O’Leary Ventures Chairman Kevin O’Leary weighs in on Democrats’ messaging regarding wealth and Zohran Mamdani’s campaign on ‘Varney & Co.’
Kevin O’Leary’s Brutal Wake-Up Call: How Democrat Policies Are Shredding the American Dream and Crushing Economic Freedom
O’Leary’s takedown begins with Harris’ housing handout, which he warns will backfire spectacularly. In a viral video clip shared widely on conservative platforms, he explains the basic economics: “If everyone suddenly has an extra $25K to throw around, what do you think happens? Prices go up by exactly that amount.” He draws from personal experience, noting his own Gen Z kids are struggling in the market, but handouts won’t help—they’ll fuel inflation and make homes even less affordable. This aligns with broader conservative critiques of Democrat spending sprees, like those under Biden-Harris that conservatives blame for record inflation. O’Leary, speaking on Fox News’ “The Story,” emphasized that such policies tamper with the core of the American Dream: hard work leading to ownership, not government giveaways that distort markets. Continued below this next clip Kevin O’Leary posted
The face of the Democratic Party, and he’s a friggin’ communist. That’s not the right direction. I called him up and said, “I wanna meet with you.” He apparently is not here, he’s in Uganda. His people blew me off. Well, I bring money, I bring jobs. Maybe you might want some of those, maybe? Maybe you should talk to guys like me. I hope I do meet with him when he gets back.
The face of the Democratic Party, and he’s a friggin’ communist. That’s not the right direction. I called him up and said, “I wanna meet with you.” He apparently is not here, he’s in Uganda. His people blew me off. Well, I bring money, I bring jobs. Maybe you might want some of… pic.twitter.com/hRoN2enBZs
— Kevin O’Leary aka Mr. Wonderful (@kevinolearytv) July 23, 2025
As he put it in an X post, this is “a disaster waiting to happen,” underscoring how leftist interventions ignore supply and demand, ultimately hurting the very people they claim to help. But O’Leary’s logic extends far beyond housing. He’s been vocal about the Biden administration’s role in the U.S. credit rating downgrade by Fitch in 2023, which he called “bad” with “no way to sugarcoat it.” In a Fox News interview, O’Leary warned that losing faith in the U.S. dollar and Treasury bills—due to fiscal deterioration, heavy debt, and governance erosion under Democrats—will raise borrowing costs for everyone. “Your car loan just went up from five to somewhere between seven and nine percent,” he said, directly tying it to higher mortgages and deficits ballooning from 3.7% to 6.3% of GDP.
This downgrade, conservatives argue, stems from Biden’s reckless spending on green energy boondoggles and welfare expansions, eroding America’s financial standing globally. O’Leary’s investor perspective cuts through the spin: higher capital costs mean less investment, fewer jobs, and a dimmer American Dream for working families. O’Leary doesn’t stop at federal follies; he targets state-level Democrat socialism, particularly in New York. In a fiery X rant, he blasted Assemblywoman Zohran Mamdani’s proposals for free buses, rent freezes, and sky-high taxes as a “socialist experiment” wrapped in “feel-good slogans that ignore economic reality.” “Wealth is leaving. Developers are flying over New York, not investing in it,” he declared, arguing these policies punish success and “quietly destroy” the city’s future.
This echoes conservative warnings about blue-state exodus, where high taxes and regulations drive businesses to red states like Florida and Texas. O’Leary, who invests across the map, says he avoids New York because “you can’t get it done” under such regimes, a direct hit on Democrat governance that prioritizes equity over enterprise. Even prominent Democrats aren’t spared O’Leary’s sharp analysis. He has “tremendous respect” for Rep. Alexandria Ocasio-Cortez (AOC), buying her “Tax the Rich” T-shirts as ironic proof that “inside every socialist is a capitalist trying to get out.” But he slams her as embodying the “American nightmare,” claiming she “doesn’t believe that people should succeed in wealth” and opposes capitalism—the engine of the American Dream.
In conservative eyes, AOC’s Green New Deal and wealth taxes represent the radical left’s assault on meritocracy, which O’Leary counters by promoting aspiration and hard work. He ties this to broader Democrat failures, like the party’s post-2024 election soul-searching after Trump “stole the working man” vote. “What they can’t understand is how Trump did it,” O’Leary said on X, crediting Trump’s appeal to unions and blue-collar workers that Democrats abandoned with their woke agendas.
O’Leary’s critique of the Biden-Harris era is equally damning. He ripped Hunter Biden for tarnishing the family brand, calling it “very disrespectful” amid Joe’s health issues, implying a lack of accountability in Democrat circles.
On the 2024 election debacle, O’Leary argued Democrats should have run a proper primary instead of coronating Harris, who “got slaughtered” and dragged the brand down 15 points. “Next time maybe she can run and see if she can win. I bet you she has no chance,” he quipped, highlighting how insider elites like Pelosi and Obama botched it.
This resonates with conservative narratives of Democrat corruption and disconnection from everyday Americans, contrasting with Trump’s “champion of the working man” status. Broader economic woes under Democrats fuel O’Leary’s arguments. He warned on Fox News that the housing market faces a “unique problem” with median prices at records, blaming regulatory hurdles and inflation—hallmarks of leftist policies.
In international trade, he criticized Canada’s former PM for weak leadership on energy and crypto, but praised Trump’s tariff strategies as a path to economic union against China.
O’Leary’s bipartisan investor lens—”I have to be bipartisan because I invest in blue states”—lends credibility, but his conclusions align squarely with conservative values: stable policy, low taxes, and free markets over government meddling. At its core, O’Leary’s logic is simple yet profound: Democrat policies like wealth taxes, handouts, and regulations stifle innovation and reward failure, killing the American Dream. As he told Fox News, “For all of its faults, there’s only one America,” urging optimism in U.S. leadership in AI, investment, and education despite leftist pessimism.
Conservatives see this as vindication—O’Leary’s success proves capitalism works, while Democrat socialism fails. With Trump back, O’Leary’s warnings could guide a revival, but Democrats ignore them at their peril. As he says, “Don’t mess with the American Dream.”
Links
Sgt K and Mal Antoni at Whatfinger News. Heavy use of video and Fox Links
More from Kevin O’Leary
I think that’s one of the problems in branding the current Democratic Party and many of them believe, to get back in the race, they’ve got to find a more centrist narrative. When you start attacking wealthy entrepreneurs in America, you’re basically going to war against the American Dream and that, even for Democrats, doesn’t feel good. The country, for over 200 years, has become the most successful economy on Earth through all the trials and tribulations because the essence of the American Dream, the promise that if you come to America and you work hard, you can move ahead and provide freedom, financial freedom to your family. That’s never going to change, ever.
I think that’s one of the problems in branding the current Democratic Party and many of them believe, to get back in the race, they’ve got to find a more centrist narrative. When you start attacking wealthy entrepreneurs in America, you’re basically going to war against the… pic.twitter.com/gnca1pS17L
— Kevin O’Leary aka Mr. Wonderful (@kevinolearytv) August 11, 2025
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