(THE SCORCHED EARTH POLICY OF DOGE)
February 19, 2025
Hello everyone
Donald Trump is pushing boundaries.
And how will it all look when he’s finished?
We know he recently fired people from the National Nuclear Security Administration (NNSA), which is the agency tasked with maintaining the country’s nuclear weapons.
But, within a day, there was a quick about-face when he contacted many of the affected employees, informing them their termination notices had been rescinded.
The layoffs were part of a massive cost-cutting program led by Elon Musk and his Department of Government Efficiency (DOGE).
Thousands of workers across the federal government have been fired.
And on top of that number, there are about 75,000 people who have accepted the “buyout” option, which promises pay and benefits until September in exchange for their resignations.
The Trump administration has charged forward with its mission to cut spending by freezing government spending and closing agencies, including the US Agency for International Development (USAID).
Trump’s actions seem to be treading on toes. Legal challenges have been enacted against many of his executive orders, which have slowed some aspects of the President’s agenda. Trump cannot abolish USAID, for example, without congressional approval. Congress holds, as one of its many powers, decisions around spending and tax. Trump is stepping beyond that boundary by undermining Congress’s authority.
There are three divisions of government in the US. The executive is run by the President, the legislative is run by Congress, and the judiciary is run by the courts. This setup is designed to prevent any one branch from becoming too powerful. In other words, it ensures a balance of power, ensuring no one branch oversteps its boundary.
It will be very interesting to see how history views Mr Trump in future years.
TRADE ALERT
Veritex Holdings (VBTX) provides various commercial banking products and services to small and medium-sized businesses and professionals. The company accepts deposit products, including demand, savings, money market, and time accounts. Its loan products include commercial real estate and general commercial, mortgage warehouse loans, residential real estate, construction and land, farmland, paycheck protection program, 1-4 family residential, agricultural, multi-family residential, and consumer loans as well as purchased receivables financing. The company operates full-time service branches located in the Dallas-Fort Worth metroplex and the Houston metropolitan area.
In summary, the company provides accounting & taxation services, bookkeeping, business advisory, and business start-up services to small businesses and professionals.
Veritex Holdings was incorporated in 2009 and is headquartered in Dallas.
We are looking to hold this stock only for a short to medium-term trade here.
Buy (VBTX) at $26.44. Place a GTC (Good till Cancelled) Sell Stop at $18.10.
SOMETHING TO THINK ABOUT
Cheers
Jacquie
