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#kleptocracy

26 posts17 participants1 post today
Replied in thread

@remixtures

Nor do you become a $trn gadget company by pricing items past the purchase threshold ...

... esp. when the cost of living for a large portion of the consumer base has been stretched close to the breaking point even before those insane Trump-tariffs were crushing the economy and hiking every single prize.
¯\_(ツ)_/¯

#kleptocracy & #corruption on full display:

Exclusive: #SpaceX, #ULA to clinch multibillion-dollar #Pentagon launch contract

#ElonMusk's SpaceX & United Launch Alliance are expected to each win a #US #SpaceForce rocket launch contract on Friday worth billions of dollars over the next several years to send some of the Pentagon's most sensitive #satellites into #space, acc/to 2 people familiar w/the procurement decision.

#law #Trump #broligarchy #plutocracy #USpol
reuters.com/business/aerospace

Democrats stall #Stablecoin bill, citing Trump crypto ambitions

Democratic lawmakers want to add language to the bill that would restrict elected officials and high-level government employees from owning and profiting off stablecoin issuers.

americanbanker.com/news/democr

Waters Hill
American Banker · Republicans move stablecoin, other bank bills, out of committeeBy Claire Williams

#Recession Risk on the Rise as #TrumpTariffs Reverberate Globally

#Stocks in every sector & every #market tumble drastically, former #US #allies & adversaries alike plan #retaliatory measures.

Meanwhile #Trump plans to golf at his #luxury Florida resort w/ #SaudiArabia LIV tourney this weekend.

#economy #tariffs #inflation #trumpcession #plutocracy #oligarchy #kleptocracy
reuters.com/world/us/donald-tr

Continued thread

#DOGE also announced drastic cuts at depts that provide critical #SocialServices including #VeteransAffairs [#VA], which administers #healthcare for #veterans, & the #SocialSecurity Administration, which sends out checks to #retired, #disabled & #widowed Americans [money Americans put into the #SSA out of their own paychecks].

#OPM …has laid off >200 of its own employees & allowed >400 to *opt in* to *voluntary* exit programs since #Trump took office…

Continued thread

…One of #Trump's first acts…was to create #DOGE, [supposedly] to root out waste, fraud & abuse, slash govt spending & purge the federal workforce of low-performing, *disloyal* & unnecessary workers.

…In practice,…DOGE has mostly pursued long-time #Republican #policy objectives, shuttering agencies such as #USAID & the #CFPB, which provide a lifeline to the world's needy & protect Americans from unscrupulous lenders respectively.