As the Financial Times reports, Trump Media and Technology Group (TMTG) revealed that it was planning to sell more than 142 million shares in a late Tuesday filing with the Securities and Exchange Commission.
Most notably, the shares listed in the document include Trump’s 114-million-share stake, which is worth roughly $2.3 billion and held in a trust controlled by his son Donald Trump Jr. Other insiders, including a crypto exchange-traded fund, and 106,000 shares held by US attorney Pam Bondi were also included in the latest filing.
While the filing doesn’t guarantee any future sale of shares, investors weren’t exactly smitten with the optics. Shares plunged eight percent in light of the news, according to the FT, and are down over 45 percent this year amid Trump’s escalating trade war.
The timing of the SEC filing is certainly suspect. Trump’s “liberation day” tariff announcement on Wednesday triggered a major selloff, causing shares of multinational companies and stock futures to crater.
Trump also vowed in September that he wasn’t planning to sell any of his TMTG shares, which caused their value to spike temporarily at the time.
Now that the shares are up for grabs, the president has seemingly had a change of heart — or, perhaps, is getting cold feet now that the economy is feeling the brunt of his catastrophic economic policymaking. It’s also possible Trump was always planning to cash out and leave investors exposed.
Meanwhile, Trump Media released a statement on Wednesday, accusing “legacy media outlets” of “spreading a fake story suggesting that a TMTG filing today is paving the way for the Trump trust to sell its shares in TMTG.” The company said this week’s filing was “routine.”
Experts have long pointed out that if Trump were to sell, it could lead to TMTG spiraling.
It’s still unclear whether the company — which reported a staggering $400 million loss in 2024, while only netting a pitiful $3.6 million revenue — will realize the mass sale of millions of shares.
But even just the suggestion appears to have spooked investors.
“In this offering it says the Trump trust could sell shares — it doesn’t necessarily mean that they will,” Morningstar analyst Seth Goldstein told ABC News. “It signals to the market that they could.”
“This leaves it up in the air if and when a share sale will happen,” he added.
In short, instead of building a viable business that generates meaningful revenue to reflect its valuation, TMTG still feels more like an enrichment scheme for Trump and his closest associates.
“Trump Media has been pretty unsuccessful at creating an operating business model, but they have been quite successful at selling their stock,” University of Florida finance professor Jay Ritter told ABC News.
Arlington Cemetery Erases Civil War in Hegseth DEI Purge
Nandika Chatterjee
Fri, March 14, 2025 at 4:21 PM CDT
3 min read
The Arlington National Cemetery has removed key information from its website about prominent Black, Hispanic, and female service members as well as historical topics like the Civil War.
The moves are part of a broader initiative by the Department of Defense to do away with diversity, equity, and inclusion (DEI), the Washington Post reported.
A spokesperson for the cemetery confirmed on Friday that, in compliance with new Pentagon directives, internal links leading to webpages about notable veterans who were minorities—such as Gen. Colin Powell, Supreme Court Justice Thurgood Marshall, and members of the all-Black, all-female 6888th Central Postal Directory Battalion—were taken down.
Educational material on the Civil War and Medal of Honor recipients has also been completely removed, leaving only a brief mention of the cemetery’s connection to the conflict.
These deletions follow a series of executive orders signed by President Donald Trump banning DEI across the federal government. In accordance with the directives, Pentagon leaders have been tasked with purging content that “promotes” DEI on military websites.
“We are proud of our educational content and programming and working diligently to return removed content to ensure alignment with Department of Defense instruction 5400.17 and Executive Orders issued by the President,” a cemetery spokesperson told the Post in a statement.
They added: “We remain committed to sharing the stories of military service and sacrifice to the nation with transparency and professionalism, while continuing to engage with our community in a manner that reflects our core values.”
Historian Kevin M. Levin first noted the removals in his Substack, “Civil War Memory,” which was further reported on by military news site Task & Purpose. The removals have drawn sharp criticism from educators and historians, who argue that the changes erase vital pieces of American history.
Levin, a Boston-based author and former teacher, expressed disappointment over the loss of accessible material about influential individuals like Captain Joy Bright Hancock, one of the military’s first woman officers, and Major General Marcelite Jordan Harris, the Air Force’s first female, African-American general officer.
“It’s incredibly unfortunate. This is just the kind of history that we want students to be learning, a history that allows students from different backgrounds to make a meaningful connection with one of our sacred sites,” Levin told the Post.
Some of the removed content is still accessible through active links to pages on “Prominent Military Figures” and “U.S. Supreme Court,” but the categories “African American History,” “Hispanic American History,” and “Women’s History” no longer appear prominently on the site.
The cemetery’s website, a key resource for educators and visitors, once provided lesson plans, walking tours, and detailed profiles of military heroes. Now, many of these resources have been scrubbed.
“This is a place where history comes alive, and you feel it when you’re there,” Levin said. “Even if you can’t bring your students there, you can bring the stories to them in the classroom. There’s a story there for everyone to connect to.”
If one is disposed to view historical events from this century and the last, 2 major wars are evident. Each one involves a regime of leader whose sole object is world domination. We have in modern times several instances of leaders performing the same acts within their countries that mimic those great wars especially the events of WWII. There are several programs on an assortment of channels that document the rise of Adolph Hitler and his regime. These documentaries are mirrored by the Administration in America today. We have a person whose sole reason for gaining the highest office is revenge. His supporters fail to realize that his action cut across all parties, races lifestyles and beliefs. His primary drive is his personal accumulation of power and prestige(?) at the expense of the country. There is no true endgame beyond what can be garnered from the actions of his administration to dominate and reduce the government’s purpose based on “saving money”. The recruitment of idiot savants to do his bidding or work his will, ostensibly lets him off the “hook’ so he thinks. We will do well to remember that even now there are human beings in Syria, Israel, Congo and other countries who are suffering under the “Hitlerian” method of rule. If you are a voter, you are in peril because there are no lines to block the effects of a dictator aided and abetted by likeminded individuals that we the people have elected. Currently this administration has an unelected minister of the purse, who at this point fired thousands of Federal employees under the guise of trimming the Federal waste. These “cuts” will give the administration a way to cover the price of tax cuts which the administration says will” benefit the taxpayers “yet as may remember never happened when it was put in place in FFLOTUS’s prior administration. The caution: LEST WE FORGET!!! is appropriate again!
President Donald Trump moved at a blistering pace in his first month back in the White House. He lied fast and furious, too.
In speeches, interviews, exchanges with reporters and posts on social media, the president filled his public statements not only with exaggerations but outright fabrications. As he did during his first presidency, Trump made false claims with a frequency and variety unmatched by any other elected official in Washington.
Here is our list of Trump’s 13 biggest lies since he was inaugurated on January 20. It was hard to choose.
The tale of the $50 million – no, make it $100 million – in condoms for Hamas: When press secretary Karoline Leavitt announced at her first official White House briefing that Trump had thwarted a plan to spend $50 million “to fund condoms in Gaza,” it was immediately clear the claim was highly dubious; the Trump administration had no evidence to substantiate it. But Trump not only repeated the $50 million figure the next day, he added an incendiary claim that the condoms were “for Hamas.” Then, days after it had become obvious the $50 million figure was pure fiction, he inflated it to “$100 million.”
This was another example of Trumpflation – the president’s years-old habit of making his inaccurate stories more and more inaccurate over time.
Blaming Ukraine for starting the war on Ukraine: Russia started the war in Ukraine when it invaded Ukraine in 2022. That is an obvious fact. But on Tuesday, when Trump dismissed Ukrainians’ complaints about their exclusion from US-Russia negotiations about ending the war, he falsely accused Ukraine of starting the war – saying, “You should’ve never started it. You could’ve made a deal.” Laughable Kremlin-style propaganda, this time from the president of the United States.
The (non-)uniqueness of birthright citizenship: Trump offered what might have sounded like a reasonable rationale for his attempt to get rid of birthright citizenship. The United States, he said, is the only country that has birthright citizenship.
Except that is not true, as CNN and other outlets pointed out when Trump made the same claim as president in 2018 and on various other occasions. Dozens of countries, including Canada and Mexico, also grant automatic citizenship to people born on their soil.
More up-is-down reversing of the reality of January 6: For years now, Trump has presented a version of the Capitol riot of January 6, 2021, that bears little resemblance to what actually happened. When he was asked in early February why he granted pardons to people who assaulted first responders, he said the people he pardoned were actually “assaulted by our government” and that “they didn’t assault.” This “they didn’t assault” claim was a brazen denial of the obvious truth, clear in video after video and trial after trial. The Justice Department has said more than 140 officers were assaulted on January 6, and that more than 170 people pleaded guilty to such assaults.
A gusher of deceit about California water policy: Amid disaster, more dishonesty. First, Trump linked the Los Angeles wildfires to California’s decision to use some of its water to protect a fish species in the northern part of the state – even though the two things have nothing to do with each other, as befuddled experts explained to anyone who would listen.
Then, after ordering the sudden release of billions of gallons of water from Central Valley reservoirs for no apparent good reason, Trump declared that some of this water was heading to Los Angeles – even though it wasn’t heading to Los Angeles and couldn’t go to Los Angeles.
The election lie he refused to let die: What can you even say about this one at this point? Trump’s win in the free and fair 2024 election did not convince him to abandon his endless lying about his defeat in the free and fair 2020 election. More than four years after his loss to Joe Biden, he repeated his “rigged” nonsense during at least three events on his 2025 inauguration day alone, then a bunch of times after that.
That fable about Olympic boxers, again: Trump, once a prominent promoter of lies about President Barack Obama’s birthplace, continued to demonstrate no hesitation lying about not only policy issues but also individual people. This time, to promote his push to try to get transgender athletes banned from the Olympics, he told his familiar story about how two gold medalists in women’s boxing at the Games in Paris last year were men who “transitioned.”
Wrong. As the International Olympic Committee repeatedly noted during the Olympics, when Trump and others made such claims, neither champion had transitioned; both were born as female and have always competed in women’s events. Even the discredited boxing authority that controversially disqualified the women from a 2023 competition, vaguely claiming a test had found they had unfair competitive advantages, did not allege they had transitioned.
The president’s fictionalized northern neighbor: Before taking office, Trump casually asserted that the Canadian people “like” his idea of Canada becoming the 51st US state. That was the opposite of the truth; the idea is hugely unpopular with the Canadian public. Then, after his inauguration, Trump continued to make stuff up about Canada – at one point posting on social media and then saying out loud that Canada prohibits US banks from doing business there. He added, “Can you believe that?” No doubt some Americans believe it, but it’s false.
Blasting Biden for a program launched under Trump: After the deadly January collision between a military helicopter and a passenger jet, Trump blamed Biden administration diversity initiatives at the Federal Aviation Administration without providing any evidence any FAA diversity policy had anything to do with the crash. He added in a fictional story about a frantic last-minute Biden push to hire people with significant disabilities as air traffic controllers, failing to explain that this FAA pilot program was actually a years-old initiative launched during his own administration in 2019.
Relentless deception about who pays tariffs: When Trump talked about the tariffs he imposed on Chinese imports in his first presidency, he spoke of how much money “from China” these tariffs generated for the US Treasury. When he talked about the additional tariffs he plans to impose on various other countries during his current presidency, he spoke of a need to “charge them.” At no point did he acknowledge that US importers, not foreign countries, are the ones who pay the actual tariff charges – or that study after study, including one from the federal government’s bipartisan trade commission, found that Americans ended up bearing almost the entire cost of his first-term tariffs on Chinese products.
A wild exaggeration of the increase in autism rates: Trump keeps flirting with, though not explicitly endorsing, the thoroughly debunked conspiracy theory that childhood vaccines cause autism – and in a social media post in early February, he inflated the extent of the increase in the known prevalence of autism over the last two decades. “20 years ago, Autism in children was 1 in 10,000. NOW IT’S 1 in 34,” Trump wrote. “WOW! Something’s really wrong.” Aside from the fact that experts say the increase in autism diagnoses (to 1 in 36 children by age 8 in 2020) likely has to do with greater awareness of the symptoms and improved screening practices, public statistics from the US Centers for Disease Control and Prevention show that the known prevalence in 2004 was 1 in 125 children, not “1 in 10,000.” That’s a pretty big difference.
China’s (non-)operation of the Panama Canal: Much of Trump’s lying is ad-libbed. Some of it, however, is planned in advance. Some of it, however, is written into his prepared speeches. He said in his inaugural address in January: “Above all, China is operating the Panama Canal. And we didn’t give it to China, we gave it to Panama, and we’re taking it back.”
This would have been a good line if China was actually operating the Panama Canal. It isn’t; Panama is, though Trump could have raised legitimate questions about China’s influence in the area.
Trump’s invented dominance with “the youth vote”: Trump said some accurate things while touting his victory in the 2024 election, such as the fact that he swept all seven swing states. But in keeping with his longstanding practice of exaggerating even legitimate accomplishments, he also kept sprinkling in a claim that wasn’t even close to correct – an assertion that he won the youth vote “by 36 points.” In fact, exit polls show he lost the youth vote to then-Vice President Kamala Harris. Even if these polls were off, there’s no basis for the claim that he won the youth vote by 36.
President Donald Trump moved at a blistering pace in his first month back in the White House. He lied fast and furious, too.
In speeches, interviews, exchanges with reporters and posts on social media, the president filled his public statements not only with exaggerations but outright fabrications. As he did during his first presidency, Trump made false claims with a frequency and variety unmatched by any other elected official in Washington.
Here is our list of Trump’s 13 biggest lies since he was inaugurated on January 20. It was hard to choose.
The tale of the $50 million – no, make it $100 million – in condoms for Hamas: When press secretary Karoline Leavitt announced at her first official White House briefing that Trump had thwarted a plan to spend $50 million “to fund condoms in Gaza,” it was immediately clear the claim was highly dubious; the Trump administration had no evidence to substantiate it. But Trump not only repeated the $50 million figure the next day, he added an incendiary claim that the condoms were “for Hamas.” Then, days after it had become obvious the $50 million figure was pure fiction, he inflated it to “$100 million.”
This was another example of Trumpflation – the president’s years-old habit of making his inaccurate stories more and more inaccurate over time.
Blaming Ukraine for starting the war on Ukraine: Russia started the war in Ukraine when it invaded Ukraine in 2022. That is an obvious fact. But on Tuesday, when Trump dismissed Ukrainians’ complaints about their exclusion from US-Russia negotiations about ending the war, he falsely accused Ukraine of starting the war – saying, “You should’ve never started it. You could’ve made a deal.” Laughable Kremlin-style propaganda, this time from the president of the United States.
The (non-)uniqueness of birthright citizenship: Trump offered what might have sounded like a reasonable rationale for his attempt to get rid of birthright citizenship. The United States, he said, is the only country that has birthright citizenship.
Except that is not true, as CNN and other outlets pointed out when Trump made the same claim as president in 2018 and on various other occasions. Dozens of countries, including Canada and Mexico, also grant automatic citizenship to people born on their soil.
More up-is-down reversing of the reality of January 6: For years now, Trump has presented a version of the Capitol riot of January 6, 2021, that bears little resemblance to what actually happened. When he was asked in early February why he granted pardons to people who assaulted first responders, he said the people he pardoned were actually “assaulted by our government” and that “they didn’t assault.” This “they didn’t assault” claim was a brazen denial of the obvious truth, clear in video after video and trial after trial. The Justice Department has said more than 140 officers were assaulted on January 6, and that more than 170 people pleaded guilty to such assaults.
A gusher of deceit about California water policy: Amid disaster, more dishonesty. First, Trump linked the Los Angeles wildfires to California’s decision to use some of its water to protect a fish species in the northern part of the state – even though the two things have nothing to do with each other, as befuddled experts explained to anyone who would listen.
Then, after ordering the sudden release of billions of gallons of water from Central Valley reservoirs for no apparent good reason, Trump declared that some of this water was heading to Los Angeles – even though it wasn’t heading to Los Angeles and couldn’t go to Los Angeles.
The election lie he refused to let die: What can you even say about this one at this point? Trump’s win in the free and fair 2024 election did not convince him to abandon his endless lying about his defeat in the free and fair 2020 election. More than four years after his loss to Joe Biden, he repeated his “rigged” nonsense during at least three events on his 2025 inauguration day alone, then a bunch of times after that.
That fable about Olympic boxers, again: Trump, once a prominent promoter of lies about President Barack Obama’s birthplace, continued to demonstrate no hesitation lying about not only policy issues but also individual people. This time, to promote his push to try to get transgender athletes banned from the Olympics, he told his familiar story about how two gold medalists in women’s boxing at the Games in Paris last year were men who “transitioned.”
Wrong. As the International Olympic Committee repeatedly noted during the Olympics, when Trump and others made such claims, neither champion had transitioned; both were born as female and have always competed in women’s events. Even the discredited boxing authority that controversially disqualified the women from a 2023 competition, vaguely claiming a test had found they had unfair competitive advantages, did not allege they had transitioned.
The president’s fictionalized northern neighbor: Before taking office, Trump casually asserted that the Canadian people “like” his idea of Canada becoming the 51st US state. That was the opposite of the truth; the idea is hugely unpopular with the Canadian public. Then, after his inauguration, Trump continued to make stuff up about Canada – at one point posting on social media and then saying out loud that Canada prohibits US banks from doing business there. He added, “Can you believe that?” No doubt some Americans believe it, but it’s false.
Blasting Biden for a program launched under Trump: After the deadly January collision between a military helicopter and a passenger jet, Trump blamed Biden administration diversity initiatives at the Federal Aviation Administration without providing any evidence any FAA diversity policy had anything to do with the crash. He added in a fictional story about a frantic last-minute Biden push to hire people with significant disabilities as air traffic controllers, failing to explain that this FAA pilot program was actually a years-old initiative launched during his own administration in 2019.
Relentless deception about who pays tariffs: When Trump talked about the tariffs he imposed on Chinese imports in his first presidency, he spoke of how much money “from China” these tariffs generated for the US Treasury. When he talked about the additional tariffs he plans to impose on various other countries during his current presidency, he spoke of a need to “charge them.” At no point did he acknowledge that US importers, not foreign countries, are the ones who pay the actual tariff charges – or that study after study, including one from the federal government’s bipartisan trade commission, found that Americans ended up bearing almost the entire cost of his first-term tariffs on Chinese products.
A wild exaggeration of the increase in autism rates: Trump keeps flirting with, though not explicitly endorsing, the thoroughly debunked conspiracy theory that childhood vaccines cause autism – and in a social media post in early February, he inflated the extent of the increase in the known prevalence of autism over the last two decades. “20 years ago, Autism in children was 1 in 10,000. NOW IT’S 1 in 34,” Trump wrote. “WOW! Something’s really wrong.” Aside from the fact that experts say the increase in autism diagnoses (to 1 in 36 children by age 8 in 2020) likely has to do with greater awareness of the symptoms and improved screening practices, public statistics from the US Centers for Disease Control and Prevention show that the known prevalence in 2004 was 1 in 125 children, not “1 in 10,000.” That’s a pretty big difference.
China’s (non-)operation of the Panama Canal: Much of Trump’s lying is ad-libbed. Some of it, however, is planned in advance. Some of it, however, is written into his prepared speeches. He said in his inaugural address in January: “Above all, China is operating the Panama Canal. And we didn’t give it to China, we gave it to Panama, and we’re taking it back.”
This would have been a good line if China was actually operating the Panama Canal. It isn’t; Panama is, though Trump could have raised legitimate questions about China’s influence in the area.
Trump’s invented dominance with “the youth vote”: Trump said some accurate things while touting his victory in the 2024 election, such as the fact that he swept all seven swing states. But in keeping with his longstanding practice of exaggerating even legitimate accomplishments, he also kept sprinkling in a claim that wasn’t even close to correct – an assertion that he won the youth vote “by 36 points.” In fact, exit polls show he lost the youth vote to then-Vice President Kamala Harris. Even if these polls were off, there’s no basis for the claim that he won the youth vote by 36.
On Friday, President Donald Trump issued an executive order “protecting Second Amendment rights.” The order calls for Attorney General Pam Bondi to examine all gun regulations in the U.S. to make sure they don’t infringe on any citizen’s right to bear arms. The executive order says that the Second Amendment “is foundational to maintaining all other rights held by Americans.”
In fact, it is the right to vote for the lawmakers who make up our government that is foundational to maintaining all other rights held by Americans.
The United States Constitution that establishes the framework for our democratic government sets out how the American people will write the laws that govern us. We elect members to a Congress, which consists of the House of Representatives and the Senate. That congress of our representatives holds “all legislative powers”; that is, Congress alone has the right to make laws. It alone has the power to levy taxes on the American people, borrow money, regulate commerce, coin money, declare war, “to make all Laws which shall be necessary and proper.”
After Congress writes, debates, and passes a measure, the Constitution establishes that it goes to the president, who is also elected, through “electors,” by the people. The president can either sign a measure into law or veto it, returning it to Congress where members can either repass it over his veto or rewrite it. But once a law is on the books, the president must enforce it. The men who framed the Constitution wrote that the president “shall take Care that the Laws be faithfully executed.” When President Richard Nixon tried to alter laws passed by Congress by withholding the funding Congress had appropriated to put them into effect, Congress shut that down quickly, passing a law explicitly making such “impoundment” illegal.
Since the Supreme Court’s 1803 Marbury v. Madison decision, the federal courts have taken on the duty of “judicial review,” the process of determining whether a law falls within the rules of the Constitution.
Right now, the Republicans hold control of the House of Representatives, the Senate, the presidency, and the Supreme Court. They have the power to change any laws they want to change according to the formula Americans have used since 1789 when the Constitution went into effect.
But they are not doing that. Instead, officials in the Trump administration, as well as billionaire Elon Musk— who put $290 million into electing Trump and Republicans, and whose actual role in the government remains unclear— are making unilateral changes to programs established by Congress. Through executive orders and announcements from Musk’s “Department of Government Efficiency,” they have sidelined Congress, and Republicans are largely mum about the seizure of their power.
Now MAGA Republicans are trying to neuter the judiciary.
After yet another federal judge stopped the Musk/Trump onslaught by temporarily blocking Musk and his team from accessing Americans’ records from Treasury Department computers, MAGA Republicans attacked judges. “Outrageous,” Senator Tom Cotton (R-AR) posted, spreading the lie that the judge barred the Secretary of the Treasury from accessing the information, although in fact he temporarily barred Treasury Secretary Bessent from granting access to others. Senator Mike Lee (R-UT) said the decision had “the feel of…a judicial” coup. Right-wing legal scholar Adrian Vermeule called it “[j]udicial interference with legitimate acts of state.”
Vice President J.D. Vance, who would take over the office of the presidency if the 78-year-old Trump can no longer perform the duties of the office, posted: “Judges aren’t allowed to control the executive’s legitimate power.”
As legal scholar Steve Vladeck noted: “Just to say the quiet part out loud, the point of having unelected judges in a democracy is so that *whether* acts of state are ‘legitimate’ can be decided by someone other than the people who are undertaking them. Vermeule knows this, of course. So does Vance.” Of Vance’s statement, Aaron Rupar of Public Notice added: “this is the sort of thing you post when you’re ramping up to defying lawful court orders.”
The Republicans have the power to make the changes they want through the exercise of their constitutional power, but they are not doing so. This seems in part because Trump and his MAGA supporters want to establish the idea that the president cannot be checked. And this dovetails with the fact they are fully aware that most Americans oppose their plans. Voters were so opposed to the plan outlined in Project 2025—the plan now in operation—that Trump ran from it during the campaign. Popular support for Musk’s participation in the government has plummeted as well. A poll from The Economist/YouGov released February 5 says that only 13% of adult Americans want him to have “a lot” of influence, while 96% of respondents said that jobs and the economy were important to them and 41% said they thought the economy was getting worse.
Trump’s MAGA Republicans know they cannot get the extreme changes they wanted through Congress, so they are, instead, dictating them. And Musk began his focus at the Treasury, establishing control over the payment system that manages the money American taxpayers pay to our government.
Musk and MAGA officials claim they are combating waste and fraud, but in fact, when Judge Carl Nichols stopped Trump from shutting down USAID, he specifically said that government lawyers had offered no support for that argument in court. Indeed, the U.S. government already has the Government Accountability Office (GAO), an independent, nonpartisan agency that audits, evaluates and investigates government programs for Congress. In 2023 the GAO returned about $84 for every $1 invested in it, in addition to suggesting improvements across the government.
Until Trump fired 18 of them when he took office, major departments also had their own independent inspectors general, charged with preventing and detecting fraud, waste, abuse, misconduct, and mismanagement in the government and promoting economy, efficiency, and effectiveness in government operations and programs.
The Federal Bureau of Investigation also investigates corruption, including that committed by healthcare providers.
According to Musk’s own Grok artificial intelligence tool on X, the investigative departments of the Securities and Exchange Commission (SEC), the Department of Justice (DOJ), the Federal Aviation Administration (FAA), the National Highway Traffic Safety Administration (NHTSA), the Environmental Protection Agency (EPA), the National Labor Relations Board (NLRB), the U.S. Fish and Wildlife Service, the Department of Transportation, the Federal Trade Commission (FTC), as well as USAID, have all launched investigations into the practices and violations of Elon Musk’s companies.
But Trump has been gutting congressional oversight, apparently wanting to make sure that no one can oversee the president. Rather than rooting out waste and corruption in the government, Musk and his ilk have launched a hostile takeover to turn the United States of America into a business that will return huge profits to those leaders who, in the process of moving fast and breaking things, are placing themselves at the center of the lives of 332 million people. Breaking into the U.S. Treasury payment system puts Musk and his DOGE team at the head of the country’s nerve center.
The vision they are enacting rips predictability, as well as economic security, away from farmers, who are already protesting the loss of their markets with the attempted destruction of USAID. It hurts the states—especially Republican-dominated states—that depend on funding from the National Institutes of Health and the Department of Education. Their vision excludes consumers, who are set to lose the Consumer Financial Protection Bureau as well as protections put in place by President Joe Biden. Their vision takes away protections for racial, ethnic, religious, and gender minorities, as well as from women, and kills funding for the programs that protect all of us, such as cancer research and hospitals.
Musk and Trump appear to be concentrating the extraordinary wealth of the American people, along with the power that wealth brings, into their own hands, for their own ends. Trump has championed further tax cuts for the wealthy and corporations, while Musk seems to want to make sure his companies, especially SpaceX, win as many government contracts as possible to fund his plan to colonize Mars.
But the mission of the United States of America is not, and has never been, to return huge profits to a few leaders.
The mission of the United States of America is stated in the Constitution. It is a government designed by “We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity.” Far from being designed to concentrate wealth and power in the hands of a single man, it was formed to do the opposite: spread wealth and power throughout the country’s citizenry and enable them to protect their rights by voting for those who would represent them in Congress and the presidency, then holding them accountable at the ballot box.
The people who think that bearing arms is central to maintaining American rights are the same people who tried to overturn the 2020 presidential election by storming the United States Capitol because they do not command the votes to put their policies in place through the exercise of law outlined in the U.S. Constitution.
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Debunking Myth #8: “Corporate tax cuts create jobs” BUNK! Robert Reich Friends, I’m tired of hearing Republicans claim that we should reduce taxes on corporations because corporate tax cuts create jobs. It’s untrue. Also untrue are the repeated Republican assertions that tax increases on corporations, and regulations requiring corporations to better protect the health and safety of their consumers and workers and the environment, are “job killers.” Here’s the truth: Most American jobs are created by poor, working, and middle-class people whose increased spending on goods and services causes businesses to create more jobs. If most Americans don’t have enough purchasing power to buy the stuff businesses produce, businesses will lay workers off. If Forwarded this email? Subscribe here for more Debunking Myth #8: “Corporate tax cuts create jobs” BUNK! Robert Reich Jul 19 READ IN APP (Please click on the above and see our video.) Friends, I’m tired of hearing Republicans claim that we should reduce taxes on corporations because corporate tax cuts create jobs. It’s untrue. Also untrue are the repeated Republican assertions that tax increases on corporations, and regulations requiring corporations to better protect the health and safety of their consumers and workers and the environment, are “job killers.” Here’s the truth: Most American jobs are created by poor, working, and middle-class people whose increased spending on goods and services causes businesses to create more jobs. If most Americans don’t have enough purchasing power to buy the stuff businesses produce, businesses will lay workers off. If they have more purchasing power, businesses will add jobs. In 1914, Ford boosted its workers’ wages. As a result, Ford employees — and the employees of other big firms who felt they had no choice but to raise their wages to compete in the job market with Ford — could afford to buy Model T Fords, enlarging the demand for Model T’s, thus creating more jobs at Ford (and at every other automaker). The Great Crash of 1929 ushered in the Great Depression of the 1930s because people didn’t have enough money to buy the goods and services the economy could produce. Which caused a vicious cycle of fewer jobs and even less money in the pockets of average people. The cycle ended only when the government stepped in through vast public spending on World War II. So when you hear that corporations need tax cuts in order to create more jobs, or that tax increases on corporations or regulations on corporations are job killers, know that this is baloney. The best way to create more jobs is to put more money into the pockets of more workers. Which is why we need a higher minimum wage, an expanded Earned Income Tax Credit, and stronger unions that can bargain for higher wages. All these will increase demand for the goods and services businesses produce, thereby creating more jobs. Remember, it’s working people who create jobs when they have enough money in their pockets to buy.they have more purchasing power, businesses will add jobs. In 1914, Ford boosted its workers’ wages. As a result, Ford employees — and the employees of other big firms who felt they had no choice but to raise their wages to compete in the job market with Ford — could afford to buy Model T Fords, enlarging the demand for Model T’s, thus creating more jobs at Ford (and at every other automaker). The Great Crash of 1929 ushered in the Great Depression of the 1930s because people didn’t have enough money to buy the goods and services the economy could produce. Which caused a vicious cycle of fewer jobs and even less money in the pockets of average people. The cycle ended only when the government stepped in through vast public spending on World War II. So when you hear that corporations need tax cuts in order to create more jobs, or that tax increases on corporations or regulations on corporations are job killers, know that this is baloney. The best way to create more jobs is to put more money into the pockets of more workers. Which is why we need a higher minimum wage, an expanded Earned Income Tax Credit, and stronger unions that can bargain for higher wages. All these will increase demand for the goods and services businesses produce, thereby creating more jobs. Remember, it’s working people who create jobs when they have enough money in their pockets to buy.
Cas Mudde, a political scientist who specializes in extremism and democracy, observed yesterday on Bluesky that “the fight against the far right is secondary to the fight to strengthen liberal democracy.” That’s a smart observation.
During World War II, when the United States led the defense of democracy against fascism, and after it, when the U.S. stood against communism, members of both major political parties celebrated American liberal democracy. Democratic presidents Franklin Delano Roosevelt and Harry Truman and Republican president Dwight D. Eisenhower made it a point to emphasize the importance of the rule of law and people’s right to choose their government, as well as how much more effectively democracies managed their economies and how much fairer those economies were than those in which authoritarians and their cronies pocketed most of a country’s wealth.
Those mid-twentieth-century presidents helped to construct a “liberal consensus” in which Americans rallied behind a democratic government that regulated business, provided a basic social safety net, promoted infrastructure, and protected civil rights. That government was so widely popular that political scientists in the 1960s posited that politicians should stop trying to court voters by defending its broadly accepted principles. Instead, they should put together coalitions of interest groups that could win elections.
As traditional Republicans and Democrats moved away from a defense of democracy, the power to define the U.S. government fell to a small faction of “Movement Conservatives” who were determined to undermine the liberal consensus. Big-business Republicans who hated regulations and taxes joined with racist former Democrats and patriarchal white evangelicals who wanted to reinforce traditional race and gender hierarchies to insist that the government had grown far too big and was crushing individual Americans.
In their telling, a government that prevented businessmen from abusing their workers, made sure widows and orphans didn’t have to eat from garbage cans, built the interstate highways, and enforced equal rights was destroying the individualism that made America great, and they argued that such a government was a small step from communism. They looked at government protection of equal rights for racial, ethnic, gender, and religious minorities, as well as women, and argued that those protections both cost tax dollars to pay for the bureaucrats who enforced equal rights and undermined a man’s ability to act as he wished in his place of business, in society, and in his home. The government of the liberal consensus was, they claimed, a redistribution of wealth from hardworking taxpayers—usually white and male—to undeserving marginalized Americans.
When voters elected Ronald Reagan in 1980, the Movement Conservatives’ image of the American government became more and more prevalent, although Americans never stopped liking the reality of the post–World War II government that served the needs of ordinary Americans. That image fed forty years of cuts to the post–World War II government, including sweeping cuts to regulations and to taxes on the wealthy and on corporations, always with the argument that a large government was destroying American individualism.
It was this image of government as a behemoth undermining individual Americans that Donald Trump rode to the presidency in 2016 with his promises to “drain the swamp” of Washington, D.C., and it is this image that is leading Trump voters to cheer on billionaires Elon Musk and Vivek Ramaswamy as they vow to cut services on which Americans depend in order to cut regulations and taxes once again for the very wealthy and corporations.
But that image of the American government is not the one on which the nation was founded.
Liberal democracy was the product of a moment in the 1600s in which European thinkers rethought old ideas about human society to emphasize the importance of the individual and his (it was almost always a “him” in those days) rights. Men like John Locke rejected the idea that God had appointed kings and noblemen to rule over subjects by virtue of their family lineage, and began to explore the idea that since government was a social compact to enable men to live together in peace, it should rest not on birth or wealth or religion, all of which were arbitrary, but on natural laws that men could figure out through their own experiences.
The Founders of what would become the United States rested their philosophy on an idea that came from Locke’s observations: that individuals had the right to freedom, or “liberty,” including the right to consent to the government under which they lived. “We hold these truths to be self-evident,” Thomas Jefferson wrote, “that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness,” and that “to secure these rights, governments are instituted among men, deriving their just powers from the consent of the governed.”
In the early years of the American nation, defending the rights of individuals meant keeping the government small so that it could not crush a man through taxation or involuntary service to the government or arbitrary restrictions. The Bill of Rights—the first ten amendments to the Constitution—explicitly prohibited the government from engaging in actions that would hamper individual freedom.
But in the middle of the nineteenth century, Republican president Abraham Lincoln began the process of adjusting American liberalism to the conditions of the modern world. While the Founders had focused on protecting individual rights from an overreaching government, Lincoln realized that maintaining the rights of individuals required government action.
To protect individual opportunity, Lincoln argued, the government must work to guarantee that all men—not just rich white men—were equal before the law and had equal access to resources, including education. To keep the rich from taking over the nation, he said, the government must keep the economic playing field between rich and poor level, dramatically expand opportunity, and develop the economy.
Under Lincoln, Republicans reenvisioned liberalism. They reworked the Founders’ initial stand against a strong government, memorialized by the Framers in the Bill of Rights, into an active government designed to protect individuals by guaranteeing equal access to resources and equality before the law for white men and Black men alike. They enlisted the power of the federal government to turn the ideas of the Declaration of Independence into reality.
Under Republican president Theodore Roosevelt, progressives at the turn of the twentieth century would continue this reworking of American liberalism to address the extraordinary concentrations of wealth and power made possible by industrialization. In that era, corrupt industrialists increased their profits by abusing their workers, adulterating milk with formaldehyde and painting candies with lead paint, dumping toxic waste into neighborhoods, and paying legislators to let them do whatever they wished.
Those concerned about the survival of liberal democracy worried that individuals were not actually free when their lives were controlled by the corporations that poisoned their food and water while making it impossible for individuals to get an education or make enough money ever to become independent.
To restore the rights of individuals, progressives of both parties reversed the idea that liberalism required a small government. They insisted that individuals needed a big government to protect them from the excesses and powerful industrialists of the modern world. Under the new governmental system that Theodore Roosevelt pioneered, the government cleaned up the sewage systems and tenements in cities, protected public lands, invested in public health and education, raised taxes, and called for universal health insurance, all to protect the ability of individuals to live freely without being crushed by outside influences.
Reformers sought, as Roosevelt said, to return to “an economic system under which each man shall be guaranteed the opportunity to show the best that there is in him.”
It is that system of government’s protection of the individual in the face of the stresses of the modern world that Franklin Delano Roosevelt, Harry Truman, Dwight Eisenhower, and the presidents who followed them until 1981 embraced. The post–World War II liberal consensus was the American recognition that protecting the rights of individuals in the modern era required not a weak government but a strong one.
When Movement Conservatives convinced followers to redefine “liberal” as an epithet rather than a reflection of the nation’s quest to defend the rights of individuals—which was quite deliberate—they undermined the central principle of the United States of America. In its place, they resurrected the ideology of the world the American Founders rejected, a world in which an impoverished majority suffers under the rule of a powerful few.
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