Kevin O’Leary Exposes Kamala’s Terrible Plan

Kevin O’Leary, a prominent investor and star of “Shark Tank,” has voiced significant concerns about Vice President Kamala Harris’s recently unveiled economic plan, describing several elements as “really bad ideas.”

At a rally in North Carolina last week, Harris introduced her economic strategy, which includes various initiatives like child and homeowner tax credits, and a federal ban on grocery price gouging. Addressing the price gouging ban on CNN, O’Leary criticized the idea, remarking, “This approach has been tried in places like Venezuela, Cuba, North Korea, and the former USSR. History shows that it’s not effective.” He expressed skepticism about the feasibility of corporations setting prices under such a mandate, calling it an impractical concept that has been mocked.

O’Leary also questioned Harris’s commitment to transparent policymaking, noting her recent momentum after assuming the Democratic presidential nomination from President Biden. He observed, “Politicians often propose free money to gain favor, but these proposals lack substance.” He stressed the need for Harris to present detailed policies and face tough questions from the media, which he believes has not yet occurred.

Harris’s reluctance to engage with reporters has drawn criticism, particularly from the Trump campaign, which has highlighted her avoidance of media scrutiny. Harris has promised an in-depth interview before the end of the month, but O’Leary remains doubtful about the timing and impact of such an engagement.

Another component of Harris’s plan involves offering $25,000 in down-payment assistance to first-time homebuyers and a tax credit for them. O’Leary dismissed this as a flawed strategy, explaining, “Injecting $25,000 into a constrained housing market leads to higher prices due to increased demand. If everyone bidding on a home has an extra $25,000, the price just goes up.” He also criticized the proposal to build 3 million new housing units over four years, questioning its practicality given that housing regulation is largely a state issue. “There’s no federal mandate that can solve this problem,” he argued.

When CNN anchor Jessica Dean suggested that collaboration with state and local entities might help address the housing crisis, O’Leary countered, “If Harris and her team haven’t made progress in the last three and a half years, why should we believe that state cooperation will suddenly resolve the issue?” He pointed to ongoing housing affordability problems in states like California as evidence of ineffective policies.

Ultimately, O’Leary emphasized that, as an investor, he is more interested in sound policy than in political rhetoric. “I want any future president to succeed and create an environment where investors like me can thrive,” he said. “However, the current political theater lacks substance. We need clear, actionable policies and answers to tough questions, not just promises.”

Harris’s economic proposals have already faced sharp criticism from Trump’s campaign, which likened them to socialist policies seen in Cuba and Venezuela. Similarly, the Washington Post Editorial Board has dismissed the agenda as a “populist gimmick.”