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The Economy

Billionaires Battered

The world’s 500 richest people saw their combined wealth plunge by $208 billion Thursday as broad tariffs announced by President Donald Trump sent global markets into a tailspin.
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Elon Musk

The Tesla CEO has lost $110 billion so far this year — including $11 billion on Thursday — as lagging deliveries and his controversial role as Trump’s efficiency czar have hammered the electric-vehicle manufacturer’s stock.
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Thoughts and prayers. 😆
 
Jobs increased but unemployment ticked upward in March.

Data from the Bureau of Labor Statistics released Friday showed 228,000 new jobs were created in March, more than the 140,000 expected by economists, the 117,000 seen in February, and the 158,000 average monthly gain seen over the last year.

The unemployment rate rose to 4.2% from the 4.1% seen in the prior month. February's monthly job gains were revised lower from a previous reading of 151,000.
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February jobs revised lower?!? Will MAGAs say the Trump administration is faking employment data?? 😄
 
This man gets it, too bad most on the left do not. Here Trump's plan is explained in about a minute or so:

 
BrightShinyGirl said:
DOGE hasn’t cut any waste. Raising tariffs high enough to balance the budget will crash the economy. The man in the video is an idiot.
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They discovered it, flagged it, for the Secretaries and the President to cut. What they have found in fraud and abuse is real and in many cases criminal.
 
Rightguide said:
They discovered it, flagged it, for the Secretaries and the President to cut. What they have found in fraud and abuse is real and in many cases criminal.
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DOGE hasn’t found any fraud or abuse.

Maybe DOGE should look at Trump’s tariffs: the so-called reciprocal tariff rates were fraudulently calculated and the tariffs are abusing the US economy.
 
One of the unintended consequences of Trump's Tariff nonsense is that the BRICS countries ambition to replace the US$ as the medium of International Trade has been given a big boost. The EU now has its own good reasons for diminishing the role of the $US. Working out an alternative will not be easy but common interest is a powerful incentive.
 
ishtat said:
One of the unintended consequences of Trump's Tariff nonsense is that the BRICS countries ambition to replace the US$ as the medium of International Trade has been given a big boost. The EU now has its own good reasons for diminishing the role of the $US. Working out an alternative will not be easy but common interest is a powerful incentive.
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I can't see it coming from BRICS, but I can see it from the EURO. The lowest common denominator for money is about faith. The US has taken a huge step to lowering faith in the greenback.
 
Rightguide said:
They discovered it, flagged it, for the Secretaries and the President to cut. What they have found in fraud and abuse is real and in many cases criminal.
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DOGE hasn’t found any fraud. If they had charges would have been filed. DOGE is lying about what they’ve accomplished to justify the money they’ve wasted.
 
BrightShinyGirl said:
DOGE hasn’t found any fraud. If they had charges would have been filed. DOGE is lying about what they’ve accomplished to justify the money they’ve wasted.
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That's 100% BS and you know it. Before charges are filed there will be an in depth investigation, which is now ongoing. Your position is absurd.
 
If all countries drop their tariffs, that won’t bring the balance to trade the ‘rump wants.

Even if all their goods were made here.
Not that any of the building ‘rump is announcing will ever get started. He has played this game before

Greece should be charging the US 4.375% according to the AI model the White Hiuse discovered. It has nothing to do with Tariffs
The EU averages less than 2% tariffs on us
VAT tax?? They pay that on their goods as well!!

Peter Navarro aka .. Ron Nava is a fucking genius dug up by Kusher. An absolute imbecile!! Just like “John Baron”
 
DOGE

Pam Bondi threatens prosecution amid DOGE's findings about fraud: 'We're coming after you'​

Bondi thanked Elon Musk for uncovering 'a tremendous amount of fraud'​

By Andrea Margolis Fox News
Published March 24, 2025 8:07pm EDT

U.S. Attorney General Pam Bondi issued a stern warning to those engaged in government fraud at the most recent Cabinet meeting on Monday.

Speaking with President Donald Trump present at the meeting, Bondi thanked Tesla CEO Elon Musk for uncovering "fraud, waste and abuse" through the Department of Government Efficiency (DOGE) initiative.

"A lot of waste and abuse, but there is a tremendous amount of fraud," Bondi began. "And, Elon, thank you for your partnership. Thank you for your team. You have uncovered so much fraud in our government."

Bondi then revealed that an internal task force is involved with bringing those accused of fraud to justice.

https://www.foxnews.com/politics/pa...es-findings-about-fraud-were-coming-after-you
 
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