The always media-hungry Mark Cuban wants to insert himself into presidential politics. The billionaire TV show host is now pushing himself as one of President Biden’s top cheerleaders. He’s fundraising for Biden and Democrat groups are utilizing his media appearances to gin up donations.
He’s volunteered to be an attack dog for Biden. He regularly uses his X account to attack Donald Trump and claim Biden will do wonders for the country if given another term. Cuban even asserts that he would vote for Biden even if the president was on his deathbed and Trump was the only other option. That’s dedication to the cause.
Cuban isn’t cozying up to Biden simply out of some deep political conviction. He may claim that the president is morally superior to his opponent or that he prefers Biden’s social policies. But the real motivation is something far more shallow. Cuban sees Biden and the Democrats as better for his business interests.
In 2020, Cuban backed Biden because he said it would be good for business. The dismal economy under the current president proved that argument wrong, yet Cuban continues to maintain that Joe is the pick for prosperity. What the mogul really means is that Biden is better for his own business interests.
That doesn’t make for good tweets, so he pretends it’s about something far more noble.
Cuban invested heavily in environmental enterprises over the last few years. He’s doled out millions to climate start-ups. These are the types of companies primed to benefit from Democrat-backed green subsidies and government pressure for the corporate world to adopt ESG (environmental, social, and governance) policies. All of this is part of Biden’s agenda—and Cuban stands to benefit. It makes sense why he argues that “woke” is good for business and melts down over conservative resistance towards these endeavors. Getting rid of woke business practices hurts his bottom line.
Cuban has been pushing the administration and its allies in Congress to restrict pharmacy benefit managers (PBMs). Sadly, they’ve been listening.
PBMs are third-party operators that negotiate drug prices with pharmaceutical companies on behalf of health insurance beneficiaries, lowering costs for American consumers. Big Pharma doesn’t like PBMs because they feel they intrude on their business model and push their profit margins down.
Cuban’s portfolio puts him on the side of Big Pharma. He owns a drug company, Cost Plus Drugs, that is set to profit from Biden’s proposed regulations on PBMs. Yet, ironically, even Cuban’s company has partnered with select PBMs when it is convenient because he knows how successful they are at reducing costs.
Because of his status as a top Democrat donor with star power, Cuban seems to think he can have it both ways—push for regulations on PBMs when it fits his business interests, all while quietly using them behind the scenes when they stand to benefit him personally.
Cuban loves to talk a big game. He insists he just wants what’s best for the country in his political choices. But that’s just not true. Cuban likes Biden simply because he believes the Democrats will make him more money.
Only a dunce could buy Cuban’s selfless billionaire act. He doesn’t care about what’s best for America. If he did, he wouldn’t want another term for Joe Biden.