President Donald Trump came out firing today blasting countries from around the world for taking advantage of the largesse of U.S. military might for decades.
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Grumpy Trumpy
In a tweet on Truth Social, the President, which according to our Trump Dashboard showed him in a grumpy Trumpy mood, took aim with the following soliloquy.
“The United States of America has been ripped off on TRADE (and MILITARY!), by friend and foe, alike, for DECADES. It has come at a cost of TRILLIONS OF DOLLARS, and it is just not sustainable any longer – And never was!
Countries should sit back and say, “Thank you for the many year’s long free ride, but we know you now have to do what’s right for America.” We should respond by saying, “Thank you for understanding the situation we are in. Greatly appreciated!”
Presumably, Trump is referring to the expenditure the U.S. has provided the NATO alliance over the years, as well as protecting other nations around the globe from attacks by communist, despotic or terrorist- friendly states.
Now, some guys and gals on the street would like to think that the U.S. had made these financial commitments in the name of democracy and freedom. The Band of Brothers standing together no matter the cost.
Trump Ain’t No Rambo
Well, not in Trump’s world who seems more rumbustious than Rambo, despite the comparisons.
U.S. defense stocks were lifted, however, with Northrop Grumman (NOC) edging up 1% and Lockheed Martin (LMT) up 0.5%.
These stocks will likely benefit from U.S. allies such as the U.K. spending more on defense because they produce most of the cutting-edge weapons needed in today’s digital warfare.
Although, perhaps Trump should be careful with his war of words. U.S. Treasury data released late last week showed that Department of Defense spending across operations and maintenance (O&M), research and development (R&D), and procurement accounts was up 2% in the June quarter, a deceleration from 7% in the March quarter and 8% in the December quarter.
But rather than the old adage, a day is another day, Trump believes that an hour is another hour. There are hints that the U.S. is ready to spend big again on defending Ukraine. What will Trump’s next shot and choice of words be?
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