Business
Things Are Going From Bad To Worse For The Permanent Bureaucratic State

From the Daily Caller News Foundation
By Morgan Murphy
Welcome to the D.C. Thunderdome.
Thanks to DOGE and four wunderkind coders in Treasury’s basement, Americans learned this week that their government sent millions to fund a “DEI musical” in Ireland, a “transgender comic book” in Peru, electric vehicles in Vietnam, and an Anthony Fauci exhibit at the NIH Museum.
Faster than Ludicrous+ mode on a Tesla, the Trump admin’s new code bros are sifting through the financial ledger of America’s spending. Just 20 days in office and the new administration has saved the American taxpayer billions of dollars — exactly what Trump promised on the campaign trail. And as the president’s third week unfolded, news worsened for Democrats and America’s permanent bureaucratic state.
It seems the permanent bureaucracy borrowed the U.S.S.R.’s media playbook, funneling millions to left-wing news organizations such as The New York Times, Politico and Reuters. Evidently it wasn’t enough that a Republican in the newsrooms of our state-run media outlets, PBS and NPR, is rarer than a cogent sentence from Kamala.
Democrats, meanwhile, have decided that this Deathstar boondoggle of government spending at its worst is the hill they want to die on. Conservatives watched with glee as Rep. Maxine Waters, Sen. Chuck Schumer, et al, led the Charge of the Lightweight Brigade to USAID’s former headquarters. Cue dopey chant: “wE Will wiN!” (2025 update—no, you didn’t).
Before all the spending porn (as the great Louisiana wag, Senator John Kennedy dubbed it), Democrats’ opinion polls were in the gutter, with a disapproval rating of 57%.
Do the Dems think rushing to the barricades to defend out-of-control spending will earn them the respect and admiration of the American public? Expect their approval ratings to continue to sink like the Hindentanic.
USAID is just the beginning.
Wait until DOGE bites into the Department of Defense, which has never passed an audit.
In 2019 while on reserve duty at the Pentagon, I was thrown into yet another meeting chockablock with PowerPoint slides, so beloved by our military. This particular meeting was to cover the results of a service-wide audit. To summarize about 187 slides and 2 hours: we failed.
All the top brass in the room somberly listened to the auditors describe $5 billion worth of missing aircraft engines, leases for buildings and land that did not exist, accounting systems closer in age to the abacus than a modern spreadsheet, and miles of missing debits and credits.
As the most junior officer in the room, I kept quiet but closely studied the faces of my superiors. They too, kept quiet, only murmuring “next slide” as disaster after financial disaster was flashed across the screens.
My inner fiscal hawk prayed that the service chief would flip the table over and channel Col. Nathan “YOU CAN’T HANDLE THE TRUTH” Jessep. But he remained impassive and the meeting dissolved with a whimper and no plans for reform.
That night leaving D.C., I happened to bump into a very senior republican senator at Reagan National Airport and thought it my civic duty to share the (unclassified) events of earlier in the day. I told the venerable appropriator that the audit had revealed billions in waste, fraud, and abuse, and even suggested he should make a request to see the failed audit for himself.
(In the hindsight afforded by three years working in the U.S. Senate, I now know how utterly naive this moment was).
He paused a moment, then said, “Well, you know how these things are. That’s Washington for you.”
I felt sick at the time, which is likely the same feeling many Americans are having this week as they see the grift laid bare in our nation’s capital.
But the good news is that Trump and his DOGE team have restored the hope that government might be right-sized and returned to solid financial footing.
On Friday, when he was asked about the job Elon Musk is doing, the President remarked, “I think we’re going to be very close to balancing budgets for the first time for many years.”
What a tantalizing prospect — a government that spends within its means may truly bring about the golden age of America promised in the president’s inaugural address.
Morgan Murphy is military thought leader, former press secretary to the Secretary of Defense and national security advisor in the U.S. Senate.
Business
Bill Gates Gets Mugged By Reality

From the Daily Caller News Foundation
You’ve probably heard by now the blockbuster news that Microsoft founder Bill Gates, one of the richest people to ever walk the planet, has had a change of heart on climate change.
For several decades Gates poured billions of dollars into the climate industrial complex.
Some conservatives have sniffed that Bill Gates has shifted his position on climate change because he and Microsoft have invested heavily in energy intensive data centers.
AI and robotics will triple our electric power needs over the next 15 years. And you can’t get that from windmills.
What Bill Gates has done is courageous and praiseworthy. It’s not many people of his stature that will admit that they were wrong. Al Gore certainly hasn’t. My wife says I never do.
Although I’ve only once met Bill Gates, I’ve read his latest statements on global warming. He still endorses the need for communal action (which won’t work), but he has sensibly disassociated himself from the increasingly radical and economically destructive dictates from the green movement. For that, the left has tossed him out of their tent as a “traitor.”
I wish to highlight several critical insights that should be the starting point for constructive debate that every clear-minded thinker on either side of the issue should embrace.
(1) It’s time to put human welfare at the center of our climate policies. This includes improving agriculture and health in poor countries.
(2) Countries should be encouraged to grow their economies even if that means a reliance on fossil fuels like natural gas. Economic growth is essential to human progress.
(3) Although climate change will hurt poor people, for the vast majority of them it will not be the only or even the biggest threat to their lives and welfare. The biggest problems are poverty and disease.
I would add to these wise declarations two inconvenient truths: First: the solution to changing temperatures and weather patterns is technological progress. A far fewer percentage of people die of severe weather events today than 50 or 100 or 1,000 years ago.
Second, energy is the master resource and to deny people reliable and affordable energy is to keep them poor and vulnerable – and this is inhumane.
If Bill Gates were to start directing even a small fraction of his foundation funds to ensuring everyone on the planet has access to electric power and safe drinking water, it would do more for humanity than all of the hundreds of billions that governments and foundations have devoted to climate programs that have failed to change the globe’s temperature.
Stephen Moore is a co-founder of Unleash Prosperity and a former Trump senior economic advisor.
Automotive
Elon Musk Poised To Become World’s First Trillionaire After Shareholder Vote

From the Daily Caller News Foundation
At Tesla’s Austin headquarters, investors backed Musk’s 12-step plan that ties his potential trillion-dollar payout to a series of aggressive financial and operational milestones, including raising the company’s valuation from roughly $1.4 trillion to $8.5 trillion and selling one million humanoid robots within a decade. Musk hailed the outcome as a turning point for Tesla’s future.
“What we’re about to embark upon is not merely a new chapter of the future of Tesla but a whole new book,” Musk said, as The New York Times reported.
Dear Readers:
As a nonprofit, we are dependent on the generosity of our readers.
Please consider making a small donation of any amount here.
Thank you!
The decision cements investor confidence in Musk’s “moonshot” management style and reinforces the belief that Tesla’s success depends heavily on its founder and his leadership.
Tesla Annual meeting starting now
https://t.co/j1KHf3k6ch— Elon Musk (@elonmusk) November 6, 2025
“Those who claim the plan is ‘too large’ ignore the scale of ambition that has historically defined Tesla’s trajectory,” the Florida State Board of Administration said in a securities filing describing why it voted for Mr. Musk’s pay plan. “A company that went from near bankruptcy to global leadership in E.V.s and clean energy under similar frameworks has earned the right to use incentive models that reward moonshot performance.”
Investors like Ark Invest CEO Cathie Wood defended Tesla’s decision, saying the plan aligns shareholder rewards with company performance.
“I do not understand why investors are voting against Elon’s pay package when they and their clients would benefit enormously if he and his incredible team meet such high goals,” Wood wrote on X.
Norway’s sovereign wealth fund, Norges Bank Investment Management — one of Tesla’s largest shareholders — broke ranks, however, and voted against the pay plan, saying that the package was excessive.
“While we appreciate the significant value created under Mr. Musk’s visionary role, we are concerned about the total size of the award, dilution, and lack of mitigation of key person risk,” the firm said.
The vote comes months after Musk wrapped up his short-lived government role under President Donald Trump. In February, Musk and his Department of Government Efficiency (DOGE) team sparked a firestorm when they announced plans to eliminate the U.S. Agency for International Development, drawing backlash from Democrats and prompting protests targeting Musk and his companies, including Tesla.
Back in May, Musk announced that his “scheduled time” leading DOGE had ended.
-
Business2 days agoCarney budget doubles down on Trudeau-era policies
-
COVID-192 days agoCrown still working to put Lich and Barber in jail
-
Business1 day agoCarney’s Deficit Numbers Deserve Scrutiny After Trudeau’s Forecasting Failures
-
Business2 days agoCarney budget continues misguided ‘Build Canada Homes’ approach
-
International1 day agoKazakhstan joins Abraham Accords, Trump says more nations lining up for peace
-
armed forces22 hours agoIt’s time for Canada to remember, the heroes of Kapyong
-
Business2 days agoHere’s what pundits and analysts get wrong about the Carney government’s first budget
-
Automotive1 day agoElon Musk Poised To Become World’s First Trillionaire After Shareholder Vote



