Dogecoin surged after President-elect Trump appointed loyalist Katie Miller to the newly established Department of Government Efficiency, also known as DOGE. Miller, a former deputy press secretary at the Department of Homeland Security, expressed her commitment to enhancing government accountability. The department aims to reduce bureaucracy and streamline federal operations, with Musk's backing contributing to Dogecoin's recent price increase.
Donald Trump"s re-election reflects a troubling acceptance of his divisive rhetoric and dishonesty, largely driven by economic concerns like inflation, which has risen 21% since Biden"s election. Many voters, particularly from lower-income groups, view immigration as competition for jobs, making Trump"s promises appealing. The Democrats" focus on Trump"s character has proven ineffective, as they appear disconnected from the everyday struggles of the electorate, leading to a protest vote against perceived elite arrogance.
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