“We don’t have a president, we have a king”: Joseph Sitt

Thor Equities head claims Trump can pull off infrastructure boost

TRD MIAMI /
Nov.November 30, 2016 10:30 AM

Thor Equities’ Joseph Sitt predicts Donald Trump will be able to pull off a major infrastructure spending plan because — unlike President Obama — he has Congress on his side. “We don’t have a president, we have a king,” Sitt told Bloomberg.

“He won’t have the bottlenecks along the way” because he will have the Senate and House of Representatives on his side for at least two years, Sitt argued. “And so he’s got a window of opportunity to really make things happen.”

Sitt claimed that not spending more on infrastructure seven years ago as a post-recession economic stimulus was a lost opportunity and that many developing countries now have more advanced transportation systems than the U.S.

Still, he dismissed the suggestion that now is the wrong time to spend big. “Don’t tell him slow down. Tell him go for it,” he said. [Bloomberg]Konrad Putzier


Related Articles

arrow_forward_ios
Donald Trump at Trump National Doral (Credit: Getty Images)

Former members of Trump Doral may have to wait decades to get their deposits back

President Donald Trump (Credit: Getty Images, Mar-A-Lago Club)

Trump properties in Palm Beach County could get $1.5M tax bill

Dmitry Rybolovlev, Donald Trump, and 5252 North Country Road (Credit: Getty Images)

Russian oligarch sells last piece of former Trump estate in Palm Beach for $37M

President Trump and Mar-a-Lago (Credit: Getty Images)

Revenue fell at Trump’s Palm Beach properties in 2018

Donald Trump and Trump Doral (Credit: Getty Images)

Trump Doral’s financial results falter due to Trump name: report

This is how Miami-Dade plans to protect itself from climate change

Jorge Pérez on building golf courses in Cuba with Trump, stepping down as president and more

Report: Trump demanded $20M in 2006 to put his name on a Moscow tower

arrow_forward_ios