DOGE: Musk and Trump teaming up to 'reshape the government', is it real reform or a new joke?
When you hear DOGE, what is your first reaction? Is it the Shiba Inu meme or Elon Musk's beloved cryptocurrency Dogecoin? Now, the meaning of DOGE has evolved again, becoming the codename for a forthcoming 'epic' plan by the U.S. government—the 'Department of Government Efficiency'. Co-led by Musk and entrepreneur Vivek Ramaswamy, this plan has the strong endorsement of President-elect Trump, with the goal of cutting redundant government spending and streamlining federal agencies.
However, is this 'small government revolution' led by billionaires an ambitious reform blueprint, or yet another mockery of 'national carnival'? Let's use a pair of eyes that have seen the melon fields to dig deep into the core of DOGE.
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What is DOGE? Is it reform, or a continuation of a 'crypto circle joke'?
DOGE, this seemingly joking acronym, pays homage to the beloved Dogecoin by Musk and continues his obsession with meme culture. However, Trump's formal announcement has given this former joke a basis in reality.
According to Trump's plan, DOGE will 'save America' by issuing recommendations and cutting budgets. This department is not a federal agency in the traditional sense, as Congress has not approved its existence as an official department. However, Trump has made it clear that the actions of DOGE will mainly rely on direct presidential directives and support from his congressional backers.
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Why choose Musk and Ramaswamy?
Elon Musk: He is not only the CEO of SpaceX and Tesla but also a 'meme machine that brings its own traffic'. Musk's business empire and obsession with cost efficiency make him the 'best candidate' for cutting government spending.
Vivek Ramaswamy: This entrepreneur, who once participated in the presidential primaries, is known for his advocacy of small government and rapid execution capabilities. Although he lost in the primaries, his supporters have always believed that he is the ideal person to reshape federal agencies.
Both have promised to work unpaid and will assemble a 'high IQ, ultra-diligent' team. According to Musk's tweets, these individuals must not only be willing to work over 80 hours a week but also have an inherent aversion to bureaucracy.
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What will DOGE actually do?
The core goal of DOGE is to cut the U.S. government's budget deficit. Both Trump and Musk have put forward ambitious visions:
1. Reduce government spending: Musk suggests cutting the U.S. federal budget by one-third (equivalent to $2 trillion).
2. Layoffs and institutional restructuring: Ramaswamy proposed cutting 75% of federal government employees and dissolving 'unnecessary agencies' such as the Department of Education and the FBI.
3. Live streaming reform progress: DOGE will hold weekly live streams to share the latest results in reducing government waste, aiming to increase transparency and public support.
However, the two have not reached complete agreement on the specific details of spending cuts. Musk is more focused on macro spending cuts, while Ramaswamy is looking directly at reducing the number of federal employees.
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Why is it called DOGE? The politicization of meme culture?
The naming of DOGE is not arbitrary but a deep tribute to meme culture. Dogecoin (DOGE) has always been Musk's favorite, and he has mocked and promoted this token multiple times on Twitter, even calling himself the 'Dogefather'. Trump's campaign team has also seized the opportunity to launch a series of DOGE-themed merchandise, including T-shirts featuring Musk, Trump, and Shiba Inu images. This meme-based naming strategy further blurs the lines between politics, business, and entertainment.
The existence of DOGE seems to be a satire of traditional bureaucratic institutions: do we really need serious names and complex systems to solve problems?
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The potential and controversy of DOGE: Can it really save America?
Potential:
Streamlining efficiency: The goal of the Department of Government Efficiency is to drive public sector reform with a market-oriented mindset, which theoretically can reduce waste and improve transparency.
Public participation: By sharing progress through live streams, DOGE could become the most transparent government reform plan in history, attracting the attention and participation of ordinary citizens.
Controversy:
Power and legitimacy: DOGE is not an official government department, and its influence and execution may be questioned.
Radical cuts: Will plans for large-scale layoffs or closing federal agencies undermine the basic functions of the U.S. government? For example, would dissolving the FBI have profound implications for national security?
Political inclination: Is the promotion themed around memes and Dogecoin too entertaining? Is such a strategy suitable for serious national reform issues?
As more news pushes DOGE gradually to the center of the market, market sentiment has expanded accordingly, with recent attention and capital inflows significantly increasing, indicating that the market is optimistic about its future potential. From a short-term perspective, the price of DOGE is 0.38186 yuan, with a 24-hour increase of 2.89%. The trend is upward, with the price approaching the 0.4385 high point. The Bollinger Bands show that the price is close to the upper band, indicating short-term overbought pullback pressure; the KDJ indicator is diverging at a high level, indicating that bulls are still dominant, but adjustments should be watched for; the MACD red bars continue to grow, indicating a positive trend. Trading volume is increasing, with market capital inflows, but further volume support is needed. If it can break through the resistance level of 0.4385, the target may aim for above 0.45; if volume is insufficient or the market weakens, the price may pull back to the range of 0.35-0.37. Short-term focus can be on high-level breakout opportunities with strict stop-loss; for medium to long-term planning, it is recommended to wait until the price stabilizes before making arrangements.
Is DOGE a joke, or a watershed moment in history?
The birth of DOGE is undoubtedly a dual overlay of Musk's and Trump's personal styles: their performative personalities possess whimsical creativity and bold reform ambitions. It could either become a landmark small government experiment or devolve into a fleeting entertainment farce.
For us observers in the melon fields, DOGE represents not just a reform attempt, but also a subversion of modern political narratives: it no longer appears with a serious face, but opens a political experiment through memes and social media.
The question is, will this experiment end in humor, or will the reforms take effect? Perhaps we will only know the answer on July 4, 2026.
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