Billionaire real-estate investor Sam Zell said President Donald Trump has an “extraordinary opportunity” to revive an economy that died under eight years of regulatory oppression under Barack Obama.
“I think we’ve had 8 years of kind of an anti-business administration with very little representation from the business community,” Zell told TheStreet.
Zell wasn’t fond of President Obama’s nearly $1 trillion stimulus plan back in 2009, The Street noted. “I think President Trump has a similar stimulus opportunity but without the debt because he can achieve that goal by deregulation,” the Equity Group Investments chairman added.
Zell made similar comments on CNBC this week in a media blitz to promote his new book “Am I Being Too Subtle?”
Zell called Obama’s $787 billion American Recovery and Reinvestment Act of 2009 a “half-a—-d stimulus bill.”
Trump has given Main Street and Wall Street “hope and optimism” on the economy, Zell told CNBC.