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The claimed cost-cutting is “a steaming pile of DOGEshit:” a festering heap of accounting fraud, and really •incompetent• accounting fraud at that:
“contracts…double- or triple-counted”
“inflated the totals by billions of dollars”
“counted contract ended under Biden”
counted “contract worth $8 •m•illion as $8 •b•illion”
1/2
Krugman asks:
“Imagine that a publicly held company were to release a statement about its earnings that was riddled with major errors…making the company’s earnings look better than they are. What would you conclude?”
“This is the kind of thing Jim Chanos, the famed short-seller, used to look for before making a company a target.”
https://paulkrugman.substack.com/p/doge-is-the-theranos-of-cost-cutting
2/2 #uspol
What does it look like to short-sell the entire US government and economy, I wonder?
3/2
@inthehands can you short treasury bonds?
@http_error_418 @inthehands Best do it on some market other than an American market and with some other country’s banking system, because crashing T bonds means imminent American banking failure. Elmo and company have no effing idea how it all works, as they merrily pour sand in the gears of something they have no hope of fixing.
@cxj @inthehands TBF crashing T bonds will fuck over a lot more than the US. I'm just trying to find one god damn thing in this shitty mess to laugh about