- cross-posted to:
- usnews@beehaw.org
- cross-posted to:
- usnews@beehaw.org
KEY POINTS
- Defense stocks dropped sharply Thursday afternoon after President Donald Trump suggested the U.S. could massively cut defense spending.
- Trump has sent mixed messages on military spending throughout his 2024 campaign and in the early days of his presidency.
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Muskrat being involved in this at all is an actual violation of his SGE title. Not that laws are real anymore, but, big ones would be broken.
I don’t like it when I agree with the general notion of something Trump says or does. Makes me feel dirty.
Broken clocks. If its any consolation he could be, variously-
- Floating random shit. Common Trump talk.
- Actually wanting to weaken the U.S. militarily, to the benefit of his leash holders.
- Fishing for bribes.
3 is my guess. Look at tiktok
He’ll direct the savings to creating a new internal police force.
Wait until you see how i gets halved. Im willing to bet they axe the VA, any scholastic programs, ROTC et al as most policies are about destroying America.
Thats the magic of trump though, when he’s vague about things he can sometimes spin them as something agreeable. My guess is he’ll keep the regime change bullshit and nix stuff like burn pit procedures, ukraine support, and veterans benefits
If he actually halves Pentagon Spending, that would be… the first good deed he’s ever done.
I can see him doing away with seasonal clock shifts by accident at some point.
He never will. He sent a message for weapon manufacturer CEOs to chip in, and off course they will gladlyl buy him just like how silicon techies did
Exactly, this is just fishing for a bribe, just like the tariffs. Bribe Trump enough and your program or industry will get a loop hole or passed over for 6 months or whatever.
If Trump fucks with the rich folks - those who have their hands in the pocket of our tax dollars - we’ll be talking about President Vance next week.
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nooooo!! my lockheed shares!!!
Please keep fucking with the defense contractors, surely they won’t take any drastic measures against you
Wow something I actually agree with (even if I know the money won’t be going back to the taxpayer)
Yes please cut defense spending in half.
Twice.
So… a quarter of the original left?
Yeah then do it again!
Do it infinite times!
Why would defence have a “stock”
Defense contractors are mostly publicly traded companies. Raytheon, Lockheed, Boeing etc.
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As opposed to having the government directly design planes and ships and stuff? Even in ‘communist’ countries such as Russia and China, they have companies that compete for business. Remember that essentially all the billions spent with these defense contractors is employing and producing products here as opposed to overseas.
Who’s to bet a load of shares get bought up, then suddenly this announcement is rescinded?
Since the entire thing is contingent on China and Russia agreeing to half their defence budget too, the only thing to bet on is when it will be rescinded.
Playing the market based on the insanity dripping out of this guy daily, not a bad plan. If only there was some actual rhyme and reason to what he does.
I was already going hard on AI stock, then day of inauguration when he sent the clear message of where tech companies stand in running this country I dumped ALL investment money into AI stock. If I have to live in this hellscape I better at least get to retire in it.
My brother, have you heard about the benefits of diversification? If you want to retire at all, don’t put all your eggs in one basket.
If I invested in eggs I wouldn’t be in this mess!
The market manipulation is the rhyme and reason.
You give Trump’s dementia-addled ramblings far too much credit.
He’s just the puppet at this point.
Everybody was panic buying ! Those stocks were fast as lightning!
In fact the buying was a little bit frightening.
Everybody was kung fu fighting.
dude, if you don’t have anything to contribute just don’t type
Dude… WHOOOSH!
No I got it, the song.
The thing is the first two posters changed the lyrics to fit the topic.
You just typed the lyrics to the actual song.
But AI had expert timing.
I bought lockheed martin call options after the way the steel markets rebounded
Edit: just checked volume on LMT. 2.4M today vs an average of 1.35M. Yeeeeeeah. Lot more buyers than usual today
Yay for incredibly immoral investments. It’s disgusting how stock trading has been gamified and divorced from what it actually is, owning and supporting a company.
Work it baby, work it. Insider trading on steroids, or rather Adderall.
Would be a good thing if it would actually happen but we all know it won’t. Happy to be proven wrong however
Would it be a good thing? A lot of our power comes from military spending
And it’s due you lose some
The US shouldn’t have the power that it does, so yes. It would be a good thing.
But if the alt is china, of course the usa is a better option.
Considering how we’ve used that power in Afghanistan, Iraq, and Vietnam? Yes, its a good thing.
We spend more on our military than the next 9 countries combined not including our dark operations that we can’t account for in our budget already.
We could cut our military in half and still be the best funded military in the world.
That problem isn’t other nations, it’s the US and the military industrial complex
But we also sell a lot of that military equipment to allies, making everyone stronger and recouping some of that spending at the same time.
A quick search shows about $300b in sales last year with a spending budget about $800b. Of course, that depends on whether Ukraine survives to be able to repay its debt. But even if it can’t, all the military spending goes to US owned companies or citizens (our soldiers) which circulates in the domestic economy.
And sell a lot of equipment to genocide perpetrators.
Good news, we’re about to have a lot less allies!
Have you ever read the unclassified annual threat assessment? There is an official report the intelligence comminity puts out every year detailing what other nations are doing around the world. And that’s just what theyre allowed to tell us.
Ive read it, and if you look at what they detail out for chinas militarzation moderniation plans, theres not many reasons theyre doing what theyre doing unless to compete with the USA. Not to mention, chinas going faster than what originally was thought, and theyre becoming less reliant on other nations to do it. Thats just 1 nation. The usa has stuck its nose in too many peoples business that if they stop the arms race, there could be a lot of nations coming knocking. Weve painted ourselves into a corner (or at least have the perception of it).
Edit: all that said, theres definitely ways to be more fiscally responsible with our military spending… just look at the f35 or the sentinel program
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The poor F35. Another example of why you don’t build planes by committee.
The military is a jobs program. It’s paying for a ton of education and scientific research too. The first thing to go is going to be the scholarships not the guns.
Been saying it, dude is a gene stealers cultist trying to weaken the country.
Not in this case, surprisingly
The cutting the defense budget in half or an alien asset. Cause this timeline well off the rails.
I just don’t even know how I’d react if he successfully cut the defense budget in half. Would i have to join MAGA at that point?
Because… yeah, I hate everything he’s done or let others do so far. His Cabinet is/ will be a nightmare. I assume this defense cut would come with more egregious tax cuts for the billionaire class.
But cutting that much from our stupid war budget … man that’s such a nice thing to get…
There was a post just a day or so ago that was basically saying it was time to buy Raytheon:D
Well, couldn’t the M1 Abrams be replaced with cheaper Tesla cybertrucks?
“Sir, half of our swastitanks have burned to the ground.”
“Who attacked them?”
“Attacked?”
It just rained sir.
