LA Riots' Unseen Financial Impact on Small Businesses Exposed by Kevin O'Leary
Headline: L.A.'s War Zone: Kevin O'Leary Slams Poor Management Amid Anti-ICE Riots
Kevin O'Leary, the chairman of O'Leary Ventures and "Shark Tank" investor, blasted the handling of California, specifically Los Angeles, as he weighed in on the ongoing anti-ICE riots that have turned the deep blue city into a "war zone."
In an interview on "Varney & Co", O'Leary expressed his concerns, stating, "If you're a small business... and you see these images of windows being smashed, cars burnt, baseball bats on someone's property, this is not good management of a state, obviously."
Small businesses in Los Angeles, already under pressure, may suffer significant financial damage as shoppers avoid the area to steer clear of the unrest. Businesses in immigrant communities hit particularly hard, slow to recover due to the turmoil and fear.
O'Leary explained, "The damage isn't as physical as it is financial. People don't go shopping downtown when they see cars burned, windows smashed, and unrest."
The anti-ICE riots, erupting last Friday and ongoing, have left cars in flames, and law enforcement arresting unruly individuals. President Donald Trump activated 4,000 National Guard troops and sent 700 U.S. Marines to the city to restore order.
Critics like California Governor Gavin Newsom have argued that the decision threatens state sovereignty while Newsom insists that the federal involvement has inflamed the issue. Newsom has vowed to prosecute violent anti-ICE protesters to the full extent of the law while also criticizing Trump for a "brazen abuse of power."
O'Leary refrained from commenting on who is politically "winning" but stated, "The people of California are losing. They should really look at themselves in the mirror and say, 'What the hell are we doing?'"
The L.A. O'Leary knew 20 years ago seems a distant memory. The once vibrant city now finds itself mired in strife and uncertainty, with the impact on small businesses being acute and far-reaching.
Small businesses in Los Angeles are struggling financially due to the ongoing anti-ICE riots. The unrest and violence in the city are causing shoppers to avoid the area, potentially causing significant financial damage to small businesses.
Kevin O'Leary, a prominent figure in finance and business, has expressed concerns about the impact of the riots on small businesses in Los Angeles, suggesting that the current state of management and the ongoing unrest are not conducive to a thriving business environment.
