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Clueless Deputy Chief of Space Force Takes Sides in ‘Woke Wars’

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PETERSON AIR FORCE BASE, Colo. -- Col. DeAnna Burt, 50th Space Wing commander, speaks to Airmen and civilians attending the Women's Leadership Symposium at the Peterson Club on Tuesday, Mar. 7th, 2017. Attendees came from a variety of bases, including Buckley, Peterson, Schriever, Vandenberg and Cheyenne Mountain. (U.S. Air Force photo/Senior Airman Laura Turner)

ANALYSIS – You would think that a senior U.S. military officer would finally have figured out that they should stay out of the ‘woke wars’ 

Unfortunately, Lt. Gen. DeAnna Burt, deputy chief of space operations at the U.S. Space Force (USSF), appears to have not gotten the memo.

Even as the Pentagon cracks down on ridiculous Drag Queen shows, and the Congress pushes to eliminate woke policies like taxpayer-funded abortion travel, and ‘diversity’ programs that are more divisive than inclusive, Burt decided now was the time to rail against what she called “anti-LGBTQ+ laws” at the state level.

She made her speech at a Pentagon ‘Pride’ event last week.

Fox News reported that she “claimed that such laws affect her hiring and promotion decisions, sometimes leading her to choose a “less qualified” candidate because of a preferred candidate’s ‘personal circumstances.’”

Yes. She said that.

Fox said that Burt told those attending the event:

Transformational cultural change requires leadership from the top, and we do not have time to wait. Since January of this year, more than 400 anti-LGBTQ+ laws have been introduced at the state level. That number is rising and demonstrates a trend that could be dangerous for service members, their families, and the readiness of the force as a whole. 

Fox News explained:

The “anti-LGBTQ+ laws” Burt mentioned appeared to be referencing the legislation passed by more than 20 states restricting or banning gender-affirming medical care for transgender minors, as well as numerous bills limiting the amount of time in which an abortion can be performed during a pregnancy.

Most of these GOP-led state laws are perfectly reasonable, and designed to protect unborn children, and their mothers, as well as protect kids being pushed into irreversible transgender medical procedures.

They are also totally outside her purview, and democratically established by state legislatures.

But to Burt, they are so dangerous she prefers to hire less qualified candidates due to their ‘personal circumstances,’ rather than subject them to these states’ laws. 

Fox News quoted her as saying:

When I look at potential candidates, say, for squadron command, I strive to match the right person to the right job. I consider their job performance and relevant experience first. However, I also look at their personal circumstances, and their family is also an important factor. 

If the good match for a job does not feel safe being themselves and performing at their highest potential at a given location, or if their family could be denied critical health care due to the laws in that state, I am compelled to consider a different candidate, and, perhaps, less qualified. 

Which part of ‘don’t get into partisan politics or the culture wars’ doesn’t she understand. And hiring less qualified people for a job based on ‘personal circumstances’ sounds like discrimination to me. 

Not to mention horrible leadership, dangerous to national security, and bad for America.

But it’s not just one senior leader at USSF. According to leaked emails, last month, two Navy officials derided critics of the service’s promotion of LGBTQ+ Pride as “bigots” and “a—holes.”

These two ‘Pride Pushers’ reportedly schemed on how to best post a “rainbow wingtip graphic” for LGBTQ+ Pride Month on the Navy social media accounts.

As I wrote about then, the Navy only had one Pride image up on social media for less than a day on June 1st, the start of ‘Pride Month,’ before removing it.

None of the other services posted Pride imagery this year, a stark difference from last year when ‘Pride Month’ began.

This is hopefully part of a broader Pentagon policy to pull out of the ‘woke wars’ and keep partisan, ideological, racial, and sexual politics out of our military.

I noted earlier: “Only the Coast Guard and the National Guard made posts for Pride Month, but neither service changed its profile pictures or header image. Hopefully, they will soon get the memo.”

Well, now I add – these navy officials and Lt. Gen. Burt should also get the memo, or even better, an invitation to a Congressional hearing to explain themselves.

It’s time to focus on real wars, not woke ones.

Opinions expressed by contributors do not necessarily reflect the views of Great America News Desk.

Amanda Head: Judge Denies Hunter’s Plea Deal!

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President Joe Biden hugs his family during the 59th Presidential Inauguration ceremony in Washington, Jan. 20, 2021. President Joe Biden and Vice President Kamala Harris took the oath of office on the West Front of the U.S. Capitol. (DOD Photo by Navy Petty Officer 1st Class Carlos M. Vazquez II)

In a brutal blow to Hunter Biden, a judge has rejected his sweetheart plea deal. What comes next?

Watch Amanda explain the situation below:

Opinions expressed by contributors do not necessarily reflect the views of Great America News Desk.

Amanda Head: Hugh Jackman Goes Insanely Woke

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Another Hollywood hero has gone woke!

“X-Men” Actor and Broadway performer Hugh Jackman says that gender-specific awards are a thing of the past!

Watch Amanda explain the newest controversy below:

Amanda Head: Poll Shows Patriotism, Faith In Sharp Decline

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Have you seen the results of this poll? Are you concerned?

Watch Amanda explain the situation below:

Opinions expressed by contributors do not necessarily reflect the views of Great America News Desk.

‘Bidenomics’ – U.S. National Debt Passes $33 Trillion for First Time

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Image via Pixabay free images

ANALYSIS – In case some readers weren’t sure, this is a big reason the conservative GOP ‘Freedom Caucus’ is threatening a government shutdown. Thanks to Joe Biden’s massive spending orgy, the gross U.S. national debt has breached the $33 trillion mark for the first time.

To be precise, according to the U.S. Treasury Department, as of September 18, 2023 (just 12 days short of the end of our fiscal year), the national debt has risen to $33,053,950,837,720 or $33.05 trillion.

America’s runaway inflation, which is crushing everyone’s pocketbooks, is just one result of this part of ‘Bidenomics.’

This unprecedented debt is also fueling concerns that another fight over federal spending may trigger the first government shutdown since 2019.

Without drastic spending cuts, it’s only going to get worse, much worse.

Even accounting for newly passed spending cuts, the U.S. national debt is on track to top $50 trillion by the end of the decade, impacted by mounting interest and the cost of the nation’s social programs.

This is unsustainable; a looming catastrophe waiting to happen.

And, yes, while Donald Trump clearly overspent, especially due to the COVID-19 epidemic, this current staggering debt, and the debt going forward, is mostly Biden’s fault.

As David Winston explained in Rollcall back in April:

The president [Biden] and his White House have taken the 2020 COVID-19, one-time-only crisis budget as his administration’s working baseline, rather than the pre-Covid 2019 budget, which had a significant $4.4 trillion price tag.

In 2020, because of the pandemic, the budget jumped 47 percent to $6.5 trillion, as both Democrats and Republicans supported the need for emergency funding. That COVID funding was to sunset as the country returned to normal — as it did last year. Apparently, Biden decided to ignore that crucial point.

Instead, he saw that supersized budget in 2020 not as a crisis, but an opportunity that could be exploited going forward to pay for what amounted to a historic spending spree that kicked off with the $1.9 trillion American Rescue Plan and drove what became the worst inflation in 40 years. During Biden’s first two years in office, he oversaw spending that was 40 percent higher than the pre-COVID 2019 budget.

According to the CBO, Biden is going to match Trump’s addition to the national debt in just three years, reaching a total of $7.1 trillion over his four years. That would be $1.5 trillion more than Trump contributed during his term, which included the 2020 one-time COVID emergency spending. If Biden’s 2024 proposed budget actually passed, he would add as much to the national debt as Trump and Bush 43 combined. House Republican leaders have made clear his budget isn’t going anywhere; but it illustrates just how out of control Biden’s spending policies really are.

This is a big reason why the House Freedom Caucus is willing to shut down the government to try to impose some sort of fiscal discipline.

While much of the news has focused on the ‘intransigent’ MAGA conservatives undermining Speaker Kevin McCarthy and the rest of the House Republicans on this issue, Biden refuses to even discuss the House majority’s proposals.

Biden says he wants a “clean” debt ceiling vote without any provisions to control spending. This is not surprising since he just proposed a budget that will reach a record $10 trillion in spending by 2033. 

As horrible as a government shutdown will be, allowing this massive debt to keep growing is unacceptable. Without massive cuts, everyday Americans will still be paying the bill, long after Biden is gone.

Opinions expressed by contributors do not necessarily reflect the views of Great America News Desk.

Media and Dems Admit US ‘Border Crisis’ Only ‘Days Away’

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Construction continues on new border wall system project near Yuma, AZ. Recently constructed border wall near Yuma, Arizona on June 3, 2020. CBP photo by Jerry Glaser.

ANALYSIS – Unfortunately it’s a little late. The Biden border crisis has been ongoing for over two years. It’s only about to get much worse. When Time publishes a piece warning about an impending border crisis, you know it’s a lot more serious than they say.

And this time it will be impossible for the establishment media to ignore or sweep under the rug.

Criminal smugglers, and the powerful drug cartels they work for, control parts of the border. They have been telling would-be illegal migrants that the end of Title 42 will allow people to come into the U.S. 

I have written that there are between 700,000 and one million migrants poised to swarm the border this week when Joe Biden has set Title 42 to expire.

In preparation for the expected migrant onslaught, Biden ordered 1,500 active-duty U.S. troops to the border to support Customs and Border Patrol (CPB) agents on the ground. Though these troops will be mostly performing administrative duties.

Of course, Time does its best to ignore Biden’s dramatic reversal of Donald Trump’s effective border and immigration policies as a cause of the current crisis. Instead, it shills for Team Biden by mindlessly repeating the left’s talking points:

There’s very little a homeland security secretary or an American President can do to reverse human migration patterns predominantly caused by climate change, new storm patterns, rampant violence and economic need. U.S. immigration laws, which could create orderly entry points for migrants to register and work and live in the U.S., are poorly designed to do so, and haven’t been updated in three decades.

Sorry Time, those are all red herrings and have been minor factors for years. The biggest factor in the crisis that has hit our border over the past two years – and is about to get far worse – is Joe Biden and his homeland security secretary, Alejandro Mayorkas. 

Republicans have been sharply critical of Mayorkas’ performance as head of DHS and have called for his removal.

Beyond national security and humanitarian concerns, the consequences of this coming illegal migrant tsunami will also have an impact on the 2024 elections.

And Biden and the Democrats have reason to be worried.

Time writes:

The expected surge in migrants at the border comes weeks after Biden announced his bid for another term in office. A protracted border crisis could become a political liability for Biden going into the 2024 election. A poll in April of swing state voters by Global Strategy Group found that 52% of voters think Biden is ignoring the problem of immigration. But Biden’s new efforts to open up more legal ways to enter the United States, while increasing the consequences for those who cross into the US illegally, may resonate with voters in the key states he needs to win reelection. The April poll found that 76% of swing state voters had positive views of increasing border security, and a similar majority of voters…

This is probably why a member of Congress from Biden’s own party is demanding that he and Mayorkas join Republicans to find a bipartisan solution on immigration as Biden ends the Trump-era Title 42 expulsion policy.

Fox News reports:

Rep. Sharice Davids, D-Kan., warned that the expected onslaught of people trying to cross the border illegally after Title 42 ends could exacerbate the “humanitarian and refugee crisis” if nothing is done to mitigate it.

“As the President has decided to lift the [Title 42] order this week, we now face a doubling of illegal crossings at our southern border by some estimates, exacerbating the current humanitarian and refugee crisis,” Davids wrote in a letter addressed to Mayorkas.

Davids adds: 

As Congress considers immigration reform in the coming weeks, we must make clear to the American people that we are taking this challenge seriously and are ready to find solutions. You [Mayorkas] have had a year to engage prior to the lifting of Title 42, and I hope that you and the President both recommit to working with Congress to achieve real results.

Opinions expressed by contributors do not necessarily reflect the views of Great America News Desk.

Retired Generals Bash West Point for Betraying Core Values, Instilling Socialism

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Daniel Ramirez from Honolulu, USA, CC BY 2.0 , via Wikimedia Commons

ANALYSIS – Two retired generals, and a retired colonel, all three graduates of the U.S. Military Academy (USMA) at West Point, have signed a statement, nominally representing the long list of West Point graduates known as the ‘Long Gray Line,’ accusing the academy of violating its core values.

And also of imposing socialist, anti-American indoctrination.

When you wonder why so many of our military commanders are involved in scandals, and accused of moral and ethical lapses, and even crimes, look no further than West Point, and the other national military academies. 

In their August 17 missive emailed to a long email list and posted on the website of the MacArthur Society of West Point Graduates, the senior officers, LTG Thomas McInerney, USAF (Ret), MG Paul E. Vallely, US Army (Ret), and Col Andrew O’Meara, US Army (Ret), argue that the academy no longer truly enforces the proud institution’s Cadet Honor Code. 

Despite West Point’s motto being “Duty, Honor, Country,” and that motto forming the basis of the Cadet Honor Code, it is now enforced less than half the time.

Rather than resulting in expulsion as in the past, the officers note that “today, the Academy’s website makes the casual web disclaimer that over 50% of convicted violators [of the honor code] are excused and allowed to graduate.”

But the rot goes far further and deeper than just letting unethical cadets graduate to form the backbone of the Army’s officer corps. These cadets are increasingly being indoctrinated in neo-Marxist socialist ideology “that runs counter to the noble principles of the Constitution.”

They add that: “The corruption of cadet instruction with socialist doctrine is further demonstrated by a pronounced bias in selecting guest speakers, who have been almost exclusively liberal.” 

[I would argue they are leftist not liberal]

“We could not identify any conservative speakers in recent years,” they noted. The officers continue:

Specifically, they argue, the teaching of Critical Race Theory (CRT) at the Academy, or ideas derived from that theory, “severs the ties of every cadet to the defense of the Constitution, thereby nullifying the oath cadets have sworn to uphold.”

They explain that: “Critical Race Theory now replaces Duty, Honor, and Country,” at West Point.

And CRT is a cancer.

Critical Race Theory considers the founders evil, the Constitution illegitimate, and the Republic systemically racist. It abolishes the Declaration of Independence that declares all men are created equal. It brands the population as racist, privileged, and unfit to enjoy citizenship rights.

The writers add: “Officers and enlisted troops must sit through leftist indoctrination sessions that portray America as an inherently racist nation, white troops as genetically bigoted, and minority troops as hopeless, lifelong victims.”   

And the authors specifically single out Joe Biden and his team of leftists for accelerating this indoctrination and subversion at the academy, and throughout our military:

The Biden Administration seeks to divorce military service from the defense of the Constitution by replacing allegiance to the Constitution with Critical Race Theory. This prepares the military for its role in support of an overthrow of the government and the Constitutional order. By forcing the military to undergo liberal socialist indoctrination, they sever the linkage between US military service and support for the Constitution. 

To these senior retired officers, the goal is nothing less than the overthrow of our Constitutional system from within. 

Using the manufactured threat of ‘white extremism,’ as the excuse, the left is forcing Critical Race Theory indoctrination on our military to prevent any internal military opposition to the increasingly anti-constitutional actions of this, and other, far-left administrations.

Ultimately, they note: “The cumulative impact of these changes has so altered the Military Academy that USMA betrays the purpose for which it was founded in 1802 – defense of our Constitution and maintenance of individual freedom.”

And I will add – If we don’t remove this rot very quickly, our Republic is truly doomed.

Opinions expressed by contributors do not necessarily reflect the views of Great America News Desk.

Is Biden’s DOJ Out to Get Trump? Or Did Trump Do This to Himself?

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Photo via Gage Skidmore Flickr

In an event unprecedented in American history, a former U.S. president, protected by U.S. Secret Service agents, and currently running for president, was booked on federal criminal charges Tuesday by U.S. Marshals at the U.S. federal courthouse in Miami, before being taken to be fingerprinted and processed.

Donald Trump pled ‘not guilty’ to all charges.

The charges relate to Trump taking a lot of highly classified documents from the White House after he left office. And once discovered, he gave multiple bizarre reasons for having them.

According to the indictment, the highly sensitive materials Trump kept included documents about overseas nuclear weapons holdings and various military plans.

But they are really all about the fact that he refused to turn many of them over for upwards of 18 months. And I have criticized Trump for doing that.

So, did Hillary Clinton get treated differently? Of course! And is Joe Biden’s Department of Justice (DOJ) out to get Trump?

Absolutely! That’s a given.

But Trump could still have avoided all this had he behaved differently, before and after he got caught. And that’s important too.

As with Richard Nixon and Watergate, it was about the cover up.

The 37 charges against Trump include violations of the Espionage Act or the willful retention of national security information as well as one count of “conspiracy to obstruct justice,” one count of “withholding a document or record,” one count of “corruptly concealing a document or record,” one count of “concealing a document in a deferral investigation,” one count of “scheme to conceal” and one count of “false statements and representations.”

Based on the evidence represented in the indictment, and from his own words and deeds, it seems that he did do most of the things he is accused of, despite the Team Trump calls that this is only a political prosecution.

I have said before that Trump basically dared the Justice Department to come after him. And I still believe that had Trump simply turned over all the classified materials when they were first requested, this would have likely ended last year without any criminal proceedings.

But Trump didn’t.

The FBI then conducted a very showy surprise raid on the ex-president’s Florida home, Mar-a-Lago, on August 8, 2022. That raid, and the documents recovered there, eventually led to the 37-count indictment that now put Trump where he is.

THE FBI RAID ON MAR-A-LAGO

Many condemned the FBI raid that launched all this as unprecedented and wrong, including me. I argued that it sent a horrible message to the world and looked highly political. (As does the indictment, arrest, and potential trial).

Apparently, the FBI had doubts about the raid as well.

Steven D’Antuono, who left the FBI late last year, explained the FBI-DOJ disagreements over the planning and execution of the Mar-a-Lago search during an interview last week with the House Judiciary Committee.

While he called the back-and-forth between DOJ and the FBI “an everyday discussion,” he noted that it still created “consternation” among the law enforcement officials, reported Politico.

According to the interview transcripts reviewed by Politico, D’Antuono said DOJ wanted the FBI to quickly seize the classified documents from Mar-a-Lago, claiming they could fall into the wrong hands. But the FBI’s Washington Field Office team preferred to seek Trump’s permission, through his attorneys, to search the premises.

The FBI even proposed a plan to surveil Mar-a-Lago in case Trump’s team tried taking any of the disputed papers offsite, according to D’Antuono.

The FBI “had a plan in place to have surveillance around if we needed to,” he said.

“Again, no one was there. So, if they brought in — they – meaning the [former] president’s, you know, people — brought in a big box truck, we would see it, right, and we would have the search warrant in hand and be able to act at that point.”

In the end, DOJ got its way, and they conducted the surprise raid. Fortunately, Trump wasn’t there when it occurred. And that was at least something.

“I didn’t want the spectacle for obvious reasons of why we’re sitting here today. … It’s a reputational risk, right, and that’s the way I looked at it from the Bureau,” reported Politico.

Unfortunately, the FBI has still suffered a great deal of reputational risk, as has the DOJ under Biden. This all stinks as political.

But Trump has played a big part in all this as well.

Opinions expressed by contributors do not necessarily reflect the views of Great America News Desk.

GOP House Must Impeach DHS Secretary Mayorkas for Dereliction of Duty Over Border

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NEW YORK CITY (September 11, 2022) Homeland Security Secretary Alejandro Mayorkas lays flowers for USSS Master Special Officer Craig Miller and participates in the September 11th Anniversary Commemoration Ceremony at Ground Zero in New York City, NY. (DHS photo by Sydney Phoenix)

ANALYSIS – During Joe Biden’s two-year term in office, the number of illegal migrants swarming into the U.S. has swelled to its highest number in decades. 

Many of these illegals have serious criminal records and Team Biden can’t confirm how many or who they are.

So, what does the administration do?

Rearrange the deck chairs on the Titanic.

Joe Biden’s Customs and Border Protection (CBP) Commissioner Chris Magnus was forced to resign over the weekend by Department of Homeland Security chief Alejandro Mayorkas.

While Magnus, an incompetent leftist ideologue, failed miserably as CPB chief, his firing was purely political, making him a scapegoat for Team Biden’s broader border and immigration disaster.

Analysts believe Magnus was forced to resign to avoid him testifying at future GOP-led House committee hearings.

The real villain here is Mayorkas who really needs to go. 

As a Senate-confirmed cabinet official, he has been derelict in his constitutional duties to protect the U.S. homeland.

He needs to resign or be impeached by the GOP House next year.

As Senator Ted Cruz,( R-Tx.), told Fox News Digital: 

The Biden administration found their fall guy for the chaos at the border. Responsibility for the border crisis lies with Joe Biden and DHS Secretary Alejandro Mayorkas, and real accountability starts with Mayorkas being impeached. Every moment the border continues to remain open only heightens the present humanitarian and national security crisis.

Other GOP lawmakers echoed Cruz’s remarks. Fox News reported:

“The Biden administration has completely failed to protect our borders, and now it’s trying to find a scapegoat,” Burchett said. “Mayorkas should be the one to resign.”

“When Republicans take over the House, we’re gonna bring some rational thought back to our border security operations,” he continued.

Texas Republican Rep. August Pfluger also called on Mayorkas to hit the road, telling Fox News Digital the DHS secretary tried to use Magnus’ departure as a cover-up of his own “failures.”

And Texas congressman Lance Gooden tweeted about Magnus’s resignation: “Accountability would be DHS Secretary Mayorkas joining him.”

Now, GOP lawmakers with the House Homeland Security Committee confirmed that Mayorkas cannot guarantee that no convicted criminals are among the roughly two million border crossers and illegal aliens who have entered the U.S. since Joe Biden took office.

Breitbart News reported:

During a House Homeland Security Committee hearing on Tuesday, Rep. Kat Cammack (R-FL) grilled Mayorkas over the roughly 1.4 million border crossers and illegal aliens that have been released into American communities since February 2021, as well as the 600,000 illegal aliens who are known to have successfully crossed the southern border in Fiscal Year 2022.

“Now can you answer definitively … that none of the 600,000 individuals who are now in the United States amongst our communities that got away are gang members or criminals?” Cammack.

“Your question highlights precisely why we have sought to prioritize national security and public safety threats in our Immigration and Customs Enforcement apprehension and removal efforts,” Mayorkas said, evading the question.

Breitbart continued:

Mayorkas also did not provide data on how many of the nearly 30,000 convicted criminal illegal aliens apprehended in Fiscal Year 2022 went on to claim asylum after arriving at the southern border.

Cammack pressed Mayorkas on whether criminal records exist for those released into the U.S. under the Biden administration thus far.

“In Fiscal Year 2022, you have now released 1.4 million into the United States and my question to you now is can you guarantee that none of those people have criminal records?” Cammack said, to which Mayorkas did not answer directly.

This failure to respond by Mayorkas, and failure to account for, and confirm the identity and whereabouts of a large number of criminal illegal aliens in the U.S. under his watch, is cause for impeachment.

As Breitbart noted: “In April, Mayorkas failed to guarantee to lawmakers that none of the illegal aliens on the FBI Terrorism Watch List or No-Fly List, apprehended at the U.S.-Mexico border at the time, had been released into American communities.”

For all these reasons, and many more, Mayorkas has failed in his constitutional duties and he should be the first Biden cabinet official to go when the GOP takes over Congress in January.

Opinions expressed by contributors do not necessarily reflect the views of Great America News Desk.

Trump’s Net Worth Takes Roller Coaster Ride

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Image via Piaxabay

ANALYSIS – Trump lovers and haters are having quite the ride as Trump’s net worth seems to be on a rollercoaster.

The Wall Street debut of Trump Media & Technology Group (TMTG) – whose flagship product is the social media platform “Truth Social” – boosted Donald Trump’s stock on paper, but the value of his shares has since plummeted. (RELATED: Truth Social Co-Founders Sue Donald Trump)

Will Trump’s 2024 presidential campaign help boost his worth again?

As I recently wrote about, Trump’s net worth soared to at least $6.4 billion – up nearly $4 billion – last week after investors approved his social media company’s merger with Digital World. Tuesday, March 27, was its first day as an independently traded public company.

This briefly made the former president one of the 450 richest people in the world.

Even though Trump Media, which trades under the ticker DJT (Trump’s initials) is losing money and generating scant revenue, Wall Street had valued the company at as much as $11 billion based on the stock’s closing price Friday, according to Renaissance Capital.

By Monday afternoon that valuation tumbled to about $8.8 billion.

It closed at $48.66 per share, a 26.5% drop from its $66.22. The plunge came after Trump Media unveiled its 2023 results for the first time, revealing full-year revenues of $4.1 million on a net loss of $58.2 million.

Trump’s company has said it expects to continue losing money for a while, and at least one expert says it’s likely worth far less than the stock market suggests.

Trump, who owns 78.5 million shares in Trump Media, about 57% of all shares, saw his stake in the social media business fall in value by $1.4 billion. At Monday afternoon’s prices, that stake is now worth approximately about $3.8 billion. (RELATED: Wall Street Journal Rips Into Biden for Now-Infamous Tweet)

Trump’s nearly 79 million shares of Trump Media & Technology Group are now – by far – his largest asset, worth nearly twice as much as all his real estate, resort and cash holdings combined.

Meanwhile, CNN reported: “The problem for Trump Media is its main product — Truth Social — is shrinking.” It added “Monthly active US users on iOS and Android plunged in February to 494,000, down 51% year-over-year.”

“By comparison,” CNN noted, “X has 75 million monthly active US users. Even Threads has more than 10 times as many users as Truth Social.”

CNN continued:

While Trump Media made just $4.1 million in revenue in 2023, rival X (formerly known as Twitter) raked in more than 100 times that much — $665 million — in 2013, ahead of its initial public offering in November 2013. Twitter also generated just over $5 billion in revenue in the final year before it was taken private by Elon Musk.

In fact, Truth Social’s financials are comparable to that of The Messenger, the upstart digital news outlet that imploded earlier this year. Citing an investor deck, CNBC reported in January that The Messenger posted 2023 revenue of $3.8 million and a net loss of $43 million.

But this year may decide the future of Trump’s net worth, at least related to his media company. Matthew Kennedy, senior IPO strategist at Renaissance Capital said, according to CNN:

2024 is the make-or-break year for this company. For TMTG the thing that matters now is getting in front of the cash cannon that is the 2024 presidential election. And the company does have one notable advantage. Trump-backed super PACs have raised millions. Where do you think they’ll spend their digital ad buckets?

Opinions expressed by contributors do not necessarily reflect the views of Great America News Desk.