‘There Are No Sacred Cows’: Charles Payne Predicts DOGE Will Take Bite Out Of Military Industrial Complex

Fox Business host Charles Payne predicted Monday that the Department of Government Efficiency (DOGE) will likely cause a short-term hit to the stock market as companies that sell the Pentagon a “$500 hammer” will “take a hit.”

President-elect Donald Trump named Tesla CEO Elon Musk and former Republican presidential candidate Vivek Ramaswamy as co-chairs of the Department of Government Efficiency (DOGE) Nov. 12. Payne said that the committee had “no sacred cows” after discussing the committee’s plan to target federal spending and policies military and health care industries with former White House press secretary Kayleigh McEnany and “America’s Newsroom” co-hosts Bill Hemmer and Dana Perino.

“Here is the way I look at the next Trump 2.0. I look at Trump 2.0 as not necessarily, we’re gonna get everything in the next four years, but we’re gonna put things into place to create prosperity for America that I think could last at least three decades and the key part of this is, look where they’re going – there are no sacred cows,” Payne said. “Look at what they are going after.”

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“On Friday, you had legislation to go after the pharmacy benefit managers, right? CVS stock is cratering. Eisenhower warned us about the industrial-military complex. Well, now we’ve got a health insurance industrial complex, we got a healthcare industrial complex, we got a military industrial complex now,” Payne continued. “There are hundreds of billions of dollars floating around and guess what? It’s not necessarily good news for the stock market initially. You know, because, some of these companies that get all of this money and charge us $500 for a hammer and $1,000 for a toilet seat, they may take a hit, but ultimately, it’s better for the country and that means it’s ultimately better for the stock market.”

Republican Sen. Joni Ernst of Iowa sent Musk and Ramaswamy a seven-page