this post was submitted on 13 Feb 2025
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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 1 year ago (6 children)

Who's to bet a load of shares get bought up, then suddenly this announcement is rescinded?

[–] ShellMonkey@lemmy.socdojo.com 51 points 1 year ago (4 children)

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.

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[–] Bakkoda@sh.itjust.works 20 points 1 year ago (1 children)

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

[–] someguy3@lemmy.world 14 points 1 year ago (5 children)

In fact the buying was a little bit frightening.

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[–] SnotFlickerman@lemmy.blahaj.zone 80 points 1 year ago (24 children)

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

He is literally a fucking moron.

[–] Rentlar@lemmy.ca 29 points 1 year ago (1 children)

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 1 year ago (2 children)

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

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[–] MyOpinion@lemm.ee 79 points 1 year ago (1 children)

Yes please cut defense spending in half.

[–] Buelldozer@lemmy.today 67 points 1 year ago (4 children)

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

[–] randon31415@lemmy.world 37 points 1 year ago (1 children)

Bush threatened that. Then 9/11 happened.

[–] Lexam@lemmy.world 20 points 1 year 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 1 year ago

Here's hoping 🤞

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[–] Nomecks@lemmy.ca 57 points 1 year ago* (last edited 1 year ago) (1 children)

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

[–] rumba@lemmy.zip 18 points 1 year ago

They probably shorted them first

[–] Nollij@sopuli.xyz 44 points 1 year ago (1 children)

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 1 year 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 1 year ago (4 children)

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 1 year ago (1 children)

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 1 year 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 1 year 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 1 year ago

Putler told Trump to disarm the US lol.

[–] MetalMachine@feddit.nl 36 points 1 year ago (13 children)

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 1 year ago

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

In America.

[–] HawlSera@lemm.ee 27 points 1 year ago (3 children)

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 1 year ago (1 children)

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

[–] SkyezOpen@lemmy.world 15 points 1 year ago (1 children)

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

"Who attacked them?"

"Attacked?"

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[–] ininewcrow@lemmy.ca 21 points 1 year ago

Are you kidding .... who the hell believes anything this idiot says any more. If any one does, then you are just as dumb or dumber than this orange cheeseball.

He is the master of deception, lies and misdirection .... he'll say one thing, everyone panics and runs around scared or angry and while they panic, he goes behind everyone to pull off some cheesy lame ass scam that would have been easy to stop otherwise but he gets away with it because everyone is preoccupied.

The stocks will jump up and down at his every whim and because he is the one directing the show, he'll profit by betting on when the fall occurs and when the rise returns. He'll skim off everyone's wealth over and over again until we're all bled dry.

[–] PrettyFlyForAFatGuy@feddit.uk 19 points 1 year ago

nooooo!! my lockheed shares!!!

[–] cultsuperstar@lemmy.world 18 points 1 year ago* (last edited 1 year 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 1 year ago

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

[–] uberdroog@lemmy.world 15 points 1 year ago

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

[–] Zink@programming.dev 14 points 1 year ago (1 children)

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 1 year ago* (last edited 1 year 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.

[–] IndustryStandard@lemmy.world 14 points 1 year ago
[–] thefartographer@lemm.ee 13 points 1 year ago (8 children)

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 1 year 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 1 year ago (4 children)

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

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