Musk posted a Dogecoin meme, DOGE jumped, helping Trump to rally and shout: cut the federal budget by at least US$2 trillion

In this year's US presidential election, Tesla CEO and X platform boss Elon Musk publicly expressed his support for Republican presidential candidate Trump, not only donating $75 million in campaign funds in the 3rd quarter, but also launching a plan to raffle off $1 million in prizes for signing a petition (later suspended due to legal concerns), mobilizing the masses to support him. Musk once again promotes Doge It is worth noting that Musk has not forgotten his identity as the "Doge father", and on the eve of the US presidential election, he has publicly promoted Doge again. This morning at 10 o'clock, he tweeted a picture of himself supporting Trump, wearing a "Make America Great Again" hat and raising his arms high, while also sharing a photo of a Shiba Inu making a similar gesture. In addition, Musk also replied to a tweet by Doge Designer, the designer of the Doge Foundation, saying "Foundation->Terminus", TERMINUS is the name Musk has given to the first city on Mars in the future, according to his previous plan, he plans to establish the first Martian city TERMINUS that can accommodate 1 million people by 2050. And possibly influenced by Musk's tweet, CoinGecko data shows that starting at 10 am this morning, the Doge price rose from $0.1418 to a high of $0.1458 within 1 hour, a maximum increase of nearly 3%, and then fell back slightly, as of the time of writing, it is reported at $0.14306, up 3.44% in the last 24 hours. Musk wants to help the US cut $2 trillion from the federal budget Previously, Trump had stated that if he wins the election, he will invite Musk to lead a government spending audit and implement strong reforms, establishing a "Department of Government Efficiency" (D.O.G.E) to propose ways to reduce waste, fraud and unnecessary spending. As the election campaign enters the final stage, Musk took the stage again on the 27th to campaign for Trump. When he attended the rally at Madison Square Garden in New York, he outlined his vision of drastically cutting government spending, saying that if Trump wins the presidential election, he can streamline at least $2 trillion from the federal government's budget: "Your money is being wasted. We will make the government no longer bother you, no longer take money out of your pockets." According to US Treasury Department data, the federal government's spending in the 2024 fiscal year is $6.75 trillion, which means that cutting $2 trillion in budget spending would account for nearly a third of the federal government's current spending. However, critics have criticized that Musk's involvement in the government will face conflicts of interest, as his companies Tesla and SpaceX have obtained federal contracts worth billions of dollars, and also benefit from federal government spending, including electric vehicle tax credits and infrastructure investment.