By Carlo Versano
Anthony Scaramucci, the founder and co-managing partner at Skybridge Capital and infamous one-time White House communications director, told Cheddar on Thursday that he believes President Trump's biggest hurdle in re-election is a slowing economy.
Specifically, if GDP slows to less than 1 percent before the election.
"It's almost impossible to unseat a sitting president unless you have some kind of calamitous downturn," said Scaramucci. That said, "the economy is more fragile than I'd like to see it."
The Mooch also revealed the one Democratic contender he said he would be most worried about if he were the president: Kamala Harris.
The senator from California appears to be the candidate most able to galvanize a broad, Obama-like coalition, he said.
Trump is right to worry if the Fed begins raising interest rates again, which, according to Scaramucci, could combine with a slowing economy to throw the country into recession going into a campaign season. If that happens, "just imagine the president's Twitter feed."
As President Trump prepares to announce a summit meeting with President Xi of China, ostensibly to resolve trade and tariff issues that have harmed both of the world's top economies, Scaramucci said Trump wants to tie up all the loose ends on trade by June 30 ー an "artificial deadline" that would give the president time to campaign on the narrative that he saved the economy and punished China for its trade policies.
Scaramucci conceded that Trump's immigration rhetoric is a play to his base, which he said needs to feel excited about turning out to vote next year for the man they elected in 2016. While the conventional wisdom is that Trump's desire to make Obamacare an issue in the campaign is a boon for Democrats, Scaramucci said he thinks Trump is actually making a different, albeit unknown, calculation. "He's always been a counter-intuitive guy," Scaramucci said of his former boss.
Skybridge's annual SALT conference will take place next month in Las Vegas. This year's lineup includes a slot for John Kelly, Scaramucci's former boss at the White House who unceremoniously fired him after just 10 days. But that's all water under the bridge now. "I did something fire-able," Scaramucci said, adding that the need for bipartisanship in politics outweighs his affiliation as a Republican: "if we're going to fix the country, we need a two-party solution."
For full interview click here.