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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsThe goal of the tariffs is to crash the economy so that Trump's billionaire buddies can get richer.
Trump Doubles Down After Elons Shocking Tank the Economy Confession--Donald Trump seems to have no concerns about Elons Musks recent admission
Just hours after Elon Musk admitted Donald Trumps policies will tank the entire economy, the former president confirmed his plans to let Musk be a part of the destruction, claiming that nobody is going to feel it.
In an interview with Sean Hannity on Tuesday night, Trump lauded Musk as a very exceptional guy and a great cost-cutter when asked about a potential role for the billionaire CEO in his Cabinet. But even more unbelievably, the Republican candidate said with confidence that the American people wouldnt feel the economic impacts of cutting trillions from the budget.
Hell cut costs without anybody even knowing itnobodys going to noticenobody is going to feel it, Trump told Hannity, confirming that Musk does indeed plan to slash $2 trillion from the governments budget.
Musk has proposed heading a Department of Government Efficiency under a Trump Cabinetand the former president has clearly taken him up on it. At Trumps hate-filled Madison Square Garden rally over the weekend, Musk announced that the target is $2 trillion in cuts.
Trimming the budget to the level would have to include cuts to essential government services like Medicare and Social Securityand could result in an initial huge economic crash. But Musk admitted Tuesday that thats all a part of the plan, agreeing with a far-right troll on X that crashing the economy would lead to sounder footing in two years.
The plan sounds strikingly similar to that of Musk and Trumps friend Javier Milei of Argentina. When campaigning for president, Milei promised to take a chainsaw to the state, cut public spending on education and health care, and eliminate the central bank and tens of thousands of government jobs. Since his election last year, Argentina has suffered a deep recession and the worst economic downturn in the country in decades, with 57 percent of the population now in poverty and inflation up 270 percent.
As journalist Kevin Drum noted, Elon is claiming we should literally zero out the entire rest of the federal budget. Everything. The FBI, national parks, food stamps, Medicaid, education, NASA, the EPA, farm support, the NIH, all federal R&D grants, embassies worldwide, the FAA, the Department of Justice, the VA, the weather service, the border patrol, etc. etc. Everything.
Meanwhile, Trumps other horrible economic plans would simultaneously dramatically hike inflation and slow U.S. production and economic growth. But perhaps it shouldnt be a surprise that two bumbling billionaires are planning to manufacture an economic disaster that will disproportionately harm poor Americans.
onecaliberal
(36,330 posts)Ocelot II
(121,486 posts)The billionaire parasites need a host, and without a thriving economy their host has no blood to suck. The stock market crash of 1929 followed by the Great Depression of the '30s ruined a lot of previously-wealthy people. It wasn't just the lower-class people standing in the bread lines.
awesomerwb1
(4,609 posts)being acquired for pennies on the dollar by private equity companies.
Same with farms and agri businesses.