“Shark Tank” sta recently praised former President Donald Trump, attributing the preservation of America’s entrepreneurial landscape and key economic structures to his policies. Speaking during Tuesday’s election night coverage, O’Leary emphasized Trump’s impact on the economy.
“He saved entrepreneurship. He saved the entire model of the S&P 500 because taxing 20% higher was a really bad idea, and it self-corrected… This is why I’m getting on a plane tour, and I intentionally didn’t leave until tomorrow night, so I could go to Geneva, go to Abu Dhabi… and say it’s 21% corporate taxes, [that’s] 100% not going to change. That is very important for people like me that bring capital back to this country. It fixed itself, and I think that’s why America works and has worked for 200 years,” O’Leary remarked. “That is very important for people like me that bring capital back to this country. It fixed itself, and I think that’s why America works and has worked for 200 years.”
Stocks and Bitcoin Rally on Election Results
Following Trump’s victory over Vice President Kamala Harris in one of the most hotly contested elections in U.S. history, stocks surged. The Dow Jones Industrial Average opened with a 1,000-point rise on Wednesday, reflecting investor confidence in the nation’s future economic path. This leap followed Trump’s early-morning speech in Florida, where he thanked supporters and vowed to restore the nation’s prosperity.
Bitcoin also responded positively to the election results, showing an exponential rise as markets reacted to Trump’s projected influence on the economic landscape.
O’Leary’s Unconventional Praise for Trump: “A Thank You from Democrats”
Ahead of the GOP’s White House win, O’Leary underscored the broader implications of Trump’s victory, suggesting that Democrats should also recognize his contributions.
“What’s happened here is the system self-corrected,” O’Leary stated during the live election coverage. “When you try and break the American model, it fixes itself, and I think people should give [him] credit within the Democratic Party. Donald Trump saved them tonight, too, because they’re going to have to take a spatula to these policies and bring it back to the center over the next four years and, in a way, reset.”
O’Leary didn’t hold back in stating that Trump’s impact extended beyond the GOP.
“Whether you love Trump or you hate him, every Democrat owes him a ‘Thank you very much, Mr. President,’” O’Leary added.
Criticism of Harris and the Call for Economic Realignment
Throughout Harris’ campaign, O’Leary was outspoken about his concerns regarding her economic strategies. He was especially critical of her proposals to control prices in response to alleged “corporate price gouging.” He noted that such measures could stifle the very spirit of entrepreneurship that Trump helped foster.
Furthermore, O’Leary expressed disappointment in the Democratic Party’s decision to “anoint” Harris after President Biden declined to seek re-election, highlighting his belief that her policies might stifle business innovation.
Trump’s Historic Comeback
Trump’s win marks a milestone, as he becomes the first president since Grover Cleveland to serve non-consecutive terms. His return to the White House signals not just a victory for Republicans, but a shift in the political and economic landscape that many, like O’Leary, see as pivotal for the future of U.S. entrepreneurship and corporate stability.
Senator Ron Johnson, R-Wis., echoed this sentiment, noting that Trump’s leadership has led to a “complete realignment” of American politics, with Republicans identifying priorities to propel the nation forward.
