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In a surprising turn of events, Dave Portnoy, the founder of Barstool Sports, has publicly stated that he would consider voting for the Democrats in the upcoming 2026 midterm elections if the economy continues to struggle under President Trump’s administration.
This revelation comes as Portnoy reflects on the impact of Trump’s tariff policies, which he initially supported.
Economic concerns take center stage
During an interview with CNN, Portnoy, who previously cast his vote for Trump, expressed his growing unease about the current state of the economy.
He acknowledged that the ongoing tariff war has rattled the stock market, leading to significant losses for many investors, including himself. Portnoy admitted to losing an astonishing $7 million in stocks and cryptocurrency following Trump’s controversial “Liberation Day” announcement in April.
He later estimated that his losses could be as high as $20 million, which represents nearly 15% of his net worth.
Portnoy’s shifting political stance
When asked if he would abandon the Republican Party if the market does not improve, Portnoy responded affirmatively, stating, “Yeah, absolutely.” He clarified that he never fully identified with the extreme elements of the MAGA movement, emphasizing that his primary concern is the economy.
Portnoy’s willingness to switch parties highlights a broader trend among voters who prioritize economic stability over party loyalty.
The midterms as a pivotal moment
Portnoy believes that the upcoming midterm elections will serve as a crucial indicator of public sentiment regarding the economy.
He stated, “I think the big date is the midterms, which is a long time out. But I do think that in this country, the number one issue, no matter what is going on, is the economy.” He expressed hope that the stock market would show signs of recovery before the elections, as he believes that voters will make their voices heard through their ballots if economic conditions do not improve.
As the political landscape continues to evolve, Portnoy’s comments reflect a growing concern among many Americans regarding the state of the economy and its influence on political affiliations. With the midterms approaching, it remains to be seen how economic performance will shape voter decisions and party dynamics in the coming years.
