KEY POINTS

  • Defense stocks dropped sharply Thursday afternoon after President Donald Trump suggested the U.S. could massively cut defense spending.
  • Trump has sent mixed messages on military spending throughout his 2024 campaign and in the early days of his presidency.
  • withabeard@lemmy.world
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    2 months ago

    Who’s to bet a load of shares get bought up, then suddenly this announcement is rescinded?

      • Pennomi@lemmy.world
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        2 months ago

        Crippling Canada’s military would be relatively easy. Holding the country would be absolutely impossible. It’s enormous geographically and occupation requires around 20 to 25 soldiers per thousand residents.

        We would have to dedicate a cool million soldiers for the 40 million residents of Canada. The US had only 450k-ish army members in 2023, so that would be difficult.

        • Atom@lemmy.world
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          2 months ago

          Not to mention triggering Article 5 for the rest of NATO and shattering every defense agreement at once. You know, Putin’s wet dream.

          • Serinus@lemmy.world
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            2 months ago

            If there’s going to be a world war, I’d prefer to not be on the side of Russia and China.

            • LifeInMultipleChoice@lemmy.world
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              2 months ago

              On the side of China? Their side is is sitting it all out and letting the U.S. and Russia devour themselves while picking up all the trade deals, currency holdings and eventually all the economical losses that will make it the strongest economy I’m the world by far. What do they have to do? Keep giving a nudge here or there, and watching egomaniacs devour their fellow citizens and the citizens eventually fight back to regain their freedoms. China wins every time Trump opens his mouth. But I don’t feel they are on the side at all, just happily enjoying the little puppeting they need to do.

      • MasterBlaster@lemmy.world
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        2 months ago

        Didn’t they and Britain burn down the white house in the war of 1812? They seemed pretty fierce in WWII. As an American, I suggest we not fuck around, lest we find out. I’m much happier with Canada as ally, thank you very much. From wikipedia:

        By the end of the war Canada had the world’s fourth largest air force,[6] and third largest navy.[7] The Canadian Merchant Navy completed over 25,000 voyages across the Atlantic,[8] 130,000 Allied pilots were trained in Canada in the British Commonwealth Air Training Plan. On D-Day, 6 June 1944 the 3rd Canadian Infantry Division landed on “Juno” beach in Normandy, in conjunction with allied forces

      • Hobbes_Dent@lemmy.world
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        2 months ago

        You guys are so enamoured with Nazis you forget Vietnam.

        Previous losers willing to kill millions for a win.

  • flop_leash_973@lemmy.world
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    2 months ago

    I don’t like it when I agree with the general notion of something Trump says or does. Makes me feel dirty.

    • Stern@lemmy.world
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      2 months ago

      Broken clocks. If its any consolation he could be, variously-

      1. Floating random shit. Common Trump talk.
      2. Actually wanting to weaken the U.S. militarily, to the benefit of his leash holders.
      3. Fishing for bribes.
    • MothmanDelorian@lemmy.world
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      2 months ago

      Wait until you see how i gets halved. Im willing to bet they axe the VA, any scholastic programs, ROTC et al as most policies are about destroying America.

    • Fedizen@lemmy.world
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      2 months ago

      Thats the magic of trump though, when he’s vague about things he can sometimes spin them as something agreeable. My guess is he’ll keep the regime change bullshit and nix stuff like burn pit procedures, ukraine support, and veterans benefits

  • Norgoroth@lemmy.world
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    2 months ago

    Please keep fucking with the defense contractors, surely they won’t take any drastic measures against you

  • cultsuperstar@lemmy.world
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    2 months ago

    It doesn’t need to be halved. They just need to figure out where a large portion of the money goes, since they can’t seem to account for it.

  • Zink@programming.dev
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    2 months ago

    I had the “wait, a good thing?” reaction too.

    But thinking about potential underlying motivations, it makes complete sense that the compromised traitor holding the reins would want to weaken the military at the same time as destroying the government.

    Or maybe it isn’t to help other dictators, and he just wants the opportunity to weed out more people who are loyal to the constitution.

    • ⛓️‍💥@sh.itjust.works
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      2 months ago

      This may signal he is getting pushback from the military which is a very good thing. If he is serious about Canada and Greenland he will need a strong military. It makes no sense to start cutting the budget now.

      Refusing unlawful orders is always cool and moral.

  • Pacattack57@lemmy.world
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    2 months ago

    Good time to buy then. He already pledged to increase funding to Israel. Just need to research what company supplies the most weapons for them and invest there.

    • PwnTra1n@lemmy.world
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      2 months ago

      you think hes not gonna just send nukes and sharpie 51 over it on the map?

  • sudo@programming.dev
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    2 months ago

    In case y’all forgot Trump’s last term, his general pattern is to constantly announce insane plans and only follow through on a fraction of them. Cutting the pentagon’s budget in half is one of the distractions. Some General will dandy himself up in his class A and jingle some blueprints for a useless wunderwaffe and the defense budget will go up.