TruthArchive.ai - Tweets Saved By @kevinolearytv
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I'm feeling overwhelmed by the poor management we've experienced. The numbers are disheartening; we've only seen a 1.4% growth over the entire decade, which is unprecedented for Canada. It raises the question of why anyone would want to continue down this path. I see Trudeau as ineffective, with Butts and Telfer driving the policies. Their focus on creating a green utopia, with no energy development or pipelines, worries me about Canada's economic future.
@kevinolearytv - Kevin O'Leary aka Mr. Wonderful
We have just been slaughtered with bad management. It's, it's so depressing to look at the numbers. They don't lie. This isn't emotional. We actually only grew 1.4% in a decade. Not per year, in the whole decade. No one has ever done that, ever before, to Canada. Why would anybody want more of that? I just don't understand it. Trudeau is an empty suit. He was the idiot king. It's so unfortunate for Canada. Butts did all the policy, along with Telfer. And so they're still there. Butts is hell-bent on turning Canada into a green utopia. No energy, no pipelines, no development of resources. I don't see Canada surviving as an economy with these policies amped up. @DanielaCambone
Video Transcript AI Summary
This election is about the heart and soul of the country's economy. Canada's economy only grew 1.4% in a decade, which is unprecedented.
Gerald Butts was instrumental in helping Trudeau win and is now helping Carney's campaign. Butts was the policymaker behind Trudeau, who was an "empty suit." Butts is determined to turn Canada into a green utopia with no energy, pipelines, or resource development. He wants to take carbon taxes off the consumer and double down on business, making Canada the most uncompetitive place to invest. It is claimed that Canada cannot survive economically with these policies.
Full Transcript
Speaker 0: It's gonna be the the most important election. Of course, every election is important, but this one is about the heart and soul of the of the country's economy and the benefit of the Canadian people. I mean, we have just been slaughtered with bad management. It's it's so depressing to look at the numbers. They don't lie.
This isn't emotional. We actually only grew 1.4% in a decade, not per year in the whole decade. No one has ever done that ever before to Canada. And so why would anybody want more of that? I just don't understand it.
Speaker 1: And you have been speaking out about the role of Gerald Butts, how instrumental he was in helping Trudeau win and how he is now helping Carney's campaign. The question is, can he once again seal the deal?
Speaker 0: I mean, bring up a good point with Butts. Butts was the policymaker behind we've all learned now, unfortunately, that Trudeau was an empty suit. That's he was the idiot king. It's so unfortunate for Canada. Butts did did all the policy along with Telfer, and so they're still there.
Butts is self declared. He's hell bent on turning Canada into a green utopia. No energy, no pipelines, no development of resources. That's not what Canada is in Butts' utopian vision. And, you know, look, everybody's they can have an opinion, but I don't see Canada surviving as an economy with these policies amped up.
And all he did was say, look. Let's just take the carbon taxes off the consumer, and let's double down on business. Let's make our economy the most uncompetitive place to invest on earth.
@kevinolearytv - Kevin O'Leary aka Mr. Wonderful
Had an interesting conversation with @thelauracoates She is a rising star in the new @cnn lineup. She is also a lawyer so she knows exactly what is at stake in #NY States $355 million penalty decision and what it means for New York's ability to compete in the future #loser states https://t.co/YJmlvQyHwq
Video Transcript AI Summary
Kevin O'Leary discusses the $355 million fine on Trump, questioning the impact on NY's reputation. He argues the case sets a dangerous precedent for developers. O'Leary emphasizes the need for better management in NY to avoid becoming unattractive to investors. He criticizes the judge's decision, highlighting the lack of financial loss and the potential consequences for entrepreneurship in America. The conversation shifts to the appeals process and the uncertainty surrounding future prosecutions in NY. O'Leary dismisses the idea of buying gold sneakers and prefers collecting watches. The interview ends with a discussion on business and branding.
Full Transcript
Speaker 0: Well, let's bring in the chairman of O'Leary Ventures, Shark Tank Judge Kevin O'Leary. Kevin, so good to see you this evening. I mean, let me just jump right in here. Last time you and I spoke about the possibility of what the fine could be in this case, we now know what it is. It's more than $350,000,000 That's a huge financial hit, and I'm I'm wondering, where is he gonna get this money?
Speaker 1: Actually, it's closer to half a 1000000000 with a 9% interest, assuming it'll take 18 to 2 years to actually settle this in an appeal, which I think it should be appealed. He'll work hard to raise it. I think he can do it. But I don't think this case is about Trump anymore at all, because you heard the governor of New York come out yesterday and say, look, everybody, don't be scared about doing business in New York, because the only people we prosecute are people like Donald Trump who don't behave well. That didn't go over very well with the investment community because we're all asking each other, who's next?
This was a victimless crime. Nobody lost any money. And a judge out of nowhere put on a $355,000,000 penalty. I mean, who's next? So if you
Speaker 0: think about the before I I don't wanna cut you off, but I hear about the the so called victim as crimes, but the laws on the books, falsification of business records and second degree, issuing false financial statements, insurance fraud, conspiracy, and all these different aspects of it, those are actual crimes. I take it your point is that these should not have been prosecuted?
Speaker 1: Well, my point is there's never been a case like this in 75 years. Everything you just listed off is done by every real estate developer everywhere on earth in every city. This has never ever been prosecuted. But here's the real point that people in New York should concern themselves with. You can put your money anywhere.
I'm a real estate developer. Do you think that I would ever take a chance on New York again? New York is turning itself into a flyover state. If I were New York today and I was living there, I would ask myself, maybe we should hire better management. Why is this happening to us?
Why are we becoming a flyover state? Why are investors concerned about putting their money there?
Speaker 0: But shouldn't you ask them wouldn't wouldn't those people also be saying, first of all, I do wonder how many people take issue with the idea that every investor is engaged in falsifying business records, that every investor is engaged in what has been accused of Donald Trump and the Trump Organization.
Speaker 1: Excuse me. What fraud? I don't I this is not about Trump anymore. When you get a developer when you get a developer that builds a building and he says it's worth $400,000,000 and he wants to borrow 200,000,000 from a bank, which happens every day, everywhere on earth, including every American city, every developer is an entrepreneur. They shine the light on their building, and they say it's worth 400.
The bank does its own due diligence as was done in this case because they're very good at it. The banks are very good, and they say, no. It's worth 300. We're only going to loan you 150,000,000. That haddling has gone on for decades.
That's how it works. And then in this case, even the bank that was supposedly defrauded testified and said, we didn't lose anything. We want to do business with this guy again. We'd like to, but the judge said, no. No.
No. No. No. No. Let's penalize this developer for 355,000,000.
And if we're going to do that, let's penalize all the developers all across America. They've all done the same thing. All of them should go to jail, and we should stop building buildings. That's what the message is from New York. Even the governor herself is concerned about what this looks like to investors all around the world.
It's not just US domestic. All around the world, people are talking about what happened here. You really think people want to invest money in New York after this? How about we go somewhere else? I think there are people
Speaker 0: who would I don't wanna cut you off, but I I wanna converse with you as Seth.
Speaker 1: Just did.
Speaker 0: I it's only because I wanna have a conversation, Kevin. I respect you. To just
Speaker 1: having you tell me because you're a lawyer. You're a lawyer. You understand exactly what I'm talking about.
Speaker 0: I gotta tell you, I'm respectable for a number of reasons, Kevin O'Leary, but being a lawyer is one of those issues. But I'll tell you, when I when I hear your conversation, and I do wanna converse with you about this point.
Speaker 1: Well, I ask you who lost money, and I'll make it even clearer. You and I, we're developing a data center together. And I say to you, we can go to New York where this just happened. It's your money now. You're now an investor and you're taking risk.
You're an entrepreneur with me right beside me. We're together on the deal. Or I can show you Oklahoma, North Dakota, West Virginia, where the governors actually ran businesses. Let's go there where this never happened before. They have power.
They have permits. They've got legislation that's supportive of entrepreneurship. Why would we go to New York? Why take the risk? My only point is, did we just diminish the great state of New York and the great people of New York, and shouldn't they ask for better management so they don't become a flyover state?
Remember, New York has the highest taxes in the country, the worst regulatory environment, and it's incredibly mismanaged. And I'm pointing out now on top of that, you get this insanity, a victimless crime. And forget about Trump. It's not about Trump. I don't care about Trump in this.
I care about America, and I care about entrepreneurship, and I care about democracy and the fairness. The judicial system is now being criticized. People are asking themselves, the bar of New York, is this judge rational to charge 355,000,000 in a case where no one lost any money? Is that good for the people of New York? Should the people of New York wake up to this and say, what's happening to us?
Why is this becoming so perverse? Why are we the focus of this injustice? And I have nothing to do with Trump. I'm not supporting Trump. I'm supporting American entrepreneurship.
And New York is slowly becoming the number one loser state in America. I'm sorry. That's what's happening.
Speaker 0: Well, that's news to the city that doesn't sleep, but I'll tell you what, the governor has said that legitimate business operations have nothing to worry about. I, as an attorney, am looking at this issue, wondering what the appeals process will look like because they're going to delve into that very topic that you have raised. They're going to talk about perhaps the novelty of this being as you describe, not brought on behalf of, you know, unsophisticated consumers who may have been duped, but decisions made by loan entities who wanted to engage in business with this particular organization. That'll be more important. Go ahead.
Put your hand up.
Speaker 1: My hand. I want to put up my hand and ask governor, who's next? Who are you going after next?
Speaker 0: You want your hand up for that, Kevin? Put your hand down if that's the question.
Speaker 1: What do you mean? Every every entrepreneur in New York is saying, am I next? Who's next?
Speaker 0: Well, let me ask you this, because I you don't wanna talk about Trump, but I have to ask you because you're a businessman who likes to talk about licensing. Do you currently own or will you be buying one of these gold sneakers?
Speaker 1: Thank you. No. It's very expensive. Very expensive. But you have to hand it to the branding.
Yeah. Okay. You have to hand it. I collect watches. 2 of them right here.
I'd rather buy a watch.
Speaker 0: Do you have 2 watches? Okay. Well, you know what time it is. Alright. Fine.
Kevin O'Leary, I'll let you and your 2 watches go. We'll talk again. There'll be other times for us to speak. Thanks, Kevin.
Speaker 1: Take care. Bye bye.
@kevinolearytv - Kevin O'Leary aka Mr. Wonderful
I lost millions as an investor in @FTX and got sandblasted as a paid spokesperson for the firm but after listening to that interview I’m in the @billAckman camp about the kid! https://t.co/5lWzTT7JEv