A well-known IT entrepreneur has announced that he is supporting President Donald Trump and leaving the Democratic Party.
David Marcus was president of PayPal for a number of years, and he was a co-founder of Facebook’s now-defunct cryptocurrency project Diem. He is currently the CEO of Lightspark, a fledgling cryptocurrency company.
Marcus disclosed in an essay on X Wednesday that he is “crossing the Rubicon” and joining the ever-expanding group of wealthy businesspeople who are yearning for a return of competence, stability, and strength to the White House, risking the inevitable backlash and vilification from the media and former allies alike.
Marcus claimed that the Democratic establishment’s “eye-opening process of disenchantment, zero-basing lifelong beliefs, and rebuilding,” as well as its censorious reflex, dishonesty, ruinous “DEI agenda,” indifference to illegal immigration, and failed foreign policy, accelerated his journey toward the party of Lincoln.
“Many people, including a previous incarnation of myself, become imprisoned in a mental framework that shapes who they are and keeps them from drastically changing the way they think in response to new knowledge and facts. At last, I managed to escape it,” wrote Marcus.
“Democrats were all about serving the people,” Marcus freely acknowledged, a belief he had held for a long time.
His conviction led him to support the DNC’s efforts to create a “CRM and software platform to prevent a repeat of Hillary Clinton’s poor, outmoded 2016 campaign” and to pressure Silicon Valley executives to give money after the 2016 presidential election.
Marcus later said, however, that he “was astonished to realize that, for the most part, Democrats cared more about government power and control, while Republicans cared more genuinely about their constituents.”
Additionally, Marcus gained a thorough understanding of “why Republicans prioritize freedom of expression and opposing censorship,” a topic he has infrequently spoken about in recent years.
During the pandemic, Marcus observed the deliberate concealment of the virus’s suspected lab origin, as well as the muffled opposition to vaccination and lockdown. When he discovered that this curating of private-public narratives extended beyond purported public health issues, his sense of alienation increased.
According to Marcus, “the coordinated demonization of President Trump and his supporters, the Hunter Biden laptop story, and President Biden’s cognitive decline—depriving voters of a voice in a proper primary—solidified this trend of spinning and manufacturing a parallel reality to serve the Dem agenda.”
In addition to criticizing Democrats’ sloppy handling of the facts, Marcus said the Democrats’ creation of an “anti-innovation regulatory atmosphere, particularly on crypto and soon AI,” and the disastrous foreign policy of the Biden-Harris administration inspired him across party lines.
Marcus attacked the Democratic administration’s foreign policy for its willingness to escalate tensions with Russia “through an aggressive NATO expansion narrative focused on Ukraine and prolonging an unwinnable war,” as well as for its purported prolongation of the Israel-Hamas conflict, its depletion of the U.S. military arsenal, its fatal withdrawal from Afghanistan, its support for Iran, and its depletion of the U.S. military arsenal.
Marcus predicted that Trump would steer the ship in a new and much-needed direction.
“I think we need a President who is adamantly pro-America, pro-business, pro-Bitcoin/crypto, pro-innovation, pro-Israel, pro-small government, pro-legal immigration, pro-free speech, meritocracy, and common sense—and anti-proliferation of regulations, pro-illegal immigration, pro-unjust wars, pro-Iranian regime, and radical domestic groups.” These issues form the core of President Trump’s program.
The tech entrepreneur claims that Trump is a far better option than “having unelected individuals with this much power and no accountability run our government, coupled with four more years of bad policies at home and abroad.” Immediately after a botched assassination attempt, Trump “incarnated the American spirit in the most vivid way.”
Elon Musk, the owner of Tesla and X, stated, “I wholeheartedly back President Trump and wish for his fast recovery,” less than an hour after the former president escaped an attempted assassination at a campaign event in Butler, Pennsylvania. Marcus’ endorsement follows shortly after.
Last month, two prominent figures in Silicon Valley’s venture capital industry, Marc Andreessen and Ben Horowitz, also disclosed that they were supporting Trump.
Even before the murder attempt, prominent figures in Silicon Valley and on Wall Street pledged their support for Trump, including Joe Lonsdale, the founder of Palantir, and Bill Ackman, the founder of Pershing Square Capital Management.
Some individuals may be concealing their intentions.
The Center for Political Accountability’s president and co-founder, Bruce Freed, recently stated to the Christian Science Monitor that “many are pretty cautious,” eager to “keep doors open” with members of both parties.
Marcus received praise from Lonsdale for his “intellectual boldness.”
Others said, “You will now find out if you have genuine friends or not,” among them General Mike Flynn, a Trump loyalist.
Author:Â Steven Sinclaire
