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Anonymous wrote:The stock market is rallying. No one else sees this as economic doomsday.
And, these cuts affect DC based feds a lot more. Feds outside of DC might lose their job, but their community will remain robust. Real estate won't crater, and the job market will won't be oversaturated the way it will be in DC.
DC feds are hosed. RIP the job market, real estate market, tax base, etc.
Maybe. However, RTO could boost the DC economy. When COVID hit and everyone started WFH,
local restaurants, dry cleaners, coffee shops, hair salons, professional clothing stores, etc had to lay off a lot of workers or close entirely. RTO for federal workers, even a reduced number, could have a ripple effect by boosting these businesses. Similarly, companies contracting with the government may move their offices to DC in order to be closer to their customers, and the number of trade shows may increase as well.
I'm not spending on any of the above until further notice. Too risky.
Notice from whom? And any cutbacks will only be temporary. Once you're more comfortable with your current situation, you will spend on these things.
As for when, Trump and DOGE need to be done with their shock and awe before things gear up for the midterms, which means Christmas of this year, if not earlier (they won't want to be Grinch, so probably October). Identifying fraud and waste will continue because those are a cudgel the GOP can wield against vulnerable Democrats.
They have a 180-day plan. Washington Post got a copy of it.
The notice would be from me. Who else is going to give me a notice when we have a government that has eliminated communications from federal agencies??
Of course, we hope cutbacks are only temporary. Most of those things though? I won't go back and spend on them. I make my own coffee or don't drink it. I know how to cut my own hair. I rarely need a dry cleaner.
Great, so we know the current chaos will last 6 months. Will the government resemble what it was? No, it won't. But families will figure things out. This is not a general state of turmoil for the economy like the Great Depression, Great Recession, or even Covid-19. It is a rapid restructuring of the Federal government. Many wish Trump would have done what Clinton did in the 1990s and take 6 months to study the problem, then reduce the Federal workforce by 377k jobs.
Trump made a determination that he didn't have 6 months to do what needed to be done. So he skipped the study and went straight to offering buyouts, etc...
Because, why again? Is that when Musk takes over officially, or is it Vance?
Because of politics. Republicans have a very narrow house majority. Moving slow like Clinton would give Democrats time to maneuver, potentially blocking any layoffs, or even a study of who to lay off. Just look at the slew of TRO requests - it would be worse. The smart move for Democrats would be to get in front of this train and co-opt it. But they have their own politics that forced them to come out against layoffs.
Put simply, he Trump had to do it quickly or it wouldn't happen at all.
With regard to schadenfreude, why bother? Do you enjoy saying "I told you so?"
If you're not affected, spend that emotional energy comforting someone who is. Offer them a job or financial assistance until they land one. Otherwise,you're no better than what you accuse MAGA of being.