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Biden is ‘the right man to address inequality’: Democratic megadonor

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Saban Capital Group Chairman & CEO, Haim Saban, joins 'Influencers with Andy Serwer' to discuss President-elect Joe Biden and his approach to economic inequality.

Video Transcript

ANDY SERWER: Tell us about how you met President-elect Biden, what you think of him, and how you would respond to people who say, "Oh, he's a career politician. He's not going to be able to solve any problems."

HAIM SABAN: I say baloney. You know, he's-- I've known, you know, President-elect Biden for many, many years. Obviously from his days in the Senate, I was supportive of him. On some matters maybe he's a little bit left of me. But he's more of a centrist than a left wing part of the Democratic Party. And I am absolutely confident that, you know, it was time for us to have somebody with Washington experience in order to get things done, somebody who was able to reach across the aisle, somebody who understands how Congress works. So from that point of view, I think that, you know, President-elect Biden is the right man at the right time in the right place.

ANDY SERWER: And research from the UN and elsewhere has suggested that rising inequality has weakened democracies around the world. Does what happened last week at the Capitol make you think about how unequal the US economy has been?

HAIM SABAN: It is unequal. And I think that President Biden recognizes that-- President-elect, President Biden on the 20th. President-elect Biden recognizes that and plans to address it. You know, again there are so many avenues that you can take to address that inequality. But I am truly, in my heart of hearts 100% convinced that he's the right man to address that inequality. He is a guy with a heart. We miss heart over the last four years. We [? were ?] [? all ?] [? served ?] by cynicism and division. It's time to put this behind us one way or the other.