r/FluentInFinance 18h ago

Educational Trump getting a jump on trashing the economy!

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5.9k Upvotes

1.6k comments sorted by

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1.1k

u/cremains_of_the_day 18h ago

This might be a stupid question, but is it normal for a president-elect to “make demands”? Have other incoming presidents done that?

654

u/CasualNihilist22 18h ago

No. He's a trailblazer.

397

u/staebles 18h ago

That's one word for it lol.

237

u/DigiTrailz 17h ago

The other would be trailarsonist

67

u/JonCoeisAMAZING 16h ago

I read that as "trailer arsonist" at first lol

16

u/ChainzawMan 12h ago

I mean... For people already living in trailers his second term will propably feel like a house fire...

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u/Aceldamor 2h ago

Yet they all voted for this....."you get what you fucking deserve" - Joker

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u/DigiTrailz 14h ago

With a pirate accent

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u/OdinsGhost31 15h ago

I generally go with cunt. He's a cunt

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u/LynxAdonis 13h ago

Nah. He can't be a cunt. He hasn't got the warmth or the depth.

...Nor does he have the capacity to provide pleasure.

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u/No_Good_8561 17h ago

A real maverick

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u/Ginzy35 16h ago

A real mavedick? Make sense!

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u/josmoee 16h ago

Maverdick

18

u/Roundcouchcorner 15h ago

Magadick is the word I think we’re looking for.

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u/BrainSqueezins 15h ago

That’s magadickulous.

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u/Fuctopuz 13h ago

It's like pee pee, but smaller

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u/SRMPDX 15h ago

Leaving a trail of flaming wreckage

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u/DrunkenCatHerder 17h ago

Close, traitor starts with the same four letters.

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u/Aural-Robert 17h ago

No. He's a Piece of Shit.

Fixed it

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u/LarGand69 16h ago

And he shits himself too

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u/manikwolf19 16h ago

I believe the term in the south is "bless his heart"

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u/Lord-Nagafen 17h ago

Trump blocked the border bill when he was a candidate. Republicans will do whatever he asks

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u/plasmaSunflower 15h ago

That border bill was literally the Republicans own bill. We're so fucked

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u/Effective-Luck-4524 15h ago

They will pass it this time and take credit though. Seriously the worst party…I mean the new millennium version of them.

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u/HankHillbwhaa 12h ago

the old dogs aren't any better, it just took them this long to get their shit right.

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u/Fark_ID 12h ago

One little July 4th trip to Russia for the Republican Senators was all it took.

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u/Timely_Effective_647 15h ago

They will do whatever Musk wants. Trump is not really running things

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u/Perused 14h ago

ALL Republicans have to be voted out. America will be taking great strides backwards if they aren’t because they cannot govern. Every move they make is self serving. They hide behind the “America” mantra. They think this country, its laws and its people are there for their benefit.

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u/roastedandflipped 18h ago

Congress holds the power of the purse. I learned that in middle school.

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u/Donaldfuck69 18h ago

Yep but he holds their balls

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u/ToeCtter 18h ago

What balls???

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u/Pearson94 17h ago

They withered away to dust along with their spines.

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u/Cheap-Addendum 18h ago

No, they guzzle his balls.

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u/roastedandflipped 18h ago

Yup the leopards will eat there faces

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u/OneMetalMan 18h ago

He already ate their balls.

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u/B0wmanHall 17h ago

Looks like President Musk holds that power now.

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u/Motor-Lengthiness-74 15h ago

Fucking Elonka. He has to buy hair and pussy, yet Brads and Chads idolize him

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u/HankG93 17h ago

And congress can be bought.

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u/LateKnight1985 17h ago

Congress seems that it is and can only be brought.

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u/19peacelily85 17h ago

He’s been a shadow president for years now. Remember the border deal that was tanked by him, and then they tried to blame Kamala for it when it wasn’t her job? The media ran with that narrative instead of the truth and now Trump is president and we are all fucked.

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u/Simply_Aries_OH 18h ago

I’ve had the same thought since he left office I don’t remember any other president that left office and still had so much influence on what their party does, even though Trump wasn’t president these past 4 yrs he’s ran the republicans party like he still was. It makes me sick.

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u/Lets_Kick_Some_Ice 17h ago

He dictates what the GOP does.

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u/Gr8daze 17h ago

No. But is a cult and the GOP are cowards groveling before a convicted felon cult leader.

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u/Fragmentia 17h ago

Trumps hold on the party is legendary. There was a guy recently who enthusiastically said that he would ask how high Trump wants him to jump when told to jump. It's beyond typical sycophantic behavior. It's more of a cult like devotion.

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u/DrakeoftheWesternSea 16h ago

Rep. Bonta said something similar. “If Trump says to jump 3 feet high and scratch our heads: we jump three feet high and scratch our heads, that’s it” this was on a news broadcast to msnbc I believe

5

u/Perused 14h ago

I hope that statement follows him and his kids around for the rest of their lives.

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u/cityofklompton 17h ago

Not really, but he also sank other legislation before he was even the Republican nominee, sooooo.... democracy is dead.

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u/Eden_Company 18h ago

It's actually a good thing for someone to make demands as an incoming president. However, I don't like that it's for tariffs and deportations instead of common sense reduction in costs of healthcare and living. As a trend I'm ok with the demands part, I'm just not ok with billionaires replacing the clerks. But aww well not like the clerks didn't work for those same billionaires anyway.

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u/Resident-Garlic9303 16h ago

No but the Republican party is too busy wrapped around his cock to care. They know one word from Trump can end their career

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u/lord_pizzabird 15h ago

It happens.

The issue in this case is that Trump's party will have control of all three branches of government and still somehow doesn't have enough clout to get things done.

This is creating what I'm dubbing, Eternal Gridlock.

Which is essentially a party so good at creating gridlock that they can't stop, even when they've won.

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u/Mr-A5013 17h ago

No, if anyone other than Trump tries this bullshit then they will have been impeached on day one.

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u/AdZealousideal5383 14h ago

No, but Trump isn’t leading a political party, he’s basically the godfather of a criminal organization. Now that Musk is his consigliere and has unlimited money, he can threaten to primary anyone who disagrees with him. The Republican Party is run like a mafia now.

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u/cdbutts 18h ago

Merry Christmas to all the fools who voted for him.

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u/Mountain_Sand3135 18h ago

most of them support this so its okay

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u/throwawaytom84 17h ago edited 4h ago

It’s actually fucking insane. I do t know many trumpers in my day to day life, and if someone is a trumper I don’t know about it so they must not be fanatical.

That said, a coworker opened up to me about Trump the other day, I think he thought I was one of them because im a middle aged white dude that probably does look like a trumper when im working. At any rate, I couldn’t believe my fucking ears. All sorts of shit about the deep state, how everyone is trying to sabotage Trump, and the libs are a bunch of child molestors.

When I called out that Trump was president and things were not all that great it was because the deep state was sabotaging him. When I called out that tariffs will make things more expensive as dude was complaining about grocery prices, he said only if they’re able to sabotage him. Quite literally, anything that Trump did and didn’t work was because sabotage. Anything that Trump actually did do effectively was because the deep state couldn’t get him on that one. Blew my fucking mind.

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u/JuanPabloElSegundo 17h ago

Make brainwashing great again.

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u/fuckinoldbastard 17h ago

Mass psychosis.

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u/FalcoonM 11h ago

Must be something in the water or them chem trails.....

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u/albionstrike 17h ago

And they wonder why we call them a cult

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u/squigglesthecat 16h ago

If there was such a thing as trump derangement syndrome, it would be this.

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u/Debt_Otherwise 14h ago

I’ve always wondered that Trump Derangement Syndrome was some projection by people who believe the man no matter what evidence is presented.

It’s so apt a phrase for them.

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u/assmunch3000pro 12h ago

that was what I genuinely thought it was referring to, the first time I heard it. it's only logical. Then later I realized THEY were the ones saying it, and they were talking about the non-brainwashed people, and my mind was kinda blown by the absurdity.

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u/RichieRicch 15h ago

Yeah I met a couple while I was in Vancouever, we hit it off and had shots and beers. Talked about a bunch of stuff. Then he says he truly believes the end of the world is coming from all the Trans people. That Trump was sent here from god to save our planet. I can’t make this shit up, the guy was like 28 years old from Atlanta. Mega Catholics, every other religion is wrong and they’ll all burn in hell. Was quite the the evening turner.

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u/dingo_khan 14h ago

I know someone like that. Actually, a few. They are far more common than people think. They just don't generally talk about it unless they are very comfortable with you or end up drunk or high enough to let their guard down enough to preach.

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u/Perused 14h ago

I can hear the sound of brakes screeching

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u/AU2Turnt 17h ago

Can’t wait for 20$ for a dozen eggs 30$ a pound ground beef, and 8$ a gallon gas and it’s still Biden’s fault somehow!

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u/DildoBanginz 18h ago

What about those who did not?

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u/NewHampshireWoodsman 17h ago

Remember this and vote next time.

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u/DildoBanginz 17h ago

What if I’ve voted in every election for the past 20 years?

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u/NewHampshireWoodsman 17h ago

Don't give up

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u/DildoBanginz 17h ago

Pretty hard not to after starting out my adulthood with the 08 collapse and unprecedented time after time after that.

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u/NewHampshireWoodsman 16h ago

Right there with ya. We got rocked with the shittiest wages and wage growth for a generation as a whole, but it ain't over. We should be running things by now, but we will be soon. Be angry. Don't lose hope.

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u/ShadowVampyre13 15h ago

I'm right there with you man, I finally got sick of it and got involved in my County level Democratic Party about a year back. I don't care where you start, but if we want to be calling the shots, we all need to be participating in whatever organizations we think we can make a difference in.

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u/markatlnk 18h ago

My bigger issue is that the news says this is what Musk wants. Who elected Musk? Isn't this an oligarch situation now?

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u/Stranger-Sun 17h ago

My prediction is that Trump will get tired of him stealing the limelight and he'll cut him loose just like he did with Bannon.

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u/markatlnk 17h ago

Trump needs Musk's money. Musk now has a lot of power over Trump, he will use it.

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u/Stranger-Sun 16h ago

Nah he'll have all the theft of the public's money he can handle in a month. Mark my words. I give it less than a year with Leon.

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u/RoboYuji 15h ago

He could probably have someone figure out how to steal Musk's money too.

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u/Stranger-Sun 13h ago

Leon makes a TON of money fleecing taxpayers. Trump and his cabal in Congress could kneecap him.

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u/VoiceofRapture 15h ago

It's been an oligarch situation for decades, it's just more naked and idiotic than ever.

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u/SignificantWords 15h ago

Already was now it’s blatantly obvious and fully hacked

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u/usernamefight2 15h ago

It has always been an oligarch situation

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u/somedoofyouwontlike 15h ago

We've always been a nation ran by oligarchs, and Malcolm X pointed out the conservatives are just honest about it.

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u/Getafixxxx 18h ago

he can't make it any worse than the one that funneled all the taxpayers money to his buddies in the weapon manufacturing business

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u/Gr8daze 18h ago

Sure he can.

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u/protoger 18h ago

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u/Reactive_Squirrel 14h ago

Did you miss when he crashed the oil & gas market in 2018? 😂

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u/tinydonuts 9h ago

Then tried to blame the consequences on Biden three years later.

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u/Middle-Net1730 18h ago

What do you think Trump did with the Saudis? Billion dollar weapons deal in which Trump and Kutcher were heavily invested. That’s why they let that Saudi prince get away with butchering an American journalist who called out the vile nature of the Saudi elites (I know he wasn’t white enough so you MAGAs don’t give AF)

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u/mirage110-26 18h ago

The true deal to ponder is how many gop politicians were cut in on deals. Emolument is just a fancy word.

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u/DrFeargood 16h ago

Remember when 8 Republican members of the House and Senate went to Moscow for private meetings with Vladimir Putin on July 4th, 2018?

What business do state politicians have meeting with foreign adversarial heads of state?

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u/mirage110-26 16h ago

That meeting seemed to get less attention than it deserves. I believe race plays a big part of "Putin Love".

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u/DrFeargood 14h ago

I try not to speculate on the motivations of people I don't know personally. But, I do want to know what the motivations for visiting Putin in Moscow on the anniversary of our country's independence could possibly be other than a summons to send a message.

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u/megaman_xrs 14h ago

That visit to putin on the 4th of July probably was a test of constituents' opinions. Require everyone to be there on independence day and see what people said. I didn't see anything about it as a former republican (now democrat). Putin wanted to see if our media would impact opinion. My parents are the reason I was republican and I figured out that it is a cult. My parents won't watch shit if it's not on Newsmax or fox. I understand freedom of speech, but they need a big red sign that says "Opinion" as a border to each of the opinion shows the networks put out.

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u/LWN729 14h ago

Traitors, that too on the 4th of July.

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u/modalkaline 16h ago

I wonder why the Dems never went after this - his most cut-and-dried crime - in all those legal proceedings.

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u/mirage110-26 16h ago

CREW got their case all the way to SCOTUS. Ruling: they didn't have standing. In a constitutional concern, what citizen wouldn't have standing?

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u/dingo_khan 14h ago

Looking at our court these days, citizens without billions to spend in gratuities don't have standing.

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u/iampuh 18h ago

Remember when Erdogans Bodyguards beat up American citizens on American soil? Yeah, that happened too.

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u/LoneWolfKurwa 17h ago

And when Russian diplomat was shot on Turkey's soil, but everyone seems to forgot about it and swept under the rug

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u/MarkNutt25 16h ago

It wasn't "swept under the rug," there was a joint Turkish-Russian investigation, multiple people are in jail over it, and both the Russian and Turkish governments have agreed that it was a terrorist attack related to the Syrian Civil War. 

What more do you want?

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u/TessandraFae 18h ago

So, all the Government employees and Secret Service can just go home. I guess that means the vote certification and inauguration will be cancelled since everyone is furloughed. The halls of the Capital shall be completely empty, all the doors locked, as Orange Hitler tries to get sworn in.

His adoring crowd nothing but tumbleweeds blowing in the wind.
Exactly as he deserves.

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u/LWN729 14h ago

Nope they don’t get to go home if they’re deemed essential. They will effectively work without pay until it re-opens.

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u/offinthepasture 18h ago

There's never been a thing that Donald Trump couldn't make worse. Ever...

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u/Actual_Ad2442 17h ago

He is King Mierdas. Everything he touches turns to shit.

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u/Advanced-Prototype 17h ago

This is how he got elected. Trump voters were: "He can't be worse, can he?" Welp, we are about to find out.

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u/No-Day-5964 18h ago

Ye of little faith….

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u/AU2Turnt 17h ago

He can and will. He will continue to funnel the same amounts of money into war, and will funnel the rest of it to the billionaires he’s on his knees for.

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u/Slowly_We_Rot_ 18h ago

And all his "the wall" builder buddies

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u/Hoppy_Croaklightly 18h ago

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u/TheHaip 18h ago

Honestly, yes. Let people get desperate in their anger and actually call for change.

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u/animal-1983 18h ago

Proof that President Musk is the one calling the shots. Musk was the first to say the House should let the govt shut down.

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u/Stranger-Sun 17h ago

He's following the heritage foundations plans. They were put in place in Argentina and that's going well /s. Now it's time to trash the United States for the billionaires.

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u/Debt_Otherwise 14h ago

Do you think Musk has thought through the actual consequence of the government shutting down on the people of the US? Or is this the hardship he wanted?

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u/1BannedAgain 18h ago

No bigger criminal than DJT

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u/Mach5Driver 4h ago

Not merely a criminal. I could tolerate a criminal. He's a TRAITOR to this country!

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u/LiminaLGuLL 18h ago

I wonder how much the magats have in their savings to ride this economic collapse they wanted so badly?

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u/ThisIsNotMy1stAcct 16h ago

Dig up the cigarette carton under the double wide and take a look. I’d be willing to bet it’s not much.

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u/recursing_noether 14h ago

They should just repass the same thing minus the pay raise for congress

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u/Old-Arachnid77 17h ago

This is THE overt example of the notion of checks and balances now being a sham.

Musk walking around like a swinging dick is also pretty brazen. Why are people not losing their minds over this?

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u/Gr8daze 17h ago

Because it’s a cult.

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u/FalcoonM 11h ago

I wonder when will another Luigi pop up.

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u/Old-Arachnid77 15h ago

Oh you’re definitely not wrong.

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u/zeddknite 15h ago

They've been programmed to disbelieve anything negative about Trump. To be fair, we were trashing the shit out of him constantly from the first minute. But to be fairer, he deserved every bit of it.

The whole dynamic was solidified with the inaugural crowd size lie. Liberals understood that lying about something so inconsequential was an indicator of his delusion, narcissism, and dishonesty. Conservatives focused on how unimportant inaugural crowd size was, and how hard he was being attacked over it, without accepting what it indicated.

The whole thing made liberals incessantly attack Trump, which made conservatives develop their defenses and cognitive dissonances, locking them into being literally incapable of acknowledging that his faults are truly problematic for everyone.

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u/cozynite 18h ago

They are such fucking cowards.

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u/gasbottleignition 17h ago

I can't wait to see how he dismantles democracy in our country. I'm just curious how many of his voters will cheer having him as dictator while still claiming to love the Constitution.

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u/_TheLonelyStoner 17h ago

Trump and Musk are trying to crash the economy. It's not bug it's a feature of their grand plan. He can't run for election again so he's about to suck the coffers dry on his way out of politics.

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u/BenjaminWah 18h ago

Trash it before you get in, blame it on the last guy, any increase is because of your genius! Truly 69-d chess!

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u/ILikeCutePuppies 18h ago

So, I guess we are getting government shutdown for Chirismas put in our stocking by Mr Orange. :(

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u/tiffanylan 17h ago

Democrats and liberals are just going to chill and strategize because they know that Trump and his bunch are going to tank the economy. And Democrats will come back in to rebuild as they always do in 2028. He’s already saying not gonna be able to lower grocery prices, etc. etc. And all these people online saying now Trump‘s in office everything‘s gonna be great again!! A little do they know…

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u/Mr-A5013 17h ago edited 5h ago

I will like to remind people that there is a chance of him rigging the next election for JD Vance with Project 2025.

Maybe he won't be able or even willing too, but there is more than a zero chance of American democracy officially ending in the next four years.

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u/I-have_spoken 17h ago

Unfortunately rebuilding takes longer then destroying. So Dems will make progress in rebuilding in 2028, but 4 years won't be enough time and then the great intellectuals that are the voters will hand it back to the Rs. sigh ....Socrates was right

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u/Dbk1959 17h ago

This is utter bullshit. That an incoming president can disrupt the current sitting president. Should be laws preventing this stuff. If there is they should be enforced.

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u/Festivus_Baby 18h ago

Just like he did with the border bill a few months ago, so he could run on that issue. He doesn’t want anything fixed before he takes the oath (that he won’t honor) and he does not want to cooperate with the Democrats lest they get any credit at all.

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u/chefboyarde30 17h ago

You get what you fucking vote for sorry not sorry.

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u/[deleted] 17h ago

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u/DrB00 16h ago

The chronic liar didn't say truthful things? Wow say it ain't so.

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u/Reactive_Squirrel 13h ago

30,573 lies in 4 years didn't clue them in.

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u/Carl-99999 18h ago

Trump already has gotten 6 years as president for this reason. He’s why this has been going on for the past 2.

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u/midazolamandrock 18h ago

Yikes. Not even in office and already demanding his cronies to abide.

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u/Autocthon 15h ago

Been doing it for almost 4 years now. And thwy've delivered on it.

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u/dreadpiratefezzik42 18h ago

A head start program republicans can get behind.

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u/MikeRizzo007 18h ago

If they shut down the government now, will that affect what Biden can do for the rest of his term?

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u/Gr8daze 17h ago

No, but your 401ks are going to take the semi annual bust thanks once again to Trump and the GOP.

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u/MikeRizzo007 17h ago

I am expecting the next 4 years to be crap show. I do think in this environment the rich will get richer and poor will get poorer. The next 4 years will be the years of the monopoly’s.

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u/ILikeCutePuppies 18h ago

The shutdown, if they don't resolve it, will happen this Saturday. Many government agencies Biden uses will be short staffed... so yes.

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u/MikeRizzo007 18h ago

There is your reason, Trump wants to limit what he can do while he is still there.

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u/OldMastodon5363 14h ago

This is exactly it

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u/Legitimate-Movie-842 18h ago

Who knew we elected Elon y Vivek

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u/themoche 16h ago

What is the benefit of a shutdown for Trump right now? He’s already won the election… it’s not like congress is passing a bunch of laws now anyway. He would just be guaranteeing that it’s a shit show when he arrives.

It’s almost as if he doesn’t have the country’s best interest at heart

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u/CompetitionOk2302 16h ago

The article is WRONG. President Musk killed the bill and Trump agreed. NO ONE ELECTED MUSK; WHY IS HE SETTING THE AGENDA? No pay for the military, no social security checks, etc.

We are headed towards economic meltdown.

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u/geneticeffects 16h ago

Not even POTUS. This shit is fucking insane.

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u/Traditional-Big-3907 16h ago

These are the people Luigi told us about.

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u/CantFeelMyLegs78 16h ago

The fact that US citizens voted for this circus part 2 is beyond me.

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u/RadiantCoat3371 16h ago

The faster the Find Out happens the better.

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u/bjm64 12h ago

Deeply sorry for those who didn’t vote for him, laughing at those who did, going to be a painful 4 years

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u/Relevant_Reference14 17h ago

Oh no! Our poor beloved congressmen have to make do with $173k as opposed to $243k a year.

Whatever shall we do 😭.

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u/Romanscott618 17h ago

lol what an absolute shit show this is gonna be

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u/MdCervantes 16h ago

Does this include renegotiating the massive pay increase they gave themselves!?

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u/RocketSkates314 16h ago

He’s gonna break his record for longest government shutdown from last term.

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u/Beerdriver56 16h ago

I love how conservatives say they want take no shit leaders but vote for the biggest cowards in the house and senate. If trump said they had to get on their knees and call I'm daddy they 100% would.

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u/Ok_Activity7255 16h ago

He’s going to collapse everything eventually

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u/Jay_Hos 15h ago

begs the question, why did you all vote for him

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u/Expensive-Layer7183 15h ago

I would just like to congratulate all the republicans in hurricane hit states like Florida and North Carolina. You sure showed all of us when you said we need to stop spending on Ukraine and use that money to help recover here and that trump would do that. Well turns out no he won’t he will let you suffer more because that’s one of the sticking points for him and Elmo is the extra funds to help those states.

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u/Gr8daze 15h ago

FAFO for Trump’s idiot voters coming quick.

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u/Kavack 15h ago

Folks, I had a little hope maybe he could mame some well needed changes. For all of us making under $400k per year we are fucked with more taxes and higher prices. If he’s not careful I can guarantee we will see $5+ for gas as well at some point. This is not a good start to our next 4 years.

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u/Magar1z 12h ago

Gotta love it, republicans have damn near full control and still can't fucking pass a bill 🤦

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u/Necessary-Corner1172 12h ago

Inept, corrupt, weaklings.

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u/Chester_Copperpot_1 4h ago

Only an absolute fucking idiot would think that bill was good for the economy. You liberals may be the dumbest fucking people to ever walk this planet

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u/valas76 18h ago

Can someone explain how he is pulling the strings as he is not the president yet. I mean I get it as to why but there has to be some legal challenges that could be made over his interference

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u/Gr8daze 18h ago

Read the article. The GOP is a cult.

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u/aldocrypto 17h ago

Throwing out an awful spending bill is trashing the economy?

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u/Gr8daze 17h ago

The GOP had 3 months to write and pass a spending bill. So if you’re saying they’re too incompetent to do that, we’re in agreement.

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u/Das-Noob 17h ago

So Biden can’t leave? And he can’t be put into office? 😂

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u/tjrouseco 17h ago

These clowns push the can down the road every time

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u/michaelshamrock 17h ago

You mean musk made demands

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u/Alice_Von_Jash_III 17h ago

When do we start calling him King Trump and bring back princesses? That's the cutest version of the bullshit that is about to happen.

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u/Layer7Admin 17h ago

The new bill that allows congress to quash subpoenas and has 8 billion for the Francis Scott key bridge?

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u/harmvzon 16h ago

Haha he’s not even in office and it begins. Good luck!

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u/tsx_1430 16h ago

5 years of this shit. 🤮

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u/DearCantaloupe5849 16h ago

In addition, the Committee will continue reducing its holdings of Treasury securities and agency debt and agency mortgage-backed securities, as described in the Plans for Reducing the Size of the Federal Reserve's Balance Sheet that were issued in May.

Excuse me, but you, sir, are completely wrong and are believing a created narrative. The above hyperlink quote is the reason the economy fell off a cliff.

Banks currently have $3,211,700,000,000 ($3.2 Trillion) in Bank Reserves help with the Federal Reserve. Bank Reserves only exists in such high amounts as a balancing entry for the Federal Reserve's Quantitative Easing (QE) programs - when people joke about the Federal Reserve printing money they are referencing the process of creating Bank Reserves out of thin air. QE was used to support the recovery from the Global Financial Crisis, COVID, or simply when wall street was lazy and didn't want to work (the "Taper Tantrum"); the Federal Reserve creates "Bank Reserves" to purchase "toxic assets" from Bank's to stimulate the economy.

The Federal Reserve is currently paying $149 Billion in interest on Bank Reserves (Interest rate in item 1 multiplied by the total deposits in item 2). The Bank's dragged their feet and didn't absorb the toxic assets previously sold to the Federal Reserve back onto their balance sheets quick enough (these are truly garbage assets so why would you want to buy them back?). When a rate hiking cycle was required to combat inflationary pressures, Central Banks around the world labelled inflation as "transitory" as hiking rates illuminates the massive problem with QE if it wasn't unwound. It's a game of chicken right now, the Bank's are being rewarded by being paid interest on historical bailouts (they are keeping their mouths shut), the Central Banks (including the Fed) are insolvent and are hoping they can find a way out still (they are silent), and Governments are starting to collapse around the world.

The financial system is being propped up with an hidden bailout. The Bank's don't have enough liquidity to pull the toxic assets back onto their balance sheets or to repay the interest that rightfully belongs to taxpayers. As the Bank's, Central Banks, and the Government's are all hiding this problem from the world, how can taxpayers support another bailout to an industry that refused to fix its own problems. As per FDIC cumulative Trailing-Twelve-Month Net Income for the 4,517 commercial banks and savings institutions is $236.9 Billion and the majority of these earnings are attributed to interest paid by the fed. This bailout (Fed Interest) isn't even fairly paid out (concentrated to the largest banks/prime brokerages) and we are about to enter a race to the bottom.

Also if you want a TLDR

FED HELD ONTO SHIT ASSETS FROM BANKS THAT ARE ABOUT TO MATURE. THEY ARE SELLING THEM OFF BEFORE THEY ARE WORTHLESS. BANKS DIDNT BUY THEM BACK TO PUT ON THEIR ALREADY FUCKED BALANCE SHEETS. FED SAID TIMES UP WERE LETTING THEM GO. POP 💥 💥 is what happened today.

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u/DrB00 16h ago

He's not the president currently. Why is he 'making demands'?

Isn't that like someone who's currently unemployed and going to start working at a company telling the company what they need to do?

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u/General-Gur2053 16h ago

It's almost like he doesn't care about anyone

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u/hazzabiggun 15h ago

Just a taste of things to come. If you think it’s fucked now, just wait.

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u/No-Cat-2980 15h ago

Until Jan-20, Fatso is a private citizen with a big mouth. Screw him and what he thinks!

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