- 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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I don’t like it when I agree with the general notion of something Trump says or does. Makes me feel dirty.
Please keep fucking with the defense contractors, surely they won’t take any drastic measures against you
If he actually halves Pentagon Spending, that would be… the first good deed he’s ever done.
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.
I can see him doing away with seasonal clock shifts by accident at some point.
Whelp, he’s toast. The last Prez to threaten that got domed while visiting Texas.
Wow, they tanked *checks notes* 1.6% and 3.6%. Woooow
Yes please cut defense spending in half.
Twice.
Oh if anyone is going to be successful in Kennedy-ing a President, it would be the military-industrial complex.
Keep cutting spending Donald, you’re doing a great job!
Who’s to bet a load of shares get bought up, then suddenly this announcement is rescinded?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.
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.
He wants to annex Canada with half the war machine funding?
He is literally a fucking moron.
Invasion of Canada doesn’t need much military. It’s just a fact.
You guys are so enamoured with Nazis you forget Vietnam.
Previous losers willing to kill millions for a win.
Why would defence have a “stock”
Defense contractors are mostly publicly traded companies. Raytheon, Lockheed, Boeing etc.
In case y’all forgot Trump’s last term, his general pattern is to constantly announce insane plans and only follow through on a fraction of them. Cutting the pentagon’s budget in half is one of the distractions. Some General will dandy himself up in his class A and jingle some blueprints for a useless wunderwaffe and the defense budget will go up.
I had the “wait, a good thing?” reaction too.
But thinking about potential underlying motivations, it makes complete sense that the compromised traitor holding the reins would want to weaken the military at the same time as destroying the government.
Or maybe it isn’t to help other dictators, and he just wants the opportunity to weed out more people who are loyal to the constitution.
This may signal he is getting pushback from the military which is a very good thing. If he is serious about Canada and Greenland he will need a strong military. It makes no sense to start cutting the budget now.
Refusing unlawful orders is always cool and moral.
holy shit the stopped clock is on the correct time. too bad it wont actually happen
