Chairman and renowned O’Shares Investment Advisors Shark Tank investor Kevin O’Leary says that Rep. Alexandria Ocasio Cortez (D-NY) Opposition to Amazon.com, Inc AMZN Building a regional headquarters in New York City has cost the city thousands of jobs.
In an interview with CNN, O’Leary said that the blue states in the US are “uninvestable” thanks to regulations made by politicians.
Of opposition from elected officials, particularly AOC, O’Leary said, “She’s great at destroying jobs. It kills thousands of jobs. Where has Amazon taken their jobs? They took it away from her. She threatened to sue them if they created jobs.”
FoxNews quoted CEO of the Job Creators Network Alfredo Ortiz In 2020, she said that AOC’s campaign had cost the city “25,000 well-paying jobs” and that it “sent a message to job creators everywhere that they were no longer welcome in their city.”
According to the report, he and other investors are reluctant to invest or expand their businesses in blue states like New York or California because of the poor business environment.
Also read: Shark Tank’s Kevin O’Leary has some advice for retail workers, but it doesn’t go over well
“I no longer use companies here in New York, Massachusetts, New Jersey or California. These states are not investable. The politics here is crazy. The taxes are too high. We put them in Fargo, North Dakota because 40% of people work elsewhere, including Boston,” he said.
“I had a project in upstate New York behind the power grid in Niagara Falls – a global data center that we were building. Eventually things got so bad with the politicians in the region and state politics that we moved all the jobs to Norway,” O’Leary added.
Referring to the current state of the economy and the latest US jobless numbers, O’Leary said the numbers combined with an unemployment rate of 4% make for “an extraordinary economy” in which “we each…
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