KEVIN O’LEARY: Banana Republics are Bad for Business

Daily Mail Header

We are in uncharted waters. Donald Trump is a convicted felon. The whole thing is perverse.

The American brand has been dragged through the mud, sunk to the level of a banana republic where rulers take their political enemies out to the jungle to disappear.

This great nation now stands diminished in the eyes of international investors. And the economic consequences for ordinary Americans could be dire.

No doubt, this sordid trial โ€“ brought by partisan Democratic prosecutors in Manhattan โ€“ has already done serious damage to America’s credibility.

I was in London speaking to investors when Stormy Daniels was testifying on the stand โ€“ and all the audience members wanted to know was: ‘What on Earth does a porn star’s use of condoms have to do with campaign finance law?’

They were right.

The unjust persecution of Trump discredits the United States โ€“ and sends an urgent message to powerful business owners everywhere that, in Biden’s America, they too could stand trial on purely political grounds.

No one truly knows how much this conviction will sway November’s presidential election. Surely, if this verdict hampers Trump’s chances of winning in 2024, there might be cause for concern. And no one will be watching more closely than wealthy investors.

I, like so many others with sizeable investments, managed just two hours sleep Thursday night. For now I have to seriously consider: Do I move my money?

I certainly think there could be a real drag on investment in New York State โ€“ and City.

The trial has wounded New York’s once sterling reputation as the safest and most attractive finance capital of the world.

Real estate mogul Grant Cardone has already said he’ll never do business in New York City again after the Trump verdict.

He rightly questions why anyone would invest in the city if they can’t ensure fair legal treatment.

Why take the risk?

Byย KEVIN O’LEARY

Read Full Article on DailyMail.co.uk

Daily Mail
Daily Mailhttp://www.dailymail.co.uk/
At DailyMail.com you can feed your daily addiction with the biggest stories from news, politics, showbiz and everything else in between.

Columns

Trans-wormal

No worm ever said "I am anthropomorphizing, I am a butterfly" to a toad or flock of geese and expected acknowledgement and support.

In Greenlandโ€™s Icy Capital, Past Troubles Haunt Hopes for the Future

As geopolitical realities and ongoing economic growth raise the stakes, U.S. interest in Greenland and the dream of independence may change things in a big way.

How a Chinese Government Statistician Was Forced to Report Fake Data

Chinese local govt employee produced a non-authorized report on bees and was visited by police and threatened with being sent to a mental hospital.

โ€˜This One Time, at Groomer Campโ€™

All Camp Brave Trails programs focus on helping LGBTQ+ youth find what they need most to thrive: their people, their place, and their passion.

Why Recognizing a Palestinian State Now Undermines U.S. Interestsย 

A recent American Conservativeย article suggests President Trump recognize a Palestinian state, but this would undermine the interests of the United States.

News

Tax Deductions You Can Take Without Itemizing

Itโ€™s not always beneficial to itemize. With IRSโ€™s current standard deduction for 2025 most Americans who canโ€™t itemize go with standard deduction.

US Economy Adds 139,000 New Jobs in May, Topping Market Forecasts

U.S. economy added 139,000 new jobs last month, surpassing economistsโ€™ expectations and indicating U.S. labor market remains in a robust position.

Guatemalan Deportee Arrives in US After Judge Orders Trump Admin to Facilitate Return

โ€œAmericaโ€™s asylum system was never intended to be used as a de facto amnesty program or a catch-all, get-out-of-deportation-free card,โ€ McLaughlin said.

Trump-Musk Feud Escalates Over Spending Bill: 5 Things to Know

A public feud between Musk and Trump took a turn for the worse. Musk claimed president wouldnโ€™t have won without him and president suggested Muskโ€™s subsidies could be pulled.

Supreme Court Rules 9-0 Wisconsin Violated First Amendment by Denying Tax Exemption to Catholic Charity

Supreme Court ruled unanimously that WI violated the First Amendment by not granting Catholic charity an exemption from paying unemployment tax.

Appeals Court Rules San Diegoโ€™s Yoga Ban Is Unconstitutional

The city of San Diegoโ€™s ban on yoga classes in public parks and beaches was ruled unconstitutional by a federal appeals court.

Supreme Court Rejects Mexicoโ€™s Lawsuit Against Gun Companies

SCOTUS said gun companies should not face lawsuit in which Mexican govt was trying to hold them liable for cartel-related violence involving firearms from US.

FDA Not Recommending Newly Approved COVID-19 Vaccine: Official

FDA approved a new COVID-19 vaccine but is not recommending people receive it, the agencyโ€™s top vaccine officials said on June 4.
spot_img

Related Articles