Fuck this shit! How do I get in on this grift? Write me a check for $5B and I will believe in climate change all day long.
99.9% of what we read in social media is fake, accept it. Things that are not fake. Televised outbursts, stock market reaction, metrics we can measure with reliability, and the tarrifs flip flopping . Everything else is noise papa. Let it go.
Elon Musk jacks up job cuts to their highest level since July 2020. DOGE job cuts are appearing in some, but not all, labor market data https://finance.yahoo.com/news/doge...-but-not-all-labor-market-data-161429069.html The early impact of job cuts from Elon Musk's Department of Government Efficiency (DOGE) is appearing in some labor market numbers. On Thursday, data from job placement firm Challenger, Gray & Christmas showed job cuts soared in February to 172,017, their highest monthly level since July 2020. This marked a 245% increase in layoff announcements from the month prior. The firm noted cuts from DOGE and "retail woes" drove the increase in job eliminations. "With the impact of the Department of Government Efficiency [DOGE] actions, as well as canceled Government contracts, fear of trade wars, and bankruptcies, job cuts soared in February," said Andrew Challenger, senior vice president and workplace expert for Challenger, Gray & Christmas. Separate data from the Department of Labor, also released Thursday, showed 1,510 weekly unemployment claims were filed in the District of Columbia in the week ending March 1, down from 1,893 but still significantly elevated compared to data over the past year. In a sign unemployed workers are taking longer to find a new job, continuing claims for unemployment benefits remain near a three-year high. Workers filed 1.89 million claims during the week, up from the 1.85 million the week prior. With the hiring rate hovering near its lowest level in a decade, economists have reasoned the steady, elevated level of continuing unemployment benefit claims reflects a labor market in which those without a job are struggling to find a new one. As Federal Reserve chair Jerome Powell put it in a January press conference, "If you have a job, it's all good," but "it's a low hiring environment." This raises the question of whether massive layoffs of government employees could spike the national unemployment rate. In the long run, some economists argue it could push unemployment higher. RBC Capital Markets senior US economist Michael Reid wrote in a note to clients that in a "high-layoff scenario," where about 550,000 jobs are cut, the unemployment rate could rise to 4.3% from its current 4% level. In a "low-layoff scenario," where about 175,000 jobs are cut, the unemployment would rise just one-tenth of a percentage point to 4.1%. Reid's "most likely" scenario sees about 200,000 job cuts pushing the unemployment rate to 4.1%. Still, the timing on any impact isn't expected to be immediate — and likely won't impact the February jobs report due out for release on Friday. "Don’t expect DOGE cuts to show up in the payroll data just yet," Reid wrote. "The timing matters and we still don’t have a clear indication the probation layoffs are final." Consensus expects the labor market added 160,000 jobs in February while the unemployment rate is expected to hold steady at 4%, per Bloomberg data. (Article has charts.)
Oh that efficiency gang (of DOhhhhhGE idiots) are saving the American taxpayers lots of ........... nothing. (WSJ) - {behind paywall} U.S. Suspends Costly Deportation Flights Using Military Aircrafts The Trump administration has conducted roughly 30 migrant flights using C-17 aircraft and about a dozen on C-130s, according to flight-tracking .... + + + Heard estimates that it cost many thousands of dollars for each individual. Haha CMTSUuuuuuuuuuuuuuuuuuuuuuuuuuuuuup
Let's take a look at typical DOGE stupidity. Musk’s DOGE ‘whiz kids’ flew to California to try and release water themselves during LA fires https://www.independent.co.uk/news/...doge-california-water-wildfires-b2711228.html A group of Department of Government Efficiency agents repeatedly pressured a federal official to open a large water pump system in California — and then flew there to do it themselves, according to a new report. DOGE staffers attempted to pressure the acting head of the Bureau of Reclamation to open a water pump system, CNN reports. The staffers wanted to send the water to Los Angeles amid the devastating wildfires in January — even though the system wouldn’t have allowed it to reach the scorched city, CNN reports. Despite this, they still decided to take matters into their own hands. In January, DOGE staffers called the Bureau of Reclamation claiming President Donald Trump wanted water pumps turned on at the Jones Pumping Plant, which sends water to the state’s Central Valley, CNN reports. But when the official didn’t give in, staffers Tyler Hassen and Bryton Shang flew to California to open the pumps themselves and get a photo while doing so, CNN reports. But two issues stopped them. First, the power was off due to planned maintenance. Second, Shang wasn’t an official federal employee yet, meaning he couldn’t access the pump. Hassen couldn’t do it either, CNN reports, because he had to fly back before the power would be restored. “They didn’t get their photo op,” an unnamed source with knowledge of the incident told CNN, adding it represented “what DOGE has been this entire time — this slapstick operation of 20-somethings they’re seeing as whiz kids but have zero knowledge.” Instead, the DOGE X account posted a photo of Shang and Hassen in front of a map, along with other pictures of the plant. White House spokesperson Anna Kelly told The Independent that the administration wanted to turn on the water to “prevent another tragedy like the recent California wildfires.” However, experts say there is no evidence that a water shortage caused the California wildfires, CNN reports. “He will continue to protect America’s abundant natural resources while streamlining federal agencies to better serve the American people,” Kelly said. A White House official also told The Independent Hassen and Shang are Department of Interior employees. Hassen has been previously identified as a DOGE staffer by The New York Times. Soon after the visit, Trump ordered the US Army Corps to open up two Southern California dams at the end of January. This release sent water rushing toward farmland in the San Joaquin Valley, the Los Angeles Times reports, prompting concern from farmers. “This is going to hurt farmers,” water consultant Dan Vink told the outlet. “This takes water out of their summer irrigation portfolio.” Trump ordered the release after claiming that water access issues caused the wildfires that killed nearly 30 people. Trump falsely claimed the LA fires were a result of the state’s water policies. “Photo of beautiful water flow that I just opened in California,” Trump said in January 31 post on X. “Today, 1.6 billion gallons and, in 3 days, it will be 5.2 billion gallons. Everybody should be happy about this long fought Victory! I only wish they listened to me six years ago – There would have been no fire!” The Independent has contacted Hassen and Shang for comment.