Moments after pointing out that stock in Elon Musk's Tesla is tanking, MSNBC contributor and financial analyst Steve Rattner laid waste to the efforts of Musk's Department of Government Efficiency, also known as DOGE.
Pointing to reporting from the New York Times that claims made by DOGE don't add up, Rattner had the MSNBC producers put up a graph with a heading reading, "Budget savings are tiny."
Nothing the differences between DOGE "promises vs realities," Rattner explained to the "Morning Joe" panel, "There's been an enormous amount of commotion. You've had a bunch of people lose their jobs. You've had confusion all over the place. What do we have to show for it? Well, back during the campaign, [Donald ] Trump claimed that he was going to cut $2 trillion from our annual budget. And, by the way, our annual budget is 7 trillion, so you're talking he would have been talking, obviously, about a massive, massive cut."
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Using his charts, he continued, "They quickly realized that was not successful. In January, they said, we'll cut a trillion out of the budget and, by the way, the government's fiscal year is now more than half over anyway. But then on April 10th, they lowered it to $150 billion."
Laughing he added, "So $2 trillion, $1 trillion, 150 –– but even the $150 billion, the New York Times did a very thorough investigation of this. $90 and $92 billion of it is unspecified. Nobody knows where that's coming from."
"So for all the commotion, all the layoffs, all the unhappy people, there's very little to show for it. And you can see that most clearly over here because this tracks federal spending month by month since the beginning of each year, back from 2022. And as you would expect, it went up a little bit in 23, a little bit in 24, but it's actually gone up a good bit in 25. So there's still no impact whatsoever on government spending from all of, as I said, the commotion that Musk has created in Washington."
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