Report: Peter Thiel Says Trump Admin ‘Incompetent,’ May End In ‘Disaster’

Apple CEO Tim Cook, right, and PayPal founder Peter Thiel, center, listen as President-elect Donald Trump speaks during a meeting with technology industry leaders at Trump Tower in New York, Wednesday, Dec. 14, 2016. (AP Photo/Evan Vucci)
FILE - In this Wednesday, Dec. 14, 2016, file photo, PayPal founder Peter Thiel, right, listens as then President-elect Donald Trump speaks during a meeting with technology industry leaders at Trump Tower in New York... FILE - In this Wednesday, Dec. 14, 2016, file photo, PayPal founder Peter Thiel, right, listens as then President-elect Donald Trump speaks during a meeting with technology industry leaders at Trump Tower in New York. Thiel was able to gain New Zealand citizenship in 2011 despite never having lived in the country because a top lawmaker decided his entrepreneurial skills and philanthropy were valuable, documents reveal. Thiel didn't even have to leave California to become a new member of the South Pacific nation. (AP Photo/Evan Vucci, File) MORE LESS
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August 7, 2017 11:51 am
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Billionaire Silicon Valley investor Peter Thiel has privately told friends that President Donald Trump’s administration is “incompetent” and may end “in disaster,” BuzzFeed reported on Monday.

Thiel, a libertarian who urged “Americans to stand up and vote for Donald Trump” at the 2016 Republican National Convention and joined Trump’s White House transition team in November, has soured on the President since his election, according to the report.

BuzzFeed reported, citing two unnamed sources in attendance of a meal Thiel had with friends in January, the investor said “there is a 50 percent chance this whole thing ends in disaster.”

Thiel nevertheless described Trump’s administration as a work in progress and dismissed questions about whether Trump’s election would have negative ramifications for social change, such as the legalization of marriage equality, according to the report.

He made further remarks to that effect at an event in May, BuzzFeed reported, citing an unnamed guest in attendance who said Thiel appeared “annoyed” with Trump’s first few months as President.

Thiel was concerned that Trump would have a stagnant first term and said he did not think Trump would win reelection, according to the report. He summed up Trump’s administration as “incompetent.”

In a statement to BuzzFeed, Thiel did not deny making those statements, but said he continues to “support” Trump in “his ongoing fight to achieve” change.

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