Frequent Donald Trump critic is cautiously optimistic that the president could possibly help boost the stock market in the future.
The Dallas Mavericks owner and entrepreneur is “playing it by ear” when it comes to the effect Trump’s policies will have on the stock market, the Wall Street Journal reported.
“I think the discussed economic programs are potentially a big plus for public companies and the overall economy,” Cuban told WSJ.com in an e-mail Monday morning.
The potential policies Cuban is optimistic about: corporate tax cuts; getting rid of the “friction” for small businesses; and reducing and simplifying administrative activities.
The big question marks, though, are whether the Trump’s policies actually get passed, and whether his communication tactics, “create social issues that overwhelm the economic upside.”
“The devil is in the details,” Cuban said. “We will see what actually happens.”
Cuban supported Democrat Hillary Clinton in the general election, calling Trump "an immediate and present danger to the security of this country."
He declined to answer a question about his recent meeting in a New York coffee shop with Trump's chief strategist, Steve Bannon.
As for Trump, however, Cuban appears to be letting bygones be bygones.
For sure, Trump will be a demanding leader who applies the best of his negotiating skills to push for U.S. growth, bestselling author David Horowitz told TheStreet.com.
Trump won’t be an ideological purist like Republicans who support free trade but don't fight for fair trade, Horowitz said.
“If you just say, ‘well we're for free trade and we're not going to look at the deals that we make’ -- that's not a good idea,” he said. “We've had an anti-business president now for eight years who doesn't take a hard-nosed attitude towards these deals. Trump is going to get better deals for us, which is still free trade.”
Horowitz's new book "The Big Agenda: President Trump's Plan to Save America," released just this week, reveals Trump's "first 100 days strategy" to roll back Obama's legislative and executive record.
Horowitz's new book is the first book about the Trump presidency and has soared to the top of the Amazon bestseller charts, becoming the No.1-selling book on the web.
Trump will also lead the way in making infrastructure spending to boost the U.S. economy, Horowitz said.
“If the economy grows as it will under Trump, there's going to be a lot more money to spend,” he said.
"Big Agenda: President Trump's Plan to Save America" is available at bookstores everywhere – or get your copy on Amazon – Click Here Now
(Newsmax wire services, AP, Reuters and Bloomberg news contributed to this report).
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