Anonymous wrote:Anonymous wrote:This new EO will complete destroy the economy in the DC metro and the US at large. Requiring that agencies get rid of 4 employees for every 1 employee they hire. This rule basically mandates that government agencies reduce their staff by 8% each year. In combination with mass scale RIFs you are easily looking at a 30-50% decline in the federal workforce. In combination with the proposed budget cuts of 250 billion per year, you are looking at job losses in excess of 3 million people for the US. This does not even consider the spillover effects of employed people cutting back on spending due to lower consumer confidence. It will be an unmitigated economic disaster that is completely self inflicted.
This is a declaration of war on the middle class - coming after the tech layoffs over the past two years, flooding the market with experienced and credentialed white collar workers who were (in many agencies) underpaid will stagnate salaries for twenty years.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:This new EO will complete destroy the economy in the DC metro and the US at large. Requiring that agencies get rid of 4 employees for every 1 employee they hire. This rule basically mandates that government agencies reduce their staff by 8% each year. In combination with mass scale RIFs you are easily looking at a 30-50% decline in the federal workforce. In combination with the proposed budget cuts of 250 billion per year, you are looking at job losses in excess of 3 million people for the US. This does not even consider the spillover effects of employed people cutting back on spending due to lower consumer confidence. It will be an unmitigated economic disaster that is completely self inflicted.
This is a declaration of war on the middle class - coming after the tech layoffs over the past two years, flooding the market with experienced and credentialed white collar workers who were (in many agencies) underpaid will stagnate salaries for twenty years.
Most of y’all aren’t qualified for a real job. Hope you can learn a trade.
+1. Everyone complaining should try working a real job like being a plumber. There are plenty of job openings. Plus you just may enjoy it -- much more fulfilling and respectable than sitting at a desk typing "reports" and doing emails for a living.
Lol you think Elon and Trump think a plumber is more respectable than a white collar worker?
When was the last time either sat and had a meal with a plumber?
BTW dh is in IT and deals with alot of our plumbing issues.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:This new EO will complete destroy the economy in the DC metro and the US at large. Requiring that agencies get rid of 4 employees for every 1 employee they hire. This rule basically mandates that government agencies reduce their staff by 8% each year. In combination with mass scale RIFs you are easily looking at a 30-50% decline in the federal workforce. In combination with the proposed budget cuts of 250 billion per year, you are looking at job losses in excess of 3 million people for the US. This does not even consider the spillover effects of employed people cutting back on spending due to lower consumer confidence. It will be an unmitigated economic disaster that is completely self inflicted.
This is a declaration of war on the middle class - coming after the tech layoffs over the past two years, flooding the market with experienced and credentialed white collar workers who were (in many agencies) underpaid will stagnate salaries for twenty years.
Most of y’all aren’t qualified for a real job. Hope you can learn a trade.
+1. Everyone complaining should try working a real job like being a plumber. There are plenty of job openings. Plus you just may enjoy it -- much more fulfilling and respectable than sitting at a desk typing "reports" and doing emails for a living.
Anonymous wrote:I hope everyone in the DMV realizes that these government layoffs are going to cause people in the private sector and small businesses to lose jobs too. If you have ever lived in a factory town when the factory closes, all businesses go down too.
Good luck with your property values.
Anonymous wrote:Anonymous wrote:Anonymous wrote:This new EO will complete destroy the economy in the DC metro and the US at large. Requiring that agencies get rid of 4 employees for every 1 employee they hire. This rule basically mandates that government agencies reduce their staff by 8% each year. In combination with mass scale RIFs you are easily looking at a 30-50% decline in the federal workforce. In combination with the proposed budget cuts of 250 billion per year, you are looking at job losses in excess of 3 million people for the US. This does not even consider the spillover effects of employed people cutting back on spending due to lower consumer confidence. It will be an unmitigated economic disaster that is completely self inflicted.
This is a declaration of war on the middle class - coming after the tech layoffs over the past two years, flooding the market with experienced and credentialed white collar workers who were (in many agencies) underpaid will stagnate salaries for twenty years.
Most of y’all aren’t qualified for a real job. Hope you can learn a trade.
Anonymous wrote:Anonymous wrote:This new EO will complete destroy the economy in the DC metro and the US at large. Requiring that agencies get rid of 4 employees for every 1 employee they hire. This rule basically mandates that government agencies reduce their staff by 8% each year. In combination with mass scale RIFs you are easily looking at a 30-50% decline in the federal workforce. In combination with the proposed budget cuts of 250 billion per year, you are looking at job losses in excess of 3 million people for the US. This does not even consider the spillover effects of employed people cutting back on spending due to lower consumer confidence. It will be an unmitigated economic disaster that is completely self inflicted.
This is a declaration of war on the middle class - coming after the tech layoffs over the past two years, flooding the market with experienced and credentialed white collar workers who were (in many agencies) underpaid will stagnate salaries for twenty years.
Anonymous wrote:He brought his mother to the Dimon meeting?! What’s with all the Linus security blankets?! Mom, toddler son? 😵💫
Anonymous wrote:This new EO will complete destroy the economy in the DC metro and the US at large. Requiring that agencies get rid of 4 employees for every 1 employee they hire. This rule basically mandates that government agencies reduce their staff by 8% each year. In combination with mass scale RIFs you are easily looking at a 30-50% decline in the federal workforce. In combination with the proposed budget cuts of 250 billion per year, you are looking at job losses in excess of 3 million people for the US. This does not even consider the spillover effects of employed people cutting back on spending due to lower consumer confidence. It will be an unmitigated economic disaster that is completely self inflicted.
Anonymous wrote:Anonymous wrote:Brick and mortar stores, particular small businesses, will suffer the most. Commercial real estate has been taking a beating for the last five years and while RTO may help, we are likely seeing a contraction in spending not just regionally but nationally.
I'm personally going to pack my lunch and skip happy hours until my job is secure.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:I heard a lot of defense contracts are getting canned.
Lockheed Martin has been eating high off the hog since 9/11. Having worked there, I witnessed gobsmacking waste. It has to be the same at the other contractors too. So, for them to go through some downsizing is a good thing.
The thing is, I'm all for Lockheed Martin shrinking. And, certainly, there's some dead weight among federal government workers as well. I just don't trust Elon Musk to be surgical and strategic.
Musk is burning us to the ground there is nothing strategic to any of this
The goal is to make you beholden to the king if you haven’t figured that out yet you are literally stupid.
He needs you begging for food and shelter to achieve his goal of domination. Fragile male white Christian ego will be the death of the US.
Trumps just a pawn he’s dumb. Musk is King and there is no reality this ends well for our kids or us.
He’s coming for banks next . FDIC is gone X is your new bank if you survive the crash 80 percent or more of the people on this thread will not. Great Depression before summer hits. He now owns the US Treasury.
His plan is in motion and Republicans are on board. National security is gone. They think they are immune to what’s coming nope North Korea and Russia have some plans for them and us.
Americans are dumb
Anonymous wrote:As someone who works and adds value every day, I wonder how much less I’d have paid for my house if I wasn’t competing with all of you grifting off government welfare. Can’t wait to see the foreclosures.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Whole DMV is screwed. It's not just feds. You understand this wipes out a ton of highly paid lobbyists, lawyers, NGO workers, contractors, etc. the list goes on. Guess what, that also means they spend a lot less now on restaurants, home renovations, replacing rooves, buying cars, etc. etc. The effects will ripple down and obliterate the DMV economy. Everyone complained about the cost of home repairs and upgrades. Well, that may no longer be a problem since contractors are about to get slammed due to lack of spending/work. Restaurants are going to be obliterated. Commerical RE will tank too. It is domsday.
Somewhere in South Carolina there are 25K fed jobs.. Let's see how much MAGA crowd cheers on their own losing jobs. Right now there is a lot of nasty propaganda on X about how DC RE listings are exploding in the last 14 days. Must be "draining the swamp" and everyone cheering on. The reality is that maps for every other metro area I checked look the same, tons for sale. It will certainly be a local recession like it was in every area with a lot of Banking sector jobs in 2008, but areas of foreclosures did much worse, poorer demographics fair far worse, so this job cutting will hit areas outside of DC just the same with people more vulnerable than lawyers here (who are now even busier than before) and IT people who can find remote jobs in private sector and will now be competing with all the idiots cheering on.
I’m sure the felon and F-Elon want red states to collapse so they can buy foreclosures and then resell them with subprime loans. No more CFPB. More $$ for them.