Alex Soros, president of Open Society Foundations, throughout a panel session on the closing day of the World Financial Discussion board (WEF) in Davos, Switzerland, Friday, January 19, 2024. The annual Davos assembly of political leaders , prime executives and celebrities from January 15 to 19. Photographer: Stefan Wermuth/Bloomberg by way of Getty Photographs

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“In Davos, Donald Trump is already the president,” Open Society Foundations president Alex Soros informed a panel on the World Financial Discussion board on Friday.

“That's a great factor, as a result of the Davos consensus remains to be incorrect,” he mentioned.

The prospect of Trump, who’s the front-runner for the Republican nomination within the upcoming elections, profitable a second time period within the White Home was a sizzling matter on the assembly of political and enterprise leaders in Switzerland this week.

Trump faces 91 felony counts in quite a few legal instances associated to his makes an attempt to overturn his 2020 election defeat, the mishandling of categorized paperwork and cash funds to a porn star. Nevertheless, many US enterprise leaders nonetheless consider that he’ll beat President Joe Biden, if the 2 face off within the 2024 race, as anticipated.

“Donald Trump owns the Republican Occasion. We’re in one thing that I prefer to name the Trump cycle, as a result of I believe even when – and I consider, if the establishments maintain, when – he loses this election, it’ll even be the Republican. candidate in in 2028 and possibly even in 2032,” Soros mentioned, drawing laughter from the attendees.

“What’s the approach for him? Both he results in jail or he results in energy, he didn't go to some seaside someplace and retire.”

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Most polls in latest months have put Trump forward of Biden in key swing states, though numbers launched final week by Redfield & Wilton Methods, in partnership with The Telegraph, confirmed these narrowing in Arizona, Georgia, North Carolina and Pennsylvania.

Soros insisted that the incumbent president nonetheless has a “fairly good card,” and backed Biden to retain Arizona and Georgia, the place he mentioned the actual model of “extremism” promoted by Trump and his allies is taken into account “actually poisonous” for a lot of voters.

“However, in actuality, if you wish to take a look at a state that may actually check the place the elections are, it's Wisconsin, as a result of if Joe Biden is ready to win Wisconsin, it ought to imply that he received Pennsylvania and Michigan,” added Soros, the son of a philanthropist billionaire and founding father of Open Society Foundations George Soros.

“Biden actually has a selected benefit in a polarized electoral atmosphere which is that he's not polarizing.”

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