Raw Story: WSJ editorial warns Elon Musk's 'blow-it-all-up' ideas will devastate U.S. economy

[Yavin4]

The board argued, "Our concern isn't personalities so much as Mr. Musk's apparent belief in economic-policy disruption for its own sake. Treasury isn't the Education Department, or Defense, and financial markets don't want to trade one form of policy uncertainty for another. Steady and knowledgeable economic policy hands are needed if Mr. Trump wants to succeed."

https://www.rawstory.com/wsj-editorial-warns-elon-musks-blow-it-all-up-ideas-will-devastate-u-s-economy/

In short, the WSJ's editorial board is saying feel free to fuck up the entire federal govt, but do not fuck with our money.

[Walleye]

1. Just talk of defaulting on the debt can cause the market to crater.

But cheer up Republicans, if the economy crashes, the price of eggs will probably come down

[Yavin4]

3. Truly amazing that people think that Trump's craziness won't affect them.

Everyone sees what they want to see in Trump instead of the truth that's right in front of them.

[dweller]

7. The economy crashes

And eggs become the new coin of the realm


✌🏻

[Walleye]

9. If the chickens don't all die, of bird flu

Do they also intend to trash the agriculture department?

[dweller]

11. Not exactly trash it ...

😐



✌🏻

[not fooled]

22. Oh, especially the USDA

For some reason it's been a particular object of hatred for the RW loons. Expect attempts by know-nothings to gut the USDA except perhaps for the parts that facilitate agricultural exports (because other countries aren't as stupid as the US and don't want our pests and diseases).

I used to know several USDA employees with great jobs (relatively high salaries, excellent benefits) that were enthusiastic red don supporters. I still remember how relieved they were that the country dodged a bullet when Hillary didn't become president. Wonder how they feel now. Bunch of ignorant dumbasses, they were.

[markodochartaigh]

26. You would think that if they were so good

at reading chicken entrails, they could see what would come of voting for Trump.

[Tweedy]

28. But of course

While simultaneously ending SNAP and forbidding the use of fertilizers or pesticides without any scientific advice about how to still grow crops apparently.

Right now, it looks like the goal is to destroy as much of our economic successes as possible. Why? Idk. Do they want to buy distressed property cheap? Do they hate the United States this badly? Ignorance? Arrogance?
It doesn’t really matter why. Stupid destructive crapola is coming.

[Bettie]

31. And getting rid of most of the agricultural workforce

don't forget that piece of the pile of excrement!

Eloon works directly for Putin. Funny thing is that he thinks he will do well after destroying the US for him, but he'll really just get the usual flying lessons from a window.

[Tweedy]

43. The plan is to bring back the Bracero program

I think
All the horrors you can imagine for immigrant farm workers and nobody to care if they die while trying to work.

Basically the notion is to turn the farm into a Pullman’s village during harvest and planting season so the workers owe all of their wages to the company store and some don’t survive the experience.

[Bettie]

49. They really are just

evil...literally evil.

[NickB79]

29. Me looking at my flock of 20 chickens

?a481056

[Dulcinea]

8. The market hates uncertainty more than anything.

That alone will mess with the economy, and people still probably won't get cheap gas & groceries.

[Docreed2003]

2. That's the plan. They've said as much all along

[Yavin4]

5. Few take Trump at his word.

Everybody interprets what he says and thinks that his instability won't negatively affect them.

[BoRaGard]

4. "Ha ha. Suckers and Losers!" - G.O.P.'s Secret Komrade

[Yavin4]

6. Putin ain't doing all of this so that America is economically strong.

That's not his end goal. His end goal is complete control of the West.

[Codifer]

23. WORLD

[Yavin4]

38. Not so fast, my friend

So says China.

[Codifer]

39. Well,

there is that. Mebbe they could go fifty fifty?

Sounds like a Heinlein plot.

[Yavin4]

40. Putin takes the West. China takes the East.

Climate change takes the South.

[rubbersole]

25. Sure seems to be working.

[Yavin4]

37. He knows that the West is run by thoroughly corrupt leaders and the people are dumb and racists.

He is simply exploiting our weaknesses. Us normies expected our highly vaunted institutions to protect us, but we failed to understand that our institutions are only as strong as the people who run them.

[Solly Mack]

10. No shit.

[louis-t]

12. But then he can buy it all up at 25 cents on the dollar.

And isn't that better?

[patphil]

13. The guy is worth over 300 billion dollars. What does he care?

I don't think the WSJ understands what it is that Donald Trump wants to succeed at.
Also, Musk contributed over 100 million dollars to Trump's campaign. He's going to reward Musk, even if it hurts a whole lot of people; something Musk has already says will happen.
So, Musk obviously plans to sell high before the shit hits the fan, and then buy at bargain prices after the crash.
The rich can get richer in times of economic turmoil if they know what's coming. And, Musk knows what his plans and actions will do to the economy.

[rubbersole]

27. Bitcoin will be the new currency to replace the dollar.

Thank you, Elon. Please, some more of your genius for us peons...

[patphil]

44. That is a scary thought indeed.

[bdamomma]

45. Elon

wants the dollar to crash and then introduce cryptocurrency. Elon needs to get his ass out of the US, he's wants to bring South African Apartheid to the US. Vance, Peter Thiel. and Paul Furber.

Read below:

https://archive.ph/20240920072546/https://www.ft.com/content/cfbfa1e8-d8f8-42b9-b74c-dae6cc6185a0

[Biophilic]

14. So the WSJ wants 'steady and knowledgeable economic policy'.

Yup, I fully expect that will come out of trump’s administration. They are just the people to do it. I don’t know whether to laugh hysterically or cry. I can’t believe the WSJ actually said that.

[Skittles]

34. they very much helped to create that monster

NOW they are concerned the monster may do, well, monstrous things

[City Lights]

15. Where was this editorial before the election? nt

[SunSeeker]

21. THIS

[Johnny2X2X]

16. Not fair for the rich...

I think people have to realize that Musk and Trump want to blow it all up, not because they don't think the system works for regular people, but because they think it works too well for regular people. Republicans think working people have it too easy, they think people are lazy and need to work harder for less.

Their whole goal for blowing it all up is to make it easier for the rich to benefit the most from a new system and to ensure the rich have the benefit of preying on working people without government inteference.

That's what this is all about, the rich got sick of draining the working class little by little and decided to take it all at once.

[bdamomma]

46. Just remember

that word "hardship". It's very criminal of them to loot our ACA, SS and other initiatives we have had. All they do is lie, cheat and steal, I hope that they choke on that greed. They have no respect for us whatsoever. They think we are all ignorant (some are).

[Irish_Dem]

17. The goal is to destroy the US economy.

Billionaires can buy up everything ten cents on the dollar.

[relayerbob]

18. They assume Trump's idea of success is for America to "be better"

Not sure that coincides with Putin's idea of success.

[orwell]

19. What's new...

...same as it ever was.

Wait until they come to the realization that money itself is an abstraction, created out of thin air, to give us an illusion of material importance and to ultimately delineate class structures. (Spoiler alert...they won't)

Try eating a bar of gold sometime...

[Nigrum Cattus]

20. Yes they will

Next year is going to be very bad if only 30% of what they
want to do becomes real. If he does fire all the federal
workers that keep the federal gov running the failures
will be overwhelming and cataclysmic. Plan for the worst
and desire for the best.

[rainin]

24. Disaster capitalism. Surely they knew

[no_hypocrisy]

30. Translated: current rich people will lose money and houses and stuff

like the rest of us.

[bdamomma]

47. Will they

jump out of windows??? like what happened during the "crash"

[exboyfil]

32. Seems you might have wanted to remind your investment class readers

of this before the election.

[Skittles]

33. LOL, these assholes

SINCE WHEN DO REPUKES CARE ABOUT THE DEFICIT? FUCK YOU WSJ, you helped sane-wash that traitorous piece of SHIT. FUCK YOU!

[TBF]

35. The Market may be the only thing that can reign Trump in -

according to press this morning he is still looking for someone to be head of Treasury. The WSJ is obviously not amused, so he is looking for someone they will accept.

https://www.cnn.com/2024/11/18/politics/trump-treasury-picks-jockeying/index.html
https://www.reuters.com/world/us/trump-search-treasury-pick-widens-sources-say-2024-11-18/
https://www.washingtonpost.com/business/2024/11/18/trump-treasury-candidates-search/
https://apnews.com/article/trump-treasury-tariffs-cabinet-bessent-lutnick-99db930ea0516673c96f8b524af975f2

[bronxiteforever]

36. Oh Wall Street Journal

[Iris]

41. No shit, Sherlock

[Thrill]

42. They could have warned people before the election

Fuck the media

[Emrys]

48. Liz Truss tried a bit of "disrupting" as UK Prime Minister

She announced £45 billion in unfunded tax cuts with no underlying economic analysis in a mini-budget that cratered the financial markets, slashed the value of the pound, raised mortgage rates and boosted inflation. She lasted less than 50 days in office before she was forced to resign by her party.

She was disruptive alright.