‘Who Pays for It?’: Shark Tank’s ‘Mr. Wonderful’ Points To ‘Waste’ in COVID Relief Bill
President Joe Biden’s $1.9 trillion COVID-19 relief plan is making its way through Congress, and businessman Kevin O’Leary is asking, “Who pays for it?” O’Leary, who was nicknamed “Mr. Wonderful” on “Shark Tank,”…
President Joe Biden’s $1.9 trillion COVID-19 relief plan is making its way through Congress, and businessman Kevin O’Leary is asking, “Who pays for it?”
O’Leary, who was nicknamed “Mr. Wonderful” on “Shark Tank,” appeared on CNBC’s “Squawk Box” Tuesday where he spoke about the stimulus bill.
“Where this bill fails is it does not recognize that a new Economy is emerging,” he said. “It’s trying to build back what we had in 2019 and early 2020.”
He added that “so much has changed” since.
After giving credit to Biden on COVID-19 vaccinations, O’Leary later said that the COVID relief plan “misses the mark in so many ways.”
He added, “So much waste,” noting elements of the bill include $300 million to COVID animal surveillance and $128 billion to the teachers union.
“There’s waste, waste, waste. And who pays for it?” O’Leary said. “The future. It’s just terrible to waste this money.”
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Additionally, O’Leary said on CNBC he does not believe people who are working should receive the stimulus checks. Rather, as he put it, those who are unemployed should receive more money.