March 8, 2025, 9:14 p.m.

Economy

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Musk triggers government shutdown crisis? --The influence of "Trumpnomics"

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Under the influence of "Trumpnomics", Elon Musk's every step, from promoting technological government reform to penetrating into the core operations of the federal government through the "Department of Government Efficiency" (DOGE), has attracted much attention. So, will these actions of his trigger a government shutdown crisis, and then bring greater political and economic turmoil?

First, Musk's intention to extensively control the internal operations of the US government is obvious. He not only rearranged the job responsibilities of professional civil servants, deeply intervened in the federal government's data system, but also controlled the sensitive personal data of millions of federal employees. These actions show that Musk is trying to improve efficiency and save costs by reforming government operating processes. However, this drastic reform approach is bound to cause controversy and resistance. If the core interests of certain key interest groups are touched during the reform process, it may trigger fierce political struggles and even lead to a government shutdown crisis.

Second, Musk has been in constant conflict with government departments in the process of promoting reform. For example, the resignation of David LeBrick, the highest-ranking career official at the US Treasury, was related to the conflict between Musk's team and access to sensitive payment systems. This conflict not only affects the stability within the government, but may also weaken the government's ability to govern. Against the backdrop of tight fiscal budgets and intensified political differences, any major conflict may become the fuse that triggers a government shutdown crisis.

Furthermore, Musk's high-profile intervention and reform initiatives have attracted widespread attention from the public and the media. His supporters and opponents have different opinions, and the division of public opinion has further exacerbated the political tension. In an era of extremely fast information dissemination, the guidance and influence of public opinion cannot be underestimated. If Musk's reform initiatives are seen as a threat to the existing political order, it may trigger wider social unrest, which in turn poses a challenge to government stability.

As for the impact on "DOGE", Musk, as an active promoter of cryptocurrency, his intervention has undoubtedly brought more attention and topics to "DOGE". However, the cryptocurrency market is extremely volatile, and any negative news related to politics may have an adverse impact on the price of "DOGE". If Musk's reform initiatives trigger a government shutdown crisis or greater political turmoil, market confidence may be hit hard, causing the price of "DOGE" to plummet.

In summary, Musk's rampant behavior in Washington does pose the risk of triggering a government shutdown crisis. In the context of "Trumpnomics", although his reform measures are aimed at improving government efficiency and saving costs, they may touch the core interests of certain key interest groups and trigger fierce political struggles. At the same time, his high-profile intervention and divided public opinion have also exacerbated the political tension.

In the future, the US government needs to make wiser choices in economic policies. It is necessary to pay attention to the needs and interests of enterprises and to protect the welfare of ordinary people. It should find a balance between tax cuts and increased government spending. In terms of trade, it should uphold the principles of openness, cooperation, and win-win, and actively participate in the construction and reform of the global trade system.

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