Carl Icahn: Trump Left 'No Doubt Our Dangerous Slide Towards Socialism Is Over'

In what should come as no surprise to any American, newly elected President Donald Trump’s special advisor on regulatory reform and long-time Trump supporter Carl Icahn has tweeted that he loved Trump’s inauguration speech.

On Monday morning, Icahn tweeted that Trump’s speech “leaves no doubt our dangerous slide towards socialism is over.”

The two billionaires have a long history of business dealings together. Icahn was the largest bondholder of Trump’s Taj Mahal casino during its bankruptcy in the early '90s. In early 2016, Icahn Enterprises LP (NASDAQ: IEP) acquired Trump Entertainment Resorts following yet another bankruptcy. Icahn officially closed the Taj Mahal last October.

To Be Special (Advisor)

Icahn stayed loyal to Trump throughout the campaign season, even when other supporters jumped ship after Trump’s many inflammatory comments. When Trump named Icahn special advisor in December, Icahn profited more than half a billion dollars in a single day after Icahn Enterprises stock jumped 8 percent.

As special advisor, Icahn is likely to target Environmental Protection Agency regulations on U.S. oil refiners intended to promote renewable fuels. Icahn, who is a large investor in CVR Refining LP (NYSE: CVRR), penned an editorial piece for the Wall Street Journal back in November harshly criticizing the Renewable Identification Numbers mandate on refiners.

Shares of CVR Refining are up 61.7 percent since Election Day.

Image Credit: By U.S. Marine Corps Lance Cpl. Cristian L. Ricardo [Public domain], via Wikimedia Commons