President Trump held the first cabinet meeting “of the billionaires” the other day and it was just as crazy as you could imagine.
The first Cabinet meeting of the Trump Administration was strange, particularly when the President was talking about his new $5 million Gold Card.
First Cabinet Meeting
Here is Jayar Jackson of The Watchlist with commentary on the first cabinet meeting of the second Trump Administration.
A reporter asked him if Russian oligarchs would be able to buy American citizenship and he said they could, mentioning that he “knows some Russian oligarchs” and they are “very nice people.” I don't know if it occurred to anyone else, but I feel like Trump being friendly with Russian oligarchs is a bad thing.
Especially for the President of the United States. It explains why one of the very first actions of the DOJ under Pam Bondi was to shut down a program that confiscated the superyachts of Russian oligarchs.
He also said the country stood to gain $50 trillion from the sale of these cards if he sells 10 million of them, which he believes he can. He noted that they could pay the $36 trillion the country currently owes in debt, with extra money left over.
What he failed to consider is that his “big, beautiful” budget bill that just passed in the House (that includes his tax cuts for the rich) is going to add an additional $23 trillion to the current debt over the next 10 years, according to the Congressional Budget Office.
For a President who champions Elon Musk and the work of the DOGE team in making cuts and “saving money,” he sure doesn't seem concerned about adding that much to an already out-of-control debt. Last year, we paid $1 trillion in just the interest alone.
Speaking of Elon Musk, the richest man in the world stood above everyone else seated at the table as he spoke. It looked odd and probably made some of the Cabinet members feel uncomfortable.
