Girl Fight – Fat Tail Daily | Australian Markets

When we left you on Friday the bombs have been bursting in air.

Trump with a salvo:

“The easiest way to save money in our Budget, Billions and Billions of Dollars, is to terminate Elon’s Governmental Subsidies and Contracts. I was always surprised that Biden didn’t do it!”

Replied Musk:

“Go ahead, make my day.”

Steve Bannon advised that Musk be deported…and that his property be seized by the federal government.

Jacobin, a ‘democratic socialist’ magazine, piled on:

”We ought to instantly nationalize SpaceX and Starlink.”

Musk had beforehand advised Bannon to (do one thing vulgar to himself in a disgusting means.)

On Saturday, the sniping continued.

Trump (requested about Musk probably going over to the Democrats):

“If he does, he’ll have to pay the consequences for that…He’ll have to pay very serious consequences if he does that.”

Newsweek:

Musk, as half of the struggle of phrases that erupted on Thursday, requested his followers on X in the event that they thought that America needed a new, third get together to rival the Democrats and Republicans, with over 80 p.c of respondents saying “Yes.”

He’s a “big time drug addict,” Trump replied.

Late night time, stand-up comedians have by no means had a lot to work with. John Oliver:

“ …these two men are real housewives. Both of them have hair that’s expensive and wrong. Both have sketchy business ventures I don’t fully understand. They both spend far too much time online, and if either of them isn’t the center of attention for a single second, they will die.”

We marvel what the previous Republicans would have made of it. What would Dwight Eisenhower have mentioned? Would he even speak to people like Musk, Bannon and Trump? Or would he regard them as low-lifes, unworthy of severe dialog?

But now the Republican Party is dominated by them. And it creates an identification disaster. What does the get together stand for? Does it have any actual rules? Is it nothing more than patriotic wind…empty slogans…jackass insurance policies…and knees that jerk on the sound of immigrant voices?

Are they simply Democrats…with out the woke?

There are three main divisions within the Republican Party. There are MAGA Trumpistas who observe the Big Man and can vote for no matter Trump desires. But there are additionally the RINOs who’re so close to Democrats that they may oppose any important cuts to both social or navy budgets. And there are a few ‘conservatives’ who, in the dead of night of night time, nonetheless hear these previous hymns — calling for much less authorities spending, balanced budgets and decrease debt. A couple of may even recall the voice of Ronald Reagan saying that ‘government is the problem, not the solution.’ And now they may marvel how many new issues are embedded within the 1000+ pages of Big, Beautiful Budget Abomination, BBBA.

With the exception of the ‘conservatives,’ all of them are primarily “democratic socialists,” prepared to offer an elected jefe all the ability he must rebuild the world the way in which they need it. Put up trade limitations? Seize a privately-owned business? Run up a $60 trillion debt? Send within the National Guard! Sure, why not?

The entire concept of one BBBA was unhealthy strategy; the more belongings you stuff into it, the much less doubtless you’re to get everybody’s approval. And the instant downside for Trump’s Big, stunning, price range abomination BBBA, is that it wants nearly all Republicans to associate with it, or it gained’t get by means of Congress.

The deal — like so many of these promised by DJT — doesn’t get performed. No deal in Gaza. No deal within the Ukraine. No deal on ‘reciprocal tariffs.’ No price range deal in Congress. And no deal with Elon Musk.

And so, the ‘clash of the Titans’ continues. It is Chronos vs. Zeus…Indra vs. Vritra…Stalin vs. Hitler — now on show, blow by blow.

So far, it’s more like a lady battle in a high faculty hall than Gettysburg or Stalingrad. Hair will get pulled. Clothes are torn. And the gawkers stand round and hope for a glimpse of flesh. But no one actually will get damage…

…whereas the disaster of US funds grows nearer.

Stay tuned.

Regards,

Bill Bonner,
For The Daily Reckoning Australia

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