Discussion on Musk's DoGE ideas, the federal deficit, and GDP

24,444 Views | 549 Replies | Last: 12 min ago by DiabloWags
bearister
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graguna said:

its too bad Elon has the emotional intelligence of an 8 year old autistic boy.
naming a govt agency after a grifter meme coin is just dumb







….but you have to admit that the flamethrowers he was hawking a few years ago provided a lot of sh@its & giggles.

Cancel my subscription to the Resurrection
Send my credentials to the House of Detention
I got some friends inside
“98 yards with my boys” Yeah, sure.
sycasey
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movielover said:

Eastern Oregon Bear said:

movielover said:

Sounds like treason.
Yeah, it would be treason, but treat the people you're firing with some respect and dignity and treason will be less likely. I can't believe your guys can't figure that out.


I agree the LAYOFFS could be handled more diplomatically. Thank people for their service, offer transition services, etc. Act like professionals, no dancing on the graves. These are mothers, grandmother's, some Veterans, some disabled.

Act like adults.
You realize this is asking too much of Trump and Musk, right?
bear2034
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Is there really a nice way to lay people off?
DiabloWags
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Only a $644 BILLION loss in market-cap since the December high.

MAGA!!!



bear2034
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Global M2 money supply is rising. I'd say wait until next week Friday for the rising tide to lift all boats.
DiabloWags
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Sounds like something a Bitcoin bro would say.
bear2034
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DiabloWags said:

Sounds like something a Bitcoin bro would say.

You're right, bro. But my quant bro just made a correction a few hours ago, instead of next week, it might be another month before the next bull run begins.
DiabloWags
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Trump is in trouble.
He's not going to like these Poll numbers:

77% of Americans say their income was not keeping up with Inflation.

62% of Americans think that prices have been going up.

60% of Americans think that the economy is bad now.

52% of Americans are concerned about how to pay for food and groceries

Americans say incomes not keeping up with inflation CBS News poll - CBS News

tequila4kapp
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Are those new numbers over the 6-7 weeks Trump has been in office?
DiabloWags
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tequila4kapp said:

Are those new numbers over the 6-7 weeks Trump has been in office?

Yes, the link that I provided shows Feb. 24 - 26th.
Margin of error: 2.3 points
tequila4kapp
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DiabloWags said:

tequila4kapp said:

Are those new numbers over the 6-7 weeks Trump has been in office?
Yes, the link that I provided shows Feb. 24 - 26th.
Margin of error: 2.3 points
I'm in the camp who has been saying the economy is not good these past 4 years so in a sense I'm not surprised.

I expect measurements based on human perception to get worse thanks to the instability being sewn via DOGE efforts.
DiabloWags
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The Atlanta Fed uses a real-time GDP forecasting calculation.
GDPNow.

It just COLLAPSED for Q1 with today's economic data released.

From 2.3% to - 1.5%

This is the biggest contraction in 3 years.



DiabloWags
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tequila4kapp said:



I'm in the camp who has been saying the economy is not good these past 4 years so in a sense I'm not surprised.



I've been in the opposite camp.

GDP growth actually has been fairly impressive, given the "headwinds" from the Fed and higher rates to combat inflation. Consumer spending has been impressive as well.


2021: +6.1%
2022: +2.5%
2023: +2.9%
2024: +2.8%






United States Full Year GDP Growth

United States (USA) GDP - Gross Domestic Product 2024 | countryeconomy.com



DiabloWags
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American Business Leaders are Turning on Trump

The Scene

"A difficult time to invest."

"Everybody's paralyzed."

"I'm sorry I can't be particularly positive."

"The chaos that is reigning right now is causing everyone to sit on their hands."

That's Citadel CEO Ken Griffin, ON Semiconductor CEO Hassane El-Khoury, Franklin Templeton CEO Jenny Johnson, and Nasdaq Private Market CEO Tom Callahan on the world of Donald Trump right now. Their comments over the past week capture a growing disquiet among business leaders, a month into a presidency that many of them had cheered.

"What decision do you make? Do you want to go left or right?" El-Khoury told Semafor in an interview this week. "Are we going to grow the business? Well, I don't know. Are there tariffs or not?" (Since that interview, Trump threatened to double his own proposed 10% tariffs on China and put a 25% levy on European goods.)

American business leaders are turning on Trump fast

movielover
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How many Trillions in new business has President Trump secured?
DiabloWags
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movielover said:

How many Trillions in new business has President Trump secured?

You tell me in your own words without posting something from Twitter.
And substantiate your claims with credible sources.

Please be mindful that the U.S. generates roughly $25 Trillion in annual GDP.
Also keep in mind that tariffs are a job killer and are a tax on the American consumer.

Thank You.

calpoly
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DiabloWags said:

tequila4kapp said:



I'm in the camp who has been saying the economy is not good these past 4 years so in a sense I'm not surprised.



I've been in the opposite camp.

GDP growth actually has been fairly impressive, given the "headwinds" from the Fed and higher rates to combat inflation. Consumer spending has been impressive as well.


2021: +6.1%
2022: +2.5%
2023: +2.9%
2024: +2.8%






United States Full Year GDP Growth

United States (USA) GDP - Gross Domestic Product 2024 | countryeconomy.com




Don't confuse the tRump cult with numbers, it is too hard for them the comprehend.
DiabloWags
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I know.
They'd rather post memes than numbers.
movielover
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Tariffs again? See China, 2016.

You're welcome.
movielover
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movielover
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movielover
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concordtom
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Dear Elon,

We at the Esselstyn Foundation fully acknowledge that the federal bureaucracy has grown quite massive and unwieldy. It is clear to most budget-minded Americans like ourselves that some "tightening of the belt" and improved oversight needs to happen when it comes to way the government spends our tax dollars. Your interest in reducing the size of the bureaucracy is easy for us to wrap our heads around and we applaud the spirit of what you are trying to do.

However…

To date, it appears you and the DOGE team are wildly swinging your chainsaw around instead of relying on the accuracy of a surgeon's blade. That is, you are hacking and chopping blindly and irresponsibly with no understanding of the damage you are doing. We suggest you pump the brakes a bit and become more discerning.

In light of this, we have a few recommendations for you, ones that will help you improve the health and wellbeing of millions of Americans and save the government a ton of money.
Cut 100% of Meat and Dairy Subsidies: The US Government spends roughly $38 billion on subsidies to the meat and dairy industry yearly. This would be an easy chop and would reduce the consumption of foods that are directly linked to disease. Go for it, Elon.

Reduce Medicare Payouts for Heart Disease: Medicare spends roughly $280 billion on heart disease each year. Heart disease is one of the most expensive health conditions to treat, yet it is the easiest to prevent via lifestyle. This reminds us of the illogical tradition of FEMA dolling out billions to help people rebuild their houses in well-known flood zones that will flood again soon. There is no incentive for individuals to make a better choice or make lifestyle changes if the government keeps paying the tab for repeated dumb thinking.

Reduce Subsidies for Junk Food: Our government heavily subsidizes corn, soybeans, wheat, and rice production. While these foods are not inherently evil, the vast majority of them are used for livestock feed or converted to cheap products and additives like corn sweeteners, processed food, vegetable oils, and refined carbs. This is why junk food is so darn cheap. The government is essentially helping to pay for the obesity epidemic. Remember: The current economic burdens of CVD and diabetes, two of the many diseases predominantly caused by poor diet quality, are estimated to approach $700 billion per year.

Hack Medicare Payments for Tobacco-Related Diseases: While the US government does not give subsidies to the tobacco industry directly, it does absorb the cost of the health outcomes. In the US, treating tobacco-caused disease costs about $225 billion per year with 60% of those costs being covered by taxpayers. It is time for some personal responsibility. What if the incentive to stop smoking was because the government will not cover your treatments for lung disease?

Tighten Up the Rules for SNAP: It is estimated that 25% of the money that goes towards the Supplemental Nutrition Assistance Program (Food Stamps) is used to purchase junk food, including soda, candy, potato chips, cookies, and ice cream. One cannot buy cigarettes with SNAP money; why can people buy soda?

Reduce Dollars to Corporate Agribusiness: Large agribusinesses that specialize in growing major commodity crops used to make highly processed food like soybeans and corn receive 50% of all subsidies. Shockingly, previous versions of the US Farm Bill actually stipulated that farmers could not grow other fruits and veggies. If they did, they were penalized! Once again, the incentive is to farm a small array of cash crops. That's it.

Cut All Support to the Alcoholic Beverage Industry: Alcohol is a leading risk factor for cancer, CVD, and liver disease. It also contributes to road injuries, homicides, suicides, and domestic abuse. Yet, each year, using tax breaks, production subsidies, marketing deductions, tax rebates, developmental assistance, and trade agreements, billions of tax dollars are spent to support the alcohol industry. Two of the most subsidized crops in the U.S., barley and sorghum, are used to make beer. About 44% of barley in 2010 was used for beer production.

So, Elon, let's stop firing nuclear safety employees, park rangers, and veterans working for the VA. Why not plunge your saw blade into the parts of the government budget that are actively and knowingly contributing to shortening our lives and spreading debilitating diseases.

America has never really been healthy, so let maybe change the slogan to Make American Healthy Now vs. Make America Healthy Again. Why not kick off the initiative with some broad cuts to the funding that is quite literally helping to kill us.

Sincerely,

The Esselstyn Foundation
oski003
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concordtom said:

Dear Elon,

We at the Esselstyn Foundation fully acknowledge that the federal bureaucracy has grown quite massive and unwieldy. It is clear to most budget-minded Americans like ourselves that some "tightening of the belt" and improved oversight needs to happen when it comes to way the government spends our tax dollars. Your interest in reducing the size of the bureaucracy is easy for us to wrap our heads around and we applaud the spirit of what you are trying to do.

However…

To date, it appears you and the DOGE team are wildly swinging your chainsaw around instead of relying on the accuracy of a surgeon's blade. That is, you are hacking and chopping blindly and irresponsibly with no understanding of the damage you are doing. We suggest you pump the brakes a bit and become more discerning.

In light of this, we have a few recommendations for you, ones that will help you improve the health and wellbeing of millions of Americans and save the government a ton of money.
Cut 100% of Meat and Dairy Subsidies: The US Government spends roughly $38 billion on subsidies to the meat and dairy industry yearly. This would be an easy chop and would reduce the consumption of foods that are directly linked to disease. Go for it, Elon.

Reduce Medicare Payouts for Heart Disease: Medicare spends roughly $280 billion on heart disease each year. Heart disease is one of the most expensive health conditions to treat, yet it is the easiest to prevent via lifestyle. This reminds us of the illogical tradition of FEMA dolling out billions to help people rebuild their houses in well-known flood zones that will flood again soon. There is no incentive for individuals to make a better choice or make lifestyle changes if the government keeps paying the tab for repeated dumb thinking.

Reduce Subsidies for Junk Food: Our government heavily subsidizes corn, soybeans, wheat, and rice production. While these foods are not inherently evil, the vast majority of them are used for livestock feed or converted to cheap products and additives like corn sweeteners, processed food, vegetable oils, and refined carbs. This is why junk food is so darn cheap. The government is essentially helping to pay for the obesity epidemic. Remember: The current economic burdens of CVD and diabetes, two of the many diseases predominantly caused by poor diet quality, are estimated to approach $700 billion per year.

Hack Medicare Payments for Tobacco-Related Diseases: While the US government does not give subsidies to the tobacco industry directly, it does absorb the cost of the health outcomes. In the US, treating tobacco-caused disease costs about $225 billion per year with 60% of those costs being covered by taxpayers. It is time for some personal responsibility. What if the incentive to stop smoking was because the government will not cover your treatments for lung disease?

Tighten Up the Rules for SNAP: It is estimated that 25% of the money that goes towards the Supplemental Nutrition Assistance Program (Food Stamps) is used to purchase junk food, including soda, candy, potato chips, cookies, and ice cream. One cannot buy cigarettes with SNAP money; why can people buy soda?

Reduce Dollars to Corporate Agribusiness: Large agribusinesses that specialize in growing major commodity crops used to make highly processed food like soybeans and corn receive 50% of all subsidies. Shockingly, previous versions of the US Farm Bill actually stipulated that farmers could not grow other fruits and veggies. If they did, they were penalized! Once again, the incentive is to farm a small array of cash crops. That's it.

Cut All Support to the Alcoholic Beverage Industry: Alcohol is a leading risk factor for cancer, CVD, and liver disease. It also contributes to road injuries, homicides, suicides, and domestic abuse. Yet, each year, using tax breaks, production subsidies, marketing deductions, tax rebates, developmental assistance, and trade agreements, billions of tax dollars are spent to support the alcohol industry. Two of the most subsidized crops in the U.S., barley and sorghum, are used to make beer. About 44% of barley in 2010 was used for beer production.

So, Elon, let's stop firing nuclear safety employees, park rangers, and veterans working for the VA. Why not plunge your saw blade into the parts of the government budget that are actively and knowingly contributing to shortening our lives and spreading debilitating diseases.

America has never really been healthy, so let maybe change the slogan to Make American Healthy Now vs. Make America Healthy Again. Why not kick off the initiative with some broad cuts to the funding that is quite literally helping to kill us.

Sincerely,

The Esselstyn Foundation


They are already working on cutting junk food and unhealthy purchases with SNAP. It is something folks here were whining about with the Republican budget proposal.
DiabloWags
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calpoly said:

DiabloWags said:

tequila4kapp said:



I'm in the camp who has been saying the economy is not good these past 4 years so in a sense I'm not surprised.



I've been in the opposite camp.

GDP growth actually has been fairly impressive, given the "headwinds" from the Fed and higher rates to combat inflation. Consumer spending has been impressive as well.


2021: +6.1%
2022: +2.5%
2023: +2.9%
2024: +2.8%






United States Full Year GDP Growth

United States (USA) GDP - Gross Domestic Product 2024 | countryeconomy.com




Don't confuse the tRump cult with numbers, it is too hard for them the comprehend.

DOW JONES - 700 POINTS.

No worries.
They must not have any equity investments.
 
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