Trump Prepares to Wreck Economy With Alarming Bank Regulator Plan

Eliminating the FDIC and ending federal protection for depositors' funds is exactly what magas voted for.  Especially the middle class and working class magas.  It's going to be a new day in America, and with the next bank failure magas who lose their money will get just what they wanted.

Which one Trumps billionaire buddies/cabinet members/donors will be the first to offer individual account insurance? Of course proof, you had money, will be required, and claim approval will be at the discretion of an adjuster. And, by the way, you now own no collateral. Leave the keys to your car and house under the doormat on your way out! 

Brilliant!  That is an excellent idea.  Privatize deposit insurance, make it mandatory on all accounts, and for "efficiency" make it a monopoly owned by Jared Kushner's company.  Every time someone opens an account it will be automatically enrolled and there will be a monthly fee deducted from the account.  Yes, there should also be collateral in case there isn't enough money in the account to pay the monthly fee.  I like the idea of claims adjusters.  They will be essential to protect the deposit insurance company's money.

let trump and his pals set the proverbial house on fire, as long as they're the last ones to try leaving while it burns ...

ending federal protection for depositors' funds is exactly what magas voted for.

Do me a favor and point me to where in the article it's going to eliminate depositors fund insurance? 

Hmm.  What do you think "threaten the insurance" in the context of possibly abolishing the FDIC means?

Trump's announced intention is to break stuff. We don't know which breakage will do the most harm. Harm will happen.

I seriously doubt Trump could wreck our economy any more than Biden and his minions already have.

That is a truly ignorant comment as anyone knowledgeable about the state of the economy is aware.

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Have you ever experienced a complete thought?

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I think the same thing about anybody who actually trusts anything Trump says about the economy, or anything else.

the current anminstration [sic] says

Who said anything about what the current administration says?  Here is what economists say as of December 13, 2024 (yesterday):

The US economy has had the strongest recovery from the COVID-19 pandemic of any major developed economy. Annual inflation is approaching the Federal Reserve’s target without a recession, non-managerial real wages have exceeded pre-pandemic trends, consumer spending is continuing to exceed expectations, investment in factories is at record levels, and the United States is a net exporter of petroleum products.

www2.deloitte

Then I guess we are at a impasse and I will let it go at that. You have a good evening Sir.

I presented facts.  You presented, well, nothing.  So yes, we can leave it at that.

Don't confuse them with facts, G. They know what they know and they don't want your steenking facts

Don't confuse them with facts, G. They know what they know and they don't want your steenking facts

If you push a rightwing conservative out of the way of a speeding truck, they'll still complain about the mud getting splashed on their shoes. No matter how fast we recovered after Covid, no matter what tragedies this administration had avoided, nothing will ever be good enough for the rightwing whining bigots. They're still outraged over Trump losing in 2020 and are frantic about how "their" America is being destroyed by the "woke" who dare to point out the endemic injustice and bigotry Trump supporters are attempting to amplify and codify.

I can't wait for trump to attempt utilizing the military to go after his domestic enemies, like he said he would ...

injustice and bigotry Trump supporters are attempting to amplify and codify

Do you have examples to back this assumption up?

Do you have examples to back this assumption up?

1. Republicans push to supposedly safeguard our elections from widespread voter fraud have instituted hundreds of new laws in the last decade that intentionally disenfranchise minority voters, and they did this without ANY actual evidence of widespread voter fraud.

"In its ruling,  the appeals court said  the law was intentionally designed to discriminate against black people. (Republican) North Carolina legislators had requested data on voting patterns by race and, with that data in hand, drafted a law that would "target African-Americans with almost surgical precision," the court said."

North Carolina Voter ID Law Still Struck Down, Despite Republican Appeals : The Two-Way : NPR

"In 2013, the US supreme court gutted the pre-clearance requirement in a landmark case called Shelby county v Holder. In a   5-4 ruling, Chief Justice John Roberts wrote that the Voting Rights Act’s formula used to determine which cities and states had to submit their election law changes was outdated and unnecessary. States like Georgia were now free to implement changes without federal government approval.

The decision unleashed a wave of voter suppression across the country . States once covered by section 5 pre-clearance have enacted new laws requiring voters to show ID, cutting early voting, making it harder to vote by mail,   aggressively removing voters from the rolls   and implementing maps that blunt the electoral power of Black and Hispanic voters. They have also   closed polling places, forcing voters to travel long distances to cast ballots."

Ten years of a crippled Voting Rights Act: how states make it harder to vote | US news | The Guardian

2. The push by Republicans to get rid of black affirmative action and scholarships even though whites enjoyed an even higher level of white affirmative action for nearly 200 years since our nation's founding before black Americans were given 

"'It took Republicans no time at all to take the Supreme Court’s affirmative action decision and use it to attack other educational initiatives intended to support people of color.' In their latest move, the GOP is taking the affirmative action battle beyond the admissions process to now trying to eliminate college scholarships for minorities."

3. Racial disparities in the criminal justice system.

" Black Americans still imprisoned at five times the rate of whites, the crisis of mass incarceration and its racial injustice remain undeniable." "Policing policies that cast a wide net in neighborhoods and on populations associated with high crime rates disproportionately affect people of color, as examined in the second installment of this series. Consequently, people of color are more likely to be arrested even for conduct that they do not engage in at higher rates than whites." "While racial disparities can be found at every sentencing level, they are most pronounced in lengthy and extreme sentences. In 2019, Black Americans represented 14% of the total U.S. population, 33% of the total prison population, and 46% of the prison population who had already served at least 10 years." 

One in Five: Racial Disparity in Imprisonment — Causes and Remedies – The Sentencing Project

4. Racial disparities in the public school system

Systemic racism  affects education quality, as well. School districts with the most Black, Native, and Latino students get  significantly less revenue  than districts with fewer students of color. For districts with 5,000 students, that can mean losing $13.5 million. Less funding means fewer computers, fewer teachers, outdated textbooks, and run-down buildings. Even in schools with resources like gifted education programs, racial disparities are a problem. In  one study , after adjusting for factors like standardized test scores, researchers found Black students were 54% less likely to be referred to gifted-education programs. Lower-quality education and fewer resources affect where – and if – a student attends college, how many loans they need, if they graduate, and more.

10 Examples of Systemic Racism in the USA | Human Rights Careers

There are more but I'll leave it at that. These are all things Republicans claim either don't exist or aren't' their problem as they attempt to continue to ignore the legacy of systemic racism still found in nearly every facet of American life. These are the things being pointed out by the "woke" aka those who are aware of the injustice around them and have the gall to point out the racist status quo that right wing conservatives are desperate to conserve. Trump and his Trumplodites have pushed us back a quarter of a century and want to push us back even further and erase the progress we've made toward being a more perfect union.

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economy

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It wouldn't surprise me if Trump were to appoint Matt Damon, cause after all, he was a brilliant mathematician in Good Will Hunting.  What?  You mean Trump needs a better reason for his appointments?  Oh wait, Trump is having Alex Jones do a background check on him.

They want a major financial collapse. Trump and the billionaire crew have as more cheap money invested globally, so they couldn't care less what happens to the American underclass. We are seen to be worthless and beneath their concern. Especially if Trump's Saudi collaborations keep him afloat. One of his sons announced the biggest tower ever being built overseas instead of here in America. Dirty oil money is fueling the sell out of American interests with Trump and family leading the charge. LIV Golf was an open example of how it's starting here. If other energy takes over the Saudis just splash cash to greedy billionaires and just like that pieces of America go away. Like the way they are going after American farms and water. Trump and crew have every intention of selling America off for parts and tearing down everything. And voters just handed any overseas interests the keys placed in Trump's greedy hands. The dozen or more billionaires he appoints see dollar signs $$$, not the American flag or the American people.

They want a major financial collapse.

Complete nonsense.    No one wants that.     Well except for maybe people like Soros.

IMO its more than that. Both Trump and Musk are pushing for their new favorite, DODGE coin. Trumps interest in having the Fed include trillions in digital money is the giveaway. Destroy the dollar, convert to digital and get away clean. Biggest theft in the history of the world.

I'm not sure I'm understanding the problem. The article states...

While interviewing potential nominees for positions heading up government financial agencies, Trump advisers have floated whether it would be worth dissolving some agencies, like the Federal Deposit Insurance Corporation, or FDIC, according to The Wall Street Journal. The team is considering moving the responsibilities of the FDIC, which include providing deposit insurance for banks, to the Treasury Department, some people familiar with the matter told the Journal.

As far as I can tell from what's stated here, the plan seems to be to fold the responsibilities of the FDIC into the treasury, not end the program. If that is so, what is the basis for the rest of the article? I mean, what's the basis for saying there's not going to be an FDIC program if it gets folded into the treasury? 

Familiar with the phrase"Fox in charge of the hen house"?

Are you suggesting that the Treasury has a motive for wrecking the FDIC? 

Not at all. I saying Trump's pick for treasury secretary, will do as directed and end FDIC.

will do as directed and end FDIC.

Do you think the Treasury will eliminate the insurance fund?

Heard "is going to" for years now................from 2016

Yes. That meme describes it perfectly. 

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As far as I can tell from what's stated here, the plan seems to be to fold the responsibilities of the FDIC into the treasury, not end the program.

And the Treasury is not setup to do that job. How long, and how much would it cost, to get the Treasury there vs leaving it alone?

And the Treasury is not setup to do that job. How long, and how much would it cost, to get the Treasury there vs leaving it alone?

You're thinking of the process wrong, as it doesn't work the way you seem to think. As Nerm_L points out in 7.4, it is mainly an issue of where the FDIC falls in an organizational chart. It won't be the case that the FDIC will be dissolved and its employees sent packing, leaving the Treasury to reconstitute the FDIC all over again. 

To expand on what Nerm_L already mentioned briefly, the FDIC has its own support functions at this time, being independent. That is, there are those employees that actually do the work the FDIC is mandated to do. Then there are those who do the support roles necessary for those core employees to do their jobs. Inspectors, Human Resources, Purchasing, and various other administrative functions that are common to any agency. What such changes seek to do is eliminate the redundancy of a wholly separate support structure and, instead, combine them into one entity, eliminating redundant positions and streamlining where practicable. 

The purpose of such changes is, in the end, to save money by eliminating redundant support functions and positions. Meanwhile, the ones actually doing what the FDIC is supposed to be doing will still be doing it. It won't be the case that current Treasury employees will now have to be trained to do what the FDIC now does, since all that will happen on that front is that this portion of the FDIC will fall under the Treasury instead of being independent. 

Likely there will be some cost to this change, but not as much as keeping the FDIC independent over the long run. The real question is, does what the FDIC does fall neatly within the kind of job the Treasury has? Is it a natural fit? Would the FDIC fit better under the Treasury or the Federal Reserve, for instance? 

Furthermore, it's entirely possible, and perhaps likely, that the FDIC would continue to function independently in spite of falling under the Treasury. 

Also, I would like to note that the main purpose of my posting on this topic is to highlight the irresponsibility of the media concerning articles like this seed. I read another by the BBC that essentially had the same unfounded fear mongering as this one. That is, it recognizes that the FDIC is being considered to be moved to the Treasury and then proceeds with the same fear mongering without explaining anything at all as to why this would mean the elimination of the FDIC. It's just assumed. 

I see this as not simply bad and irresponsible journalism but as an intentional effort to mislead the people, else they would have explained why this move would eliminate the FDIC rather than a simple change to an organizational chart. That isn't what we got. Instead, we were told that the administration is considering having the FDIC fall under the Treasury, with no information about how this would threaten or eliminate the FDIC and, instead, went straight into talking about how people were going to start making runs on banks and whatnot. 

That doesn't bother some people, apparently. It's as if people are perfectly happy with this sort of thing as long as it gives them an appearance of legitimacy in bashing the incoming admin for it. It doesn't seem to matter that a lot of necessary information required for an informed, intelligent opinion is flat out missing. Like, why would this be bad news for the FDIC? How will this be detrimental to it? 

That is, there are those employees that actually do the work the FDIC is mandated to do.

Yes, so why go through the trouble to train others to do it? If not then what's the process for them to report to a whole new department that doesn't understand it's role? I've seen for profit companies try to do this in a small scale and fail miserably. What's that going to look like when a government employees try where no one thinks it should be done and doesn't want to do it look like?

Then there are those who do the support roles necessary for those core employees to do their jobs. Inspectors, Human Resources, Purchasing, and various other administrative functions that are common to any agency.

Are you sure, or are you guessing it's so?

What such changes seek to do is eliminate the redundancy of a wholly separate support structure and, instead, combine them into one entity, eliminating redundant positions and streamlining where practicable. 

Again, how long will it take and at what cost? 

These are the kind of brute-force, macro moves I expected from Musk.    There is a huge difference between classical reorganization practices and improving the effectiveness of an organization through process-reengineering / improvement / automation (and the new kid on the block:  Robotic Process Automation / Process Orchestration).

I will be quite surprised if Musk goes beyond classical organization-based changes and gets into modern (or even classical) process-based changes.

Reorganization is easy (noting that none of this is actually 'easy') compared to the difficult, detail-oriented (but proper) job of reengineering processes.

(In all, I do not expect much of anything Musk recommends to go into effect.)

Yes, so why go through the trouble to train others to do it?

Why would they train others to do it? The FDIC will still be there even if this change is made to fall under the Treasury. The same people doing the FDIC work will still be doing it after the change, should it happen. 

Are you sure, or are you guessing it's so?

Yes, I'm pretty sure. This isn't something that doesn't often happen. It actually happens all the time, both in and out of government. 

Again, how long will it take and at what cost? 

I don't know. If I had to guess, somewhere between a year or two. No idea about the cost, although I can't imagine how it could be all that much. I believe it would mostly be about transferring some functions, such as Purchasers and HR that used to be done inhouse at the FDIC to the Treasury's. Aside from not having two systems in place that could be done by one, it takes the burden off the FDIC so it can focus on its core missions more efficiently. 

Aside from all that, this doesn't address the misleading nature of this article. Are you not concerned by that? 

meh, call me old fashioned, but I'm in favor of maga doing whatever it takes to encourage and justify acts of vigilantism against them in america with any of their attempts to nullify the constitution ...

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I will be quite surprised if Musk goes beyond classical organization-based changes and gets into modern (or even classical) process-based changes.

I will be quite surprised if Musk goes beyond suggestions. Remember Reagan's government waste committee? 

Yes, I'm pretty sure. 

So then you can point me to a name, office address and phone number?

This isn't something that doesn't often happen.

If this happens all the time then why do we need this DOGE group?

If I had to guess, somewhere between a year or two. No idea about the cost, although I can't imagine how it could be all that much.

The devil is in the details and we have none and I expect none. But hey, you're all good because some rich asshole says it's a good thing?

Aside from all that, this doesn't address the misleading nature of this article. Are you not concerned by that? 

I'm more concerned by the misleading nature of the promises coming from the DOGE committee members. They have no power to do anything other than give Congress recommendations. They are wasting our time.

I will be quite surprised if Musk goes beyond suggestions.

Me too.

Not only does he face a battle if he does what I think he will do (make hatchet level change recommendations at an organizational level of granularity rather than the proper approach of reengineering / automating ... processes) due to the (rational) concern for unintended consequences. 

But even if he does do the job right, the costs involved will likely not be viewed by our dickheads in Congress as providing any benefit to them.   In other words, what do they have to gain by voting for a plan to ostensibly make the government more efficient unless they are uber confident that it will succeed in a time-frame that will give them political benefit.

But even if he does do the job right, the costs involved will likely not be viewed by our dickheads in Congress as providing any benefit to them.

That's precisely what happened under Reagan's term. 

I do expect they will try to make a dog and pony show about cutting corporate regulation and oversight. We are already seeing that with the House trying to cut auto company crash reporting that Tesla has actively opposed.

So then you can point me to a name, office address and phone number?

If this happens all the time then why do we need this DOGE group?

The devil is in the details and we have none and I expect none. But hey, you're all good because some rich asshole says it's a good thing?

You now just seem desperate to avoid the point. That this article is just propaganda with almost no truth to it whatsoever. It's just scaremongering meant to influence those who never ask questions. 

Do you know why I know that whatever Musk and Vivek have in mind is something like a relatively simple organizational chart change? Because whatever they do, it can't be anything else. The president has no authority or ability to either create or dissolve agencies or bureaus. He can't change their mandates, either adding or subtracting from them. Only Congress can do those things. The president's job is to make sure they are operating the way they are supposed to. Does the article make this easily discoverable fact plain? Does it even mention this fact? No? I wonder why? 

The only thing said in the article that I agree with is that the Treasury might not be the best fit for the FDIC. Seems like the Federal Reserve would be a better fit, given its mandate. 

I'm more concerned by the misleading nature of the promises coming from the DOGE committee members. They have no power to do anything other than give Congress recommendations.

Um, there's nothing misleading about it. It was known from the beginning that the DOGE was always going to be just an advisory committee and not a part of the government. Again, that's because the president can't create new agencies or bureaus. 

They are wasting our time.

I don't see how they could be wasting anyone's time other than their own. They are an advisory committee. No one has to listen to them and, given the clown show that is the entirety of our government, nobody actually will. All of Congress is too busy wasting their time on conducting investigations that will result in nothing but keeping the sheep entertained. 

Do you know why I know that whatever Musk and Vivek have in mind is something like a relatively simple organizational chart change? Because whatever they do, it can't be anything else. The president has no authority or ability to either create or dissolve agencies or bureaus. He can't change their mandates, either adding or subtracting from them. Only Congress can do those things.

Even though I expect them to at best submit relatively simple and rough organization changes, they could do more.   What they should do is analyze the key (low-hanging fruit) processes (implicitly cutting across organizations) and recommend process changes.   These changes involve reengineering processes to eliminate historical waste and especially modernization of processes ... in particular using automation such as robotic process automation / process orchestration.   Business Process Reengineering is a long standing discipline that has evolved for over three decades now.

But it takes hard work.   Is detail oriented.   And it takes time.   I do not see Musk having the patience for such an approach.   At best, maybe Musk will organize extant BPR efforts in government (BPR is indeed done in the public sector, in particular the GAO) so that they finish, work together, and could go into effect.   I remain skeptical.

These changes involve reengineering processes to eliminate historical waste and especially modernization of processes ... in particular using automation such as robotic process automation / process orchestration.   Business Process Reengineering is a long standing discipline that has evolved for over three decades now.

Not familiar with these processes. Basically, I looked up general overviews on these concepts just now. I have mixed feelings based on what little such a general overview gave me. Generally, process engineering is obviously a good thing, but the better it is, the less trained the individuals using them will be. That is, instead of individuals who do such processes manually now, future employees who then rely on the automated processes may not have the training to take back over should something happen to all that automation (some disaster like a sufficiently destructive CME). 

That should not be read as my being against process engineering. I'm not. I think it's a great idea. I just think that it increases the reliance of society on that system always being there and, therefore, consideration should also be given toward hardening such systems to ensure they are as resistant as possible to downtime. 

But it takes hard work.   Is detail oriented.   And it takes time.   I do not see Musk having the patience for such an approach.

I'm sure that's true enough but I also don't see that as DOGE's purpose beyond recommending such things be implemented as much as possible. Rather, I see its mission as identifying all the problems concerning government efficiency. That means more than simply how the paperwork gets done. It also addresses what we spend money on, fraud, agencies constantly failing audits and similar issues. 

Overall, I don't see the mission of DOGE as trying to implement solutions but, rather, offer solutions for identified problems. I don't think the DOGE can do anything else, given its expected short lifespan. This is of course assuming the DOGE is actually legitimately trying to carry out its goals. Its possible that the whole thing was simply an invention intended simply to increase Trump's election chances. I hope not. Even if my hopes concerning DOGE are fulfilled, by far the hardest part, and the least likely to occur, is that Congress actually does something concerning whatever is recommended. 

I don't see how they could be wasting anyone's time other than their own.

Yet here we are.

Yet here we are.

If you mean you and I, that would be on you, wouldn't it? If you consider this a waste of time, why comment? For myself, I find it worthwhile to point out the deceptiveness of the article, for those who would listen. 

That is, instead of individuals who do such processes manually now, future employees who then rely on the automated processes may not have the training to take back over should something happen to all that automation (some disaster like a sufficiently destructive CME). 

That is true of any technological advancement.   A very basic example is manufacturing.   Machines that produce sophisticated cuts in metals, for example, cannot be replaced by human beings trying to make the cuts by hand.   Not only are there few craftsmen left who can do such work, they would not have the precise tools to do it.   And, of course, it would be pointless to try given human speed.   So this happens as technology advances.  

Automation (especially RPA) absolutely replaces human beings.   Those jobs and their skills evaporate.   In the past, this often freed people from doing work for which the human brain is over-qualified.   Modern AI-based RPA / process orchestration is doing rather cognitive work.   The end result, I believe, is that jobs will become increasingly scarce ... especially with a rising population.   New jobs will emerge of course (e.g. AI prompt engineers), but I do not believe it will be at a sufficient rate.

Now, outside of that, if Trump really wants to make government more effective (and I do not believe he cares about this at all) then we have the skills, knowledge, and technology to make this happen.   It takes a lot of time and work to analyze (untangle) extant processes, identify flaws and waste, redesign the processes, and then reimplement (often using advanced technology).   But this is the way to actually accomplish the objective.

Overall, I don't see the mission of DOGE as trying to implement solutions but, rather, offer solutions for identified problems. 

Thing is, the GAO already does the work that DOGE is supposed to do.   They are arguably the best single source for managing process reengineering in the federal government,   And the staff certainly is of the right mindset (accountants, logicians, statisticians, process analysts, ...) and are charged already with identifying weaknesses in federal processes and systems.   If the government was actually serious about improving its effectiveness then Congress should fund major initiatives pursuant to this under the control of the GAO.   A brilliant serial entrepreneur who is focused more on creating new cool stuff and making radical changes in organization (not careful reengineering in place) is going to make predictable, rough recommendations and will not have the patience to oversee the level of detailed work to formulate detailed process recommendations.

That is true of any technological advancement.   A very basic example is manufacturing.   Machines that produce sophisticated cuts in metals, for example, cannot be replaced by human beings trying to make the cuts by hand.   Not only are there few craftsmen left who can do such work, they would not have the precise tools to do it.   And, of course, it would be pointless to try given human speed.   So this happens as technology advances.   Automation (especially RPA) absolutely replaces human beings.   Those jobs and their skills evaporate.   In the past, this often freed people from doing work for which the human brain is over-qualified.   Modern AI-based RPA / process orchestration is doing rather cognitive work.   The end result, I believe, is that jobs will become increasingly scarce ... especially with a rising population.   New jobs will emerge of course (e.g. AI prompt engineers), but I do not believe it will be at a sufficient rate.

This is a bit far from the topic, but an interesting subject. Essentially, it's a one stage in the pursuit of a post-scarcity society/economy. Sounds good but, in the end, I believe it will be very bad for the vast majority of people. 

Thing is, the GAO already does the work that DOGE is supposed to do.   They are arguably the best single source for managing process reengineering in the federal government,   And the staff certainly is of the right mindset (accountants, logicians, statisticians, process analysts, ...) and are charged already with identifying weaknesses in federal processes and systems.   If the government was actually serious about improving its effectiveness then Congress should fund major initiatives pursuant to this under the control of the GAO.   

Agreed. About the most I really hope for is Musk and Vivek highlighting the worst excesses, especially in spending. Financially, the federal government is a leaky dam when it comes to how it spends/accounts for our tax dollars. That's what I want them to expose most, something that would get much greater exposure than a report from the GAO. 

A brilliant serial entrepreneur who is focused more on creating new cool stuff and making radical changes in organization (not careful reengineering in place) is going to make predictable, rough recommendations and will not have the patience to oversee the level of detailed work to formulate detailed process recommendations.

Perhaps, but he may surprise us. We'll have to see what DOGE produces. While I think Musk is generally a brilliant guy, he needs to focus more on his projects, especially space. Glad he's pitching in but he can't spend too long doing it. 

As far as I can tell from what's stated here, the plan seems to be to fold the responsibilities of the FDIC into the treasury, not end the program. If that is so, what is the basis for the rest of the article? I mean, what's the basis for saying there's not going to be an FDIC program if it gets folded into the treasury? 

That's my read, too.  FDIC is currently an independent agency which means the agency must provide its own support functions, like auditors and inspector generals, that a department provides for a number of agencies.  

People don't seem to understand the government jargon, either.  'Independent' means the agency is not under departmental management and oversight.  The President has direct control over FDIC; the agency does not have its own authority separate from the three branches of government as enumerated in the Constitution.  Only religion enjoys that level of autonomy in the United States.

Under current executive structuring, the President can order the FDIC to do whatever the President wants.  There's no Departmental restraints on the President.  

"no Departmental restraints in the President". That's a damn shame!

Trmp and his minions want to turn the middle and lower classes to a state of serfdom. You get a piece of land, you farm it, then you owe half of it to the corporate oligarchs. They will own us body and soul

oops, they forgot to first disarm the patriotic americans that will defend the constitution ...

Americans recently voted for an absolute 180 from the failures of the progressive left administration currently packing up. This happened because the economy sucked under their watch. Looking at the map, it looks like America wants exactly what Trump is offering.

Hard to argue with that!

I agree.  Trump voters definitely want to get rid of federal deposit insurance so when there is a bank failure they lose their money.   That is exactly what they want and I think it's great!

As for the economy, see Comment 3.1.6, above.  I'm sure you have facts to support your contention about the economy failing.

I'm completely in favor of rwnj billionaires creating banks without FDIC so they can legally bilk trump supporters of all their assets without legal issues or remorse. combine that with the elimination of other social safety nets by maga and it's mostly the gullible morons that voted for the orange menace pushing shopping carts and living under bridges. america, fuck yeah.

the economy sucked under their watch

sounds like covid caused permanent brain damage among the maga cult ...

Looks like Musk has already fucked the GoP in the current budget bill. Now they are talking about taking the farming and disaster money from it and even that's not guaranteed to pass the House. The GoP is going to fuck around and find out what it like to screw with the farmers if they keep it up.

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it looks like musk is holding the maga leash now ...

Very short-lived.

There is no way Musk and Trump will coexist in the same environment.   Trump very likely owes the presidency to Musk, but he will quickly forget that.   Musk, however, likely believes he has an opportunity to be PotUS through puppet-mastering Trump.   He is not going to just back away from that.    Having such influence over government is monstrously lucrative.   I fully expect that Musk wants to be both the richest person on the planet and the most powerful one as well.   The only way that will happen is for him to dominate the public sector as he has the private sector.

How this ends up is predictable, but the way in which this coming clash takes place is anyone's guess.

One possible scenario is for Musk to turn on Trump.   It is not beyond imagination that an anti-Trump Musk could rally business leaders (and thus their lobbyists) against Trump.   The spineless members of Congress will easily switch allegiance from Trump to those who will provide $$$ and benefits to them personally.

An ugly scenario, but arguably better than four years of Trump ruling Congress.

I see trump turning on musk for hogging the spotlight, since musk already has republicans now turning on each other ...

Without a doubt.   This is an unsustainable relationship.

I fully expect that Musk wants to be both the richest person on the planet and the most powerful one as well.   T

Sounds like a comic book villain

Guess which one is Pinky.

(Maybe I should make an Orangey and the Brain poster.)

Generated by ChatGPT based on my description.

The mouse looking one?

All I see is code

I can't even cut and paste it ...

Odd, try now.

Awesome!

trump and his billionaire henchman musk are showing us exactly how to kickstart their maga economy now ...

By kicking ordinary, working class Americans in the ass.

my motto is "don't get mad, get even ...", and since I have to go to the big box stores today, I'll be cruising the parking lots looking for trump bumper stickers with my handy little tempered glass snapper. merry xmas maga fucks ...

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here comes that "massive redistribution of wealth" rwnj's are always squealing about, courtesy of the wealthy people that own the republican party now. correct me if I'm wrong, but isn't this CR that maga is trying to ram thru all because of not wanting to raise the debt limit during the biden term? and now they do? meh, few in the cult will realize the hypocrisy ...