Kevin OLeary Stuns Audience Never Invest in a Loser State

Kevin O’Leary’s Stuns Audience: Never Invest in a “Loser State” Like… [See Great Video]

Craig HueyCalifornia, Debt, Donald Trump, Economics, Free Markets and Socialism, Recession/Inflation Leave a Comment

Kevin O’Leary already made socialist’s heads explode when he warned people not to do business in California. See my article: Kevin O’Leary just Made Heads Explode: What States Not to Have a Business In. Now it’s New York.

Shark Tank’s Mr. Wonderful warns businesses and investors not to do business in New York.

Why?

New York State just told real estate developers and business owners that if the socialist government doesn’t like your politics or if you support the political opposition to the Democrat leadership, they will strip you of your wealth and destroy your business.

What did NY do to get O’Leary so fired up?

The NY State Attorney General’s office created a “victimless” crime and used it against one of New York’s most prominent and successful real estate developers in New York, Donald Trump.

New York’s Attorney General Letitia James campaigned and won her election, promising she would “Get Trump” if elected.

No Attorney General should target anyone… including a politician, she may hate.

She called Trump an “illegitimate President” and said that she would “take him down.” She also said he should be charged with “obstructing justice” and that she would “Shine a light on all of Trump’s business deals to uncover the dirt.”

She used the power of the AG’s office and millions of dollars of taxpayer money to “get Trump” by twisting an obscure state consumer fraud law and using it against Trump…

What was Trumped charged with?

According to James, Trump “committed fraud” by overinflating the worth of his properties (which he put up for collateral) to get favorable low-interest rates on his loans— rates that he wouldn’t have gotten if he didn’t overinflate the worth of his properties.

Now, anyone who has gotten a mortgage or loan knows that if you put up a property, the bank will send their appraisers to assess the worth of the property—They don’t just take your word for it.

Based on their assessment (and other factors like credit history, etc.), they prepare the loan… The bank sets the terms for the interest rates. If you both agree to the terms and rates, you take the loan.

That’s the free market. It’s a voluntary exchange. There is no coercion by a government bureaucrat. It’s how the U.S. works.

There were no victims who came forward to say they were harmed or swindled by Trump… because they weren’t.

In fact, the banks that the AG said were “harmed” and supposedly “swindled” said that they loved doing business with Trump, made a lot of money with him and that Trump paid back every loan on time and with interest—In other words they made a lot of money doing business with Trump.

Yet even though there were no victims, the trial proceeded, and Trump’s legal team was restricted in their defense.

For example:

  • Trump was not allowed to face a jury of his peers—There was no jury.
  • He was not allowed to present most of his evidence to show he did everything by the book.
  • The judge placed a gag order on him so he couldn’t discuss the case details to the public as a candidate running for the presidency.

Judge Engoron is a judicial activist and partisan Democrat who oversaw the case. He is just another “get Trump” NY official whom the AG handpicked for his anti-Trump bias. Not surprisingly, the judge found Trump guilty and ordered him to pay a fine of over $350 million. He also bared Trump form doing business in NY for 3 years.

This sent shockwaves out among NY businessmen and investors, so much so that Governor Hochul addressed the state on a local news show and to assure them, saying:

“I think that this is really an extraordinary, unusual circumstance that the law-abiding and rule-following New Yorkers who are business people have nothing to worry about, because they’re very different than Donald Trump and his behavior. By and large, they are honest people and they’re not trying to hide their assets and they’re following the rules.

And so, this judge determined that Donald Trump did not follow the rules. He was prosecuted, and truly, the governor of the state of New York does not have a say in the size of a fine, and we want to make sure that we don’t have that level of interference.”

However, investor Kevin O’Leary ripped into her response, and the case in general, vowing to no longer invest in the state.

O’Leary said during an interview with Fox Business:

“I’m sorry her [Gov. Hochul’s] words fall on deaf ears to everybody,” O’Leary said. “There’s nothing she can say to justify this decision. And this has nothing to do with Trump, nothing to do with Trump. Forget about Trump, this is not a Trump situation, this is a New York problem.”

“We’re very worried, every investor is worried because where is the victim? Who lost the money? This is some arbitrary decision a judge made,” O’Leary continued. “This policy … what does this say about the bar? About the legal bar in New York? Aren’t they going to question this judge? What is this?”

O’Leary said, “This award, I mean, just leaving the whole Trump thing out of it and seeing what occurred here … And I’m no different than any other investor, I’m shocked at this. I can’t even understand or fathom the decision at all. There’s no rationale for it.”

O’Leary told Neil Cavuto that New York was “already a loser state,” citing high taxes and uncompetitive regulation as primary reasons.

“I would never invest in New York now,” O’Leary said. “And I’m not the only person saying that. So, they’ve got lots of work to do to find themselves getting out of this situation. This has all occurred post-pandemic … winner states versus loser states– existing businesses and new ventures are going to different states such as Texas, Tennessee, and Florida.”

Trump responded to Oleary’s comments on Truth Social, writing, “Kevin O’Leary is so great, and tells it like it is. Businesses will flee NYC & State after the Corrupt Judge’s ruling!”

This whole case was unethical and was prosecutorial misconduct.

The NY Bar Association should disbar AG James for using her office to go after a political opponent of President Biden and for her own personal vendetta, and the judge should be removed.

Action Steps:

1) Click HERE to see Kevin O’Leary discuss with Neil Cavuto the impact of Trump’s fraud ruling on Fox Business News.

2) Help us expose corrupt judges. Judge Voter Guide evaluates and rates judges in every state, so you know who to vote for.

Would you please consider contributing to help us tell more voters which judges are radical-judicial activists and which are strict constitutionalists so we can help shift the politics and culture of our nation?

For just $10 dollars, you can help educate 670 people on how to vote for their values.

For just $39 dollars, you could expose one dangerous judicial candidate via targeted marketing.

For $100 dollars, you could help us run advanced online campaigns to help us drain the judicial swamp by distributing our critical voter guide to conservatives, Christians, and Republicans who don’t know how to vote their values.

And for $1,000 dollars, you could put a strict constructionist (conservative) judicial candidate in the top two in the next primary and help change politics in our nation.

The radical judges are destroying America… we can’t see political and cultural change in America without your help to change the judges.

Thanks in advance for your help and support.

And thanks for praying to turn America around.

Donate online HERE, call us at 615-490-8832, or mail a check payable to Turn America Around Fund to:

Turn America Around Fund

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