Don't be giving him goals.
Trump / Musk (other than DOGE)
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Is mocking considered interaction?
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Tulsi Gabbard’s Charm Offensive Draws Skepticism From Republican Senators
In private meetings, Trump’s choice to become spy chief has mixed up details about a key surveillance law
“… Those concerns have largely remained private, and GOP lawmakers are expected to publicly support her despite their misgivings. But further missteps could jeopardize her nomination as Trump prepares to take office.
…
In her meeting with Sen. James Lankford (R., Okla.), Gabbard couldn’t clearly articulate what the role of director of national intelligence entails, two Senate Republican aides and a Trump transition official said. When she met with Sen. Mike Rounds (R., S.D.), Gabbard seemed confused about a key U.S. national-security surveillance power, a top legislative priority for nearly every member on the Senate Intelligence Committee, conflating it with other issues, the aides said.
Senators are under pressure from Trump and his allies to vote in favor of his nominees.
After a Tuesday confirmation hearing for Pete Hegseth, Trump’s pick to run the Pentagon, Elon Musk, the billionaire adviser to the president-elect, signaled his support for launching primary challenges against Republican senators who oppose the nomination. …”
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SEC sues Elon Musk for allegedly failing to properly disclose his Twitter ownership stake | CNN Business
The US Securities and Exchange Commission sued Elon Musk on Tuesday for failing to properly disclose his ownership of X, then known as Twitter, which allowed him to buy shares of the platform at “artificially low prices.”
SEC sues Elon Musk for allegedly failing to properly disclose his Twitter ownership stake
“… The US Securities and Exchange Commission sued Elon Musk on Tuesday for allegedly failing to properly disclose his ownership of X, then known as Twitter, as required by federal law, which allowed him to buy shares of the platform at “artificially low prices.”
Before he closed his $44 billion deal to buy Twitter in October 2022, Musk began to acquire a “significant number” of Twitter shares. By mid-March 2022, he owned more than 5% of the company’s common stock and was required to disclose that to the SEC within 10 calendar days. The filing alleged that Musk failed to disclose that information until April 4, 2022.
…
In keeping these purchases at low prices, Musk “underpaid Twitter investors by more than $150 million for his purchases of Twitter common stock during this period,” according to the complaint, which was filed in DC federal court.
By the close of March 24, 2022, Musk had increased his stake in the company to more than 7%, according to the lawsuit. The next day, he purchased almost 3.5 million shares. Over the next few days, he also expressed interest in acquiring Twitter to members of the company’s board of directors.
… Musk joined Twitter’s board and formally disclosed his stake in the company in early April 2022, according to the lawsuit. By the time he disclosed his stake, he owned more than 9% of the company and “Twitter’s stock price increased more than 27%,” the suit said.
“Musk paid significantly less for the shares of Twitter common stock he purchased between March 25, 2022 and April 1, 2022 than if he had timely disclosed,” the suit said, adding that he spent more than $500 million acquiring shares during that time period. …”
CRHeel94
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Its not that he's a womanizer.
Its not that he's a drunk.
Its not that he comes across as a dick.
Its that he is grossly unqualified to hold that job. Largest group he's led is a platoon? No high-level managerial experience in the military or industry. The level of incompetence is staggering.
Its not that he's a drunk.
Its not that he comes across as a dick.
Its that he is grossly unqualified to hold that job. Largest group he's led is a platoon? No high-level managerial experience in the military or industry. The level of incompetence is staggering.
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The bureaucr
Thanks for posting this. A couple of things struck me:
1. The call Austin made was important enough for it to be made by the Commander in Chief to Putin. It's says a lot that Biden didn't make that call and it was left to the Sec of Defense to handle this issue involving the use of tactical nuclear weapons.
2. The information was brought to Austin and he made the call to his Russian counterpart. Ok, Pete could have made the same call. No one doubts his communication skills and intelligence.
3. Trump would have called Putin directly on this issue.
4. Woodward is a notorious swamp creature so naturally he's going to fawn over Austin.
5. Glad this issue didn't come up when Austin went missing in action for 2 to 3 weeks.
Thanks for posting this. A couple of things struck me:
1. The call Austin made was important enough for it to be made by the Commander in Chief to Putin. It's says a lot that Biden didn't make that call and it was left to the Sec of Defense to handle this issue involving the use of tactical nuclear weapons.
2. The information was brought to Austin and he made the call to his Russian counterpart. Ok, Pete could have made the same call. No one doubts his communication skills and intelligence.
3. Trump would have called Putin directly on this issue.
4. Woodward is a notorious swamp creature so naturally he's going to fawn over Austin.
5. Glad this issue didn't come up when Austin went missing in action for 2 to 3 weeks.
lawtig02
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This is the most terrifying thing I've seen posted here in months.
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Does the Trump Economic Team have a plan? Or even a concept of a plan?
Krugman: We have no idea:
"... That’s not because the Trump team is keeping its plans closely held, nor is it because there are major factional fights. All the evidence suggests, instead, that Trump’s economic team still doesn’t have any plans, or even concepts of plans. All it has are some half-formulated thoughts about how to cater to Trump’s prejudices without doing massive economic damage.
Consider this report from Bloomberg:
So what’s going on here? I don’t think it’s sheer stupidity. What’s happening instead is that Trump’s economic “advisers” realize that tariffs would increase the cost of living, but don’t dare say that clearly when their boss is still posting stuff like this:
So Trump’s economic “advisers” are thrashing around in an effort to cater to Trump’s tariff obsession while somehow delaying or finessing the consequences. I use scare quotes around “advisers” because there’s no reason to believe that Trump will pay attention to advice that contradicts his prejudices. ..."
Krugman: We have no idea:
"... That’s not because the Trump team is keeping its plans closely held, nor is it because there are major factional fights. All the evidence suggests, instead, that Trump’s economic team still doesn’t have any plans, or even concepts of plans. All it has are some half-formulated thoughts about how to cater to Trump’s prejudices without doing massive economic damage.
Consider this report from Bloomberg:
If you spend even a minute thinking about this proposal, you realize that it makes no sense. Phasing in, say, 25 percent tariffs over around 8 months would do almost nothing to mitigate their inflationary impact. Prices would almost surely shoot up as soon as the plan was announced! It would, in addition, induce a mad stampede to get imports in before the full tariffs go into effect — a sort of supply-chain version of the Oklahoma land rush, pictured at the top of this post.
So what’s going on here? I don’t think it’s sheer stupidity. What’s happening instead is that Trump’s economic “advisers” realize that tariffs would increase the cost of living, but don’t dare say that clearly when their boss is still posting stuff like this:
So Trump’s economic “advisers” are thrashing around in an effort to cater to Trump’s tariff obsession while somehow delaying or finessing the consequences. I use scare quotes around “advisers” because there’s no reason to believe that Trump will pay attention to advice that contradicts his prejudices. ..."
1moretimeagain
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When Hegseth was asked how many push-ups he could do, he said he did 5 sets of 47 this morning. I thought that was a kind of an odd interval, but it only now occurred to me that he does 47 pushups because Trump will be the 47th President. Should’ve been obvious.
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(Continued)
"...Stephen Miran, whom Trump has tapped to lead the Council of Economic Advisers, is arguably a more interesting case. Back in November he wrote “A User’s Guide to Restructuring the Global Trading System,” which might qualify as a manifesto if it were intelligible. My sense, however, is that reporters like the Wall Street Journal’s Greg Ip writing about the document have struggled to make sense of what Miran is saying.
I, however, don’t find Miran puzzling at all, thanks to my long experience as (among other things) an economics professor at MIT, Princeton and CUNY. You see, I recognize the genre. Most years, at least one student tries to BS his way through the term paper requirement by producing something with a bunch of learned-sounding references and some gratuitous equations, hoping that you won’t notice the absence of any coherent argument.
And when I say lack of coherence I don’t mean that I disagree; I mean that the document simply doesn’t hang together. Part 3 makes the case for tariffs by arguing that they won’t be inflationary because they’ll lead to a stronger dollar, reducing import prices. Part 4 then calls for an all-out effort to weaken the dollar, using emergency powers if necessary.
Oh, and Miran’s plan for weakening the dollar involves pressuring foreign governments to stop accumulating dollar reserves — in effect, diminishing the role of the dollar as a reserve currency. (That wouldn’t work, but never mind.) Let’s hope nobody tells Trump, who has threatened to impose punitive tariffs on any country that dares move away from the dollar.
OK, I’m probably spending too much time on Miran, who is unlikely to have real policy influence. But then who will?
Which brings me back to my starting point: the incoming administration doesn’t seem to have any economic plan. But the ultimate reason for that absence is fear: everyone is afraid to say anything that might be taken as an implicit contradiction or criticism of Trump’s rantings. ..."
"...Stephen Miran, whom Trump has tapped to lead the Council of Economic Advisers, is arguably a more interesting case. Back in November he wrote “A User’s Guide to Restructuring the Global Trading System,” which might qualify as a manifesto if it were intelligible. My sense, however, is that reporters like the Wall Street Journal’s Greg Ip writing about the document have struggled to make sense of what Miran is saying.
I, however, don’t find Miran puzzling at all, thanks to my long experience as (among other things) an economics professor at MIT, Princeton and CUNY. You see, I recognize the genre. Most years, at least one student tries to BS his way through the term paper requirement by producing something with a bunch of learned-sounding references and some gratuitous equations, hoping that you won’t notice the absence of any coherent argument.
And when I say lack of coherence I don’t mean that I disagree; I mean that the document simply doesn’t hang together. Part 3 makes the case for tariffs by arguing that they won’t be inflationary because they’ll lead to a stronger dollar, reducing import prices. Part 4 then calls for an all-out effort to weaken the dollar, using emergency powers if necessary.
Oh, and Miran’s plan for weakening the dollar involves pressuring foreign governments to stop accumulating dollar reserves — in effect, diminishing the role of the dollar as a reserve currency. (That wouldn’t work, but never mind.) Let’s hope nobody tells Trump, who has threatened to impose punitive tariffs on any country that dares move away from the dollar.
OK, I’m probably spending too much time on Miran, who is unlikely to have real policy influence. But then who will?
Which brings me back to my starting point: the incoming administration doesn’t seem to have any economic plan. But the ultimate reason for that absence is fear: everyone is afraid to say anything that might be taken as an implicit contradiction or criticism of Trump’s rantings. ..."
lawtig02
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There's no plan. There's never been a plan. Or, to put it a different way, the lack of a plan is the plan. As Elon said in his unfiltered way, MAGA won't get where it wants to go without a lot of pain in the short term.Does the Trump Economic Team have a plan? Or even a concept of a plan?
Krugman: We have no idea:
"... That’s not because the Trump team is keeping its plans closely held, nor is it because there are major factional fights. All the evidence suggests, instead, that Trump’s economic team still doesn’t have any plans, or even concepts of plans. All it has are some half-formulated thoughts about how to cater to Trump’s prejudices without doing massive economic damage.
Consider this report from Bloomberg:
If you spend even a minute thinking about this proposal, you realize that it makes no sense. Phasing in, say, 25 percent tariffs over around 8 months would do almost nothing to mitigate their inflationary impact. Prices would almost surely shoot up as soon as the plan was announced! It would, in addition, induce a mad stampede to get imports in before the full tariffs go into effect — a sort of supply-chain version of the Oklahoma land rush, pictured at the top of this post.
So what’s going on here? I don’t think it’s sheer stupidity. What’s happening instead is that Trump’s economic “advisers” realize that tariffs would increase the cost of living, but don’t dare say that clearly when their boss is still posting stuff like this:
So Trump’s economic “advisers” are thrashing around in an effort to cater to Trump’s tariff obsession while somehow delaying or finessing the consequences. I use scare quotes around “advisers” because there’s no reason to believe that Trump will pay attention to advice that contradicts his prejudices. ..."
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Also the fact that he thinks he’s qualified is itself, disqualifying.
lawtig02
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To me, it's that he came to public prominence as a commentator on a right wing television network. Can you imagine what Ramrouser and Callatoroy would be saying if Biden had nominated Malcolm Nance as SecDef? And Nance has immensely more "dust on his boots" than Hegseth does.
