Tags: Mark Cuban | Trump | Seinfeld | Supporters

Mark Cuban: Trump Running 'Seinfeld' 'Candidacy About Nothing'

Image: Mark Cuban: Trump Running 'Seinfeld' 'Candidacy About Nothing'

By    |   Wednesday, 11 May 2016 08:20 AM

Billionaire investor Mark Cuban says Donald Trump’s supports are trying to send a message to the political establishment of both parties.

Cuban told CNBC that Trump doesn't have to take a position on the issues because his supporters simply don't care about them.

Trump has inspired his supporters not with what he has said, but how he has said it, Cuban told CNBC.

"They're not coming out to the polls in record numbers because they like his position on any particular issue. They're coming out because they're trying to send a message. They're sending a message that things have got to change and the one candidate that we think introduces change, particularly if you're on the right, is Donald Trump," he told CNBC.

Cuban reiterated his belief that Trump has become the "Seinfeld candidate" and must run "a candidacy about nothing," he said, referring to the TV show.

"I think he really has to avoid the issues and that could be a real problem long term," he said.

Cuban added that he is more interested in what Hillary Clinton does in the coming months.

"Forget Donald Trump asking me to be vice president or whatever. Imagine if Hillary brought me or brought somebody like me in and went more to the center and became more business friendly. It could change the entire tenor of the race," Cuban said.

Warren Buffett, chairman and chief executive officer of Berkshire Hathaway Inc, has said a Trump presidency wouldn’t be the blow to U.S. business that some fear, Bloomberg reported.

“If either Donald Trump or Hillary Clinton becomes president, and one of them is very likely to be, I think Berkshire will continue to do fine,” Buffett, 85, said at the company’s annual shareholders meeting Saturday in Omaha, Nebraska.

The outcome of November’s presidential election is unlikely to change the fact that the U.S. is a “remarkably attractive place in which to conduct a business,” said Buffett, who endorsed Democrat Clinton at an Omaha rally in December. U.S. companies have enjoyed “terrific” returns on equity despite a sustained period of ultra-low interest rates, he added.

Trump and Clinton are their parties’ respective front-runners in a campaign that has exposed discontent with Washington insiders, anger over global trade deals, frustration with Wall Street and furor over the growing gap between rich and poor. At the same time, each candidate’s unfavorable rating exceeds 50 percent, a historically high figure at this late stage in the primary season.

Buffett, who has criticized Trump in the past and scorned politicians’ pessimism about the country, looked past the current voter angst for a longer view of U.S. economic prospects.

‘Far More’

“Twenty years from now, there’ll be far more output per capita in the United States in real terms than there is now. In 50 years, it’ll be far more,” Buffett said. “No presidential candidate or president is going to end that. They can shape it in ways that are good or bad, but they can’t end it.”

Asked how a Trump presidency might affect Berkshire’s business, Buffett replied, “That won’t be the main problem.” He didn’t elaborate.

(Newsmax wire services contributed to this report).

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Billionaire investor Mark Cuban says Donald Trump's supports are trying to send a message to the political establishment of both parties.
Mark Cuban, Trump, Seinfeld, Supporters
Wednesday, 11 May 2016 08:20 AM
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