Chamath Palihapitiya Compares Biden's Efforts To Remain In Power To Warren Buffett, Slams People 'Diabolically' Propping President Up For A Second Term

In a recent podcast, Chamath Palihapitiya drew a comparison between President Joe Biden and Warren Buffett, the head of Berkshire Hathaway Inc., in the wake of the CNN presidential debate against Donald Trump.

What Happened: During the All In podcast on Friday, Palihapitiya voiced his apprehensions about Biden’s performance in the debate. He insinuated that Biden may not be the one truly pulling the strings and that there are individuals “acting somewhat diabolically” to retain power.

“I don’t think that you should take away from last night that Joe Biden had a bad debate. I think what we should take away is that there is a person who should be allowed to transition into the sunset and be celebrated for what he’s done,” he said.

“Instead, there are people that, frankly at the margins, are acting pretty unethically and at the limit, is actually acting somewhat diabolically to prop this person up so that they can keep power,” he added.

See Also: Mark Cuban Asked ChatGPT To Analyze First Trump-Biden Debate And Judge The Duo’s Communication Skills, Pr

Palihapitiya drew a parallel with Warren Buffett, who, despite being in his early nineties, continues to lead Berkshire Hathaway with transparency and openness. He criticized the absence of similar transparency in Biden’s case, labeling it as “un-American and undemocratic.”

He ended by questioning the intentions of those who seemed more focused on maintaining power than on ensuring the best leadership for the nation.

“The thing that they care more about than their hatred of Donald Trump is their desire to stay in power,” Palihapitiya added.

Why It Matters: Palihapitiya’s comments come in the wake of Biden’s disastrous debate performance against Trump, which led to a family gathering at Camp David to express support and encourage him to stay in the race. Despite acknowledging Biden's subpar performance, the Biden family remains confident in his ability to secure a Democratic victory and serve another term as President.

This followed a flash poll that showed only 32% of respondents approved of Biden’s performance in the debate. The poll stirred talks of the president being replaced as the Democratic party's candidate.

Read Next: Jim Cramer Says Trump’s Return To White House Could Be ‘Good For Your Portfolio:’ ‘Hate Him Or Like Him’

Disclaimer: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.

Image via The White House