Sunday , February 23 2025
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Admit it, you’ve been played. You’re a fool.

Summary:
You’re getting nothing out of DOGE, yet you are cheering.

Topics:
Mike Norman considers the following as important:

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You’re getting nothing out of DOGE, yet you are cheering.
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

25 comments

  1. This will reduce the next budget.

  2. Things take time Mike, it’s been 3 weeks. Yeesh

    • Excellent point. See my comment.

    • House and Senate need a direction and AMMO for legislation and formal public discussions for midterms… This is a 4 year game…. Trump fires poor performance Fed (Negative impact on economy) from White House, expose waste spending and those voting for it to public AND Congress, drama happens, and then legislation is produced. That's internal… Now external. Tarrifs aren't hard… Mexico is our largest trade partner and they cave with cartel categorized as terrorist group. Canada is important. China is the wild card… We're taking control of Panama. China has influence in Panama… We Tarrif at Panama and at Mexico. Phew… NOW ABOLISH income tax on citizens. Then watch the whole world want to live in the USA

  3. Trump is doing what he said he would do. Shouldn't his supporters be happy?
    Just like Palestinians in Michigan. Yall votes for it. Now enjoy it

  4. Missing Biden yet? 😂

  5. Damn right I’m cheering for DOGE and Musk! If someone has a complaint about government fraud and inefficiency being exposed rather than the fraud and inefficiency itself, they’re part of the problem. Trump does want to reduce taxes. He has only been in office for 3 weeks. Jeez!

  6. Your logic if f***ing absurd.. Looks like you having couple of bad days in NYC..How does it matter if we are getting anything now when you never worried about the same when the funds were being misused in the past. Take a break boomer !!!

  7. This balanced budget talk has me freaked the fuck out. I am seriously considering putting all my holdings in SGOV. How the hell do we protect ourselves fro this disaster?

  8. @SirWilliamBaloney

    less complaining and more pizza

  9. @SirWilliamBaloney

    We're doing tax breaks so big, you'll think it's a typo. We're cutting, slashing, and chopping taxes like it's a reality show finale. Middle class? You're getting so much back, you'll think you've won the lottery. Businesses? We're making America the tax haven of the world, jobs will be pouring back like water from a broken dam. And loopholes? Gone. Poof! Like magic. It's going to be so great, so tremendous, you'll be laughing all the way to the bank. Yuge, just yuge.

  10. @financeeconomics1057

    I think it's more about the principle of the matter.

    But yeah it should come back to us in the form of taxes or investments in public infrastructure.

    I think that's in the plan, cutting taxes.

  11. The extra money “recovered” will be diverted into Space Force, which will be run by, guess who?

  12. @RichardWagenknecht

    Welcome to project 2025. You were warned.

  13. @barrymcbrush5452

    When we fight fire with fire, sometimes everything burns to the ground. At least good men are fighting the good fight for a change. In a big way. How it all plays out for the markets etc? Having access to Mike's MMT Reports is a must have!!!!

  14. I’m really glad you’re saying this. I feel horrible that USAID is being destroyed. I literally feel the panic of the children and helpless women who will SUFFER. But I didn’t know what to say to people who think they are “fighting corruption.” But yeah, what ARE they getting out of it?

  15. 😂 the pork is crazy but comical.. sure they use it for clout, shock and awwe, provoking people etc but it's not something new.. so don't be surprised, when your money finance perverted stuff, whether it's some strange research or public s*x parties..
    dr phil made some about it recently..
    can always check rand paul.. he even took/made the festivus thing, not really celebrating their festivities, but almost makes it like a holiday..

  16. Slashing unproductive and destabilizing spending is a great thing, I’m stoked, but I want those monies repurposed into productive spends like more solar and nuclear plants, more schools, free healthcare would be nice. We ought to be thinking in terms of productivity of the spend and always adding to the money supply. Glad they are going after the deep state but they kind of aren’t also, we aren’t focused on USAid spending so much on regime changes and provoking the war in Russia through two coupes, no we are focused on DEI BS that needs to stop but also isn’t the big spend. I fear greatly that if we don’t grow money supply while we are turning on tariffs we are going to have a sharp and prolonged recession that will in fact mark the end of our empire.

    • I'm with you, but it's probably not going to happen. It will just be repurposed into government "savings," which helps nobody.

    • @ they’re going to crash the economy. What’s the saying, “the path to hell is paved with good intention.”

  17. The only thing people are getting out of it is being able to blame democrats. It's childish. I agree – let's get a tax break!

  18. Take a chill pill Mike. Trump has only been in office for a few weeks. That money should be returned to pay down the national debt which is in the trillions.

  19. @youcanthandlethetruth6007

    But if the dollar becomes Zimbabwe, that won’t help the richest guy in the world. That’s the incentive for Muskrat.

  20. I like this guy

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