O'Leary Is Sticking With the GOP, Calling the US the 'Default Economy'

Kevin O'Leary has indicated he will stay the course with President Donald Trump's Republicans going into the midterms. His reasoning is that of a fallback: in his view, no rival market gives global capital a better proposition.

Trump and the Republican Party went unmentioned by name, even though the contest now under way will decide which party controls Congress.

Why Does O'Leary Describe the US as the Default Economy?

The chairman of O'Leary Ventures, who is also an investor on “Shark Tank,” began by acknowledging the financial strain households are under. Only then did he recast the vote as a comparison between competing offers.

“I understand people are feeling financial pressure. But when I look at the choice in front of voters, I ask: what’s the better offer? The U.S. remains the default economy for investors around the world. With 52 cents of every internationally invested dollar coming here, I’m staying the course.”

Kevin O’Leary

“I understand people are feeling financial pressure. But when I look at the choice in front of voters, I ask: what’s the better offer? The U.S. remains the default economy for investors around the world. With 52 cents of every internationally invested dollar coming here, I’m…”

— Kevin O'Leary aka Mr. Wonderful (@kevinolearytv) November 2, 2026

No source was offered for the 52-cent figure. According to the 2025 Economic Report of the President, the US accounted for roughly 41% of global gross capital inflows, a measurement that covered 2022 and 2023.

Back in August, he described the economy as strong across the board — something Benzinga reported might work in the Trump administration's favor.

By December, though, his view was that Trump was selling his economic record prematurely, at a time when voters were still contending with inflation.

Earlier this month he made a further point: healthy corporate earnings do nothing to relieve the affordability squeeze on households.

Does the Default-Economy Case Survive a Disagreement From Voters?

Republicans go into the election defending a Senate majority of 53-47. Among the strongest headwinds facing the party in power are stubborn inflation, a war with Iran and slipping approval for Trump.

The economist Peter Schiff wrote on Oct. 22 that a crash before the election was a possibility, pointing to equity valuations and inflation.

BeInCrypto's S&P 500 midterm history records that, since 1982, the index has gained in the year following each midterm.

On Oct. 30, O'Leary also cautioned that the midterms might produce gridlock in Washington, which would affect crypto-friendly rules such as the Clarity Act.

Gridlock of that kind could also leave the market comparing his default-economy argument with the inflation and valuation dangers raised by critics including Schiff.