Kevin O’Leary, known for his straightforward views on business and investing, recently weighed in on the Democratic Party’s trajectory during an appearance on Fox News. And his take might surprise you – he thinks losing the upcoming election could be the best thing that happens to the Democrats.
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O’Leary compared the current situation to a Super Bowl game, calling the presidential race “the Super Bowl of global politics.” He criticized the Democrats for “anointing” a candidate instead of allowing a proper process. “You don’t bring a quarterback in that’s never, ever, ever won any game anywhere,” he said, pointing out that President Biden, their “quarterback,” is currently struggling. Yet, the party didn’t run a proper selection process for an alternative.
In his view, a loss would force the Democrats to “reset and reboot and get that party back to the center.” He argued that influential figures like Chuck Schumer, Nancy Pelosi and even Barack Obama won’t be able to exert the same level of control four years from now, which could be a positive shift for the party and the country.
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O’Leary also touched on some policy issues that he feels are misaligned with the American dream, particularly those concerning economic freedom. As an investor, he said he has to work with whoever is in the White House, but he can’t ignore policies that harm the core of what makes America unique. “All I do is work with entrepreneurs that want to build businesses,” he said, calling out two major policies: taxing unrealized capital gains and implementing price controls.
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