Shark Tank star Kevin O'Leary says he supports Elon Musk's radical plan for Trump: 'Release the hounds'

Shark Tank prima Kevin O'Leary has said he backs Elon Musk's scheme to trim $2 trillion from national spending. 

The investor, who has a nett worthy of astir $400 million, said he would 'pay to spot nan movie wherever they unleash Elon Musk connected nan national government' during a Fox Business interview earlier this month. 

If erstwhile president Donald Trump wins a 2nd word successful November, he has pledged to name Musk arsenic caput of a caller alleged 'Department of Government Efficiency.'

The billionaire Tesla proprietor first outlined his scheme to aggressively slash national spending during a run rally successful New York earlier this month.  

He promised to place 'at slightest $2 trillion successful cuts' if Trump wins the election, successful a bid to tackle nan spiraling $34 trillion nationalist debt.

When asked astir this pledge, O'Leary said: 'That is simply a awesome idea. I 100 percent endorse this. He would do a awesome occupation for each azygous taxpayer. Release nan hounds. Let's go!'

O'Leary made nan comments connected October 14, aft being asked whether an outsider successful government, for illustration Musk, is capable to make cuts arsenic Trump claims he can. 

'Let's spell down nan checklist connected a bipartisan ground because this thought should activity for reddish and blue,' O'Leary said. 

'Is location fat successful nan national government? Check nan container connected that arsenic "yes" because location has ever been fat and nary 1 has really taken a weapon to it really yet,' he continued. 

Second connected his checklist was whether Musk has nan executional skills to propulsion this off. For O'Leary, nan reply to that is besides 'yes.'

He said that each thought that Musk brings to nan market, including starting companies for illustration Tesla and SpaceX, he executes on.

'I would salary to spot nan movie wherever they unleash Elon Musk connected nan national authorities successful looking for efficiencies,' nan investor added.

O'Leary past doubled down connected his comments successful a abstracted Fox Business question and reply earlier this week.

'I emotion nan conception of taking personification from nan extracurricular in, but you've sewage to person nan president backing this individual,' he said. 'This is simply a circumstantial instruction to spell place savings, different you won't beryllium taken earnestly by immoderate agency.'

He added: 'Let him successful location and past travel backmost pinch a shopping database of ideas and let's statement it.'

He added that Musk should spell moreover further, and look for much costs cutting to national spending. 

'We've sewage to spell find $2 trillion. We've sewage to spell find $5 trillion. We've sewage to fig retired really to lick this problem,' he added.

But immoderate experts person warned that $2 trillion successful cuts, which is astir a 3rd of national spending, would beryllium difficult to execute and could person melodramatic effects. 

Slashing nan fund that steeply would require decimating an array of authorities services, including food, wellness attraction and lodging aid, The Washington Post reported.

It could besides erode backing for programs that lawmakers successful some parties opportunity they want to protect, from defense to Social Security. 

Even Musk himself acknowledged successful a post on X, nan societal media tract he owns, connected October 29, that a play of economical turmoil could consequence from his projected cuts.

O'Leary's latest comments travel aft he sparked a heated guidance from CNN hosts aft claiming Kamala Harris was not democratically nominated. 

During a fiery sheet chat earlier this month, nan investor drew a parallel betwixt banal picking and nan action process for nan Democrat statesmanlike nominee. 

In banal picking, money managers get paid millions to prime stocks they judge will succeed. But contempt their lofty reputations, they mostly present little returns than those who simply put money into a money that tracks nan stock market.

For his analogy, O'Leary likened these money managers to nan mini group of elder Democratic leaders who anointed Harris. 

At nan aforesaid time, nan broader banal marketplace symbolized nan millions of mean Democrats crossed nan state who would usually prime nan campaigner via primaries.

'In banal picking, 88 percent of managers cannot hit nan S&P 500 twelvemonth successful twelvemonth out,' O'Leary said. 'So you springiness them $1,000, nan S&P thumps them. They can't prime stocks.'

'This is nan 2nd clip nan Democratic party has circumvented populist and chosen [a statesmanlike candidate],' he said.