‘I Need Explanations’: Kevin O’Leary Says Kamala Harris ‘Has To’ Break Down Her Actual Economic Policies To Press
'I have to invest on these policies'
American business owners are usually going to have a better idea of what the country needs to survive, and “Shark Tank’s” Kevin O’Leary is no exception.
“When we syndicate debt for real estate projects, we don’t care if you’re a Democrat or a Republican. So, I deal with a lot of investors agnostic to politics, and some of them are very big contributors to the Democratic party,” O’Leary told Fox News’ Jesse Watters.
O’Leary then revealed to Watters that one of those investors told him that “some of us are having buyer's remorse.”
“'We wish we’d run a process because we got so much press in the first nine days of bringing somebody into the party and raised the 200 million plus. Which like a balloon under water, it just wasn’t Biden,'” he continued, explaining what the investor said.
“So, that’s starting to crack a little bit,” he added.
O’Leary then took aim at Justin Trudeau as an example, telling Watters that “no one cared about his executional skills or what he’s ever done or anything.”
“They just thought he was the ‘it’ guy. Look at the country now. It’s wiped out, because it turns out the guy had no executional skills. It would be important to leave aside the politics and ask, ‘What has Kamala Harris actually done, actually achieved?’”
While Harris has been vice president for the past three and a half years, it doesn’t seem as if she actually has achieved anything.
“The happy talk is going to have to stop, because someone’s going to sit her down and say, ‘Let’s talk inflation, let’s talk border, let’s talk policy on energy, let’s talk policy on foreign affairs,’ and if she doesn’t deliver on that,” O’Leary explained, “the guy that said, ‘I wish we’d run a process,’ is going to be right.”
O’Leary didn’t stop there. He also praised Trump.
“You might hate Trump, but he has this track record of policy. You might hate him, I get it, but you know, you got to do something,” he finished.
“Dave Rubin of “The Rubin Report” is impressed.
“Someone on the left said something not completely insane,” he says, shocked.
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Businessman Kevin O'Leary believes Democrats have no one to thank but themselves if Donald Trump wins the 2024 election.
Last spring, Manhattan District Attorney Alvin Bragg (D) became the first official to target Trump with criminal prosecution. More than a year later, Bragg — and Democrats generally — celebrated a jury's decision to convict Trump on 34 felony counts.
'History will show he made Donald Trump president one more time!'
But Americans quickly voiced their concern with the verdict, which proved to be a fundraising boon for Trump and the Republican Party.
Trump's campaign is now more invigorated than ever, and O'Leary believes history will show that Bragg and Democrats were the impetus that put Trump back in the White House.
"You've got to remember: Donald Trump only 24 months ago, in the middle of the first term of Biden, did not have control of his party," O'Leary told Piers Morgan on Monday. "About a third of them were rebelling ... because they were concerned about the controversy around Trump, and they were looking for new leadership, and he was challenged.
"But something happened that changed everything, and this is the law of unintended consequences," he continued. "Alvin Bragg started charging Trump, and immediately the entire Republican Party coalesced behind him almost in 48 hours."
"But here's what's really interesting: If Trump becomes president, I think he has a big debt to Alvin Bragg," O'Leary declared.
Democrats often talk about being on the "right side of history." According to O'Leary, history will record Bragg as being on the right side of history — for Trump and Republicans.
"I understand that you may not like that as an unintended consequence if you're Alvin Bragg, but I think history will show he made Donald Trump president one more time!" O'Leary predicted.
The prediction is not outlandish. Case in point: Americans who believe the verdict and case were unfair are putting their money where their mouth is.
In the 24 hours after Trump's conviction, his campaign raised $53 million in small-cash donations — a record-shattering number. One-third of those donations came from first-time donors, a signal that Trump's conviction compelled Americans, who might not have donated otherwise, to back Trump with their hard-earned dollars.
The Republican Party, meanwhile, raised more than $140 million in May, an eye-popping figure aided by Trump's trial and conviction.
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CNN anchor Laura Coates snapped at businessman Kevin O'Leary on Monday for insisting that Donald Trump is being treated unfairly.
On Monday, Trump's attorneys revealed the former president is unable to post the nearly half-billion dollars required of him to appeal the New York civil fraud ruling against him. New York Attorney General Letitia James (D) — who campaigned on targeting Trump — has repeatedly threatened to seize Trump's assets if he does not pay the outrageous fine.
Such a message, O'Leary told Coates, is "horrible" and uniquely anti-American.
"What a great message to send out all around the world. Take a claim where there was no money is lost. There was no fraud here in the context of actually people losing money. Deutsche Bank, who made the loan, was made whole," O'Leary said.
"Great message for New York. Great message for America," he mocked. "I think that was a statement that would be much better made sometime in Venezuela. I'm not kidding. That's a scary, scary message."
He continued, "There are no half a billion-dollar bonds. Never been done before. Never. This law has never been applied. Forget about Trump. Nothing to do with Trump. Everything to do about America and the New York brand. I love this state. My children live here. A horrible message to everybody around the world watching this. Absolutely horrific."
NEW: Shark Tank's Kevin O'Leary slams AG Letitia James and Judge Arthur Engoron seizing Donald Trump's assets 'like in Venezuela or Cuba' during heated CNN shouting match.
"This may be great for the attorney general, but this is not good for America."
"Forget about Trump. You… pic.twitter.com/yzb6YhPKfc
— KanekoaTheGreat (@KanekoaTheGreat) March 19, 2024
O'Leary wasn't finished making his point, which was that James has not considered the long-term ramifications of targeting Trump. But Coates decided that O'Leary was done, and she began interrupting him.
"Wait, Kevin. Kevin, hold on a second," Coates interrupted. "Hold on a second."
But O'Leary continued speaking and tried to finish his idea, leading Coates to declare, "I have a wonderful voice, and it won’t be talked over!"
"What are you doing?" she then asked him.
"It's not America, but it is the 'Laura Coates Live' show, and I am speaking. So, that will be the rule. Not Venezuela," Coates continued. "It's 'Laura Coates Live.' And hello, my name is Laura Coates."
O'Leary has been a staunch critic of the ruling against Trump, famously declaring that he will never conduct business in New York again because of it.
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Businessman Kevin O'Leary vowed on Monday never to invest in the state of New York again.
O'Leary, the star "Shark Tank" investor, slammed Judge Arthur Engoron's ruling against Trump in the civil fraud trial. Last Friday, Engoron ordered Trump to pay a penalty of $355 million plus interest — a total of approximately $450 million. The fraud case was brought by New York Attorney General Letitia James, a Democrat who campaigned on targeting Trump.
"Just leaving the whole Trump thing out of it and seeing what occurred here — and I'm no different than any other investor — I'm shocked at this," O'Leary said on Fox Business. "I can't even understand or fathom the decision at all. There's no rationale for it."
According to O'Leary, the ruling demonstrates what he and many other businessmen believed was already true: New York is a "loser state" because of liberal policies, high taxes, and uncompetitive regulation.
"I would never invest in New York now," he promised.
"The fine people of New York should ask themselves, 'Why are we such a loser state? How are we going attract business?' It's not just the existing businesses that are fleeing out to Texas and Florida. What about new money like what I’m talking about? Like a $4 billion data center?" O'Leary continued. "Not a chance I would put that in New York! Zero probability! Never!"
O'Leary cited Tennessee, Oklahoma, West Virginia, and North Dakota as "winner states" because of their business-friendly policies. But New York, he argued, has just proved it is a "mega-loser state."
'LOSER STATE': O'Leary says he will never invest in NY after Trump fraud ruling www.youtube.com
Finally, O'Leary responded to Democrat Gov. Kathy Hochul's attempt to reassure businesses and real estate developers — those not named Trump, of course — telling them that there is "nothing to worry about."
Ultimately, O'Leary explained that New York has shot itself in the foot — and state officials have no one to blame but themselves.
"We're very worried. Every investor is worried because where is the victim? Who lost the money? This is some arbitrary decision a judge made," O'Leary said. "What does this say about the legal bar in New York? Aren't they going to question this judge? What is this? $355 million as a penalty plus interest at 9% and there's no victim?
"I'm sorry. Her words fall on deaf ears to everybody. There's nothing she can say to justify this decision," he continued. "Forget about Trump. This is not a Trump situation — this is a New York problem."
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Businessman Kevin O'Leary told CNN host Laura Coates on Thursday that "every" real estate developer is guilty of the alleged real-estate fraud that Donald Trump is found to have committed.
New York Attorney General Letitia James (D) is suing Trump, alleging the Trump Organization repeatedly overvalued its properties to lenders while reporting different property values to tax officials. A judge has already ruled that Trump committed fraud. The questions that remain in the case are how much the Trump Organization will be fined and what it means for future business.
Many people believe James pursued the case with political motives, an assessment O'Leary appears to agree with. In fact, he told Coates that every real estate developer everywhere is guilty of what Trump did.
O'Leary explained:
So, if you're a developer and you've got a building on a block anywhere in America and it's worth, let's say, $500 million and you want to build a building right beside it, you go to the bank and say, "This building is worth $500 million. I'd like to borrow a construction finance loan against this asset, and I want you to tell me it's worth 500 million, too." The bank negotiates with you and says, "Well, no, we think it's worth $400 million," and you fight it out.
You're always trying to show your assets in the brightest light with the sunshine you can possibly determine for them. You want them to be worth the very most because you're only going to get a 40% or 50% loan-to-value, as it's called. Then you borrow that money. In the case of a $500 million asset, maybe you get $250 million, and you build a new building with a construction finance loan.
"Forget about Trump: Every single real estate developer everywhere on Earth does this," O'Leary said.
The concern, then, should be who lost money? "Nobody," according to O'Leary, because the Trump Organization paid its bank loans. Thus, if James were to be consistent, she would sue "every real estate developer" in her jurisdiction, he said.
"If you're a real estate developer, you're watching this, you're saying, 'What is this? This is ridiculous!'" he said. "This is, for real estate developers, this is a joke."
The explanation, disarming the substance of James' case against Trump, left Coates shocked.
"It's fascinating to me to hear this perspective because you don't often hear it from that particular angle," she said.
"The first question, is everybody doing it in real estate? Yes, everybody is doing it, not only domestically, all around the world. This is how it works," O'Leary responded.
Closing arguments in the civil case took place on Thursday. James is asking a judge to fine Trump $370 million, but a final ruling is not expected for weeks. Even then, Trump will appeal the ruling.
For his part, O'Leary told Coates he believes the case will not survive an appeal.
'Every real estate developer everywhere does this': Kevin O'Leary reacts to Trump civil fraud case www.youtube.com
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