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‘Appealing to both Republicans and Democrats’

Ackman even has someone in mind already: Rep. Dean Phillips, a Democrat from Minnesota. Despite his long-shot status in the primaries against Biden, Phillips has earned Ackman's fervent support.

“@deanbphillips is that candidate,” Ackman asserted. “He is super smart, highly experienced and successful in business and politics, and he is a moderate, appealing to both Republicans and Democrats.”

In a detailed post on Jan. 13, Ackman endorsed Phillips and announced he was giving $1 million to a political action committee supporting the politician — by far the largest donation he’s ever made for someone running for office.

“I am doing so because I believe that Dean Phillips would be a truly outstanding President of the United States, and I believe he has a credible path to winning the nomination despite what the oddsmakers may think,” he explained in the announcement.

Ackman added that Biden “is polling poorly” against Trump and that his numbers “are only going to get worse as he ages.”

A recent Messenger HarrisX poll revealed that when asked to choose between only Trump and Biden, 46% of voters favored Trump, 42% chose Biden, and 12% remained undecided.

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About the Author

Jing Pan

Jing Pan

Investment Reporter

Jing is an investment reporter for MoneyWise. He is an avid advocate of investing for passive income. Despite the ups and downs he’s been through with the markets, Jing believes that you can generate a steadily increasing income stream by investing in high quality companies.

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