Investor and “Shark Tank” star Kevin O’Leary claimed Friday he tells blue For regulations made by politicians are “unconscionable” in America and quipped that Rep. Alexandria Ocasio-Cortez, D-NY, is “great at killing jobs.”
The business mogul appeared on “CNN This Morning” to discuss the current state of the economy after a drop in the latest US jobless claims numbers showed positive signs regarding lower jobless claims.
O’Leary said the numbers, combined with the 4% unemployment rate, create “an extraordinary economy” in which “we’re hiring every day and we’re competing every day.”
Mogul noticed an interesting wrinkle about the post-pandemic economy — that people no longer want to work in an office because many of them have gotten used to working at home, or they entered the labor force during the pandemic. went and never set foot in an office.
This remote work boom has contributed to another big gap in the new economy, one he claims “nobody saw coming.” “It is a competition of states,” he said.
O’Leary noted that he and other investors are no longer choosing to invest in or grow their businesses in blue states like New York or California because of the terrible business climates.
He said, “I don’t keep companies here in New York or in Massachusetts or New Jersey or California. Those states aren’t investable. The policy here is crazy. The taxes are too high. We put them in Fargo, North Dakota, because 40 % of people work elsewhere, including Boston.
He described an argument he had with socialist-leaning Sen. Elizabeth Warren, D-Mass., claiming, “I say, ‘Look, Senator, we have to move companies out of your state because now you Not investable. . You’re punishing people. If they’re successful, you tax them more, you hit them with a super tax. New Jersey, what a mess! New York, not investable. “
Harlow and fellow anchor Don Lemon asked their guest if it’s worse than just higher taxes. O’Leary confirmed this, claiming, “Oh, the regulatory environment is punitive.”
“I had a project in upstate New York behind the grid in Niagara Falls for electricity – a global data center we were building. Eventually it got so bad with politicians in the local area and state policy, we moved it to Norway and All jobs shifted,” O’Leary said.
“That’s New York. Not investable,” he declared, “Sorry, don’t shoot the messenger. Just telling you how it is.”
Co-anchor Caitlin Collins responded that “there is bound to be pushback from our elected officials in New York on that”.
O’Leary retorted by saying, “I’ll argue with him anytime that day you want, specifically AOC, He then blasted “The Squad” member’s economic policies, saying, “She’s great at killing jobs. She kills thousands of jobs.”
investor brought AOC’s efforts To prevent Amazon from setting up its second New York City headquarters in Queens. Alfredo Ortiz, CEO of the Job Creators Network, told Fox News Digital in 2020 that his campaign cost the city “25,000 well-paying jobs” and sent a “message to jobseekers everywhere that they are no longer welcome in the city”. Is.”
Where did Amazon take its jobs? They took them away from him. They threatened to sue him if he created jobs. I mean, it’s a reality,” O’Leary asked.
Harlow tried to defend the congressman by replying, “There’s a little more to it, but don’t start it again.”
“Well, you know, sorry, just telling the truth,” O’Leary said.
