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Palantir Drops 10% on Report of Pentagon Slashing Budget

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Re: Palantir Drops 10% on Report of Pentagon Slashing Budget

#61

Post by kennysoona »

milesrout wrote: post #60
kennysoona wrote: post #34

Earlier quoted context omitted.

Right, because all of that talk of taking Greenland is just a joke .

Trump has specifically said, more than once, that he says things that he does not intend to follow through on internationally to make US foreign policy more difficult to predict. He also clearly says things to establish negotiating positions for more reasonable objects. Panama is obviously the latter.

> Trump has specifically said, more than once, that he says things that he does not intend to follow through on internationally to make US foreign policy more difficult to predict.

That's an idiotic policy that embarrasses the country and should not be defended, but condemned for what it is - strategic hyperbole or not.

Re: Palantir Drops 10% on Report of Pentagon Slashing Budget

#62

Post by blackeyeblitzar »

3eb7988a1663 wrote: post #45
blackeyeblitzar wrote: post #29

Earlier quoted context omitted.

> I don’t trust republicans in Congress to actually do it. But it could be a historic opportunity for democrats to call their bluff and support the cuts. I think there’s a huge natural reason for both parties to get behind significant and aggressive cost cutting, which is the accumulating debt and wasted spending on interest payments. Reductions in costs, even outside mandatory spending, will have an effect on reduci…

I do not see how you square that with the tax cuts that are being proposed in the same breath. Some $4.5 trillion in reduced revenue makes the debt problem worse.

It depends on the details. It’s certainly possible that more money in the hands of consumers, entrepreneurs, and investors will lead to growth that will have larger revenue generating effects than the apparent losses. It’s also possible that an initial round of spending reduction and tax reduction will encourage the public to support further changes in the future, including bigger cuts in spending - meaning it doesn’t have to all balance out at once right now. I do think that public appetite for this will grow - just purely based on the numbers, it seems inevitable that the US will end up revisiting Social Security, Medicare, and Medicaid. It’s painful but I think more people are recognizing this reality daily.

Coming back to the revenue reductions: the Trump 2.0 administration is very different than Trump 1.0, and he has a lot of smart, experienced people around him to advise him. I can envision them coming up with plans that are successful in putting America back on the right track. But I certainly don’t “trust” the plan by default, for the same reason you’re bringing up. At the same time, I don’t want to be too negative about it either - we just don’t know enough about it. And maybe that’s okay, since it can be useful for the administration to not reveal their larger strategy publicly for many reasons. So I can’t square it, but I am hopeful about where all this is going. Continuing the trajectory of the last several administrations is worse.

Re: Palantir Drops 10% on Report of Pentagon Slashing Budget

#63

Post by 6510 »

XorNot wrote: post #48
lantry wrote: post #18

Earlier quoted context omitted.

> to keep the trade routes safe or whatever, I don’t know Americans benefit a lot from being the world superpower, a lot more than they know, in ways that aren't apparent until they're gone. In 10 years it will be obvious what a mistake it was to intentionally renounce this position.

The US dollar as the global reserve currency is an advantage Americans really don't appreciate the magnitude of. The US government is the one nation on Earth that can mint it's own money, and then just pay for things it wants in that same currency directly. There is international trade not involving the US which is executed in US dollars, and country's where it's the de facto real currency compared to the local one.…

Vlad had it calculated. Using the dollar as the world's reserve currency has brought the US "unearned" $10 trillion over 10 years.

> advantage Americans really don't appreciate

How can they? They don't get any of that $2150.- per month per citizen? They are told everything must be paid from their taxes? Doublethink is hard?

Re: Palantir Drops 10% on Report of Pentagon Slashing Budget

#64

Post by 6510 »

Waterluvian wrote: post #50
rayiner wrote: post #12

Earlier quoted context omitted.

At least among voters, there’s been a realignment over the last decade along the globalism/nationalism dividing line. The factions that favor globalism seem to also favor American military empire (to keep the trade routes safe or whatever, I don’t know). I don’t trust republicans in Congress to actually do it. But it could be a historic opportunity for democrats to call their bluff and support the cuts. A once in a c…

Russia invading a country that was legitimately starting a new chapter in becoming more democratic is what changed my mind on military budgets. However you want to frame globalism, nationalism, etc. I think it’s a perfectly rational reason to think, “huh, maybe it doesn’t just have to be pork barrel spending and to invade countries with oil…”

The agreement was that we would not put rockets in their back yard. The response was therefore entirely predictable which means we should now consider if it was worth putting rockets in their back yard. What was gained by it?

Weakening Europe was of course good for the US economy. Blowing up our gas pipe was also good for the US economy.

But if you want to follow the official narrative: How democratic is Ukraine now that everyone is dead and the elections have been cancelled a year ago?

Re: Palantir Drops 10% on Report of Pentagon Slashing Budget

#65

Post by 6510 »

Seattle3503 wrote: post #56
Waterluvian wrote: post #50

Earlier quoted context omitted.

Russia invading a country that was legitimately starting a new chapter in becoming more democratic is what changed my mind on military budgets. However you want to frame globalism, nationalism, etc. I think it’s a perfectly rational reason to think, “huh, maybe it doesn’t just have to be pork barrel spending and to invade countries with oil…”

I agree. American misadventures in Vietnam, Iraq, and Afghanistan have eroded the American peoples appetite for intervention. But there is somethings to be said for being the arsenal of democracy and defenders of a liberal world order. If we don't defend a LWO, we will sit and watch as illiberal dictators carve up the world and subjugate its people. Maybe thats okay if we save money and don't risk becoming the bad gu…

The US supports obedient dictators and actively creates them. There is no heroically rescuing people from terrible oppressors but you can imagine why it is sold like that.

Re: Palantir Drops 10% on Report of Pentagon Slashing Budget

#66

Post by gaganyaan »

rayiner wrote: post #25
fourside wrote: post #22

Earlier quoted context omitted.

It’s like if Google employees complained about Google paying Apple a bunch of money to be the default search engine on Safari. “Why are we spending so much money propping up another mobile OS when we have our own to worry about? Let them develop their one search engine.” Apparently paying so that most of the world is playing by your rules isn’t enough of a benefit and we’d rather the US not have nearly as much levera…

[flagged]

You lack fundamental knowledge of how the world functions

Re: Palantir Drops 10% on Report of Pentagon Slashing Budget

#68

Post by marcuskane2 »

blackeyeblitzar wrote: post #35
spamizbad wrote: post #24

Earlier quoted context omitted.

The realignment is less about globalism vs nationalism + multi-polar world and more about creating a tolerance for expansionist nationalism whereby we establish an agreement with major powers to divide up the world for open conquest, with Russia, China and the United States all operating in their respective "sphere of influence" I think its proponents imagine a world where Russia slowly reassembles territories it los…

Is Russia still a major power on the same scale as China or the US? I think the list would probably be more like US, China, and India. Russia is further behind on population, GDP, and other measures. And Russia is quickly entering a situation where they may just be controlled by China, like North Korea. I wouldn’t be surprised if China takes territory from Russia by force or at least negotiates for it. It’s possible…

Given that Trump appears to be doing Putin's bidding, that makes them instantly a major power.

Trump is meeting with Putin without any representatives from Ukraine or Europe, and claiming that Ukraine is at fault for getting invaded and should just surrender everything to Putin.

Since Trump seems to be adversarial to China but very friendly if not outright subservient to Russia, it makes the China-Russia dynamic profoundly different.

I suspect if China invaded Taiwan Trump would shrug, but if China threatened Russia that Trump would come to Russia's aid.

Re: Palantir Drops 10% on Report of Pentagon Slashing Budget

#69

Post by panarky »

ggm wrote: post #52

This isn't the thing the pentagon or any strategic intelligence agency is going to cut longterm. Much though it grieves me, I'd say any contract cuts will be short lived because they want the Intel.

Cutting government isn't to save money, it's to evict ideologically non-aligned people who might impede the Red Hat agenda.

Palantir is a force-multiplier that replaces a bureaucracy of people with raw data and AI agents.

That's why the stock is up 200% since the election.

Palantir is not a casualty of budget cuts, it's possibly the biggest single beneficiary.

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