âMr. Wonderfulâ is on a media tour thatâs going to make New York as miserable as liberals want to make Donald Trump.
In the wake of Fridayâs appalling order by a New York state judge fining Trump $350 million for an imaginary crime without even imaginary victims, software entrepreneur and investor Kevin OâLeary, known to most Americans for his starring role on the âShark Tankâ reality show, took to the airwaves with a warning about what the ruling means for the Empire State.
And it doesnât mean anything good.
In interviews with CNN, âFox & Friends Weekendâ and Fox Business Network, OâLeary touted the same message: Supreme Court Judge Arthur Engoronâs ruling in the Trump case is going to do serious damage to New Yorkâs business future.
Trump was convicted in a civil case brought by New Yorkâs ambitious, Democratic Attorney General Letitia James of allegedly defrauding the value of his properties while using them as securities for business loans. The loans were repaid. There were no complaints from Trumpâs bankers. There were no victims.
There was only a progressive New York Democratic Party and self-evidently corrupt legal system out to bury a man for political reasons that have nothing to do with the rule of law.
âEven the governor herself is concerned about what this looks like to investors all around the world,â OâLeary told CNNâs Laura Coates on Monday. âItâs not just U.S. domestic. All around the world, people are talking about what happened here.
âDo you really think people want to invest money in New York after this?â
Check it out here. Coates, as can be expected from a personality on the leftist network, clearly didnât want to hear it.
He made the same point over the weekend on Fox.
âForget about the Trump factor,â he told âFox & Friends Weekend,â according to Fox News.
âItâs not about that. What does this say to everybody that wants to do work in New York and wants to risk capital? ⌠Itâs an atrocity. Itâs an embarrassment, but itâs an assault on real estate.â
In an interview Monday with Fox Business Networkâs Neil Cavuto on âCavuto: Coast to Coast,â OâLeary was even more brutal.
Heâs done with the idea of investing in New York â and he thinks financiers around the world agree with him.
âNew York was already a loser state, like California is a loser state,â he told Cavuto in a scathing summary.
âThere are many loser states because of policy, high taxes, uncompetitive regulations.
âIt was already at the top of being a loser state. I would never invest in New York now. And Iâm not the only person saying that.â
Check it out here:
An internationally known investor, OâLearyâs words shouldnât be taken lightly.
As he told Cavuto, according to Fox: âEach of us as investors, we vote with our capital.â
What happened in a New York courtroom on Friday was the kind of judicial fiat investors fear in the banana republics of South America or in African states where power resides in the junta with a gun rather than with the rule of law.
New York Gov. Kathy Hochul, a standout of an embarrassment even for a state with a history of embarrassments for governors, inadvertently proved the point in her statement on Engoronâs absurd ruling, attempting to explain why it shouldnât scare investors off.
âI think that this is really an extraordinary, unusual circumstance that the law-abiding and rule-following New Yorkers who are business people have nothing to worry about, because theyâre very different than Donald Trump and his behavior,â she said on a New York radio show Sunday.
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Hochul might be used to dealing with progressive Democrats, so she might be forgiven for thinking her audiences are stupid, but in this case, it no doubt included the leaders of some of the most powerful financial institutions in the world.
What they doubtless heard was âthis was just for Donald Trumpâ and made the next logical jump that, next time, âthis could just be you.â
One of the greatest strengths of the United States is investorsâ ability to rely on the centuries of integrity behind its legal system â the sanctity of contract law being a prerequisite for the success of capitalism.
Capitalism, unlike socialism, depends on the honor and productivity of the humans who engage in it. That means it needs laws to defend them. Socialism just needs a gun.
Engoronâs egregious ruling gutted that reliance â and put his own state on the level of backwater jungle countries where the rule of law means whatever the man in power says.
New York liberals might be celebrating Engoronâs atrocity now, but theyâre going to have a long, long time to regret it.
If they have any questions, OâLeary will be happy to explain.
This article appeared originally on The Western Journal.