President-elect Donald Trump has announced that billionaire Elon Musk and pro-russian entrepreneur Vivek Ramaswamy will head a new Department of Government Efficiency (D. O. G. E.) under his administration.
Ramaswamy is known for his opposition to Ukraine’s membership in NATO and territorial concessions to moscow; he supports the idea of controlling the Mexican border by regular army forces; and he calls for an embargo on American companies’ cooperation with China.
«Together, these two great Americans will pave the way for my Administration to eliminate government bureaucracy, reduce over-regulation, cut wasteful spending, and restructure federal agencies», – it says in Trump’s statement.
The appointment of Musk, who manages companies with lucrative government contracts, raises questions about potential conflicts of interest. It is also unclear how the new DOGE department will work.
Trump’s plan stipulates that the first task of the new department will be to develop a plan to eliminate all forms of fraud and unnecessary payments within six months to reduce the cost of the administration, which currently amounts to $6.5 trillion a year.
The federal employees’ union is already preparing for possible mass layoffs during the second Trump administration.
«Elon Musk and Donald Trump care about only one thing: lining their own pockets. Not about the effectiveness of the government, and certainly not about improving the lives of ordinary Americans», — back in September said Everett Kelly, President of the National Federation of State Employees of the United States.
Meanwhile, the DOGE token reacted to the news of Musk’s involvement in the Trump administration with rapid growth. Over the past 7 days, the cryptocurrency has jumped to $0.3921 that is, it went up by 98.88%.
P. S. The official website in support of Trump has already merchandise is sold with the image of the politician, Mask, and the Dogecoin (DOGE) symbol — Shiba-inu, nicknamed Kabosu.