Investor and entrepreneur Kevin O’Leary believes the media hysteria over President Donald Trump’s every move clouds the real picture of the “remarkable” things he has accomplished.
O’Leary, who appears on ABC’s “Shark Tank,” had high marks for the president and his regulation policy amid all the negative coverage he receives daily from the mainstream media.
“I would say on a policy basis, I’m going to have to give it an 8 1/2 out of ten so far,” O’Leary told Hill.TV’s Buck Sexton on “Rising.”
“The reduction of regulations has been remarkable in how it has accelerated small business,” he said. “These things are quietly being changed, and I really — I credit the administration for doing this. They’re making it easier to run a small business in pretty well every state I’m involved in. So that’s working.”
“Shark Tank” star Kevin O’Leary praises Trump for cutting regulations https://t.co/5YUfNlyscr pic.twitter.com/TeQvZ7Lb4Z
— The Hill (@thehill) July 24, 2018
O’Leary, whose investment portfolio includes more than 34 firms, noted that he invests in private companies across the nation.
“We’re having one of the best years we’ve ever had — not because of tax reform yet, that’s coming, that’s the upside in the next year or so,” he said.
The president’s economic plans got more praise from O’Leary in an op-ed he wrote for The Hill entitled, “Advice from a shark: Ignore the Trump circus, focus on Trump policy.”
“Trump is like no president before him: not good, not bad, but different,” O’Leary wrote. “Want to manage through the turmoil? Here is a better strategy. Ignore the noise and watch the policy.”
That policy, according to O’Leary, is “crystal clear” with “competent managers tasked with executing directives,” such as Commerce Secretary Wilbur Ross, Director Larry Kudlow and Treasury Secretary Steven Mnuchin.
Despite the constant negativity Trump receives for his tough stance on trade, the markets are not reflecting what the critics are crying about, O’Leary noted.
“So why has the market not corrected, and why have many stocks continued to hit all-time historic highs?” he asked. “Because the potential to equalize tariffs has such tremendous economic upside for the U.S. economy, investors are willing to put up with pain even if the chance of success is only 50 percent or less.”
“My best advice in these extraordinary times? Tune out the circus and focus on the policy that actually gets implemented,” O’Leary said.
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Frieda@bizpacreview.com
Originally from New York, Powers graduated from New York University and eventually made her way to sunny South Florida where she has been writing for the BizPacReview team since 2015.
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