Despite his ties to the Republican Party, Anthony Scaramucci has been candid about President Trump’s re-election chances. The former White House director of communications, who was fired by Trump after just 10 days in the role, listed several reasons he believes Trump won’t win in 2020 in a new interview with Yahoo Finance at the World Economic Forum in Davos, Switzerland.
“I take great solace in the following thing,” said Scaramucci, founder of the investment firm SkyBridge Capital. “That 85% of these delegates are holding their nose and are embracing him and are telling each other he’s going to be re-elected. And so, that gives me great confidence that he’s not going to be re-elected because the consensus here is generally wrong.”
Although the stock market has performed fairly well under Trump’s presidency, particularly in recent months, Scaramucci said the key is to look closely at wage data.
“Good news for the bottom 10% — wages are up,” he said, “but the bad news for the middle class wages in America, they’re actually down over the last three years, and the income gap has actually widened in the last three years.”
Indeed, the Federal Reserve Bank of Atlanta reported in October that wages were growing for lower-skilled professions amid minimum wage hikes. But the middle class does appear to be falling behind upper-income households. A report out this month from Pew Research Center pointed out that the median middle-class income grew from $58,100 to $86,600 from 1970 to 2018 — a 49% increase that was less than the 64% spike that upper-income households saw during the same period.
‘He’s abnormal ... he bullies private citizens’
A Politico/Morning Consult poll from November showed that 56% of voters expect Trump to be re-elected in 2020. But Scaramucci said that Democrats might have a chance to beat him with either former New York City mayor Michael Bloomberg or former vice president Joe Biden as their nominee.
“Mike Bloomberg would have money,” Scaramucci said. “Mike Bloomberg knows how to handle a bully. Mike Bloomberg’s a great business leader. Mike Bloomberg has the technical skillset and the street smart skillset to beat him.”
He added: “Joe Biden is tough… He has stayed as the proverbial frontrunner… They like him in Pennsylvania. He could beat Trump in Pennsylvania.”
Scaramucci acknowledged Biden’s stutter, but said this could be a way for him to connect with average Americans and make him more relatable. In comparison, he described Trump as “unstable and so erratic.”
“He’s abnormal — he acts abnormal, he says abnormal things, he tweets abnormal things,” Scaramucci said. “He bullies private citizens. He has a bellicosity of rhetoric that’s shocking for an American president and so, what’s happened is the bell curve of normalcy has shifted and the delegates here have accepted some hypernormalisation.”
“It’s like if you have a crazy uncle,” he added. “He’s acting crazy. You’re at the dinner table and you’re trying to ignore some of the things he’s saying and hope that the spasm of crazy goes away. But it’s not going away and that’s the big issue.”
Trump’s current approval rating sits at 42%. It could be higher, Scaramucci said, but the problem is that there is so much disdain for him among Americans.
“Trump is a demagogue,” he said. “And demagoguery, if you really study it, it has a life expectancy of about four to five years. So we’re in the four-and-a-half year period of this demagoguery and when Joe McCarthy’s demagoguery ended, there were many great political leaders who said, ‘My god, why didn’t I speak up? Why didn’t I recognize the idiocy of this? Why didn’t I recognize what this person was doing to the great institutions of our country?’”
White House Communications Director Anthony Scaramucci accompanies U.S. President Donald Trump for an event about his proposed U.S. government effort against the street gang Mara Salvatrucha, or MS-13, with a gathering of federal, state and local law enforcement officials in Brentwood, New York, U.S. July 28, 2017. REUTERS/Jonathan Ernst
White House Communications Director Anthony Scaramucci speaks during an on air interview at the White House in Washington, U.S., July 26, 2017. REUTERS/Joshua Roberts
New White House Communications Director Anthony Scaramucci takes questions at the daily briefing at the White House in Washington, U.S., July 21, 2017. REUTERS/Jonathan Ernst
White House Press Secretary Sarah Sanders greets new White House Communications Director Anthony Scaramucci at the daily briefing at the White House in Washington, U.S. July 21, 2017. REUTERS/Jonathan Ernst
SkyBridge Capital founder Anthony Scaramucci, aide to U.S. President-elect Donald Trump, arrives in the lobby of Trump Tower in New York, U.S., on Friday, Jan. 13, 2017. Trump said his administration would produce a full report on hacking within the first 90 days of his presidency and accused 'my political opponents and a failed spy' of making 'phony allegations' against him. Photographer: Albin Lohr-Jones/Pool via Bloomberg
White House Communications Director Anthony Scaramucci talks to the media outside the White House in Washington, U.S., July 25, 2017. REUTERS/Yuri Gripas
Anthony Scaramucci, SkyBridge Capital Founder and aide to U.S. President-elect Donald Trump, speaks during a Bloomberg Television interview at the World Economic Forum (WEF) in Davos, Switzerland, on Tuesday, Jan. 17, 2017. World leaders, influential executives, bankers and policy makers attend the 47th annual meeting of the World Economic Forum in Davos from Jan. 17 - 20. Photographer: Simon Dawson/Bloomberg via Getty Images
Anthony Scaramucci, founder of SkyBridge Capital LLC, speaks during the Skybridge Alternatives (SALT) conference in Las Vegas, Nevada, U.S., on Wednesday, May 17, 2017. The SALT Conference facilitates balanced discussions and debates on macro-economic trends, geo-political events and alternative investment opportunities for the year ahead. Photographer: David Paul Morris/Bloomberg via Getty Images
Anthony Scaramucci, Founder and Managing Partner of SkyBridge Capital, speaks at the Volatility as the New Normal event in the Swiss mountain resort of Davos January 21, 2015. More than 1,500 business leaders and 40 heads of state or government will attend the Jan. 21-24 meeting of the World Economic Forum (WEF) to network and discuss big themes, from the price of oil to the future of the Internet. This year they are meeting in the midst of upheaval, with security forces on heightened alert after attacks in Paris, the European Central Bank considering a radical government bond-buying programme and the safe-haven Swiss franc rocketing. REUTERS/Ruben Sprich (SWITZERLAND - Tags: BUSINESS POLITICS)
NEW YORK, NY - DECEMBER 14: Anthony Scaramucci attends SkyBridge Capital Holiday Celebration at Hunt & Fish Club on December 14, 2016 in New York City. (Photo by Jared Siskin/Patrick McMullan via Getty Images)
NEW YORK, NY - DECEMBER 14: Eric Bolling and Anthony Scaramucci attend SkyBridge Capital Holiday Celebration at Hunt & Fish Club on December 14, 2016 in New York City. (Photo by Jared Siskin/Patrick McMullan via Getty Images)
NEW YORK, NY - OCTOBER 27: Deidre Scaramucci and Anthony Scaramucci attend 'Hopping Over the Rabbit Hole' Anthony Scaramucci Book Party on October 27, 2016 in New York City. (Photo by Jared Siskin/Patrick McMullan via Getty Images)
NEW YORK, NY - OCTOBER 27: Anthony Scaramucci attends the 'Hopping Over the Rabbit Hole' Anthony Scaramucci Book Party on October 27, 2016 in New York City. (Photo by Jared Siskin/Patrick McMullan via Getty Images)
NEW YORK, NY - OCTOBER 27: Susan Scaramucci Mandato and Anthony Scaramucci attend 'Hopping Over the Rabbit Hole' Anthony Scaramucci Book Party on October 27, 2016 in New York City. (Photo by Jared Siskin/Patrick McMullan via Getty Images)
NEW YORK, NY - APRIL 27: Anthony Scaramucci and Maria Bartiromo host FOX Business Network's 'Wall Street Week' at FOX Studios on April 27, 2016 in New York City. (Photo by Slaven Vlasic/Getty Images)
Anthony Scaramucci, founder of SkyBridge Capital II LLC, speaks during a Bloomberg Television interview in New York, U.S., on Wednesday, Oct. 26, 2016. Scaramucci, economic adviser to Republican presidential candidate Donald Trump, discussed the accuracy of polls in the U.S. presidential election and Trump's economic policy and support of free trade. Photographer: Christopher Goodney/Bloomberg via Getty Images
Anthony Scaramucci, managing partner of SkyBridge Capital LLC, speaks during a gala event at the Skybridge Alternatives (SALT) Asia conference in Singapore, on Wednesday, Oct. 17, 2012. SkyBridge Capital LLC, the $6.7 billion fund of hedge funds that organizes the biggest industry event in the U.S., plans to increase investments in Asia as it kicks off its first conference in the region. Photographer: Munshi Ahmed/Bloomberg via Getty Images
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Adriana is an associate editor for Yahoo Finance. She can be reached at firstname.lastname@example.org. Follow her on Twitter @adrianambells.