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05-17-2020, 03:48 PM
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#1
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BANNED
Join Date: May 5, 2013
Location: Phnom Penh, Cambodia
Posts: 36,100
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Mark Cuban Thinking Outside of the Box Again
https://www.marketwatch.com/story/ma...=mw_latestnews
his plan to stimulate demand for small businesses, to keep them from looming mass shutdowns.. the $1,000 must be spent in 10 days.
what do you think? keep in mind that Trump has already spent trillions of dollars, with more trillions coming soon..
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05-17-2020, 03:50 PM
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#2
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Valued Poster
Join Date: Jan 16, 2010
Location: Texas
Posts: 51,038
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Quote:
Originally Posted by Chung Tran
what do you think? keep in mind that Trump has already spent trillions of dollars, with more trillions coming soon..
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When did he do that?
It's too bad you can't ask a straight question. You have to inject your obvious bias .... and please don't bore with the "I voted for him" .... it's approaching the meaningless level of ...
"You're a racists!"
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05-17-2020, 03:57 PM
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#3
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BANNED
Join Date: May 5, 2013
Location: Phnom Penh, Cambodia
Posts: 36,100
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since March, 2020.. yeah, I know, Congress did it, not him.. "Mommy, Mommy"!
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05-17-2020, 04:20 PM
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#4
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Valued Poster
Join Date: Jul 24, 2014
Location: Pittsburgh
Posts: 3,267
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Quote:
Originally Posted by Chung Tran
the $1,000 must be spent in 10 days.
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Since this isn't even close to actually defined, An opinion is rather hard to come by at this point.
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05-17-2020, 04:23 PM
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#5
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BANNED
Join Date: May 5, 2013
Location: Phnom Penh, Cambodia
Posts: 36,100
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Quote:
Originally Posted by eccielover
Since this isn't even close to actually defined, An opinion is rather hard to come by at this point.
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but you understand the logic? to spend quickly, get money circulating to local small businesses.
it is as well defined as that previous small business loan program, where much of the money was stolen by non-needy companies, some of who were shamed into giving it back.
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05-17-2020, 04:40 PM
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#6
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Valued Poster
Join Date: Jul 24, 2014
Location: Pittsburgh
Posts: 3,267
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Quote:
Originally Posted by Chung Tran
but you understand the logic? to spend quickly, get money circulating to local small businesses.
it is as well defined as that previous small business loan program, where much of the money was stolen by non-needy companies, some of who were shamed into giving it back.
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I'd be interested in the link regarding the small business loan program and the shaming of any company. I've not heard of that taking place. I did hear it ran out of money very quickly and another bi-partisan bill approved more for it.
And if Cuban's concept is sound and thinking out of the box, it should certainly be vetted to how it's actually going to work and is the need for a unvetted weekly check that must just be spent.
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05-17-2020, 04:45 PM
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#7
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Premium Access
Join Date: Mar 16, 2016
Location: Steel City
Posts: 7,949
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How about just admitting that the shutdown was a huge fuck up, and let everyone get back to their lives. Easy peasy and the only cost is a bit of embarrassment.
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05-17-2020, 04:53 PM
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#8
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BANNED
Join Date: May 5, 2013
Location: Phnom Penh, Cambodia
Posts: 36,100
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Quote:
Originally Posted by Jacuzzme
How about just admitting that the shutdown was a huge fuck up, and let everyone get back to their lives. Easy peasy and the only cost is a bit of embarrassment.
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you are an extreme minority that thinks that.. if you are going to make a grand statement like this, surely you have facts and reason to back it up.. I'm waiting...
you do realize Trump supported a shut down?
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05-17-2020, 04:57 PM
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#9
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Valued Poster
Join Date: Jul 24, 2014
Location: Pittsburgh
Posts: 3,267
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Quote:
Originally Posted by Chung Tran
you do realize Trump supported a shut down?
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Eventually he did, yes, and is trying to reverse that incorrect decision daily.
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05-17-2020, 05:19 PM
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#10
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Premium Access
Join Date: Mar 16, 2016
Location: Steel City
Posts: 7,949
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Absolutely, President Trump fucked up in grand fashion. In his defense, people supposedly in the know scared TF out of him with that bullshit 2.5 million deaths number. I’d have probably overreacted in light of that as well. At this point we have actual data, and it points to guys like Ioannidis, Wittkowski, and Levitt being absolutely right. Time for the President to take a mulligan and hope we can recover from this colossal mistake.
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05-17-2020, 06:53 PM
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#11
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Valued Poster
Join Date: Mar 31, 2010
Location: Houston
Posts: 15,054
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Quote:
Originally Posted by Jacuzzme
Absolutely, President Trump fucked up in grand fashion. In his defense, people supposedly in the know scared TF out of him with that bullshit 2.5 million deaths number. I’d have probably overreacted in light of that as well. At this point we have actual data, and it points to guys like Ioannidis, Wittkowski, and Levitt being absolutely right. Time for the President to take a mulligan and hope we can recover from this colossal mistake.
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President Trump has been quite successful going on his own instincts. This time, he went with the “experts”.
Why? Because the Main Stream Media would crucify him, and worse yet, the gullible and often moronic public would believe them.
At least now he can say......”we tried it your way, now let’s do it my way”.
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05-17-2020, 07:48 PM
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#12
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AKA Admiral Waco Kid
Join Date: Jan 8, 2010
Location: The MAGA Zone
Posts: 37,099
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Quote:
Originally Posted by Jackie S
President Trump has been quite successful going on his own instincts. This time, he went with the “experts”.
Why? Because the Main Stream Media would crucify him, and worse yet, the gullible and often moronic public would believe them.
At least now he can say......”we tried it your way, now let’s do it my way”.
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he acted and they accused him of not acting now they will accuse him for acting.
BAHHAAAAAAA
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05-17-2020, 08:39 PM
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#13
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Account Disabled
Join Date: Jan 20, 2010
Location: Houston
Posts: 14,460
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Quote:
Originally Posted by Chung Tran
https://www.marketwatch.com/story/ma...=mw_latestnews
his plan to stimulate demand for small businesses, to keep them from looming mass shutdowns.. the $1,000 must be spent in 10 days.
what do you think? keep in mind that Trump has already spent trillions of dollars, with more trillions coming soon..
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Again, your characterization is inaccurate. The easiest thing would be to quote...
Quote:
He added that while that plan is being implemented, an interim spending stimulus program should be put in place in which 128 million households get a $1,000 check every two weeks for the next two months, along with the rule that it must be spent within 10 days.
“Cost about $500b
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Not a bad plan. The problem is THE SHUTDOWN. In order to get it businesses, bidness need to be open. It hasn't. And in many places it won't. I'd be buying even more Amazon stock though.
Quote:
Originally Posted by Chung Tran
you are an extreme minority that thinks that.. if you are going to make a grand statement like this, surely you have facts and reason to back it up.. I'm waiting...
you do realize Trump supported a shut down?
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Extreme is extremely overused, especially when people just want people to panic. Count me in that growing "minority" that didn't want a protracted shut down.
Quote:
Originally Posted by The_Waco_Kid
he acted and they accused him of not acting now they will accuse him for acting.
BAHHAAAAAAA
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Let me ask Chung and other Socialist Democrats a question: Who DIDN'T fail? Support your answer.
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05-18-2020, 08:23 AM
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#14
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Valued Poster
Join Date: Jan 27, 2018
Location: Back in Texas!
Posts: 7,196
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Quote:
Originally Posted by Jacuzzme
Absolutely, President Trump fucked up in grand fashion. In his defense, people supposedly in the know scared TF out of him with that bullshit 2.5 million deaths number. I’d have probably overreacted in light of that as well. At this point we have actual data, and it points to guys like Ioannidis, Wittkowski, and Levitt being absolutely right. Time for the President to take a mulligan and hope we can recover from this colossal mistake.
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Amen to that!
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05-18-2020, 08:29 AM
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#15
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Valued Poster
Join Date: Jan 27, 2018
Location: Back in Texas!
Posts: 7,196
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Quote:
Originally Posted by Chung Tran
https://www.marketwatch.com/story/ma...=mw_latestnews
his plan to stimulate demand for small businesses, to keep them from looming mass shutdowns.. the $1,000 must be spent in 10 days.
what do you think? keep in mind that Trump has already spent trillions of dollars, with more trillions coming soon..
|
I don't really like Mark Cuban, and in fact I hope the entire NBA gets wiped out because who would want to watch a game on TV that doesn't have fans in the stands and the players and announcers feeding off them? (That assumes you like the NBA anyway - which I do not)
When that rich guy whose mother owned the gift shop (Carter?) bought the Mavericks way back when for $12 million (I'm going from memory) I thought that was a little high but it made sense. The prices for franchises now are just ridiculous - it needs to go way down.
However, his point is correct that for it to be a stimulus, the money needs to circulate and go to work.
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