Slate Money Who Elected Elon?
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Dec 21, 2024 Misinformation from a billionaire caused a government shutdown, showcasing the power of social media in politics. The team delves into Brazil's economic crisis and insights on the recent Fed rate cut, highlighting global economic dynamics. Labor strikes at Amazon and Starbucks bring attention to the evolving landscape of workers' rights and union negotiations. As economic policies shape trade and currency strength, exciting discussions on market timing and cryptocurrency trends unfold.
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Billionaire Influence
- Elon Musk wields significant political influence due to his wealth and ownership of X (formerly Twitter).
- This raises concerns about unelected billionaires' impact on government decisions.
Musk's Tweetstorm
- Elon Musk's tweets about a spending bill contained misinformation.
- This led to the bill being blocked and a government shutdown.
Debt Ceiling Politics
- Democrats oppose the debt ceiling extension.
- They believe it would allow Republicans to cut taxes without fiscal responsibility.