“When you peel back the layers of whimsical, gauzy tech-bro speak, their ideas can be boiled down to one principle: massive cuts to federal programs that, when deployed elsewhere, have caused calamity.”
TL;DR—Massive inflation and horrendous unemployment that cannot be fixed by tariffs or any other “magic words.”
The problem? Musk and Ramaswamy do NOT understand the complexities of government. They think of it as a business (it is not) and that you can apply (cont)
https://www.msnbc.com/the-reidout/reidout-blog/musk-ramaswamy-austerity-doge-rcna181228
… business practices to government (you cannot because it isn’t a business, duh).
Also, just because you have cred in a bank does NOT mean you understand how systems work—Musk HIRES people because he is too stupid to be an engineer (he really doesn’t understand it). Ramaswamy THINKS good idea will save America then has STUPID ways to implement them (how do you transition 2.1 million people to the private sector? Who hires NRC regulators? Some jobs CAN NOT transfer).
Being a CEO… (cont)
Doesn’t mean you are smart, and in this case these people are not, it just means you failed upwards. I’ve known many CEOs in my life and I can name only a few that were cognizant about how they got there. The rest thought it was some innate ability (which they constantly proved they did not possess).
Musk and Ramaswamy will be startled at how a 2.1 million people losing their jobs will trash unemployment numbers—because, well, unemployment is calculated by people not having jobs.
What is disturbing in all of this is they don’t seem to understand they have no game plan… they have, at best, a theory that is has not been proved—that somehow government is wasting money despite the fact it has no investors to please. In fact, government is FAR MORE EFFICIENT at providing goods and services THAN ANY PRIVATE BUSINESS.
Why?
Because it has no investors and does not make a profit.
This is the real reason they want to kill government—to make money. BUT (cont)
You cannot make money killing the system that oversees the system. What you will get is massive inflation, massive unemployment and massive debt. Think Greece or Argentina without the happy ending.
Greece’s unemployment is STILL over 10% and it’s been a decade.
These people are too damn dumb to understand what they are proposing. Margaret Thatcher trashed her country. Reagan turned the US from a creditor country to a debtor country.
Musk thinks he can solve our problem with austerity.
You. Can. Not.
In fact, you will EXACERBATE it. Trump wants massive tax cuts. At the same time, Musk is talking about massive firings. A massive number of people who will no longer be able to buy THINGS. Which means more people lose their jobs. Secondary, tertiary jobs will be lost. This isn’t me talking out of my butt, this is basic economics. Economists have been writing about this before any of you were born.
These people are too stupid to understand they are talking economic extinction.
@Madken65
It’s worse than that—it’s a fundamental misunderstanding of HOW THINGS WORK. Musk has a degree in economics which he MUST have paid someone to take the tests because quite literally the idea of secondary and tertiary jobs is pretty damn fundamental.
As an example, EVERY Congressperson wants a military base because it generates MORE JOBS than just the base. Lose the base, those jobs disappear. And people can’t buy stuff. Which affects the local economy.
It’s just dumb.