A Group Of Voters Want To End The Federal Government As We Know It

A conservative political group, Project 2025, is attempting to push an agenda that would dramatically reshape the federal government.

The group wants to effectively dismantle the federal bureaucracy, and potentially fire as many as 50,000 employees, according to a recent Associated Press report.

Trump 2.0?: The group, which has the support of a number of different conservative organizations including the Heritage Coalition, is eying a potential second term from former President Donald Trump. 

“It is not enough for conservatives to win elections,” Project 2025’s website reads. “If we are going to rescue the country from the grip of the radical Left, we need both a governing agenda and the right people in place, ready to carry this agenda out on Day One of the next conservative Administration.”

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Market Impact: Project 2025’s nearly 1,000-page mandate includes plans that it says will incentivize private defense contractors to partner with the government. If successful, this could potentially benefit companies like Lockheed Martin Corp LMT and RTX Corp RTX. 

“Strengthen the ability of acquisition authorities to engage in multiyear procurements and block buys,” the plan reads on page 97. “This will improve private-sector rates of return, thereby incentivizing defense contractors to partner with the government. It will also reduce government overhead by reducing the number of procurement competitions.”

As we head into the 2024 presidential election year, more focus could be placed on politically-linked stocks. Digital World Acquisition Corp DWAC, the former SPAC linked with Trump’s social media platform Truth Social, is trading down more than 10% in the last month. 

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