In an interview with Cavuto: Coast to Coast on Fox News, Shark Tank's Kevin O'Leary said political mistakes have caused San Francisco's demise, likening it to a "wasteland."
“Walk around San Francisco. It is not America anymore," O'Leary said. "It just isn't."
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O'Leary discussed businesses shutting down in the city, including those that closed due to the recent minimum wage hike to $20 per hour.
“What a wasteland. All of these places shutting down," O'Leary said. "It is not a partisan argument. When a Walgreens shuts down and a drug store shuts down and a convenience store shuts down, a bodega shuts down, that's nothing to do with whether you're blue or red."
O'Leary also mentioned the issue of safety in the city, stating that if you're in the city, "You have to take an Uber one block to your hotel, or you get executed."
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O'Leary placed much of the blame for the downfall of San Francisco on California Governor Gavin Newsom, because you have to "blame the top manager," adding that he lacks executional skills.
“I think Gavin Newsom, for his interest in running for president, should probably fix California now, because everybody in the country has figured out that place is a disaster,” O'Leary said.
O'Leary, known for investing in startups like those that appear on Shark Tank, told Fox News that he no longer invests in startups in California.
“It is not a place to do business," O'Leary said. "It's not in business."
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