Home Depot Co-Founder Just Made A BOLD Statement About Trump That Has People Going NUTS
Home Depot co-founder Ken Langone qualifies as one of those venerable old-school, bootstrap entrepreneurs who understands the value of hard work, private investment, and taking calculated risks to succeed in the competitive marketplace.
So, it came as no shocker that Langone is looking favorably upon President Donald Trump as a kindred spirit in business.
“[T]his guy has got guts,” Langone said Monday on CNBC's “Squawk Box.” “And he’s got great people around him.”
Although Langone, the son of Italian immigrants, came from modest beginnings, he went on to create a home improvement retail empire with 385,000 employees and 2,200 stores across America and outside the U.S.
As a senior businessman and self-described member of the "1 percent," Langone feels that the economic practices and the consumption habits of the older population are "stealing" from America's youth.
"We are taking money out of the pockets of these people who deserve a better future," Langone said recently on Bloomberg's "Market Makers."
"We are in trouble as a society" as a result of spendthrift monetary policies. The drunk will have to go through the DT's, or the drunk is not going to stop being a drunk," he said. "Everybody's ox has got to be gored, or we are not going to fix the problem. We've all got to play by the same rules."
At least in high-stakes politics, the elites that control America's government do not play by the same rules. Corrupt Wall Street financiers can fleece the 99 percent out of billions, yet hardly any of them gets prosecuted or goes to jail.
Langone said he believes Trump has the makings of a great leader and that he "could go down [in history] as one of our best presidents."
Only time -- and honest historians -- will be the judge of that.
For now, at least, Langone appears to be a good judge of Trump's character.
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