Kevin O’Leary Says Bidenomics Is ‘Starving Small Businesses’ [Video]

Shark Tank TV star and Canadian investor Kevin O’Leary joined Fox News on Wednesday where he criticized President Joe Biden‘s new economic plan for “starving” small businesses in the United States.

At the beginning of the segment, Emily Compagno cited a report from Fortune magazine that claimed more Americans are cutting back on personal hygiene products as a sign of lasting inflation. O’Leary followed up with pointed criticism of ‘Bidenomics’ and claimed that the lack of help for small businesses is hurting the economy.

“The problem with the policy so far and the multiple bills, including the CHIPS Act and of course, the anti-inflation act, whatever you want to call it, is just massive spending, but it’s the target of where that spending went,” O’Leary told the Fox panel. “Most of it’s going to the S&P 500 companies. They’re important. They’re big employers in America. However, they only represent 40% of the economy. What we haven’t seen as the unintended consequence that’s now we’re seeing is that …