Cuban says we need a transitional jobs program that trains and hires millions of people “for a federal tracking/tracing/testing program.” He believes that this will help create stable jobs and reduce unemployment.
It's time to face the fact that PPP didn't work. Great plan, difficult execution. No one's fault. The only thing that will save businesses is consumer demand. No amount of loans to businesses will save them or jobs if their customers aren't buying.— Mark Cuban (@mcuban) May 17, 2020
In addition, because this will take time, we need to consider an interim spending stimulus program. All 128m households could get a $1k check every 2 weeks for the next 2 months that MUST BE SPENT WITHIN 10 DAYS OF RECEIPT OR IT EXPIRES. This "use it or lose it" prog will— Mark Cuban (@mcuban) May 17, 2020
It didn’t take long for Cuban’s ideas to get some notice from Congresswoman Alexandria Ocasio-Cortez tweeting: “Totally agree, @markcuban. It’s time for a Federal Jobs Guarantee.”
There is certainly a lot of risk in this use it or lose it approach. A lot to be considered. But it could be patterned after @USDirectExpress. Let me know your thoughts— Mark Cuban (@mcuban) May 17, 2020