Trump announces Department of Government Efficiency, Dogecoin (DOGE) rises 20 percent
Elon 'Dogefather' Musk will lead the Department of Government Efficiency (also called DOGE) alongside Vivek Ramaswamy.
Donald Trump has announced the Department of Government Efficiency (DOGE) which will be led by Elon Musk. This announcement has led to the cryptocurrency Dogecoin (also DOGE) rising in value as investors trade the meme currency.
On November 12, 2024, CNBC reported on Dogecoin’s (DOGE) 20 percent surge in pricing. The popular cryptocurrency meme coin has become a personal favorite of Elon Musk’s, who has recently bonded himself to president-elect Donald Trump. CNBC has also pointed out that the cryptocurrency has seen a 153 percent rise since election day.
The increase in DOGE follows on from Trump’s announcement of a new area of government called the Department of Government Efficiency, or DOGE for short. The leader of this department will be none other than Elon Musk, who has previously positioned himself as the Dogefather. Musk will lead DOGE alongside Vivek Ramaswamy. Two leaders in the Efficiency department.
“And which great efficiency expert will lead this important new effort to streamline?”
— Alex Byers (@byersalex) November 13, 2024
“Actually there will be two people in charge” pic.twitter.com/tgYhHUrbKQ
In Trump’s announcement, he says that this new department has the potential to become the Manhattan Project “of our time.” The Manhattan Project was a program to develop the first nuclear weapons. This department will “provide advice and guidance from outside of Government” and will “create an entrepreneurial approach to Government never seen before.” Trump states that the work of Elon and Vivek will conclude “no later than July 4, 2026” which marks the 250th anniversary of the Declaration of Independence.
In the lead up to the election, Elon Musk did a $1 million giveaway for people who signed a petition, but in order to sign said petition the signees had to be registered voters. The Justice Department indicated that this might violate federal law.
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replySam Chandler posted a new article, Trump announces Department of Government Efficiency, Dogecoin (DOGE) rises 20 percent
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Idiocracy here we come!
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Dude, we've been living in it since 2016.
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start with the military if you want to save money
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I laugh because it's the one that won't be touched.
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This isn't about efficiency this is about cutting social programs and extracting money from the Federal Government and giving it to the wealthy.
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A whole new department for efficiency, with two heads lol.
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Wow, next few years will be crazy times:
"All actions of the Department of Government Efficiency will be posted online for maximum transparency"
"Anytime the public thinks we are cutting something important or not cutting something wasteful, just let us know!"
"We will also have a leaderboard for most insanely dumb spending of your tax dollars. This will be both extremely tragic and extremely entertaining"
- @elonmusk-
Yea, exept he will be posting it on X which is a right wing hivemind. So this isn't the 'public' ... its a closed minded minority.
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Also, they are not a Department. Departments can only be created via act of congress. At best, they are a commission.
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crypto in a nutshell. You blow in one direction or another, it goes up or down.
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It generally generally goes up or down in lockstep with the stock market, the other white meat.
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