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

43,694 Views | 876 Replies | Last: 1 day ago by oski003
DiabloWags
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Big C said:

DiabloWags said:

tequila4kapp said:

The market is not always rational. It is a great time for individual investors to buy bargains and for the rest of us to lean into long term investment strategies and diversified portfolios.

What "bargains" are there given all this uncertainty in an economy that looks to be posting negative GDP growth in Q1 and Trump being adamant with tariffs?

It's not like the P/E of the S&P is trading at 15x
It was up at 22x when this decline started.

And you're assuming that the guy in the Oval Office is rational and stable.
He's not.

Last week, Trump blamed the sell-off on the globalists.

Who will he blame it on this week?
Biden?


US Credit Risk Gauge Jumps the Most in 6 Months on Growth Fears







Hunter Biden, George Soros, Obama, DEI... round up the usual suspects.


BWAHAHAHAHA!

YOURE HILARIOUS!

How did Bitcoin do today?

Down $11,000

Blame the Globalists.

MinotStateBeav
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What Trump/Bessent are trying to do.
DiabloWags
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MinotStateBeav said:



What Trump/Bessent are trying to do.


And the market is saying TARIFFS are WRONG.
They are INFLATIONARY and hurt economic growth.

Basic Econ. 1
movielover
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DiabloWags said:

MinotStateBeav said:



What Trump/Bessent are trying to do.


And the market is saying TARIFFS are WRONG.
They are INFLATIONARY and hurt economic growth.

Basic Econ. 1



AntiochWags - What was the inflation rate when President Trump tariffed China - Billy- in 2016?

Previously, Trumps tariffs had revived steel and aluminium.

USA Today, Peter Navarro: "Enter President Joe Biden: He handed out a complex web of exemptions for other countries and alternative trade arrangements that severely weakened the effectiveness of the Trump tariffs. Predictably, imports once again surged, and by 2024, U.S. aluminum capacity utilization had plummeted to a dangerous 52%, with smelters shutting down and American jobs disappearing."

https://www.usatoday.com/story/opinion/2025/02/28/trump-tariffs-aluminum-steel-canada-mexico-economy/80694166007/



bear2034
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DOGE is closing in on $190 billion in savings..
bear2034
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Eastern Oregon Bear
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movielover said:

DiabloWags said:

MinotStateBeav said:



What Trump/Bessent are trying to do.


And the market is saying TARIFFS are WRONG.
They are INFLATIONARY and hurt economic growth.

Basic Econ. 1



AntiochWags - What was the inflation rate when President Trump tariffed China - Billy- in 2016?

Previously, Trumps tariffs had revived steel and aluminium.

USA Today, Peter Navarro: "Enter President Joe Biden: He handed out a complex web of exemptions for other countries and alternative trade arrangements that severely weakened the effectiveness of the Trump tariffs. Predictably, imports once again surged, and by 2024, U.S. aluminum capacity utilization had plummeted to a dangerous 52%, with smelters shutting down and American jobs disappearing."

https://www.usatoday.com/story/opinion/2025/02/28/trump-tariffs-aluminum-steel-canada-mexico-economy/80694166007/

Yeah, Peter Navarro is an unbiased and objective observer.
chazzed
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The blind leading the blind, truly.


chazzed
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I'm sure this lady will be fired shortly, because this does not seem to be efficient at all.


socaltownie
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chazzed said:

I'm sure this lady will be fired shortly, because this does not seem to be efficient at all.



You just can not make this stuff up.
Take care of your Chicken
DiabloWags
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movielover said:

DiabloWags said:

MinotStateBeav said:



What Trump/Bessent are trying to do.


And the market is saying TARIFFS are WRONG.
They are INFLATIONARY and hurt economic growth.

Basic Econ. 1



AntiochWags - What was the inflation rate when President Trump tariffed China - Billy- in 2016?



Trump's tariffs during his first term were akin to a $625 per household tax increase per year, according to the center-right group called the Tax Foundation.

His tariffs this time around are far more sweeping and less targeted than his first term.

Please try and educate yourself with the basics before posting.
It would help facilitate a more informed discussion.

PolitiFact | New Trump tariffs could put even more downward pressure on economy because they're less targeted
movielover
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False. We had no inflation!
MinotStateBeav
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We need to cut federal money from Harvard.



The entire class, "How to use AutoPen"
Eastern Oregon Bear
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MinotStateBeav said:

We need to cut federal money from Harvard.


I suspect Harvard would be willing to stop sending money to the federal government.
bearister
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McLaurine Pinover: Trump official tasked with defending DOGE cuts posted fashion influencer videos from her office | CNN Politics


https://www.cnn.com/2025/03/11/politics/opm-spokesperson-fashion-influencer-videos-invs/index.html

"As the Office of Personnel Management oversaw the layoffs of thousands of federal workers and pressed others to justify their positions, the agency's chief spokesperson repeatedly used her office for a side hustle: aspiring Instagram fashion influencer.

In at least a dozen videos filmed in her OPM office, political appointee McLaurine Pinover modeled her outfit choices for the day, while directing followers from her Instagram account to a website that could earn her commissions on clothing sales."

When the POTUS has monetized his office (merch, crypto meme coins, hawking Teslas, etc.) how can this be considered wrong?
Cancel my subscription to the Resurrection
Send my credentials to the House of Detention

“I love Cal deeply. What are the directions to The Portal from Sproul Plaza?”
MinotStateBeav
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bearister said:

McLaurine Pinover: Trump official tasked with defending DOGE cuts posted fashion influencer videos from her office | CNN Politics


https://www.cnn.com/2025/03/11/politics/opm-spokesperson-fashion-influencer-videos-invs/index.html

"As the Office of Personnel Management oversaw the layoffs of thousands of federal workers and pressed others to justify their positions, the agency's chief spokesperson repeatedly used her office for a side hustle: aspiring Instagram fashion influencer.

In at least a dozen videos filmed in her OPM office, political appointee McLaurine Pinover modeled her outfit choices for the day, while directing followers from her Instagram account to a website that could earn her commissions on clothing sales."

When the POTUS has monetized his office (merch, crypto meme coins, hawking Teslas, etc.) how can this be considered wrong?
You do realize people working with DOGE come from other professions right? When are we getting the Bearister Meme Coin?
bear2034
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Eastern Oregon Bear
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MinotStateBeav said:

bearister said:

McLaurine Pinover: Trump official tasked with defending DOGE cuts posted fashion influencer videos from her office | CNN Politics


https://www.cnn.com/2025/03/11/politics/opm-spokesperson-fashion-influencer-videos-invs/index.html

"As the Office of Personnel Management oversaw the layoffs of thousands of federal workers and pressed others to justify their positions, the agency's chief spokesperson repeatedly used her office for a side hustle: aspiring Instagram fashion influencer.

In at least a dozen videos filmed in her OPM office, political appointee McLaurine Pinover modeled her outfit choices for the day, while directing followers from her Instagram account to a website that could earn her commissions on clothing sales."

When the POTUS has monetized his office (merch, crypto meme coins, hawking Teslas, etc.) how can this be considered wrong?
You do realize people working with DOGE come from other professions right? When are we getting the Bearister Meme Coin?
800 followers doesn't mean you have a profession as a fashion influencer.

If I had done something like that at work and was caught, I'd be suspended without pay immediately and fired within a week or two.
bearister
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"Previously when it posted new claims, DOGE, Mr. Musk's government-restructuring effort, had included identifying details about the cuts it took credit for. That allowed the public to fact-check its work by comparing its figures with federal spending databases and talking to the groups whose funding had been cut.

This time, it did not include those details. A White House official said that was done for security purposes.

The result was that the group's new claims appeared impossible to check."


DOGE Makes Its Latest Errors Harder to Find DNyuz


https://dnyuz.com/2025/03/13/doge-makes-its-latest-errors-harder-to-find/
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Send my credentials to the House of Detention

“I love Cal deeply. What are the directions to The Portal from Sproul Plaza?”
chazzed
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Concerning.


tequila4kapp
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chazzed said:

Concerning.



with mandatory expenses and inheriting a spending bill/budget having an increase of 36B is probably as close to flat as possible
movielover
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Zippergate
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Please tell me this is fake...

bearister
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Digging into claim that Obama created DOGE and Trump just renamed it


https://www.snopes.com/news/2025/03/05/trump-doge-obama/
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Send my credentials to the House of Detention

“I love Cal deeply. What are the directions to The Portal from Sproul Plaza?”
movielover
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So they didn't dig in and focus. Even the Liberal press in his second term called Obama "feckless".
concordtom
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movielover said:

So they didn't dig in and focus. Even the Liberal press in his second term called Obama "feckless".


Not as feckless as the two of you.
sycasey
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There is absolutely no way this guy would ever do a Nazi salute.

bear2034
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sycasey said:

There is absolutely no way this guy would ever do a Nazi salute.
Anarchistbear
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Deport the f&cker. He supports terrorist groups
bear2034
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His wife is pregnant though.
Anarchistbear
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Polyamorist sharia loving mother f$cker
bear2034
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DiabloWags
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Maybe some owners are pissed about owning a crappy product that falls apart?

So nice to see our President the other day violating the Hatch Act and promoting a truck that falls apart.




On Thursday, EV enthusiast site Electrek reported Tesla delivery agents as saying all outbound vehicles have been stopped amid concerns that the glue holding the exterior stainless steel panelling in place is failing.

The issue isn't new but it has remained unaddressed. Owners living in cold weather conditions in particular have been warning about it for weeks, posting images of sharp-edged metal trim protruding from their vehicles and flapping in the wind while driving. Some have even taken to reporting the problem to the federal traffic safety authority NHTSA, Road & Track reported last month.
bear2034
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DiabloWags said:

Maybe some owners are pissed about owning a crappy product that falls apart?

Or maybe you're the one busting windows and spraying Swastikas?

bear2034
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sycasey said:

There is absolutely no way this guy would ever do a Nazi salute.
There is absolutely no way the Democrats would fund the Azov neo-Nazis in Ukraine.
 
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