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submitted 2 years ago by MicroWave@lemmy.world to c/news@lemmy.world

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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[-] withabeard@lemmy.world 182 points 2 years ago

Who's to bet a load of shares get bought up, then suddenly this announcement is rescinded?

[-] ShellMonkey@lemmy.socdojo.com 51 points 2 years ago

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.

[-] MrEff@lemmy.world 12 points 2 years ago

I was already going hard on AI stock, then day of inauguration when he sent the clear message of where tech companies stand in running this country I dumped ALL investment money into AI stock. If I have to live in this hellscape I better at least get to retire in it.

[-] abrake@lemmy.world 27 points 2 years ago

My brother, have you heard about the benefits of diversification? If you want to retire at all, don't put all your eggs in one basket.

[-] JPAKx4@lemmy.blahaj.zone 33 points 2 years ago

If I invested in eggs I wouldn't be in this mess!

[-] Bakkoda@sh.itjust.works 20 points 2 years ago

Everybody was panic buying ! Those stocks were fast as lightning!

[-] someguy3@lemmy.world 14 points 2 years ago

In fact the buying was a little bit frightening.

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[-] SnotFlickerman@lemmy.blahaj.zone 80 points 2 years ago

He wants to annex Canada with half the war machine funding?

He is literally a fucking moron.

[-] Rentlar@lemmy.ca 29 points 2 years ago

Seems like the strategy is for us Canadians to feel so sorry enough with the state of affairs over there, that we'd join the states out of sympathy. Nice try.

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[-] Lucidlethargy@sh.itjust.works 27 points 2 years ago

No, he wants to annex Canada, Greenland, Gaza, and Panama.

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[-] MyOpinion@lemm.ee 79 points 2 years ago

Yes please cut defense spending in half.

[-] Buelldozer@lemmy.today 67 points 2 years ago

Whelp, he's toast. The last Prez to threaten that got domed while visiting Texas.

[-] randon31415@lemmy.world 37 points 2 years ago

Bush threatened that. Then 9/11 happened.

[-] Lexam@lemmy.world 20 points 2 years ago

Literally was listening to NPR on the way to work that day and Rumsfield was on talking about making cuts to the military.

[-] RubberElectrons@lemmy.world 23 points 2 years ago

Here's hoping 🤞

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[-] Nomecks@lemmy.ca 57 points 2 years ago* (last edited 2 years ago)

Wow, they tanked *checks notes* 1.6% and 3.6%. Woooow

[-] rumba@lemmy.zip 18 points 2 years ago

They probably shorted them first

[-] Nollij@sopuli.xyz 44 points 2 years ago

I'm guessing this is all just a ploy to make Lockheed, Northrup, and Raytheon kiss the ring.

Next week, all the classified work will be contracted to them for a steal of only thrice the price, but only once they've publicly kissed his ass enough.

[-] 100_kg_90_de_belin@feddit.it 13 points 2 years ago

Lockheed, Northrup and Raytheon would learn Farsi in a blink if it gave them a better bottom line

[-] flop_leash_973@lemmy.world 42 points 2 years ago

I don't like it when I agree with the general notion of something Trump says or does. Makes me feel dirty.

[-] Stern@lemmy.world 20 points 2 years ago

Broken clocks. If its any consolation he could be, variously-

  1. Floating random shit. Common Trump talk.
  2. Actually wanting to weaken the U.S. militarily, to the benefit of his leash holders.
  3. Fishing for bribes.
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[-] MothmanDelorian@lemmy.world 16 points 2 years ago

Wait until you see how i gets halved. Im willing to bet they axe the VA, any scholastic programs, ROTC et al as most policies are about destroying America.

[-] Fedizen@lemmy.world 14 points 2 years ago

Thats the magic of trump though, when he's vague about things he can sometimes spin them as something agreeable. My guess is he'll keep the regime change bullshit and nix stuff like burn pit procedures, ukraine support, and veterans benefits

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[-] Dasus@lemmy.world 38 points 2 years ago

Putler told Trump to disarm the US lol.

[-] MetalMachine@feddit.nl 36 points 2 years ago

Would be a good thing if it would actually happen but we all know it won't. Happy to be proven wrong however

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[-] slumlordthanatos@lemmy.world 34 points 2 years ago

If he actually tried to follow through, there would actually probably be a military coup.

In America.

[-] HawlSera@lemm.ee 27 points 2 years ago

If he actually halves Pentagon Spending, that would be..... the first good deed he's ever done.

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[-] AnUnusualRelic@lemmy.world 22 points 2 years ago

Well, couldn't the M1 Abrams be replaced with cheaper Tesla cybertrucks?

[-] SkyezOpen@lemmy.world 15 points 2 years ago

"Sir, half of our swastitanks have burned to the ground."

"Who attacked them?"

"Attacked?"

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[-] PrettyFlyForAFatGuy@feddit.uk 19 points 2 years ago

nooooo!! my lockheed shares!!!

[-] cultsuperstar@lemmy.world 18 points 2 years ago* (last edited 2 years ago)

It doesn't need to be halved. They just need to figure out where a large portion of the money goes, since they can't seem to account for it.

[-] Norgoroth@lemmy.world 17 points 2 years ago

Please keep fucking with the defense contractors, surely they won't take any drastic measures against you

[-] uberdroog@lemmy.world 15 points 2 years ago

There was a post just a day or so ago that was basically saying it was time to buy Raytheon:D

[-] IndustryStandard@lemmy.world 14 points 2 years ago
[-] Zink@programming.dev 14 points 2 years ago

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.

[-] __nobodynowhere@sh.itjust.works 13 points 2 years ago* (last edited 2 years ago)

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.

[-] thefartographer@lemm.ee 13 points 2 years ago

My mind came up with a terrible what-if today:

What if Musky is becomes the first trillionaire in the next year or two and then deploys a Tesla-bot army?

[-] alquicksilver@lemmy.world 18 points 2 years ago

For his own sake, he should hope that his bot army performs better than his swastikars.

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[-] driving_crooner@lemmy.eco.br 12 points 2 years ago

They're going to 25 him if he goes close to do it.

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this post was submitted on 13 Feb 2025
612 points (98.7% liked)

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