2024 candidacy just after Election Day last November.
The battle for the GOP nomination is likely to be fierce, with candidates vying for the support of donors and voters alike. Haley’s announcement has set the stage for a compelling primary race, with the potential for a divided Republican Party to emerge.
As the 2024 GOP presidential nomination race heats up, the political landscape in America remains uncertain. The country is still working on managing the aftermath of the COVID-19 pandemic while the economy is slowly recovering from the pandemic-induced recession. Against this backdrop, the candidates vying for the nomination will have to work hard to convince voters that they have what it takes to lead America forward.