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Business Donald Trump Trump Supporters WTF?!

MAGA Faithful Are Threatening To Boycott Walmart For Being Too ‘Woke’

If you had to guess, where would you suspect the vast majority of the MAGA faithful (i.e. hardcore Trump supporters) do most of their shopping?

Did you say Walmart? I’m guessing you did, and you’re absolutely correct.

However, it now appears that some Trumpers are ready to dump Walmart and find another place to shop simply because the company isn’t carrying the shitty, overpriced pillows manufactured by Mike Lindell, the CEO of MyPillow.

Dr. Gina Loudon (who claims to have a PhD in psychology even though she doesn’t), is a right-wing radio host who called for the Walmart boycott, announcing on Twitter that she had deleted the Walmart app and instead would be shopping at Publix:

Walmart couldn’t be reached for a comment, but here’s betting it was something like this: Gina who?! We don’t need her business anyway. Good riddance.

Other Twitter users couldn’t resist mocking Loudon, and some of their comments are pure gold. Take a look.

MAGAts boycotting Walmart? Yeah, and pigs are flying coast to coast just for the hell of it.

 

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Business

Leaked Email: Elon Musk Planning To Cut 10% Of The Tesla Workforce

Despite his claims of being a brilliant businessman, it now appears that Tesla Motors CEO Elon Musk is on a financial downslope that could result in the collapse of everything he’s built.

Reuters reports that Musk made it clear in an leaked internal email that he thinks it will be necessary to cut at least 10% of Tesla’s workforce because he has a “super bad feeling” about the economy:

The message, sent on Thursday and titled “pause all hiring worldwide,” came two days after the billionaire told staff to return to the workplace or leave, and adds to a growing chorus of warnings from business leaders about the risks of recession.

Almost 100,000 people were employed at Tesla and its subsidiaries at the end of 2021, its annual SEC filing showed.

So approximately 10,000 workers are on the verge of being unemployed simply because Musk has overextended himself and is trying to blame his financial reversals on the current economic climate.

The email also suggests that Musk’s planned acquisition of Twitter may also collapse, leaving him on the hook for billions of dollars in penalties he agreed to pay if he backed out of a deal to buy the social media platform.

Part of the financing for the Twitter deal was based on Musk’s Tesla stock holdings, but the value of the company’s stock has fallen dramatically in recent weeks, losing 500 points since November, a slide that could also threaten the financial stability the electric vehicle manufacturer.

Axios explained the potential impact of Musk’s plan to slash the Tesla workforce:

The big picture: Musk told Tesla staff this week that employees “should pretend to work somewhere else” if they’re not willing to return to their offices.

“Anyone who wishes to do remote work must be in the office for a minimum (and I mean *minimum*) of 40 hours per week or depart Tesla,” he said.

By the numbers: Tesla shares fell nearly 3% in U.S. pre-market trade on Friday, Reuters reports.

 

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Business

Elon Musk Loses $10 Billion In A Single Day After New Allegations Of Sexual Misconduct Surface

Even though he’s reportedly the richest man in the world, Tesla CEO Elon Musk is watching as large chunks of his fortune spiral down the proverbial toilet, costing him billions of dollars and threatening to turn him into a former billionaire.

According to Business Insider, Musk lost $10 billion in a single day after allegations of sexual misconduct were lodged against him:

Tesla CEO Elon Musk lost $10 billion in just a single day after claims of sexual misconduct against him emerged.

He was worth about $212 billion on Thursday, according to the Bloomberg Billionaires Index. After news of the allegations broke on Thursday night, his wealth fell to around $201 billion, the index showed.

According to Insider’s report, SpaceX, the aerospace firm founded by Musk, paid a flight attendant $250,000 to settle a sexual misconduct claim against Musk in 2018. Musk has denied the claim.

In recent weeks, Musk has been at the center of the business and media world as a result of his offer to buy Twitter for the price of $44 billion, with a large part of the purchase price expected to be covered by Musk’s stock holdings in Tesla.

But Tesla stock has tanked over the past week or so, leading some financial experts to suggest that Musk’s complaints about Twitter being filled with bots is merely a face-saving way for him to back out of the deal now that his cash reserve is running low:

Tesla’s stock performance in public markets has the most significant impact on Musk’s wealth. Musk owns about 15% of the electric carmaker, per BBC. After news of the allegations emerged, Tesla’s share price tanked 6.4%.

But Musk’s sexual misconduct news and related financial fallout is just the latest incident in a protracted wealth decline since the start of this year. Per Bloomberg’s estimate, he is now more than $69 billion poorer year-to-date. That’s partly because Tesla’s stock price was pulled down amid a global stock-market selloff as investors worried about the health of the global economy. 

Ironically, the Twitter deal could wind up sinking Musk’s overall financial standing:

Last week alone, the carmaker’s stock was down 14%, wiping out about $110 billion from its market valuation, Bloomberg reported. “As long as the Twitter deal is out there, and as long as Tesla’s stock is falling, people worry that Musk will have to sell more stock and would get distracted and not pay as much attention to Tesla as he should,” Gary Black, founder and managing partner at the actively-managed ETF Future Fund LLC, told Bloomberg.

Considering some of the vile things Musk has been spewing on social media lately, many are wondering if perhaps he’s losing it mentally, too.

Recently, Musk announced he was putting together a “hardcore litigation department” at Tesla, adding, “There will be blood.”

The blood appears to be red ink hemorrhaging from the accounts of Elon Musk.

 

Categories
Business Greed The Biden Administration

Karine Jean-Pierre Shreds Amazon’s Jeff Bezos On Her First Day As Press Secy. And It’s Absolutely Awesome

Monday was Karine Jean-Pierre’s first day as White House Press Secretary, and she did a great job, proving that she’s a superb replacement for Jen Psaki, who is now working for MSNBC.

At one point during today’s press briefing, Fox News correspondent Peter Doocy decided to ask about a tweet that had been sent out last Friday by President Joe Biden which read:

Doocy asked:

“The president’s Twitter account posted the other day if you wanna bring down inflation, let’s make sure the wealthiest corporations pay their fair share. How does raising taxes on corporations reduce inflation?”

Jean-Pierre responded:

“We have talked about this past year, about making sure that the wealthiest among us are paying their fair share, and that is important to do. That is something the president has been working on everyday when we talk about inflation and lowering costs, so it’s very important that as we’re seeing costs rise, as we’re talking about how to, you know, build an America that’s equal for everyone and doesn’t leave anyone behind, that is an important part of that as well.”

Doocy followed up with this query:

“But how does raising taxes on corporations lower the cost of gas, the cost of a used car, the cost of food for everyday Americans?”

“So I think we encourage those who have done very well, especially those who care about climate change, to support a fairer tax code that doesn’t charge manufacturers workers, cops, builders a higher percentage of their earnings, that the most fortunate people in our nation, and not let that stand in the way of reducing energy costs and fighting an existential problem if you think about it, that is an example. To support basic collective bargaining rights as well.”

Not content, Doocy asked again:

“The President said if you wanna bring down inflation let’s make sure the wealthiest corporations pay their fair share. Jeff Bezos came out and tweeted about that, he said ‘the newly created disinformation board should review this tweet.’ Would you be okay with that?”

That led Jean-Pierre to put Bezos on full blast, responding:

“Look, it’s not a huge mystery why one of the wealthiest individuals on earth, right, opposes an economic agenda that is for the middle class, that cuts some of the biggest costs families face, fights inflation for the long haul, right, and that’s what we’re talking about, that’s why we’re talking about lowering inflation here, and adds to the historic deficit reduction the president is achieving by asking the richest taxpayers and corporations to pay their fair share. That’s what we’re talking about.”

Boom! That’s what we’re talking about. And while we’re at it, let’s also tax the hell out of Doocy’s boss, Rupert Murdoch. If he doesn’t like it, he can move back to Australia and renounce his American citizenship.

Categories
Business GOP U.S. Senate

WATCH: Union Organizer Destroys Lindsey Graham For Whining About Businesses Being Demonized

During a Senate hearing on labor rights Thursday, Sen. Lindsey Graham (R-SC) got his clock cleaned by a union organizer who is working to unionize Amazon employees.

Graham accused Sen. Bernie Sanders (I-VT) of “demonizing” successful U.S. businesses by calling them before the United States Senate Committee on the Budget and making them explain why they’re so opposed to their employees unionizing:

“This is a heavy-handed approach! The most radical agenda in my lifetime!”

Amazon union organizer Christian Smalls spoke next, and he gave Graham a lesson, telling him:

“It sounds like you’ve been talking about more of the companies and businesses in your speech but you forgot that the people are the ones who make these companies operate. And we’re not protected and the process for when we hold these companies accountable is not working for us. And… that’s the reason we’re here today. That’s the reason I’m here to represent the workers who make these companies go.”

Smalls also urged Graham to put aside his partisanship and look at the issue non-politically:

“I think that it’s in your best interest to realize that is not a left or right thing, it’s not a Democrat or Republican thing. It’s a workers thing… that’s the reason why I think I was invited today to speak on their behalf, and you should listen because we do represent your constituents as well.”

Despite what conservatives like Lindsey Graham say, unions are a very good thing. They’re the reason we have a five-day workweek, overtime pay, vacation time, and other rights. Unions have been essential to making sure workers are treated fairly and appropriately compensated for the work they do.

Graham and others in the GOP would do well to remember that without American workers, they wouldn’t have food on their tables, light in their homes, or the clothes they wear on their backs. If we can pay members of Congress hundreds of thousands of dollars a year to represent us, we should damn well make sure the people who keep this country running are properly compensated and treated with the respect they deserve.