The richest man in the history of the world will now be in charge oif US economic policy.
Everything will be fine.
shareEverything will be fine.
sharefinally someone with a brain taking the reins
Um...no. He'll be an advisor. Even RFK, who's been swelling around telling everyone he's going to be in charge of several different departments at once, is only going to be an advisor, to the best of my knowledge.
shareThank gods finally someone who knows economics can fix the economics of the USA. I wish Musk could fire 80% of government employees like what he did to X.
shareYeah, because that worked out so well! πππ
https://www.theguardian.com/technology/2023/oct/27/elon-musk-x-twitter-takeover-revenue-users-advertising
https://finance.yahoo.com/news/twitters-revenue-collapses-84-tesla-171535190.html
https://www.deseret.com/business/2024/10/02/x-twitter-loses-80-percent-value-elon-musk-advertising-revenues-antisemitic-tweet/
Advertisers stopped advertising because they had fewer employees?
shareMark my words: It will rebound.
shareTesla stock just went up 150%.
shareWhen Trump and Musk spoke of it, Musk was going to help slash the cost and bureaucracy of government. Trump said early in the campaign that he wanted to eliminate the Department of Education, a shill for teachers' unions.
President Reagan wanted to cut government as well in 1981, but the Democrat control of Congress prevented that. Federal "Reduction In Force" did not really reduce the cost or number of federal employees. Employees were allowed to transfer or were given huge financial settlements. They would never get this in private industry.
During the Reagan era, the Department of Agriculture was bloated and had vast numbers of employees who were simply being paid to collect their big paychecks and do nothing all day. The Democrats prevented Reagan from eliminating Jimmy Carter's Department of Energy, whose employees were also doing basically nothing all day long. Their big projects were not cost effective, so there was no reason to throw money at them. Biden's similarly ineffective Green New Deal was the primary cause of inflation rising from 1.5% to 9% in one year. Billions were paid to Democrat donors. Reagan converted the Energy Department's function into another agency doing military work.
President Carter wanted to introduce "zero base budgeting" in 1977 to cut the federal bureaucracy. But the Democrat Congress, led by radical Senator Ted Kennedy, opposed him from cutting federal jobs and spending, which primarily benefited Democrats. Teddy ran against Carter in the Democrat primaries, and lost.
Teddy ran against Carter in the Democrat primaries, and lost.
oif vey!
shareGilded Age 2.0, here we come. Child labor, Jim Crow, and robber barons will be back in vogue!
share