Musk warns ‘hardships’ await us
12th November 2024 · 0 Comments
President-elect Donald J. Trump says he will “Make American Great Again, again! His pledge has earned him another go at the presidency, beginning January 2025.
Elon Musk, who has become a close advisor to President-elect Trump thanks to the approximate $130 million contributed to the Trump campaign, revealed prior to Election Day that before the greatest is restored, there will be “hardships” ahead.
Everyone’s going to have to take a haircut…We can’t be a wastrel…We need to live honestly,” Musk said.
“There is so much government waste that it’s kind of like being in a room full of targets like you can’t miss – you fire in any direction you’re going to hit a target.
“As a country, we need to live within our means,” he said an envisioned going through all government expenditures “one item at a time, no exceptions, no special cases.”
Does everyone include everyone, though?
Musk, an immigrant who was born in 1971 and raised in racist, apartheid South Africa, is getting billions from the U.S. government to lead rocket science projects without an engineering degree.
A New York Times analysis found that Tesla, Musk’s electric vehicle company, and SpaceX, his aerospace firm, have gotten $15.4 billion in government contracts over the past decade.
According to the analysis, NASA and the Department of Defense have the largest contracts with SpaceX, totaling $11.8 billion and $3.6 billion, respectively, over the past 10 years.
One can only wonder if Musk’s contracts will get a haircut because to make America Great Again, again, there are “no exceptions, no special classes.”
Trump has vowed to cut ten regulations for each regulation put in place by the Biden administration.
Does that include cutting necessary life-saving regulations that keep Americans safe, whether they concern pollution from the oil and gas industry, food safety regulations, clean air and clean water regulations, or environmental regulations.
Even before the election, twenty-three Nobel Prize-winning economists endorsed Vice President Kamala Harris over Trump in a joint letter, citing their concerns about his economic agenda and its potential negative economic impact.
Nearly two dozen economists said Trump’s economic agenda, which includes hardline tariff proposals and aggressive tax cuts, would “lead to higher prices, larger deficits, and greater inequality.”
More than anything, they wrote, Trump would undermine the rule of law and political certainty, “the most important determinants of economic success.”
Some analysts are predicting a recession, and depending on the news source, Trump’s tariffs on essential household items could cost American families between $4,000 and $7,000 annually.
Are breadlines ahead?
For those of us not familiar, it was during America’s Great Depression, when millions of people who had lost their jobs, stood in line waiting for free food, typically distributed by a charitable organizations.
This potential financial burden is not just a cause for concern, it’s a heavy weight.
Time will tell if its a heavy weight that will be carried by all.
Anyone willing to bet if the word “all” means “all.”?
This article originally published in the November 11, 2024 print edition of The Louisiana Weekly newspaper.
