A key piece of Kamala Harris’s closing message: 'I am a capitalist'

10/23/2024 22:30
A key piece of Kamala Harris’s closing message: 'I am a capitalist'

Presidential campaigns often spend their final weeks searing a few final thoughts into voters' minds. For Kamala Harris, one of her key concluding messages is that she is a 'capitalist.'

Kamala Harris has a message for the business world and traditional Republicans during the final weeks of the campaign — that she is a "capitalist."

It's a case Harris has been building since the early September release of a small business plan that included a new $50,000 tax credit for new small businesses as part of an overall goal of triggering 25 million new small businesses in four years.

She herself underlined the point Tuesday in a Telemundo interview where she said, in remarks her campaign immediately blasted out to reporters, "I am a capitalist. I am a pragmatic capitalist."

TOPSHOT - US Vice President and Democratic presidential candidate Kamala Harris speaks with members of the press aboard Air Force Two at Philadelphia International Airport, October 21, 2024, in Philadelphia, Pennsylvania before departing for Oakland, County, Michigan. (Photo by Jacquelyn Martin / POOL / AFP) (Photo by JACQUELYN MARTIN/POOL/AFP via Getty Images)

Vice President and Democratic presidential candidate Kamala Harris speaks with reporters aboard Air Force Two on Monday in Philadelphia before departing for Michigan. (JACQUELYN MARTIN/POOL/AFP via Getty Images) · JACQUELYN MARTIN via Getty Images

It's a message aimed at countering Donald Trump, who often portrays Harris as a socialist or communist. And Harris is tapping figures like Mark Cuban as a speaker for her in recent days instead of others like Elizabeth Warren (who is focused on her re-election bid in Massachusetts).

Cuban himself offered an even more colorful version of the message in a Tuesday afternoon Yahoo Finance appearance saying "Kamala Harris is a hardcore capitalist," as part of his overall case that she's the better candidate for business.

He said the goal of these last weeks is to show Harris as a CEO of sorts and get undecided voters "up to speed on our policies and how [she is] not an ideologue or dogmatic."

It's a message from Cuban and Harris with high stakes as recent weeks have seen a slight polling shift in Trump's favor. Multiple polling-based models still project essentially a toss-up election but with Trump now, instead of Harris previously, as a very slim favorite.

What Harris is attempting to do is cut into a traditional alliance between Republicans and the business community.

And it's a strategy that comes as some financial figures and economists have expressed deep reservations about things like Trump's tariff plans that could launch new trade wars and possible disruptions to the labor market that could result from his plan for "mass deportations."

"To recap, we suspect Trump's proposed curbs on immigration and new tariffs would be stagflationary," wrote Capital Economics in just one recent example.

The capitalist focus from Harris is part of a larger outreach to traditional Republicans who may be persuaded to leave Donald Trump.

Another GOP wing clearly in focus are national security Republicans. Many of them are especially alarmed by Trump's comments about deploying the US military on "the enemy within" and a new interview with Trump's former chief of staff who told the New York Times that Trump, in his opinion, meets the definition of a fascist.

It's a message Harris underlined Monday in a series of stops in battleground states with former GOP Congresswoman Liz Cheney. "The people who know Donald Trump best, who worked up close with him, are warning about the dangers of a second Trump term," added Ammar Moussa, Harris's Director of Rapid Response, on a call Wednesday with reporters.

BROOKFIELD WI - OCTOBER 21: Democratic presidential nominee Kamala Harris holds a town hall event with former Congresswoman Liz Cheney at the Sharon Lynne Wilson Center for the Arts on October 21st, 2024. (Photo by Sara Stathas for the Washington Post)

Democratic presidential nominee Kamala Harris held a town hall event with former Congresswoman Liz Cheney in Wisconsin on Monday. (Sara Stathas for the Washington Post) · The Washington Post via Getty Images

Harris is also of course offering closing thoughts focused on her base of support, especially women. Harris is headed Friday to Texas. It's not to try and win that red state but to put a national focus on the restrictive abortion laws there.

The final effort from Harris comes as she and her allies make public and private outreach to business leaders of all sizes.

Harris and her aides have been in regular dialogue with JPMorgan Chase (JPM) CEO Jamie Dimon, as Yahoo Finance previously reported. This week, the New York Times reported that Dimon privately supports Harris but won't say so publicly for fear of blowback.

Harris has also used figures like her brother-in-law Tony West to reach out to business leaders.

The chief legal officer at Uber (UBER) and a former assistant attorney general in the Department of Justice, West has been on leave since this summer to focus on the campaign. He spoke at this summer's Democratic convention and has been a key intermediary between the Harris campaign and CEOs.

CHICAGO, ILLINOIS - AUGUST 19: (Top row) Maya Harris, Tony West, Hope Walz, Gus Walz, (bottom row) Second Gentleman Doug Emhoff, Democratic presidential candidate, U.S. Vice President Kamala Harris, Democratic vice presidential candidate Minnesota Gov. Tim Walz and Minnesota First Lady Gwen Walz during the first day of the Democratic National Convention at the United Center on August 19, 2024 in Chicago, Illinois.  Delegates, politicians, and Democratic party supporters are in Chicago for the convention, concluding with current Vice President Kamala Harris accepting her party's presidential nomination. The DNC takes place from August 19-22. (Photo by Chip Somodevilla/Getty Images)

Tony West, on the middle row, shakes hands with Vice President Kamala Harris, who has her head turned, during the first day of the Democratic National Convention in August in Chicago. (Chip Somodevilla/Getty Images) · Chip Somodevilla via Getty Images

Cuban added Tuesday that his own focus on the campaign trail in recent days has been to talk with small businesses adding that he's specifically asked to engage with independent and Republicans.

Last Thursday, Cuban and Harris traveled together to the University of Wisconsin-Milwaukee for a stop at a business school where students engage in a "Shark Tank"-style competition.

He also pitches Harris in the language businesses can understand: as the CEO of her campaign.

"She's only been doing it for 13 weeks," he said Tuesday. "Think of a new CEO who just took over a company and revitalized the product."

Ben Werschkul is Washington correspondent for Yahoo Finance.

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