![]() Meanwhile, Investing in US getting involved in marquee matchups across the country. But we want to have something that is somewhat more of a program-positive vision – something like that to be credible." "It might be enough to win in the midterms in '22. "My intuition is that the sort of nihilistic negation is probably not enough," he said. "It doesn't mean whether I agree with somebody or not, but I'll meet with anybody in the process."Įven Thiel has suggested that Republicans may need to tone down their rhetoric in the long run.ĭuring his Miami speech, Thiel said that the GOP does not seem to have the electoral momentum of the "Republican Revolution" led by Newt Gingrinch in 1994 or of the Tea Party movement in 2010.Īnd Thiel warned against simply railing against what he called "woke insanities." How can you have any dialogue on how to make a change?" McCarthy said. "Conservatives will take control led by activists and entrepreneurs who are exhausted and offended by the radical left policies pushed by these publicly traded companies."īut not all Republicans are on board with that approach.Īsked by CNBC whether he supports the pledge, House Minority Leader Kevin McCarthy, R-Calif., said he's not closing any doors. "Woke CEOs turned their backs on conservative leaders after the last election," the letter said. Last week, the Conservative Political Action Coalition sent a letter to House Republicans calling on them to reject meetings with businesses that have spoken out on issues such as election laws, abortion, and transgender rights. Tom Cotton, R-Ark., dismissed the so-called ESG, or environmental, social and governance investment movement, as an attempt to "weaponize corporations to reshape society in a way that voters would never endorse at the ballot box." That message has struck a chord among conservatives.Īt a congressional hearing earlier this month, Sen. "But it's the super-structure that's really, really deranged." "All these big companies are kind of screwed up," he told the audience. "Their central mission is now anti-business," said Mehlhorn, referring to MAGA Republicans and criticism they have directed at companies such Coke, Disney and Delta because of their social stances.Įarlier this month, while speaking at the National Conservatism conference in Miami, Thiel accused Google, Apple and Facebook of causing political dysfunction in the United States. MAGA, or Making America Great Again, has been Trump's rallying cry since he launched his run for the White House in 2015. The effort, dubbed Investing in US, consists of executives who are worried the MAGA movement could undermine future elections – and ultimately the rule of law that has allowed capitalism to thrive. Hoffman's political adviser Dmitri Mehlhorn said that Hoffman is building a coalition within the business community to take on so-called MAGA Republicans. Donations from the event will go toward the Democratic Grassroots Victory Fund, which funnels money to state parties. Tickets for that event, which featured an off-the-record conversation with former President Barack Obama, ranged from $36,500 to $250,000, according to a copy of the invitation obtained by CNBC. On Thursday, Hoffman hosted a fundraiser in San Francisco with Twilio Chief Executive Jeff Lawson and venture capitalist Ron Conway, an early investor in Google and Paypal.
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