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The New Coffee Room

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  3. Beating Social Security fraud

Beating Social Security fraud

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  • X Offline
    X Offline
    xenon
    wrote on last edited by xenon
    #1

    Lutnick says then it off and the fraudsters will
    Identify themselves. Normies won’t complain.

    https://www.reddit.com/r/WallStreetElite/s/VsqgHklStW

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    • HoraceH Offline
      HoraceH Offline
      Horace
      wrote on last edited by
      #2

      I would like to know the context. Of course it sounds pretty stupid, but it sounds like he's trying to make an abstract point with an analogy about how fraudsters behave compared to normal people. I've seen this snippet elsewhere on the internet, and people are presenting it like he's suggesting we cut SS to root out the fraudsters, which I doubt was the intent. But yes it sounds stupid, and even in context it will probably be a stupid analogy.

      Education is extremely important.

      1 Reply Last reply
      • Doctor PhibesD Offline
        Doctor PhibesD Offline
        Doctor Phibes
        wrote on last edited by
        #3

        I would have thought that poor people who don't get their check are pretty likely to complain. I'm guessing his mother doesn't really need the money.

        I was only joking

        89th8 1 Reply Last reply
        • HoraceH Offline
          HoraceH Offline
          Horace
          wrote on last edited by
          #4

          So, the context is that he was responding to a question about the nation-wide anti-Tesla terrorism. He was trying to explain why people were so mad at Elon. The implication being that the terrorists are beneficiaries of government fraud. I think it's a stupid point (normal tribal politics and fever-pitch existential threat narratives can easily motivate this Antifa-style terrorism-for-fun). But it's not a point meant to imply that anybody is considering stopping SS payments to root out fraud.

          Education is extremely important.

          X 1 Reply Last reply
          • X Offline
            X Offline
            xenon
            wrote on last edited by
            #5

            Full interview. Starts at about 41 mins here:

            Link to video

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            • HoraceH Horace

              So, the context is that he was responding to a question about the nation-wide anti-Tesla terrorism. He was trying to explain why people were so mad at Elon. The implication being that the terrorists are beneficiaries of government fraud. I think it's a stupid point (normal tribal politics and fever-pitch existential threat narratives can easily motivate this Antifa-style terrorism-for-fun). But it's not a point meant to imply that anybody is considering stopping SS payments to root out fraud.

              X Offline
              X Offline
              xenon
              wrote on last edited by
              #6

              @Horace said in Beating Social Security fraud:

              So, the context is that he was responding to a question about the nation-wide anti-Tesla terrorism. He was trying to explain why people were so mad at Elon. The implication being that the terrorists are beneficiaries of government fraud. I think it's a stupid point (normal tribal politics and fever-pitch existential threat narratives can easily motivate this Antifa-style terrorism-for-fun). But it's not a point meant to imply that anybody is considering stopping SS payments to root out fraud.

              I thought it spoke to his quality as a thinker, and someone who actually understands what it’s like to be a normie.

              I’ve heard him say a lot of dumb things and outright lies… and it calls into question his ability to actually carry out the one thing I’m really tuned into: the tariff war.

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              • HoraceH Offline
                HoraceH Offline
                Horace
                wrote on last edited by
                #7

                Fair. But these long form interviews the Trump admin officials are doing do expose them to these sorts of granular judgments of their detailed thoughts, to a level that no administration has ever been exposed to. We can at least say that this guy is not a complete sociopathic nut job, even if he's not well considered at times. There's a reason Kamala was terrified of these interviews, and I think that reason was a good one. Granted, she would have chosen to say nothing, rather than to say something that could be judged, but 90 minutes of nothing would have damaged her just the same.

                Education is extremely important.

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                • X Offline
                  X Offline
                  xenon
                  wrote on last edited by xenon
                  #8

                  I agree that these interviews expose a person a lot more. But this is not a commentary on the whole administration. For example, Bessent is fine by comparison. He’s not incompetent.

                  One of the downsides of these sort long form interviews is that you can see who is. (Downside for the incompetent person, I guess).

                  Clinton, Bush, Obama, Romney, etc. would all be fine talking for 3 hours. Kamala would be horrible, I agree. We can see from the bits and pieces that we have that she was a lightweight.

                  Edit: and by incompetent, I don’t mean as a person. Clearly he’s probably great at a lot of things to get here. But he’s trying to play this character that is at the same time freewheeling, salesy and tough - like Trump. But also needs to be face of real policy. He’s not doing it well.

                  HoraceH 1 Reply Last reply
                  • X xenon

                    I agree that these interviews expose a person a lot more. But this is not a commentary on the whole administration. For example, Bessent is fine by comparison. He’s not incompetent.

                    One of the downsides of these sort long form interviews is that you can see who is. (Downside for the incompetent person, I guess).

                    Clinton, Bush, Obama, Romney, etc. would all be fine talking for 3 hours. Kamala would be horrible, I agree. We can see from the bits and pieces that we have that she was a lightweight.

                    Edit: and by incompetent, I don’t mean as a person. Clearly he’s probably great at a lot of things to get here. But he’s trying to play this character that is at the same time freewheeling, salesy and tough - like Trump. But also needs to be face of real policy. He’s not doing it well.

                    HoraceH Offline
                    HoraceH Offline
                    Horace
                    wrote on last edited by
                    #9

                    @xenon said in Beating Social Security fraud:

                    But he’s trying to play this character that is at the same time freewheeling, salesy and tough - like Trump. But also needs to be face of real policy. He’s not doing it well.

                    Good point. You can sense the performance, and this describes it well.

                    Education is extremely important.

                    Doctor PhibesD 1 Reply Last reply
                    • HoraceH Horace

                      @xenon said in Beating Social Security fraud:

                      But he’s trying to play this character that is at the same time freewheeling, salesy and tough - like Trump. But also needs to be face of real policy. He’s not doing it well.

                      Good point. You can sense the performance, and this describes it well.

                      Doctor PhibesD Offline
                      Doctor PhibesD Offline
                      Doctor Phibes
                      wrote on last edited by
                      #10

                      @Horace said in Beating Social Security fraud:

                      @xenon said in Beating Social Security fraud:

                      But he’s trying to play this character that is at the same time freewheeling, salesy and tough - like Trump. But also needs to be face of real policy. He’s not doing it well.

                      Good point. You can sense the performance, and this describes it well.

                      The old cliche about if you can fake sincerity, you've got it made, springs to mind.

                      That was always Hillary's problem. You never got the impression that she actually believed in anything at all.

                      I was only joking

                      1 Reply Last reply
                      • Doctor PhibesD Doctor Phibes

                        I would have thought that poor people who don't get their check are pretty likely to complain. I'm guessing his mother doesn't really need the money.

                        89th8 Offline
                        89th8 Offline
                        89th
                        wrote on last edited by
                        #11

                        @Doctor-Phibes said in Beating Social Security fraud:

                        I'm guessing his mother doesn't really need the money.

                        I mean, she has an arts building named after her at Haverford College, and her son is a billionaire. So I'm guessing you're right.

                        1 Reply Last reply
                        • 89th8 Offline
                          89th8 Offline
                          89th
                          wrote on last edited by
                          #12

                          I watched some of the full interview, thanks for posting it @xenon .

                          He comes off a bit smarter than I expected, such as running the transition team, filtering down cabinet positions, etc. He does provide some insight that is, I guess not surprising, but... he said they narrowed down the cabinet position candidates based on how they looked (using AI) and how they talked. I guess that helps in terms of communication, but it didn't seem the emphasis was as much on the actual qualifications of the person for the specific job.

                          Nonetheless, he rubs me the wrong way since he's always smirking and chuckling behind Trump in the oval office, almost like the wanna-be cool kid laughing at the 3rd grade bully's insult jokes at recess. And his lines about social security is just a plagiarized version of what Musk said, except Nutlick takes it a bit too far... two billionaires talking about "who would complain if social security stopped payments" is perhaps one of the most out of touch phrases I've heard in a while.

                          1 Reply Last reply
                          • Doctor PhibesD Offline
                            Doctor PhibesD Offline
                            Doctor Phibes
                            wrote on last edited by
                            #13

                            The idea that billionaires really understand us common folk is quaint.

                            I was only joking

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