Doge Dividend & Stimulus Check Update

wow we actually have updates from Elon

Musk himself and others regarding the

Doge dividend let's take a listen in to

see what the latest updates are uh this

with Elon Musk at CPAC some have been

criticizing Elon Musk for the glasses

and the look he was posing with a

chainsaw and uh some some people I mean

then again people are always criticizing

musk but anyway let's listen to what he

says about the Doge dividend it's the

bureaucracy that's exactly right let's

talk about let's talk about these Doge

dividend checks that everybody's talking

about this week and I know you tweeted

out that you're going to do everybody

want like a $5,000 check in the mail

sounds kind of good right and and the

best part about it would be knowing

where it came from that that's five

grand that you sent them last year

totally it's it's it's it's money that's

taken away from from things that are

destructive to the country that and from

organizations that hate you to you

that's awesome is it does it seem like

me have you talked I mean that's like

glorious that's like best The Spoils of

battle you

know I like that is there is there track

on that yeah yeah so uh yeah I took the

president he's supportive of that and um

so it sounds like you know that's

something we're we're going to do yep um

so as as we're finding savings that's

going to translate directly to

reductions in tax so yeah all right so

that's one of the updates there this is

a reiteration from today that uh as we

heard Donald Trump has now mentioned

he'd consider 20% going to a doge

dividend of whatever uh Doge saves 20%

going to debt payoff and then 60% going

to just a reduction in further spending

uh Donald or Elon Musk here obviously

reiterating that uh now you do have some

counterarguments for example uh Jasmine

Crockett she's got a fiery um Crockett

attitude uh and uh she's not too happy

about this now some people say it's

because she's a Democrat and she doesn't

want to see Republicans get a political

win here let's listen in that presid

pres Trump says he likes the idea of

giving some of the savings from Doge

back to Americans as kind of a dividend

would you support that listen he's just

telling a lie he's not the one that had

anything to do with the

$1,200 um refunds that people had during

the midst of Co that was done by a

democratic house and Democratic Senate

right now what they're going to do is

say hey we want to give you a refund but

Congress won't let us because they

already know that there's just no money

for that the only reason that those

refunds came before was because we were

living in different times this was a

time in which hopefully we won't ever go

through again we had a once in

a-lifetime pandemic the bad part is that

I don't know if it's once in a-lifetime

because we know that Ebola unfortunately

was detected right here in New York here

recently and if we continue down this

road of getting rid of scientists or

deciding that we don't want to rely on

Experts as it relates to what they're

telling us to do or we don't want to

deal with vaccines and Medicine in this

country then we may be facing not only

our next pandemic but our next two three

or four pandemics because of their

incompetence so no we are not in the

business of giving out money and

honestly I don't know what $5,000 will

do for you well wait wait a sec hold on

she just said Democrats deserve all the

credit in the Democratic House and

Senate for sending the $1,200 stimulus

check but then in the same and she says

I don't know what $5,000 is going to do

for

you this is either really hypocritical

or really toned deaf so I'm not sure but

it does sort of make sense that

Democrats at the moment are not very

happy uh about um these potential for

these Doge stimulus checks now with that

said you know we still have an uphill

battle first of all you've got some

folks within uh the Republican Party who

aren't open to the uh Doge ulous checks

we're going to listen to Mike Johnson

here in just a moment on it uh but you

also have to remember we still have a

lot of savings work to do and we'll talk

about that in just a moment the

president said that a percentage of Doge

savings could maybe go back to the

American people in the form of what he

called Doge stimulus checks something

like

20% how would that work well look I mean

politically that would be great for us

you know because then everybody a check

but really we have to think of it I

think in a that just got everybody's

attention by the way I just saw

everybody look up all the I but but if

you think about our core principles

right fiscal responsibility is what we

do as conservatives that's our brand and

and we have a$ 36 trillion federal debt

we have a giant deficit that we're

contending with I think we need to pay

down the credit card right that's what I

think we need

to the president said that a mind you

that is actually a very uh popular

argument right now that you got to pay

off some of the debt that's going on now

it's worth noting that there are people

on all sides of this argument some an

article that's gaining a lot of traction

right now is actually the following take

a look at this one uh this is a uh it's

posted on futurism and it's an economist

who warns that the future is going to be

very uh very uh bad in that we're going

to see a deep deep

recession uh now Elon Musk did mention

as recently as October that there could

end up being a recession if Donald Trump

uh pursues some of the deeper cuts to

bureaucracy that uh you know he's

looking for now this will be interesting

so we're going to compare these two

things because obviously here we are in

February but this is an economic piece

here that says a professor and former

Department of Labor Economist is warning

that the unelected White House adviser

and multi-hyphenated billionaire Elon

Musk is sending the United States

headlong into a huge recession a post on

Blue Sky by Jesse Rothstein of the UC uh

Berkeley School University of California

at Berkeley School uh public policy

Professor uh mind you also who was a

chief Economist at the Department of

Labor at the start of the Obama

Administration so you know left leaning

institution left leaning political

career argues that at this point a

recession seems quote almost unavoidable

that we are heading for a deep deep

recession between the cutting of

hundreds of thousands of government jobs

on the chopping block and the

cancellations of counsil countless

Federal contracts The Economist noted

that upcoming employment looks reports

are going to look quite scary indeed

specifically the March employment report

to be released on April 4th to show

bigger losses than any month ever

outside of 2020 and

2008 add to that the enormous private

Market uncertainty how could you end up

hiring in this condition this is going

to be very very bad now Ela musk himself

has predicted uh some form of Market

correction popping over here Elon mus

predicts hardship economic turmoil as a

stock and a stock market crash if Trump

wins now this is interesting because

this was October 2024 so just a week

before the election or so let's take a

look at this just a week until the

election Donald Trump's close Ally and

major economic adviser Elon Musk is

warning supporters to expect an economic

chaos a crashing stock market and

financial hardship albe it temporary if

Trump wins it sounds so extreme that

Trump fans must either wonder why he

would be so foolish as to say the silent

part out loud or maybe he'd hope that

the whole story is made

up Elon Musk uh has argued that he would

be uh Donald Trump's budget cutting and

government efficiencies are we've

obviously already been seeing this uh

and he says there will be no special

cases and no exemptions as he starts

slashing spending after Elon mus or

Donald Trump takes office he predicts he

will need a lot of security personally

because he'll likely

because of the likely reaction to his

moves excuse me still under the weather

here but it's actually really incredible

foresight so far by Elon Musk because

he's realized he's back in October he

realized he was going to get a lot of

backlash now he's getting a tremendous

amount of backlash now it obviously

doesn't help some of the behavior that

we're seeing on social media by Elon

Musk uh it's unfortunate for example to

see uh something like uh you know the

following here Elon 2024 posts a bit

more positive beautiful informative

content please and in February he says

Dear astronaut you are fully are and an

idiot you this is obviously a debate

here and and in the comments we're sort

of debating have have politics gotten to

Elon Musk and is he sort of forgetting

his obligations as a father potentially

or is there something else going on you

know some drama that's sort of exploding

right now and again you want Wonder like

is this drama exploding because of Elon

Musk uh cutting in a political position

or is it something else but uh this is

uh This Is Not Great right here here's a

post by Grimes on her official account

please respond about our child's medical

crisis excuse me I'm sorry to do this

publicly but it's no longer acceptable

to ignore the situation this requires

immediate attention if you don't want to

talk to me can you please designate or

hire someone who can so we can move

forward on solving this this is urgent

Elon these are now deleted posts by the

way as uh who knows maybe Grimes ended

up getting uh uh in touch with Elon or

elon's team or or whatever uh but uh uh

you know Elon is clearly had some

foresight that there would be a lot of

negativity around him cutting uh and so

you know going back to his original

argument here he says we have to reduce

spending to live within our means that

necessarily involves some temporary

hardship but it will ensure long-term

prosperity and you know there is an

argument here to be made that if you cut

spending on a government level and you

give it to the private sector whether

you send it to people or uh you know you

just tax people less that you can

actually end up having less de dead

weight loss and a stronger economy with

more economic growth now obviously it

depends where the spending goes as to

whether or not we're going to see

inflation right if we see you know some

of if we see spending going to cars

which have dramatically expanded their

manufacturing capabilities well we don't

expect to see inflation we just expect

to see more profits for the autom

manufacturers without necessarily

inflation uh unlike what we saw in Co

right so it really depends you know if

if uh all of the money moves into

something where there's little or tight

Supply or manufacturing isn't fully

built out then of course you would have

inflation again so there's sort of that

little ballast effect we have to

consider but I always think this is

really interesting describing describing

government spending as a room full of

targets like you can't miss in any

direction and you're going to hit a

Target Elon says I think once the

election takes place we'll immediately

begin looking at where to take the most

immediate action obviously a lot of

people who are taking advantage of the

government are going to be upset about

that I'll probably need a lot of

security everyone will be taking a

haircut uh and this is very interesting

he went further and agreed with a

supporter who predicted an initial

severe overreaction in the economy and

that markets will tumble sounds about

right Elon mus

replied well it's quite interesting take

a look at the post here if Trump

succeeds in forcing through Mass

deportations combined with Elon hacking

away at the government firing people and

reducing the deficit there will be an

initial severe overreaction in the

economy and this economy propped up with

debt generating asset bubbles uh let's

go ahead and pull it all up generating

asset bubbles uh and artificially

suppressed wages as a result of illegal

immigration markets will eventually

tumble and when the storm passes

everyone will realize we're on sound or

footing with a rapid recovery to a

healthier sustainable economy history

could be made in the coming two years

you know when you couple this sort of

thinking that uh even Elon recognizes

some of his moves of cutting could end

up being you know a hardship for the

economy or creating an economy an

economic hardship in addition to that

Donald Trump's tariffs creating some

potential heartache yeah there are a lot

of people concerned that is the best

thing for us to do right now to actually

send Doge dividends uh a lot of people

say yeah you know let's let's give some

money back to folks other people say no

no no no no let's let's not do Doge

dividends let's not give money back why

don't we do this why don't we just pay

down the debt and tax people less tax

credits lower taxes simple and just like

we talked about in this morning's video

it's worth noting that you know a lot of

Institutions are still pessimistic not

only about China but also about the

potential for an aggressive Trump where

ter and high deportations could end up

having that same effect that Elon had

warned about so it's interesting it's

it's this very curious set of facts that

we're dealing with uh that there are and

the fact is there are basically many

different potential outcomes here we

could end up seeing Doge dividend checks

but uh what if the economy booms because

we don't end up getting tariffs and we

don't end up cutting as much then the

economy is fine and we don't get Doge

dividend checks alternatively maybe the

economy actually goes into a

recessionary situation because we get

some more aggressive tariffs and we get

more cutting from Elon but then it

actually reiterates the need for Doge

dividend checks in the in the first

place because here we are in a recession

again and the government dos out more

spending now is that going to increase

the debt which is basically the opposite

of what the Trump Administration is

trying to do at the moment yeah but of

course under a recessionary scenario

that might be deemed an except cable and

again temporary outcome so I guess we'll

see but here's a bit of an update on the

Doge dividend it's worth noting that you

know two days ago Elon said hey yeah

we're going to look into this Doge

dividend uh and yesterday president

Trump said yeah we want to send 20% back

to the people today Elon Musk is

reiterating it so it seems like it's

gaining some serious traction at least

between musk and uh Donald Trump and so

we'll see how much more of an axe the

government spending uh situation ends up

getting and how much that ends up

creating or enabling for the form of a

doge dividend anyway you can watch my

other videos on the Doge dividend thank

you so much for watching and as always

we'll see you in the next one appreciate

you all have a wonderful night bye why

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congratulations man you have done so

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you Kevin pafra there financial analyst

and YouTuber meet Kevin always great to

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