Mark Cuban defends Biden, bashes Trump on economy

[BumRushDaShow]

Source: The Hill

05/24/24 1:31 PM ET


Billionaire investor and television personality Mark Cuban defended the state of the economy under President Biden and bashed former President Trump on Friday, arguing that Trump squandered the strong economy he received from former President Obama. After highlighting a graph on the social platform X showing 12 straight months of positive real wage growth in the U.S., Cuban responded to a user who appeared unimpressed by the numbers.

“Imagine looking at this graphic and not realizing that your guy underperformed the Obama economy he inherited and gave away all the wage growth trends in place when he took office,” Cuban said of Trump. The graph showed the year-over-year change in real average hourly earnings stretching back before 2010, appearing to cover much of the Obama, Trump and Biden administrations.

The user argued that Cuban was ignoring the absence of any negative wage growth under Trump. “You can’t brag about Biden’s ‘wage growth’ because the line is positive and then ignore the lack of negative wage growth in the Trump administration,” they said. Prior to the 12 straight months of positive real wage growth, meaning wages outpaced inflation, Biden presided over 25 consecutive months of negative real wage growth, according to the graph.

The “Shark Tank” star responded, arguing that Obama and Biden both inherited economic crises and were able reverse negative wage growth, while Trump presided over diminishing wage growth. “I just showed the graphic. Without commentary,” Cuban said. “The facts are that Obama and Biden inherited the Great Recession and Covid, both generational issues, and turned the economy positive over time.” “The guy between them inherited a booming economy and in terms of wage growth, diminished it,” he added. “Is that what the numbers say to you?”

Read more: https://thehill.com/policy/technology/4684543-mark-cuban-biden-trump-economy-wage-growth/

[Beakybird]

1. there is no link in the article to the actual tweet

[BumRushDaShow]

2. "X" has some kind of live video streaming option

so it's possible he did this using that feature...?

[IronLionZion]

9. Nope, just 2 guys tweeting

Link to tweet

[BumRushDaShow]

11. Okay and thank you!!!!

[samnsara]

3. Ive always liked him...

[FakeNoose]

4. Hurray for Mark Cuban, another Pittsburgh homeboy

... who went away and made good.

https://en.wikipedia.org/wiki/Mark_Cuban

[Traurigkeit]

7. An actual Billionaire that has not caused a bankruptcy

[heckles65]

5. Man what political gaslighting has happened in the past twelve years

The economy of 2017-2019 was the economy we could have had in 2012 IF the Tea Party had let us.

Remember the Tea Party??

[AZ8theist]

6. A billionaire states FACTS about the FANTASTIC BIDEN economy vs the FAILED Doturd economy????????

I'm shocked, I tell you ....SHOCKED!!

[IronLionZion]

8. I guess this was the X post, kind of a weird thing to write an article about

Link to tweet

[SleeplessinSoCal]

10. Get Cuban on the airwaves more.

Or put this on Instagram, Twitter.com and TikTok.

[Rizen]

12. People need to hear this.