Reminder: Donald Trump isn’t your president just yet.
And even so, he’s ALREADY hard at work.
True Conservatives take note: his questioning of the American government expenses over the past one to two months has made him more of a spending hawk than all the supposed Conservatives that have been in office for decades.
Putting aside many of his personal foibles, Trump is the consummate businessman who believes in a strong opening bid. It puts the competitor on the defensive and it shows them you mean business.
The President-elect met with Marillyn Hewson, CEO of Lockheed Martin, earlier in the week to discuss cost overruns for the F-35 program. After the meeting, Trump wasn’t shy. With the power of a single tweet, according to CNBC, he sent Lockheed shares in a downward spiral to the tune of about $1.2B of market value:
“Based on the tremendous cost and cost overruns of the Lockheed Martin F-35, I have asked Boeing to price-out a comparable F-18 Super Hornet!”
So, the very same company that Trump had an exceptionally productive meeting with last week after a little Air Force One dust-up, now becomes the recipient of a possible olive branch in the form of F-18 bids.
“The F-35 program and cost is out of control,” Trump wrote on Twitter about Lockheed Martin’s program.
It has an estimated cost of $1.45 trillion over the next 50 years. In 2009, the cost of the program was estimated at $900 million.
In only seven short years, costs for the program went from just under a billion dollars to $1.45T! Can you say, “inflation on steroids”?
Which brings us back to the original point about so-called Conservative hawks in Congress right now who have been at the helm of our spending. There’s a new sheriff in town, hombres…and his name is Donald J. Trump.