Mark Cuban Says Brace For A 'Far Worse Than 2008' Financial Crisis If The New Tariffs Stick Around and DOGE Continues Cutting and Firing

Mark Cuban doesn't throw around financial panic lightly—but over the weekend, the billionaire entrepreneur and Cost Plus Drugs co-founder lit up Bluesky with a warning that's hard to ignore. 

In his view, the latest combination of sweeping tariffs and deep government cuts could send the U.S. economy spiraling into a crisis even worse than 2008.

"If the new tariffs stay in place for multiple years, and are enforced and inflationary, and DOGE continues to cut and fire, we will be in a far worse situation than 2008," Cuban posted on Saturday, responding to a user who asked him about the "worst case" economic impact of Trump's tariff plan.

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For those who forgot—or maybe just blocked it out—2008 wasn't just a bad year. It was the year the financial system cracked. Banks collapsed. Millions lost homes, jobs, and retirement savings. The stock market tanked, credit dried up, and the government had to step in with massive bailouts just to keep the economy breathing. It was the worst financial crisis since the Great Depression.

And Cuban's not being dramatic—he's drawing direct parallels.

This latest round of tariffs, announced by the Trump administration last Wednesday, marks a sharp escalation in trade restrictions. They're aimed at foreign imports but could hit American consumers in the wallet, fast. Add to that the Domestic Office of Government Efficiency pushing aggressive federal workforce reductions, and Cuban sees a dangerous storm forming.

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Though he didn't go into detail on DOGE's connection to the economy, there's already been fallout. Among the targeted agencies? The Consumer Financial Protection Bureau and the IRS's tax evasion enforcement arm—two departments that help regulate bad behavior and secure government revenue. Cutting those could mean less consumer protection and more unpaid taxes.

Cuban did offer a glimpse at a "best case" scenario when asked what could cool things off:

"Best case he turns off Apr 2nd tariffs Monday. Leaves the 10pct tariffs (not great, but realistic). Elon leaves Doge, which decides to stagger the cuts over 3 yrs, accounting for local impact. That slows the economy, reducing interest rates, reducing payments on debt to affordable levels."

In other words, scale it back. Or at least, don't yank the rug all at once.

But Cuban's bottom line is clear: this isn't just about political strategy—it's about economic survival.

And if his predictions are right, the price of inaction might be a lot more than higher grocery bills.

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