"Every Taxpayer Wants Accountability, And This Plan Delivers," Says Kevin O'Leary, Backing Donald Trump's Plan To Possibly Scrap FEMA

In an unexpected turn of events, entrepreneur and TV personality Kevin O'Leary has thrown his support behind President Donald Trump's plan to overhaul or even scrap the Federal Emergency Management Agency (FEMA). O'Leary's endorsement comes amidst growing debate over the effectiveness of FEMA and Trump's proposal to shift disaster relief funding directly to state governments. On social media and in a Fox News interview, O'Leary said Trump's plan is "smart" and "efficient." He explained that giving state governors control of disaster money, along with clear rules to track spending, would make things more transparent. "Every taxpayer wants accountability, and this plan delivers," he wrote.

Trump's FEMA Criticism and Vision for Reform

Trump has been very critical of FEMA, saying it's not doing a good job and has too much red tape. During a visit to hurricane-hit North Carolina last week, Trump stated bluntly, "FEMA has turned out to be a disaster. I think we recommend that FEMA go away. I think, frankly, that FEMA is not good." He suggested redirecting disaster relief funds straight to state governors, whom he views as the CEOs of their states, capable of managing resources more effectively. An executive order issued by Trump lays out a plan for a 20-member council that will be led by the secretaries of Defense and Homeland Security to evaluate FEMA and propose reforms within 180 days. While the White House clarified the review is aimed at reform rather than immediate elimination, Trump's sharp criticism has sparked intense discussion about FEMA's future.

Trump's proposal to overhaul FEMA is seen by some as part of a broader strategy to disrupt government agencies. Critics argue that dismantling FEMA would set disaster management back decades, returning to a fragmented system where states struggled to manage large-scale emergencies. During his visit to disaster-stricken areas in North Carolina and Southern California last week, Trump's remarks about FEMA drew fire for undermining emergency workers and ignoring the agency's critical role. However, O'Leary and others see merit in Trump's plan.

O'Leary Highlights Inefficiencies of FEMA's Bureaucracy

O'Leary highlighted the inefficiencies of FEMA's bureaucracy, pointing out that disaster funds often fail to promptly reach those in need. By shifting disaster relief funding directly to state governments, along with clear rules to track spending, the plan aims to make things more transparent and efficient. O'Leary praised Trump's vision of milestone-based funding, saying it ensures transparency and effective use of taxpayer money. "Every taxpayer wants accountability, and this plan delivers," he wrote.

O'Leary's investment philosophy emphasizes stability and predictability, making his endorsement of Trump's FEMA reform plan an interesting development. By supporting a plan that aims to increase transparency and accountability in disaster management, O'Leary aligns with his investment philosophy, which values predictability and stability. If implemented, Trump's plan could lead to more efficient and effective disaster management, potentially reducing long-term costs for investors and improving the investment landscape.

In conclusion, Kevin O'Leary's endorsement of Donald Trump's plan to overhaul or even scrap FEMA highlights the potential benefits of increased transparency and accountability in disaster management. By supporting a plan that aligns with his investment philosophy, O'Leary demonstrates his commitment to promoting stability and predictability in the investment landscape. If implemented, Trump's plan could lead to more efficient and effective disaster management, potentially reducing long-term costs for investors and improving the investment landscape.