In a surprising turn of events, David Marcus, the longtime president of PayPal and a prominent mega-donor for left-wing candidates, endorsed former President Donald Trump. Marcus announced on the social media platform X that he would not support Vice President Kamala Harris in her presidential bid, instead backing the GOP nominee, Donald Trump. This move has shocked both Democrats and Republicans across the country.
Marcus said in his lengthy post that he was “crossing the Rubicon and backing the Republican Party and President Trump.” He continued: “Many — including a former version of myself — get trapped in a mental framework that becomes their identity and prevents them from radically evolving their thinking with new facts and information. I finally broke free from it. My journey has been a gradual political 180 from where I stood in every previous election. It has been an eye-opening process of disenchantment, zero-basing lifelong beliefs, and rebuilding from there.”
The head honcho of Paypal went on: “In 2017, a good friend enlisted me to pitch the DNC to raise $100M from Silicon Valley founders and executives. The aim was to use these funds and know-how to build a CRM and tech platform to prevent a repeat of Hillary Clinton’s inadequate, outdated 2016 campaign. We met with DNC leadership, who told us we could raise that money, but it would have to go to the general fund; a single-digit percentage would then be allocated to tech. In the wake of one of their most shocking failures, they didn’t want the help.”
Marcus explained that his political awakening began in 2019 during his time at Meta, right after the release of the Libra white paper. He testified before both chambers of Congress and spent considerable time in Washington, D.C., interacting with lawmakers, members of then-President Trump’s Cabinet, regulators, and two different administrations. He said, “At the time, I still believed the mainstream idea that Democrats were all about serving the People.”
“However, I was shocked to learn that, for the most part, Republicans cared more deeply about their constituents, while Democrats, in my experience, cared more about government power and control. This is my observation on balance, with many stories to back it up. I also found that more Republicans wanted to understand our project’s goals and took the time to learn about the risks of censoring payments and controlling the network. I found myself remarkably aligned with them,” he continued.
Marcus said the coronavirus pandemic further broadened his perspective. While he stressed that he is not a conspiracy theorist and does not subscribe to many of the vaccine-related narratives, he was deeply troubled by the “censorship machine” aimed at concealing the virus’s true origin and the shaming of those who opposed vaccines and lockdowns. He revealed that during the pandemic, he developed a strong appreciation for why the GOP prioritizes freedom of speech and opposes censorship.
I am crossing the Rubicon and backing the Republican Party and President Trump.
Many — including a former version of myself — get trapped in a mental framework that becomes their identity and prevents them from radically evolving their thinking with new facts and information. I…
— David Marcus (@davidmarcus) July 31, 2024
He then slammed Democrats for producing false narratives for the sake of pushing their own agenda: “This trend of spinning and manufacturing a parallel reality to serve the Dem agenda, solidified by complicit mainstream media, hit home with the Hunter Biden laptop story, the coordinated vilification of President Trump and his followers, and President Biden’s cognitive decline — depriving voters of a voice in a proper primary. These examples displayed the hubris of the current Dem leadership. You must think the American people are fools to believe the spin on these issues. I despise this elite vs. general population ideology viscerally.”
Later, he said the country needs a “President who is unequivocally pro: America, the Constitution, business, Bitcoin/crypto, innovation, Israel, small government, legal immigration, free speech, meritocracy, and common sense — and anti: regulatory proliferation, illegal immigration, unjust wars, Iran’s current regime, and domestic groups that oppose American values. These issues are central to President Trump’s platform.”
He said he disagrees with Trump on some issues including women’s reproductive rights. However, he wrote: “President Trump confirmed he was against a national abortion ban and supported the Supreme Court’s decision on maintaining access to mifepristone, which was reassuring and a sign that the party was moving closer to the center.”
Marcus then took on the Democrat lie that Trump plans to “end democracy” if he’s elected. The “alternative — 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,” he wrote, “might present a more significant threat. Neither will likely change in a Harris administration and could potentially worsen.”
Disclaimer: This article may contain commentary which reflects the author’s opinion.