Mark Cuban Explains Why He Changed His Mind About Trump

Tyler Durden's picture

Bloomberg's Ira Boudway details an email conversation about Donald Trump and Hillary Clinton with Mark Cuban - the billionaire NBA owner and Shark Tank star...

After Donald Trump announced his candidacy in 2015, Mark Cuban—the billionaire NBA team owner and Shark Tank star—called him “probably the best thing to happen to politics in a long, long time.”

 

A year later, Cuban endorsed Hillary Clinton at a rally, asking: “Is there any bigger jagoff in the world than Donald Trump?”

 In August, I exchanged e-mails with Cuban about why he switched sides.

BW (8/4/16): Why did you decide to endorse Clinton?

Cuban: When Trump first declared his candidacy, I was truly excited about the possibilities. I liked the idea that someone from outside the realm of traditional politics was making a run for the presidency. I liked the idea that he was unrehearsed and still think in the long run the country will learn quite a bit from his campaign. I also had a very strong dislike for Ted Cruz. I was an “anybody but Cruz” voter. Cruz is a smart demagogue. To me that is a very dangerous combination. So in my initial support for Trump, it was very much in a hope that it would prevent Cruz from being nominated.

 

My comments about Trump and my opposition to Cruz led to my being able to talk to Trump over the phone and via e-mail by way of one of his assistants. In those conversations, I was clear to Donald that I didn’t agree with most of what he said. I also got the chance to ask him some poignant questions along the way that I think were very telling. I asked him if he realized that the job would entail making decisions that could lead to the death of our service people. I asked him about going to small businesses so he could connect and show people his business skills. I’m not going to share his responses, but I learned more about him from those responses.

 

Once he won the Republican primary, I honestly expected that he would start to become more businesslike. That he would start to add details to his top-line proposals. That he would demonstrate that he was learning the issues that he could face as president. I didn’t see him making progress or even effort on any of those fronts. But that alone wasn’t enough for me to endorse Secretary Clinton. I have been in the public eye for a long time and have never actively supported any candidate. There were two things that finally led me to endorse Secretary Clinton: The first was that I did quite a bit of homework to understand all the allegations that were directed toward her and found almost all not based on fact and the remainder far from material. The tipping issues were Trump’s positions on NATO, our treaties, dealing with our allies, his comments on nuclear weapons, and his lack of understanding of the concept of deterrence. His ignorance of these issues scared the shit out of me.

BW: What of yourself do you see in Trump?

Nothing. But I understand him. He cares about two things, how people perceive him and how much cash he has in the bank.

BW (8/9/16): Trump gave a major economic policy speech yesterday. Did it change anything for you as far as your judgment of him?

No. There was no there there, and the hyperbole was truly Trumpian. Trillions of dollars coming back to create millions of jobs? Factories don’t just show up. Someone has to build them. Who? How long? And if a new factory is going to be built, it’s not going to be a circa 1975 factory. It’s going to be as automated as possible. I don’t think he understands technology. And his suggestions that tax changes and repatriation opportunities will create jobs and GDP are ridiculous.

BW: I’m curious why you so admire the quality of saying what’s on your mind in someone running for office. 

I liked Trump’s honesty because it was different and had a chance to change the business of politics. What I didn’t realize he was missing at the time was a complete and utter lack of preparation, knowledge, and common sense.

 

I made the mistake of assuming that he had to have some interest in learning and keeping up with world events. That he would make the effort to learn what he didn’t know. I obviously was wrong. I can’t say it enough that learning how to learn is one of the greatest skills anyone can have. It’s why I advocate that everyone go to college. I love being challenged and defending my positions and, when I’m wrong, learning from the exchange. It makes me smarter and better as a businessperson. That’s the key difference between us. Trump never takes on the intellectual challenge. He doesn’t even try. He just talks about having a good brain. :)

BW (8/11/16): You’ve said jobs are going to continue to disappear. Is there anything businesses or the government can do so the dividends of automation fall to workers as well as owners?

Going forward, we will be automating the creation of automation. The business process of iteration will be in many cases automated. That will lead to jobs that we value today as being advanced and technical, like programmers, engineers, drafts people, and others, being replaced by future iterations of today’s machine and deep learning.

 

The libertarian in me hopes that the future markets will figure out new jobs and careers for workers. The pragmatist in me thinks that it could take decades for this to work itself out, so we will need to come up with programs that provide jobs to the millions of workers that will be displaced here in the States and plan for the global disruption that will occur when robotics displace low-paying jobs around the world.

 

I have been a proponent of dramatically expanding the AmeriCorps program. By increasing the pay of participants to a living wage, it can act as a jobs program that, rather than trying to predict what will be technically viable jobs, will value social support and provide jobs that make communities stronger. It can provide valuable jobs to those displaced by automation.

BW (8/16/16): What would be your advice to President Clinton?

I have spoken to them about simplifying regulations and enabling automation to reduce friction for small businesses. They have been very receptive so far. I believe that starting any business should be as easy as a 10-year-old starting a lemonade stand. I’ve conveyed this to them, and they again have been very receptive.

Source: Bloomberg

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balz's picture

Who gives a fuck about Mark Cuban?

TruxtonSpangler's picture

He was shown a video of the kennedy assassination from an angle never seen before

SuperVinci's picture

Who is Marc Cuban and why should we care?

Looney's picture

 

Mark Cuban should marry Marco Rubio and move to Cuba.   ;-)

Looney

Manthong's picture

Is there any more an nbred moron than Mark Cuban in the world?

 

FGH's picture

Maybe Russell Brands? 

bamawatson's picture

31 Jan 2005 - NY - "passed" out before a live audience

19 Jun 2009 - DC - "fell" breaks her arm surgery

13 Jan 2011 - Yemen - "fell" again boarding plane

31 Dec 2012 - NY - "passed out" brain trauma

22 Oct 2015 - DC - coughing fit

03 Jan 2016 - IA - coughing fit

17 Feb 2016 - NY - coughing fit

18 Feb 2016 - NV - coughing fit Fresnel glasses

23 Mar 2016 - IA - coughing fit

26 Apr 2016 - NY - coughing fit on radio show

04 Jun 2016 - CA - coughing fit

02 Jul 2016 - NY - diminished capacity to FBI

23 Jul 2016 - NY - "seizure" on camera

05 Sep 2016 - OH - epic coughing fit

11 Sep 2016 - NY - "passed out" collapses

SILVERGEDDON's picture

Hey, is that timeline list Mark Cuban, or the other douche bag ? I just can't keep track of all the bottom feeders in American politics. Time for Mister Clean to step in and disinfect the White house, Congress, the Senate, and every state capaial as well. And, don't forget to nuke the lobby-istas while you are at it...........

jcaz's picture

Bigger jagoff?   Why yes, Mark, there is- yet somehow he just can't stop opening his pompous hole and proving that all his success has been just dumb luck....

Shaq was right.

HopefulCynical's picture

This putz again?

Nobody gives a crap what an Internet Lotto winner thinks.

Déjà view's picture

Another 'Cuban' Revolution...

nyse's picture

Cuban is a CLOWN for real. He was all on his dick when he thought DJT might ask him to be VP. What a joke. He would famously go back to IU after he graduated (im talking in his late 30s, after he had kids, etc) and try to be the big shot. One night he tried to pick up by good buddy's sister, she had no idea who he was and was clowning him all night (which he got off on I guess). Anyway, he goes back to her place for an after party after bar closes to try and bang her, tells his driver to wait outside. Long story short - she found him PASSED OUT ON THE TILE FLOOR OF THE BATHROOM THE NEXT MORNING IN HIS CLOTHES.

This is 100% true, no joke.

Here2Go's picture

Mark JEW~BAN (nuff said)

 

"Mark Cuban was born in Pittsburgh, Pennsylvania.[6][7] His father, Norton Cuban, was an automobile upholsterer[8][9][10] and Mark has described his mother, Shirley, as someone with "a different job or different career goal every other week."[11] He grew up in the affluent suburb of Mount Lebanon, in a Jewish[12] working-class family. His paternal grandfather changed the family name from "Chabenisky" to "Cuban" after his family emigrated from Russia through Ellis Island.[13][14] His maternal grandparents were also Jews who came from Romania.[15] Cuban's first step into the business world occurred at age 12, when he sold garbage bags to pay for a pair of expensive basketball shoes.[6][16] At age 16, Cuban took advantage of a Pittsburgh Post-Gazette strike by running newspapers from Cleveland to Pittsburgh"

Yes We Can. But Lets Not.'s picture

Shades of Larry Eustachy, one-time Iowa State head basketball coach, till he stopped by a frat house at Mizzou after a game to party.

Chuck Norris's picture

Who's the bigger jagoff - Trump or Clinton? 

Answer:  Mark Cuban

EmeraldWI's picture
  • 3 AM - WI Charlie horse (yelling, jumping and stretching)
  • 5 AM - WI Sneezing fit
  • 7 AM - WI Coughing jag
  • 7 AM - WI Swollen uvula from snoring
  • 10 AM - WI Stumbled then jammed wrist
  • 11 AM - WI Grimaced in pain from knee while kneeling
  • 12 AM - WI Stomach discomfort
  • 1 PM - WI Stomach discomfort (was hungry then ate too much)
  • 1:30 PM -WI  Runny nose (with boggled mind from racist club on ZH)
  • 1:45 PM -WI Had first beer
  • 1:45 PM -WI Remembered I hate Trump more than Hillary having dealt with lying scum NY brokers just like scum trump for half of my life you boobs you.
fx's picture

Cuban changed his mind after sucking Bill's dick. He got addicted instantly and now desperately needs Illary's continued permission...

MiguelitoRaton's picture

Summary: Cuban thought he was supporting the weakest candidate (Trump) against strongest (Cruz) prior to a planned pivot to Hillary who will sell this billionare whatever influence he wants to pay for. 

NidStyles's picture

Because his Rabbi told him to change his position.

Here2Go's picture

His Rabbi got slapped on the back at the exact incorrect moment & bit his whole fucking dick off...

 

Dr. Venkman tried to tell us about this

 

https://www.youtube.com/watch?v=X8WkOHdpifc

auricle's picture

Yep, Trump told him he's not for sale. 

 

 

 

tdag's picture

"The business process of iteration will be in many cases automated. That will lead to jobs that we value today as being advanced and technical, like programmers, engineers, drafts people, and others, being replaced by future iterations of today’s machine and deep learning."

 

So, replacing highly skilled / professional jobs with AI? This ain't gonna happen within the next 20 years. Might as well throw in doctors, lawyers, CPAs, CEOs, CFOs. Whose talking out of his ass now, Cuban?

 

crossroaddemon's picture

That's happening already. Do you hire an accountant, or do you use Turbotax? It's only going to snowball from here. Besides, those are highly specialized fields that employ a tiny fraction ofthe workforce. Low wage workers are FUCKED.

buzzkillb's picture

I have 2 accountants, and for simple taxes 1 is cheaper than turbotax.

Even if AI factories were a thing, wouldn't these being located in the USA be better than China?

NidStyles's picture

You're talking make work employment that wouldn't exist if the government didn't create it. For real work, it will have to be humans, because machines can not self-correct.

Kayman's picture

Cuban has the attention span and the intellect of a fruit fly- that's why.

Creative_Destruct's picture

 

"I have spoken to them (Clinton Campaign) about simplifying regulations and enabling automation to reduce friction for small businesses. They have been very receptive so far. I believe that starting any business should be as easy as a 10-year-old starting a lemonade stand. I’ve conveyed this to them, and they again have been very receptive."

And you believe this ass-kissing want-your-money bullshit Cuban? Smartest guy in the room- NOT.


koncaswatch's picture

Where the fuck has Cuban been? Doesn't he know that a ten year old can no longer start a lemonaide stand in the good ole USSA.

http://www.cnn.com/2015/06/11/politics/lemonade-stand-shut-down-texas/

 

pickupthatcan's picture

He's Russian Jew. His family's name is Chabenisky. So speaking of "Jagoffs", he is the expert.

Bastille Day's picture

Never cared to look into this douche to learn that.  It does explain things.  Don't trust those fuckers that change their name to deceive.  The name change is just the tip.

jeff montanye's picture

and it is so why we should vote for trump.  the zionists hate him.  

is there a better recommendation?

Erek's picture

“Is there any bigger jagoff in the world than Donald Trump?”

Yeah! Mark Cuban.

TellMeTrue's picture

You do know that Donald J. Trump is really Donald J. Drumpf, right? You don't know that Donald J. Drumpf regularly deceives you by not providing his medical records, income taxes or actual plans for all the wonderful things he SAYS he is going to do for you?

Donald J. Drumpf is a salesman, a huckster who inherited hundreds of millions of dollars. He never worked hard in his life.

Even with with six spectacularly large bankruptcies, a large string of other failures, and exploitation of virtually all who work for him, Drumpf  says "trust me", "believe me", and you do. 

TellMeTrue's picture

You do know that Donald J. Trump is really Donald J. Drumpf, right? You don't know that Donald J. Drumpf regularly deceives you by not providing his medical records, income taxes or actual plans for all the wonderful things he SAYS he is going to do for you?

Donald J. Drumpf is a salesman, a huckster who inherited hundreds of millions of dollars. He regularly cheats hard working people out of what he owes them.

Even with with six spectacularly large bankruptcies, a large string of other failures, and exploitation of virtually all who work for him, Drumpf  says "trust me", "believe me", and you do. 

The salesman says things that people want to hear, and you believe it. You think Trump will change the county to make it better for you. Donald Trump willl make it better for him. Look at his record. That's what he does, always at other people's expense.

RAT005's picture

Cuban you're the crappies shark and not too interesting otherwise. 

Theosebes Goodfellow's picture

Screw that, what's a "jagoff"? Maybe something having to do with owning a Jag? Did Cuban mean "jackoff"? I envision many detrimental ways of describibg Trump, but anything implying he's a slacker is an automatic fail. You're right, Manthong. Cuban's a maroon.

TellMeTrue's picture

Cuban is trying to be polite by usig jagoff instead of the obvious choice of words. Trump has had six spectacularly large bankruptcies and regularly stiffs his creditors. He knows next to nothing about anything but real estate. Trump hasn't bothered to inform himself about government, the law ,diplomacy or international relations. How about budgets, technology, education, the environment, the constitution? Yet he want to be president of the U.S.

Mark Cuban sold his first technology company that he developed from scratch, in 1990 for 6 million dollars. Mark Cuban made 5.7 billion dollars by developing and then selling a huge broadcasting company Broadcast.com, in 1999  He is owner of the Dallas Mavericks and many other ventures.

His is an honest, straightforward kinda guy. Unlke Trump who says, "believe me" or "trust me" when he has shown himself to be a person who regularly exploits other people for his own gain.

You are not getting the full story about Donald Trump, only what he wants you to know. He hides his taxes because he doesn't want his followers to know he pays next to nothing in taxes and doesn't even donate to charities. His record of business failures, of taking other people's money to enrich himself, and of cheating thousands out of money they rightfully earned, is legendary.

He knows the world is going the way of automation. Even Uber drivers will be out of work because of self-driving cars. Factories are automating. Very few people are needed to run enormous factories.

Cuban is telling the truth.

Why is Trump so cozy with Putin? Because he has lucrative business interests in Russia and many other countries around the world. His business interests are supporting dictatorships and human rights abuses. Trump cares only about money. Nothing else. How can you not see that?

 

TellMeTrue's picture

Yes, and unfortunately for the world if he should be elected, his initials are DJT.

JusticeTBuford's picture

Mr. Irrelevent.  Who cares what he says.

Chris Dakota's picture

(((Cuban))) such a kook MLB won't allow him to buy a baseball team.

Here2Go's picture

... & to think MLB has (((Bud Selig))) as its kosher  'thumbs up the ass' lil Jack Horner(berg)

Herd Redirection Committee's picture

End the Fed.

Wipeout the debt, national and consumer and student.

Lower taxes.

Reduce bureaucracy.

This is also known as "Government getting the f*** out of the way of business" and will free up a lot of disposable income.

Colonel's picture

"There were two things that finally led me to endorse Secretary Clinton: The first was that I did quite a bit of homework to understand all the allegations that were directed toward her and found almost all not based on fact and the remainder far from material."

Cuban is obviously is a liar or gets his "info" for his "homework" from CNN.

LasVegasDave's picture

Keep pimping your Dindu swag, Chubinsky

Here2Go's picture

There's a little spot of algae you missed in Sheldon Adelson's pool while you were distracted trying to log in to ZH...

 

Go git it sharky!