The economic policies floated by Vice President Kamala Harris are still not landing well with parts of the business community, even as her campaign has yet to publish an official policy platform.
As previously reported by The Dallas Express, Harris has stated that she would like to pursue an interventionist strategy when it comes to the economy, throwing out ideas like price controls for groceries and tens of thousands of dollars in taxpayer assistance for first-time homebuyers.
Investor Kevin O’Leary of Shark Tank fame recently spoke with Fox Business about such notions, attacking them for the possibly catastrophic damage they could do to the economy.
The interview occurred on Wednesday, one day before Harris is expected to finally be interviewed by a journalist for the first time since President Joe Biden ended his re-election bid. The interview will be taped. It airs Thursday evening.
Here’s some of what Fox Business reported on what O’Leary had to say about Harris’ economic schemes:
Kamala Harris has yet to unveil her policies as the Democratic presidential candidate, but her “insane” and “un-American” economic proposals may be a dealbreaker for “Shark Tank” star Kevin O’Leary.
The “Shark” investor and O’Leary Ventures chairman did not mince words during his appearance on “Kudlow” Wednesday as he assessed the list of actions the Harris campaign has rolled out in recent weeks.
In an effort to combat the country’s unaffordable housing crisis, Harris proposed giving an average of $25,000 assistance to all first-time homebuyers.
According to the vice president, assistance would be given to more than 4 million people over four years if she were to win the election.
O’Leary criticized the “crazy notion,” arguing that “$25,000 free helicopter money is insane” and will “never happen.”
“Think about it. You have a shortage. You then flush more helicopter money from the sky. You cause inflation because if you’re the seller of a house and you’ve got 15 bids and you know that person has just received $25,000, you up your price 25,000, the price just went up,” he stressed.