Kevin O’Leary, most known as “Mr. Wonderful” from Shark Tank, recently sat down with Chris Cuomo to share his thoughts on politics and investing in the current climate. In the conversation, O’Leary deeply studied how the political landscape, especially around Kamala Harris, influences his investment decisions.
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For O’Leary, it’s not about whether you’re a Democrat or a Republican. It's all about the policies that will impact businesses and investments. “I’ve never made any money on politics. I’ve made money on policy,” saying he spent the last three years rubbing shoulders with politicians from all sides of the aisle, not just the red and blue.
During the interview, O’Leary shared his thoughts on Vice President Kamala Harris and the challenges she faces as a political leader. He was critical of Harris’s past performance and stressed the importance of execution skills in the upcoming election. He said, “There must be another woman of color that has better execution skills [than Harris] … Certainly, there are other women.”
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“She has a track record. It’s not like she just started yesterday. She’s been here for over three and a half years. It doesn’t matter what a Democrat says. It matters what the independent voter is going to do in the seven states that matter.”
He continued explaining what the elections mean for him as an investor because he takes investment risks seriously, noting, “For me as an investor, … all I care about is how’s it going to work in Michigan, how’s it going to work in Pennsylvania, what’s going to happen in Iowa. You can make a mistake when you vote and get it wrong, I lose $50 million.”
He again pointed out that he’s neither a Republican nor Democrat supporter but a policy supporter – “I want to do policy that helps create jobs in America, and I don’t care whether they’re red or blue or independent jobs.”
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He says he has CEOs in his portfolio who are very left-wing and very right-wing, and they all get along nicely without talking about politics. What they do talk about is policy.
When Cuomo asked him why Democrats don't get a better reputation for creating jobs, O’Leary said that it’s just bad marketing and that they deserve some credit as there’s been very good unemployment data. He also stressed that the country is in great shape economy-wise, even though people don’t think that’s the case, saying, “They have nothing to be ashamed of in this economy … it’s just amazing that they’re not taking more credit or somehow not getting more credit.”
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Cuomo argued that gas and food prices are higher on their watch and that many voters won’t vote for them because of that. For O’Leary, the answer is clear: “Inflation is always the enemy of the incumbent. We wrote two trillion too many dollar bills. We didn’t need the Inflation Reduction Act.”
Kevin O’Leary’s comments highlight how politics can impact business decisions and the economy. His views on Vice President Kamala Harris may stir debate, but they bring attention to how important it is for policies to support economic growth, regardless of political affiliation. As we head into another election season, these issues matter to both voters and investors trying to make informed decisions about the future.
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