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Famous investor and \u201cShark Tank\u201d star Barbara Corcoran has criticized Mark Cuban\u2019s \u201cuse it or lose it\u201d approach to the second round of stimulus checks for Americans. She also shares <\/strong>her thinking on what\u2019s more important than one-time direct payments.<\/strong><\/p>\n Barbara Corcoran, the American investor famed for building a real estate empire with just a $1,000 loan, has spoken about stimulus checks to help Americans through the coronavirus-led economic crisis. She is also a star of the ABC television show \u201cShark Tank,\u201d a multi-Emmy Award-winning entrepreneurial-themed reality show.<\/p>\n Recently, her Shark Tank co-star Mark Cuban<\/a> said a second stimulus package should give all U.S. households a $1,000 stimulus check every two weeks for the next two months. However, there is a catch \u2014 recipients must use that money within 10 days. Cuban believes that this requirement will promote spending and help keep businesses open.<\/p>\n Many people, including Corcoran, disagree with Cuban\u2019s stimulus check suggestion. Commenting on her co-star\u2019s idea of giving people a stimulus check with an expiry date, she told CNBC Make It last week:<\/p>\n Unlike Mark, I don\u2019t think a \u2018use it or lose it\u2019 approach is the way to go because it promotes unwise, quick spending. People should spend money on essentials first like food, rent and monthly credit card bills vs new TVs.<\/p>\n<\/blockquote>\n Corcoran emphasized that she supports a second round of stimulus checks<\/a>. \u201cI do think another stimulus package is useful to shore up folks hardest hit, especially those who have lost their jobs,\u201d she said. However, the real estate guru believes that it is even more important for Congress to extend unemployment benefits. She explained that stimulus checks are \u201cnot nearly as important as extending unemployment benefits that give a boost to those who need it most.\u201d<\/p>\n<\/p>\n According to CNBC, experts agree with Corcoran that boosting unemployment benefits will help mitigate financial hardship long-term and would help the economy recover more effectively than one-time checks.<\/p>\n Last week, the House passed the $2.2 trillion revised Heroes Act which House Speaker Nancy Pelosi introduced<\/a> on Monday. It includes another round of $1,200 direct payments to U.S. households. Pelosi and Treasury Secretary Steven Mnuchin have been trying to come up with a compromise on the stimulus bill. On Friday, President Donald Trump said he tested positive for coronavirus and urged Congress on Saturday to pass a much-needed stimulus package to help Americans. So far, Democrats and Republicans have not been able to come to an agreement on a relief aid package, and time is running out to get one passed before the November presidential election.<\/p>\n What kind of stimulus payments do you think is best? Let us know in the comments section below.<\/strong><\/em><\/p>\n The post New Stimulus Checks: Barbara Corcoran Slams Mark Cuban\u2019s Expiry Date Idea, Favors Long-Term Relief<\/a> appeared first on Bitcoin News<\/a>.<\/p>\nSecond Stimulus Checks and Extended Unemployment Benefits<\/h2>\n
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