Investor's Edge with Gary Kaltbaum - GaryK's DOGE Moment_03.03.2025 MON

Episode Date: March 3, 2025

Gary K's thoughts and opinions on DOGE 03.03.2025 Mondayhttps://garykaltbaum.com#doge #moment #garyk #market #investments #usa #politics #finance Disclaimer:The opinions you hear on BizTalkRadio, BizTV, or BizTalkPodcasts are those of the hosts, callers, and guests and do not necessarily reflect those of BizTalkRadio, BizTV, or BizTalkPodcasts, its management or advertisers. The information on BizTalkRadio et al does not constitute a recommendation, offer, or solicitation to buy or sell any product or securities. Please consult a professional before investing.

The Doge moment, we start with that. And the best way I can explain it to you of how much of our tax dollars have just been, I'm going to use two words, given away. We are finding out that 7,000 politically connected non-government organizations have 90% of all taxpayer money meant for nonprofits, roughly 300 billion. in government money flows to these not in profits every year with zero transparency on where that money actually goes. They act as a loophole to funnel billions. This is what's happened with this Stacey Abrams woman getting $2 billion of our dollars for climate. Do you remember we told you here for a couple of years when they came out with this inflation reduction at this $1.8 trillion I said to you, oh, there's going to be people going into Delaware that are well-connected

they're just going to start up companies having to do with climate. Well, that's what she did. And that's what a ton of these people did. And I must tell you, they're lucky I'm not running the Justice Department, ladies and gentlemen, because we're finding so much crap out. It's not even funny. But also on top of that, I don't know if you know this. The DC market is crashing.

21% because of people worried about their jobs. And I must tell you, I don't like the way they're doing it. I don't like that they're doing it fast. I don't like they're saying, oh, you got three days you're out. And I know this severance, but people that lose a job, I don't think these government workers are bad people. What I think are bad people, the ones that hired them, knowing that they overdid it to make the economy look better than it really was.

I am 100% sure there are jobs out there that take 20 people, that there's 100 people out there doing the same job. Complete overlap. That's your Doge moment for today. We'll continue with it tomorrow.