Kevin O’Leary Discusses Kamala Harris’ Impact on Democratic Party’s Future

Kevin O’Leary, renowned investor and Shark Tank star, warns Democrats about potential pitfalls in nominating Kamala Harris for president.

At a Glance

O’Leary compares Harris’ nomination to Hillary Clinton’s in 2016, calling it a “huge mistake”
He criticizes Democrats for not running a competitive nomination process
O’Leary suggests Harris could be “Hillary 2.0” and warns of potential election loss
The investor expresses concerns about Harris’ economic policies, particularly on price-fixing

O’Leary’s Warning to Democrats

Kevin O’Leary, the outspoken entrepreneur and investor from ABC’s Shark Tank, has issued a stark warning to the Democratic Party regarding their potential nomination of Vice President Kamala Harris as their presidential candidate. O’Leary argues that the party may be making a “huge mistake” by not considering other viable candidates and simply anointing Harris as the nominee.

Drawing parallels to the 2016 election, O’Leary points out the dangers of assuming a candidate’s victory without proper vetting. He recalls how Hillary Clinton was similarly “anointed” as the Democratic nominee, only to lose to Donald Trump in a stunning upset.

The Importance of a Competitive Process

O’Leary emphasizes the need for a more rigorous nomination process, likening it to a business decision. He argues that considering multiple options is crucial for making the best choice, whether in business or politics.

“If I’m selling a business, I tell my managers, never bring me one offer, bring me a process. Show me there’s no other bid out there that I want. Then I’ll make my decision if I’m selling.” – Kevin O’Leary

The investor suggests that other potential Democratic candidates, such as California Governor Gavin Newsom, Michigan Governor Gretchen Whitmer, and Pennsylvania Governor Josh Shapiro, should have been given more consideration. By not exploring these options, O’Leary believes the Democrats may have weakened their position for the upcoming election.

Concerns Over Harris’ Economic Policies

Beyond the nomination process, O’Leary has also voiced concerns about Vice President Harris’ economic policies. In particular, he has criticized her proposed price-fixing policy for grocery stores as “beyond crazy,” arguing that such measures could lead to economic disaster.

“I’m an investor, so I have to work after election night with whoever is president, and I want them to be successful,” – Kevin O’Leary

O’Leary warns that Harris’ proposed increase in corporate taxes from 23% to 28% could severely impact America’s global competitiveness. He draws comparisons to failed price-fixing attempts in the 1970s and points to countries like Venezuela, Cuba, and North Korea as cautionary tales of such policies’ effects.

Looking Ahead

While O’Leary acknowledges that Harris may still win the election, he predicts that if she loses, the Democratic Party will be forced to reassess its nomination strategy. He suggests that the outcome of this election could have long-lasting implications for how the party approaches future nominations.

As the 2024 presidential race heats up, O’Leary’s warnings serve as a reminder of the high stakes involved and the importance of thorough vetting in the political process. Whether the Democrats heed this advice or stand by their choice remains to be seen, but one thing is certain: the upcoming election promises to be a closely watched and hotly contested affair.