Kevin O’Leary calls AOC “great for killing jobs” and New York “unsuitable for investment.”
Investor and Shark Tank star Kevin O’Leary said Friday that the blue states in America are “unsuitable for investment” thanks to rules passed by politicians, and joked that Rep. Alexandria Ocasio-Cortez (D-NY) is “great kills jobs.”
The business mogul appeared on CNN This Morning to discuss the state of the economy after the latest data on US jobless claims fell, suggesting positive signs of a relatively low jobless claims rate.
O’Leary said the numbers, combined with a 4% unemployment rate, create an “extraordinary economy” in which “we hire every day and we compete every day.”
The mogul noted an interesting feature of the post-pandemic economy: people no longer want to work in an office because many of them are used to working from home, or they entered the workforce during the pandemic and never set foot on it. in the office.
This telecommuting boom brought another major change to the new economy that, he argued, “no one expected.” He said, “It’s a state competition.”
O’Leary mentioned that he and other investors prefer not to invest or develop their business in blue states like New York or California anymore because the business environment there is terrible.
He said, “I no longer list companies in New York or Massachusetts or New Jersey or California. These states cannot be invested in. The politics here are crazy. The taxes are too high. We placed them in Fargo, North Dakota because 40% of the people work elsewhere, including Boston.”
He described a debate he had with socialist Senator Elizabeth Warren (D-Massachusetts) stating, “I’m like, ‘Look, Senator, we have to get companies out of your state because you’re no longer investable.’ . You punish people if they are successful, you overburden them, you overtax them.” New Jersey, what a mess! New York, unsuitable for investment.
CNN This Morning hosts Poppy Harlow and Don Lemon asked their guest what’s worse than just high taxes. O’Leary confirmed this, stating, “Oh, the regulatory environment is punitive.”
“I had a project in upstate New York behind the Niagara Falls grid for electricity, a global data center that we were building. In the end, it got so bad with local politics and government policies that we moved it all to Norway and all the jobs,” O’Leary said.
“This is New York. You can’t invest,” he said, adding: “Sorry, don’t shoot the messenger. I’m just telling you how it is.”
Host Caitlin Collins responded that “our elected officials in New York will definitely resist this.”
O’Leary replied, “I’ll discuss them any time of the day you want, especially AOC.” He then set fire to the Squad member’s economic policy on live television, saying, “It’s great at killing jobs. It’s killing jobs by the thousands.”
The investor mentioned AOC’s efforts to prevent Amazon from opening its second New York headquarters in Queens. Job Creators Network CEO Alfredo Ortiz told Fox News Digital in 2020 that her campaign cost the city “25,000 well-paying jobs” and that she “sent a message to job creators everywhere that they are no longer welcome in her city.” “.
“Where did the Amazon jobs go? They took them from her. She threatened to sue them if they created jobs. I mean, it’s reality,” O’Leary asked.
Harlow tried to defend the congresswoman, replying, “It’s a little more, but let’s not revisit it.”
“Well, you know, I’m sorry, I’m just telling the truth,” O’Leary said.
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