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Bob Nardelli
Founder of XLR-8, XLR-8

Teamsters refusing to back Harris is a ‘big message’ for Dems: Nardelli #shorts

🎥 Sep 22, 2024 📺 Fox Business ⏱ 1m 👁 27810 views
Former Home Depot CEO and Chairman Bob Nardelli says the Teamsters' decision not to endorse a Democrat candidate sends a ...
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About Bob Nardelli

Bob Nardelli, founder of XLR-8 and former CEO of Home Depot and Chrysler, has been a frequent commentator on economic and political issues. In April 2025, he praised the Trump administration's approach, stating he believes it is "reshaping the global economy" and having a "good impact on it initially." He described the administration's style as requiring "100 one-day plans" instead of a 100-day plan, emphasizing flexibility and agility. Nardelli also criticized the prior administration, attributing increases in operating costs to "40% wage increases" and policies he referred to as an "energy surrender." In earlier appearances, Nardelli compared the economic records of President Biden and former President Trump, saying "Biden's used to signing the back of a check and President Trump's used to signing the front of the check." He characterized Trump's proposed corporate tax plan as "creative" and "encouraging localization," and argued that tariffs, when used as a practice rather than a policy, were effective in bringing China to the negotiating table. Nardelli also stated that the Teamsters' decision not to endorse a Democratic candidate was a "big message" for the party, reflecting concerns about families' economic well-being.

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Transcript (1 segments)
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Bob Nardelli0:00
You know, I've dealt with unions over 50 years of business now. President Hoffa went to the UAW at GE with a myriad of unions. And when I heard this announcement, if we were to measure this on an earthquake Richter scale, I would say this was a 10. I think it's a shock to the Democratic Party, who has long been—I think it was 1996 was the last time maybe they didn't endorse the Democratic president that was running at the time. So this is a big message. And I think you echoed it a little bit earlier: this is not a vote against the Teamsters; this is a vote representing their families, representing the ability to have a substantial income to support their families. And again, the age-old question: were you better off then than you are now? The answer has to be yes. And if you talk about democracy, somebody explain to me how the last three and a half years represents a good view of democracy when we have a border invasion and so forth.