Tremendous

An angel investor's take on life and business

Sacks at the RNC

“We need strength and savviness in the White House Situation Room, even if the crisis hits after Biden’s bedtime.”

David Sacks

I didn’t expect to giggle during the RNC. But along with a strong argument against President Biden, David Sacks brought a great sense of humor.

Biden, the Spender in Chief

Sacks hits Biden hard, pointing out his record of wild spending.

A $1.9 trillion stimulus even as the country was already reopening. A trillion for infrastructure. And $400 billion for an “Inflation Reduction Act.”

Since when does pumping massive amounts of money into the economy reduce inflation?

It certainly hasn’t at my grocery store. Prices are through the roof there, along with everywhere else.

I’m lucky. I have more than most. So for me, inflation is just an annoyance.

But for many Americans, it’s existential.

Keeping Us Safe

Sacks also emphasized the need to bring the war in Ukraine to an end.

America has spent over $100 billion and counting on this war. Whatever the merits of Ukraine’s position, no war can go on forever.

What’s more, continuously escalating a conflict with Russia is incredibly dangerous. As Sacks puts it:

“…the world looks on in horror as Joe Biden’s demented policy takes us to the brink of World War III.”

Where I Disagree with Sacks

Sacks is right that Biden spends way too much money. But he lets the GOP off the hook too easily — they’re spendy spenders as well.

In fact, wasting taxpayer money seems to be the one thing both parties agree on.

Every dollar we add to the debt puts our country at greater risk. I haven’t seen a detailed plan from Trump on how he’ll reduce the national debt.

Wrap-Up

Overall, I thought Sacks did a great job at the RNC this week.

Too often, folks in our industry have shied away from politics. We can see the results in the cities where technologists cluster, places like SF and New York. They’re filled with disorder, drugs and crime.

We just don’t have the luxury of staying out of the fray anymore.

In 2020, I voted for Biden. I’ve come to regret it, big time.

This time, I don’t plan to vote for Biden or Trump. I’ll be writing someone in. I’m sick of picking between the lesser of two evils. And here in New Jersey, the outcome is a foregone conclusion anyhow.

That said, Sacks makes a powerful argument. And he does it with the flair we’ve come to expect on All-In.

What did Sacks get right? Where do you disagree?

More from the blog:

114 Days

The Coming M&A Wave

Nuclear War: A Scenario

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