The Fort Worth Press - US business leaders start to rally around Republican candidate Nikki Haley

USD -
AED 3.672504
AFN 64.000368
ALL 81.109773
AMD 359.873322
ANG 1.789785
AOA 918.000367
ARS 1528.316696
AUD 1.422678
AWG 1.8025
AZN 1.70397
BAM 1.74477
BBD 2.011597
BDT 123.993042
BGN 1.747831
BHD 0.377091
BIF 2997.279094
BMD 1
BND 1.275971
BOB 12.110264
BRL 5.440104
BSD 0.998796
BTN 94.782997
BWP 13.79901
BYN 2.942058
BYR 19600
BZD 2.008653
CAD 1.39745
CDF 2315.000362
CHF 0.823841
CLF 0.025228
CLP 992.920396
CNY 6.661104
CNH 6.651304
COP 3164.280298
CRC 454.168339
CUC 1
CUP 23.969847
CVE 98.367456
CZK 21.81604
DJF 177.849146
DKK 6.697404
DOP 60.537937
DZD 135.196931
EGP 55.738436
ERN 15
ETB 161.241358
EUR 0.892404
FJD 2.243704
FKP 0.746437
GBP 0.746436
GEL 2.603861
GGP 0.746437
GHS 11.635666
GIP 0.746437
GMD 74.000355
GNF 8839.823364
GTQ 7.635488
GYD 209.349213
HKD 7.84585
HNL 26.845087
HRK 6.76901
HTG 130.853294
HUF 327.940388
IDR 18127.15
ILS 3.14456
IMP 0.746437
INR 94.912504
IQD 1514.072885
IRR 1868415.000352
ISK 121.830386
JEP 0.746437
JMD 158.713591
JOD 0.70904
JPY 157.562504
KES 129.791695
KGS 87.448704
KHR 4075.114858
KMF 441.00035
KPW 899.999961
KRW 1333.420383
KWD 0.31117
KYD 0.83233
KZT 452.856952
LAK 22487.176056
LBP 89438.155136
LKR 332.209287
LRD 169.784558
LSL 16.644543
LTL 2.95274
LVL 0.60489
LYD 6.420447
MAD 9.82042
MDL 17.877693
MGA 4517.596681
MKD 54.931085
MMK 2099.994593
MNT 3599.692564
MOP 8.070654
MRU 40.499576
MUR 47.280378
MVR 15.450378
MWK 1731.477764
MXN 18.78615
MYR 4.058204
MZN 63.910377
NAD 16.644543
NGN 1346.470377
NIO 36.754539
NOK 9.208504
NPR 151.652616
NZD 1.772422
OMR 0.382702
PAB 0.998885
PEN 3.456889
PGK 4.545252
PHP 63.764504
PKR 276.304474
PLN 3.94725
PYG 5851.286855
QAR 3.64084
RON 4.782204
RSD 104.839645
RUB 80.300995
RWF 1474.374415
SAR 3.7544
SBD 8.058206
SCR 14.652482
SDG 601.503676
SEK 9.826204
SGD 1.278804
SHP 0.748335
SLE 22.903667
SLL 20969.504398
SOS 570.765868
SRD 37.619504
STD 20697.981008
STN 21.856461
SVC 8.739016
SYP 13001.999685
SZL 16.639458
THB 33.723038
TJS 9.193541
TMT 3.5
TND 2.986752
TOP 2.40776
TRY 49.933804
TTD 6.771935
TWD 32.621404
TZS 2646.683617
UAH 45.299969
UGX 4244.613944
UYU 40.153441
UZS 11979.124849
VES 887.479804
VND 25803.5
VUV 119.284453
WST 2.776099
XAF 585.378718
XAG 0.020359
XAU 0.000258029557
XCD 2.70255
XCG 1.799991
XDR 0.707052
XOF 585.378718
XPF 106.3919
YER 236.203589
ZAR 16.719695
ZMK 9001.203584
ZMW 20.14006
ZWL 321.999592
SSP 5745.299168
MXV 2.117302
  • RIO

    -0.3300

    97.04

    -0.34%

  • CMSC

    -0.0400

    20.67

    -0.19%

  • RELX

    0.0000

    33.41

    0%

  • RBGPF

    0.0000

    67.95

    0%

  • BCE

    -0.0700

    21.99

    -0.32%

  • BCC

    -0.0300

    75.66

    -0.04%

  • GSK

    0.8600

    51.08

    +1.68%

  • JRI

    -0.0300

    11.52

    -0.26%

  • NGG

    -0.1200

    76.68

    -0.16%

  • CMSD

    0.0900

    20.54

    +0.44%

  • BTI

    -0.0800

    55.75

    -0.14%

  • AZN

    2.0200

    168.1

    +1.2%

  • BP

    -1.4200

    43.16

    -3.29%

  • RYCEF

    0.4600

    19.7

    +2.34%

  • VOD

    0.0700

    17.02

    +0.41%

US business leaders start to rally around Republican candidate Nikki Haley
US business leaders start to rally around Republican candidate Nikki Haley / Photo: © GETTY IMAGES NORTH AMERICA/AFP

US business leaders start to rally around Republican candidate Nikki Haley

A growing number of US business leaders are rallying behind former South Carolina governor Nikki Haley as the Republican Party's presidential hopeful, seeing her as more stable than rival Donald Trump, and more favorable to business interests than incumbent Joe Biden.

Text size:

"Even if you're a very liberal Democrat, I urge you: help Nikki Haley too. Get a choice on the Republican side that might be better than Trump," said Jamie Dimon, who as head of JPMorgan Chase bank is often seen as one of the country's most powerful CEOs.

For the last month or so, a growing list of entrepreneurs and business leaders have been lining up behind Trump's former UN ambassador, stumping for her, swelling her campaign coffers or considering doing so as her standing in polls strengthens.

Among them are Charles Koch, one of the biggest donors in US politics, and billionaire investor Stanley Druckenmiller.

In early December, during a fundraiser in a luxury apartment on the Upper West Side of New York, Haley raked in more than $500,000 in pledges from members of the city's business elite.

"I think a lot of donors, including business people, were initially sitting on the sidelines, waiting to see how it would shake out, who could be left standing" after months of campaigning, said David Primo, a political science professor at Rochester University.

As of late October, Haley was polling at less than 10 percent for the Iowa caucuses, the first vote on the US political calendar, on January 15. Now she stands at nearly 18 percent, almost on par with Florida Governor Ron DeSantis, who has around 19 percent.

Haley was "impressive in the debates," said Primo, adding that "business leaders are concerned about the potential instability of another Trump presidency."

"It seems that she will adhere to the guardrails much more than others," said Daniel Kinderman, a professor at the University of Delaware.

"That is something that business leaders, I think, by and large, do appreciate. They do not like it when things get too crazy," he said.

- 'Fiscal discipline' -

Haley advocates tax cuts, a gradual return to balanced budgets, and raising the minimum retirement age.

"She is committed to fiscal discipline, and fiscal consolidation, and she's concerned about the national debt," said Michael Strain of the American Enterprise Institute. "That's a traditional Republican policy view."

"She has experience as a governor of a state and was viewed as, generally speaking, friendly to business," said Primo.

"She knows how to interact with business leaders," he added.

Trump also wants to cut taxes, particularly corporate tax, but talks very little about deficits and debt. His pledge to extend and raise customs tariffs is of considerable concern in economic circles.

Haley is "not an isolationist, a nativist, or a narrow free-trader," even if she does favor a firmer hand against China, said Jeffrey Sonnenfeld, who teaches business management at Yale and regularly surveys economic leaders.

The 51-year-old is even starting to win over some Democrats, such as investor Reid Hoffman, co-founder of LinkedIn.

"Nikki Haley is a competent politician," he recently told Barron's magazine, adding that she is "an American institutionalist in terms of our democracy and the rule of law."

During the Republican primary debate on Wednesday, one of her rivals, Vivek Ramaswamy, accused Haley of being "corrupt" because of her ties to the business world and in particular her support by Hoffman, whom he referred to as "George Soros Junior."

Others also wonder how her big-business-friendly image might go over with Republican voters.

"Aren't you too tight with the banks and the billionaires to win over the GOP's working-class base, which mostly wants to break the system, not elect someone beholden to it?" moderator Megyn Kelly asked her during the recent debate.

"When it comes to these corporate people that want to suddenly support us, we'll take it," Haley responded. "But I don't ask them what their policies are, they ask me what my policies are."

Beyond Haley's political differences with Trump, "there's concern about President Trump's electability," said Michael Strain.

A recent poll from the Harris Institute gave Haley a better chance against Biden than Trump, who is facing multiple trials in four venues on a host of charges.

"The unusual thing here is to have a candidate 50 points ahead in polls for the primary nomination who is not the strongest candidate in the general election," said Strain.

C.Rojas--TFWP