At one point, it was estimated that the losses accumulated by GameStop short-sellers approached $5 billion. Melvin Capital, the now-notorious hedge fund with the huge GameStop short position, eventually required an infusion of $2.75 billion in cash from an even larger hedge fund to cover its possession and remain solvent.
And that’s when the Wall Street empire struck back. Suddenly, the federal Securities and Exchange Commission, or SEC, which purports to be a Wall Street regulator but instead operates as little more than a Wall and Broad soothsayer to a public skeptical of Wall Street’s power, weighed in and intimated that it might investigate or even shut down the trading of GameStop stock to prevent the price from getting even higher.
Then the Wall Street-backed trading apps and the Wall Street brokerages joined in, announcing they would no longer allow their users and retail investors to buy GameStop stock. The result? When you can no longer buy a stock, its price can only go in one direction: down.
The whole saga has spawned a mini-industry of commentary on trading, markets, Wall Street, hedge funds, regulation, efficient markets theory, and who knows what else. Hedge funds are bad! No, hedge funds are good! Markets are efficient vehicles for asset price discovery! No, we need strict regulation to prevent mob-incited runs on banks!
They all miss the point. What’s happening right now has nothing to do with hedge funds or free markets or pricing theory or any of that. What’s happening right now is another front in the major war taking place in institutions and countries across the world: It’s the elite versus the populists.
Wall Street has a long, storied history of viciously crushing short-sellers. It’s something of a local pastime. Just ask David Einhorn, who wrote an entire book on the industry’s efforts to destroy him for the crime of shorting the stock of a bank that was covering up the fact that a huge chunk of its loans were garbage and would never be paid back. The GameStop saga isn’t about the benefits, or evils, of short-sellers.
The real story is how “retail investors” — the industry term for regular people who day trade now and then or have a small brokerage account for retirement or to buy stocks every now and again for fun — figured out how to take down a financial leviathan. It’s not that Wall Street dislikes retail investors, it’s that Wall Street views them as little more than commission factories for the big brokerage houses.
Those rubes don’t know anything. They’re not sophisticated. They don’t have the credentials or pedigrees of the geniuses who simultaneously destroyed the housing market and economy in 2008. And they certainly don’t have the power to move markets.
It’s Wall Street’s job to move markets. It’s Wall Street’s job to tell people which stocks and bonds to buy, which conveniently just happen to be the same assets that the mega-banks are desperate to get off their balance sheets.
A bunch of trash, mortgage-backed securities based on mortgages that will clearly never get paid back? Just put them all in the same garbage bag, claim they couldn’t all possibly start to rot at once, and then demand that the ratings agencies whose salaries you pay stamp them not as trash, but as pure gold. Then, when magically all those bags of garbage start to stink to high heaven, why, then it’s time to demand that the federal government — funded by those retail investor rubes who will probably lose their jobs and homes and savings because of those bags of Wall Street’s garbage — bail every last one of them out.
See, retail investors don’t move markets. Until they do. Which, in the case of the Redditors bidding up GameStop stock, they did. And that cannot be tolerated. The whole GameStop saga isn’t about finance or politics. It’s David vs. Goliath, the have-nots vs. the haves, the underdog vs. the heavy favorite with the best talent and training and equipment money can buy. It is a perfect microcosm of the war between the populists and the elites, the individuals vs. the institutions, the people vs. the powerful.
A bunch of internet randos found a way to take financial advantage of a company that had backed itself into a corner. They banded together, executed the strategy, and made bank. They used the exact same rules and systems that Wall Street has used for decades to screw individual investors out of their money.
That was the Redditors’ real crime. Because that’s not allowed. You are not allowed to use the same set of rules for your own advantage.
The rules here are simple: Heads Wall Street wins, tails you lose. The institutions set the rules, not you. The elite, not the populace, will determine what is allowed and what isn’t.
Former President Donald Trump is not interested in forming a third party and pledges to remain involved in Republican politics. Suck it, Lincoln Project. (And by “it” I mean “your complete irrelevance” and not “the genitalia of teenage boys”…)
The great theme of the Trump years, the one historians will note a century from now, was the failure of America’s expert class. The people who were supposed to know what they were talking about, didn’t.
The failure began with the country’s top consultants and pollsters. Candidate Trump did almost everything lavishly paid political consultants would have told him, and did tell him, not to do — and he won. The most respected pollsters, meanwhile, predicted a landslide for Hillary Clinton. America’s best and brightest political adepts turned out to know very little about the elections they claim to understand.
Also during the 2016 campaign, an assemblage of top-tier academics, intellectuals and journalists warned that Mr. Trump’s candidacy signified a fascist threat. Timothy Snyder, a historian of Nazism at Yale, was among the most strident of these prophets. “Be calm when the unthinkable arrives,” he warned in a Facebook post shortly after the election. “When the terrorist attack comes, remember that all authorities at all times either await or plan such events in order to consolidate power. Think of the Reichstag fire.” Many experts stuck with the fascism theme after Mr. Trump’s election and throughout his presidency. That these cultured authorities couldn’t tell the difference between a populist protest against elite contempt and a coup carried out by powerful ideologues will go down as one of the great fiascoes of American intellectual history.
The fascism charge was only the most acute form of the claim that Mr. Trump was carrying out an “assault on democracy.” Some semantic clarification is in order here. When intellectuals and journalists of the left use the word “democracy,” they typically are not referring to elections and decision-making by popularly elected officials. For the left, “democracy” is another word for progressive policy aims, especially the widening of special political rights and welfare-state provisions to new constituencies. By that definition any Republican president is carrying out an “assault on democracy.”
Mr. Trump assaulted democracy in the ordinary sense of the word, but he did so only after the 2020 election. That effort was discreditable and disruptive, but it was also delusional and ineffective. It was not the assault the president’s expert-class critics had foreseen.
Perhaps those critics failed to understand Mr. Trump’s assault on democracy because they had carried out a similar sort of assault in 2016-18, with the support of the federal bureaucracy and the nation’s political and cultural elite. I’m referring to the Russia scare: the belief that Mr. Trump won only because his campaign “colluded” with agents of Moscow, and that his election in 2016 was therefore illegitimate. The theory made sense only if you couldn’t grasp the obvious reasons for Mr. Trump’s victory, namely that Hillary Clinton was a terrible candidate and that Obama-era progressivism had become sufficiently unpopular in the Midwest to throw the election to the nationalist candidate. Somehow it was easier for smart and accomplished people to believe that a TV celebrity and political neophyte with attention-deficit issues had entered into a diabolically ingenious pact with a foreign dictator in which the dictator helped him pick up just enough votes in the states he needed to win.
It took a 22-month investigation by a special counsel to establish an absence of evidence that Mr. Trump’s campaign had conspired with the Russians. America’s best minds and most influential leaders had spent more than two years obsessing over an idiotic conspiracy theory.
This spectacular failure of the expert class would have been impossible without the willing support of a credulous news media. That Mr. Trump won the presidency largely by denouncing the media should have suggested to leading journalists and media executives that something in their industry had gone badly wrong. Instead most of them took his rise as license to indulge their worst instincts.
Reporters treated every turn of events as evidence of Mr. Trump’s unique evil. They regarded every preposterous accusation put forward by his political foes as reasonable and likely true. The repeal of “net neutrality,” an Obama-era regulation on internet service providers, heralded the end of the open internet (it didn’t). The administration built “cages” in which to cram children of illegal border crossers (it didn’t). The president praised neo-Nazis as “very fine people” (he didn’t). His postmaster general was removing mailboxes to steal the election (an obvious lie). In retrospect, it was hardly surprising that so many Americans believed Mr. Trump’s fictitious claims about the election. Reports of his defeat, accurate though they were, meant little coming from news organizations that cared so much about discrediting him and so little about factual truth.
America’s foreign-policy elite didn’t perform appreciably better. For decades, they had insisted that peace between Israel and the Arab world was impossible without a long-term solution to the Israel-Palestinian problem. It was an axiom, no longer up for debate. Mr. Trump followed through on a promise long made but not kept by the U.S. government to recognize Jerusalem as the capital of Israel. Foreign-policy experts the world over predicted hellish payback from the Arab world, but the recognition went forward, the U.S. Embassy moved, and the payback consisted of a day’s worth of inconsequential protests.
Meanwhile the administration pressed ahead with a diplomatic push to strike commercial and diplomatic deals between Israel and Arab states. The United Arab Emirates, Bahrain, Sudan and Morocco announced they would establish formal relations with Israel, and Saudi Arabia may do the same. The foreign-policy clerisy, having been wrong about the central question of global diplomacy for the past four decades, predictably ignored these achievements.
In the few short days following the collapse of President Donald Trump’s attempts to bring evidence of electoral fraud to the attention of the state legislatures and the courts—not to mention the calamitous events of Jan. 6—the ascendant left has moved swiftly to capitalize on what has proved a stunning propaganda victory for them and neutralize their enemies on the right.
Forget the looting, burning, and general civil unrest at the hands of BLM and Antifa in cities across America last summer—for which next to no one has yet been punished, and which was widely cheered by both the mainstream media and Democrat politicians up to and including Vice President-elect Kamala Harris. That’s all ancient history now, replaced by the “insurrection,” the “armed riot” at the Capitol, the “worst attack on Washington” since the War of 1812, when the British burned the capital and the White House.
Of course, it was not. Unrecalled by the born-yesterday media, for example, is the 1954 attack by four Puerto Rican separatists on the House of Representatives, during which some 30 shots were fired and five congressmen were wounded; the terrorists were later pardoned by Jimmy Carter in 1979. Also forgotten: the bombings of the Capitol building and the Pentagon in the 1970s by the radical leftists of the Weather Underground, led by Barack Obama’s buddy William Ayers.
George, where you make a mistake is that people coming from the liberal side like you, you immediately say everything’s a lie instead of saying there are two sides to everything. Historically what would happen is if said that I thought that there was fraud, you would interview someone else who said there wasn’t. But now you insert yourself in the middle and say that the absolute… fact is that everything that I’m saying is a lie…. Let’s talk about the specifics of it. In Wisconsin, tens of thousands of absentee votes had only the name on them and no address. Historically those were thrown out, this time they weren’t. They made special accommodations because they said, oh, it’s a pandemic and people forgot what their address was. So they changed the law after the fact. That is wrong, that’s unconstitutional. And I plan on spending the next two years going around state to state and fixing these problems and I won’t be cowed by liberals in the media who say, there’s no evidence here and you’re a liar if you talk about election fraud. No, let’s have an open debate. It’s a free country.
The global semiconductor shortage is still slamming the auto industry. Tempted to do a separate “explainer” post about how the cyclical nature of the semiconductor industry and how hard it is to add capacity.
The order, which is the first the governor has signed since October and the first non-coronavirus related order since the pandemic began last year, directs agencies “to use all lawful powers and tools to challenge any federal action that threatens the continued strength, vitality, and independence of the energy industry.”
“Each state agency should work to identify potential litigation, notice-and-comment opportunities, and any other means of preventing federal overreach within the law,” it states.
“And when they do that,” added Abbott during the press conference, “that will arm Texas to be prepared to fight back.”
The governor called the order “a homework assignment for every state agency in Texas.”
It will be swell to see democrats squander tens of millions of dollars on a race they can’t win yet again…
“State Rep. Bryan Slaton filed an amendment saying that the Legislature should bring a vote to the floor to abolish abortion before it votes to ceremonially change the names of highways or bridges.”
Netflix goes full social justice warrior, inks deal with Ibram X. Kendi. If you didn’t cancel your subscription over Cuties, now would be a good time to do so. (Hat tip: Blog reader David Rainwater.)
Proof that letting biological men compete in women’s sports is a bad idea. Top male high school athletes routinely beat female Olympians.
The Lamb and Flag, once frequented by the likes of Lord of the Rings author J.R.R. Tolkien and his friend C.S. Lewis, who wrote The Chronicles of Narnia, has suffered a disastrous loss of revenues since the start of the pandemic.
It first opened in 1566 and moved to its present location on St Giles, a broad thoroughfare in the city centre, in 1613. It is owned by St John’s College, one of 45 colleges and private halls that make up the University of Oxford.
“Until the San Francisco Unified School District board stripped Dianne Feinstein’s name from one of its public schools, we were unaware of the Senator’s service to the Confederacy.”
On one side of the fight are the hedge fund managers. These guys are good-hearted regular folks living out the American dream by manipulating markets so that companies will fail and they can buy another desperately needed yacht.
On the other side are a bunch of Cheeto-stained Redditors who are dangerously manipulating markets to try to make money. These guys obviously weren’t informed that the stock market was only for rich people to make money. They’re probably Nazis and alt-righters too.
“Biden All-Female Communications Team Won’t Tell Nation What’s Wrong, Nation Should Already Know.” “It’s fine. Everything’s fine. Nothing’s wrong, OK!?” said Jen Psaki in her first press conference as a part of Biden’s team. “Why would you think I’m not fine? Ugh… if you have to ask, I’m not going to tell you.”
Craig Coopersmith was up early that morning as usual and typed his daily inquiry into his phone. “Good morning, Team Covid,” he wrote, asking for updates from the ICU team leaders working across 10 hospitals in the Emory University health system in Atlanta.
One doctor replied that one of his patients had a strange blood problem. Despite being put on anticoagulants, the patient was still developing clots. A second said she’d seen something similar. And a third. Soon, every person on the text chat had reported the same thing.
“That’s when we knew we had a huge problem,” said Coopersmith, a critical-care surgeon. As he checked with his counterparts at other medical centers, he became increasingly alarmed: “It was in as many as 20, 30 or 40 percent of their patients.”
One month ago when the country went into lockdown to prepare for the first wave of coronavirus cases, many doctors felt confident they knew what they were dealing with. Based on early reports, covid-19 appeared to be a standard variety respiratory virus, albeit a contagious and lethal one with no vaccine and no treatment. They’ve since seen how covid-19 attacks not only the lungs, but also the kidneys, heart, intestines, liver and brain.
Read the whole thing.
A coronavirus map based on self-reported symptoms. I note that Williamson County has only about 0.32%.
Over on Borepath, there’s a good discussion of all the known unknowns of the Wuhan Coronavirus, and all the data we don’t have.
Only 38 of the 58 SSEs that I recorded were documented in a way that permitted me to determine their date with any specificity. (And even in these cases, I sometimes had to make educated estimates because of the vague nature of the reporting.) In the case of multi-day SSEs, such as religious festivals, I picked a day corresponding to the middle of the event. Unfortunately, some of the largest SSEs, such as those at North American meat processing plants, can’t be usefully pinpointed at all because the infections span multiple weeks (or even months), and the employers haven’t released detailed date-tagged data.
Of the 38 SSEs for which dates could be usefully identified, about 75 percent (29/38) took place in the 26-day span between February 25th and March 21st, roughly corresponding to the period when thousands of infected COVID-19 individuals were already traveling around the world, but before social distancing and event-cancelation policies had been uniformly implemented in many of the affected countries. (A notable early outlier is Steve Walsh, who spread COVID-19 from a Singapore corporate meeting to a French ski resort to his native UK in late January and early February.) No doubt, a vast number of SSEs occurred in January and February without being reported as such, because public-health officials and journalists weren’t alive to the nature or scale of the coming pandemic. But it is reassuring that, so far, April has been almost entirely bereft of publicly reported SSEs.
I was struck by how few of the SSEs originated in conditions stereotypically associated with the underclass (though a March outbreak at a Qatari migrant workers camp in the industrial area north of Doha offers one such example). Many of the early SSEs, in fact, centered on weddings, birthday parties, and other events that were described in local media as glamorous or populated by “socialites.” Examples here include a March 7th engagement party at a Rio de Janeiro “mansion” that attracted “high society” fly-ins from around the world, and a similarly described birthday party in Westport, CT.
It is theoretically possible that socioeconomically privileged individuals really do lack some immune-response mechanism that protects individuals who have been exposed to a wider array of infectious pathogens. (A recent report on COVID-19 surveillance testing at a Boston homeless shelter contained the stunning disclosure that 36 percent of 408 screened individuals tested positive for COVID-19. Yet the vast majority were asymptomatic, and even the few who were symptomatic did not diverge statistically from the 64 percent of tested individuals who were COVID-19-negative.) But absent more data, the more obvious explanation is that these early SSEs are linked to the intercontinental travel practices of the guests. (In the case of the Connecticut event, reports the New York Times, “a visitor from Johannesburg—a 43-year-old businessman—fell ill on his flight home.” And the Rio party was attended by guests who’d traveled recently from, or through New York, Belgium and Italy.) Moreover, COVID-19 outbreaks in poor communities are simply less likely to be reported, because the victims have less access to testing, high-end medical care, or media contacts.
In fact, the truly remarkable trend that jumped off my spreadsheet has nothing to do with the sort of people involved in these SSEs, but rather the extraordinarily narrow range of underlying activities. And I believe it is on this point that a close study of SSEs, even one based on such a biased and incomplete data set as the one I’ve assembled in my lay capacity, can help us:
Of the 54 SSEs on my list for which the underlying activities were identified, no fewer than nine were linked to religious services or missionary work. This includes massive gatherings such as February’s weeklong Christian Open Door prayer meeting in Mulhouse, France, which has been linked to an astounding 2,500 cases; and a massive Tablighi Jamaat Islamic event in Lahore that attracted a quarter-million people. But it also includes much smaller-scale religious activities, such as proselytizing in rural Punjabi villages and a religious meeting in a Calgary home.
Nineteen of the SSEs—about one-third—involved parties or liquor-fueled mass attendance festivals of one kind or another, including (as with the examples cited above) celebrations of weddings, engagements and birthdays.
Five of the SSEs involved funerals.
Six of the SSEs involved face-to-face business networking. This includes large-scale events such as Biogen’s notorious Boston leadership meeting in February, as well as one-on-one business meetings—from the unidentified “traveling salesperson” who spread COVID-19 in Maine to Hisham Hamdan, a powerful sovereign-wealth fund official who spread the disease in Malaysia.
All told, 38 of the 54 SSEs for which activities were known involved one or more of these four activities—about 70 percent. Indeed, the categories sometimes overlap, as with patient A1.1 in Chicago, who attended both a party and a funeral in the space of a few days; or the New Rochelle, NY man who covered the SSE trifecta of Bar Mitzvah party, synagogue services, and local funeral, all the while going to his day job as a lawyer in New York City.
But even that 70 percent figure underestimates the prevalence of these activities in COVID-19 SSEs, because my database also includes five SSEs involving two warships and three cruise ships—the USS Roosevelt, Charles de Gaulle, Diamond Princess, Grand Princess and Ruby Princess—at least three of which (and probably all five) featured onboard parties.
These parties, funerals, religious meet-ups and business networking sessions all seem to have involved the same type of behaviour: extended, close-range, face-to-face conversation—typically in crowded, socially animated spaces.
So you probably want to avoid such events for the near future. Snip.
In the case of religious SSEs, Sikhs, Christians, Jews and Muslims are all represented in the database. The virus makes no distinction according to creed, but does seem to prey on physically intimate congregations that feature some combination of mass participation, folk proselytizing and spontaneous, emotionally charged expressions of devotion. In the case of Islam, it is notable that the same movement, Tablighi Jamaat, has been responsible for massive outbreaks at completely separate events in Lahore (noted above), Delhi and Kuala Lampur. At Mulhouse, the week’s schedule included Christian “choir performances, collective prayer, singing, sermons from preachers, workshops, and testimony from people who said God had cured their illnesses… Many people came day after day, and spent hours there.” And in Punjab, dozens of Sikhs died thanks to the itinerant rural preaching of a single (now deceased) infamous septuagenarian named Baldev Singh.
It’s worth scanning all the myriad forms of common human activity that aren’t represented among these listed SSEs: watching movies in a theater, being on a train or bus, attending theater, opera, or symphony (these latter activities may seem like rarified examples, but they are important once you take stock of all those wealthy infectees who got sick in March, and consider that New York City is a major COVID-19 hot spot). These are activities where people often find themselves surrounded by strangers in densely packed rooms—as with all those above-described SSEs—but, crucially, where attendees also are expected to sit still and talk in hushed tones.
Again, read the whole thing.
Speaking of things you’re not supposed to do: “Bangladesh: Over 100,000 gather for funeral of Islamic teacher, defying coronavirus lockdown.” What could possibly go wrong? (On the other hand, if this doesn’t turn into a superspreader event, then we have some valuable data about that seemingly invariant infection curve and/or the role of sunlight/warm climates in preventing infection.)
Speaking of superspreader events, want to guess who owned that South Dakota meat packing plant with the heavy infection rate? “In September 2013 Smithfield Foods was acquired by China’s biggest meat processor, Shuanghui International Holdings, in the largest acquisition ever of a U.S. company by a Chinese one.”
Speaking of China’s perfidy, while they rest of the world was struggling with the Wuhan coronavirus, they thought it was the perfect time to arrest dissidents in Hong Kong:
Fifteen activists between 24 and 81 years old were rounded up on suspicion of organizing, publicizing or taking part in several unauthorized assemblies between August and October and will face prosecution, the police said on Saturday without disclosing their names, following protocol.
The arrested democratic heavyweights included the veteran lawyers Martin Lee and Margaret Ng, the media tycoon Jimmy Lai and the former opposition legislators Albert Ho, Lee Cheuk-yan and Leung Kwok-hung, political parties and aides said.
Half the residents of a Boston homeless shelter had the Wuhan Coronavirus, but none showed any symptoms.
If the Malevolent Donkey Party was actively seeking to plunge the country into an economic tailspin, while still maintaining some level of deniability to the credulous suckers out there, exactly what would it be doing differently? It would be pretty much doing exactly what it is doing right now – shilling for the bat-gobbling ChiComs, delaying needed assistance to keep America working, and generally trying to keep us all locked in the dark in perpetuity.
It’s fair to assume that you intend the expected consequences of the actions you take, and the consequence of the actions the Democrats are taking is economic ruin. The indisputable fact is that they’re totally cool with that if that is what gets them back into power.
Democrats are never ones to let a good crisis go to waste, and this Wuhan Flu is a very good crisis indeed if your goal is leftist hegemony. The Trump economy was booming after the near-decade of the Obama doldrums, and people were getting a taste of prosperity. But a happy, prosperous America is something the Democrat dudes can’t abide. All the Democrats had to sell were recycled cries of “RACISM!” and “RUSSIA!” and their standard-bearer was that sinewy weirdo Grandpa Badfinger, who was promising to drag us all back into the nightmare of globalist failure. The future looked grim, which means it actually looked bright for the rest of us.
So, the Chinese coronavirus was a dream come true, a deus ex pangolin that finally, after an endless series of leaks, impeachments, investigations, and media meltdowns, might be the magic bullet that actually takes Trump down.
Am I saying that the Democrats are exploiting the pandemic for their own cheesy advantage? Well, yeah. Everything they are doing is consistent with that. Everything. No, in the abstract, many of them would probably not prefer that tens of thousands of Americans die (I get enough Twitter death wishes to know, from their own filthy mouths, that some absolutely do want us to die), but their attitude seems to be that if life gives you tens of thousands of dead Americans, make political lemonade.
How can Nancy Pelosi worry about your piddling lives when there’s so much ice cream to eat?
“U.S. Intelligence Knew Russia Preferred Hillary to Trump, But John Brennan Hid the Truth, Ex-NSC Chief Says.” This story probably deserves more attention than I can give it right now…
Iran: Watch our tiny boats harass the Great Satan! President Trump: I hope you like your gunboats getting destroyed.
Won’t someone please spare a moment to think about how the coronavirus outbreak has derailed the Austin politicians’ plans to spend billions on their toy trains? (Hat tip: Iowahawk.)
Speaking of Austin, the coronavirus has closed landmark Austin restaurants Threadgill’s…
Is Apple moving to ARM for Mac? They’re planning to have their own Apple-designed chips fabbed at TSMC on the latter’s 5nm process. Intel, the current supplier for Mac CPUs, isn’t slatted to hit 5nm until 20203, and there’s long been talk that bringing up yield on their existing 10nm process has been in a world of hurt for a while.
Assuming you’re not getting your news from unreliable sources like ABC, you’ve probably already seen the Project Veritas tape with ABC news reporter Amy Robach, about how her network spiked a story on Jeffrey Epstein’s pdophile ring three years ago. But just in case you haven’t, here it is:
Like every other normal person in America, she thinks Epstein was murdered.
Naturally, when this story came out, ABC vowed to find out who spiked the Epstein story and terminate them.
Ha! Just kidding! They’ve sworn to track down and punish the leaker. Because what’s protecting a serial pedophile compared to punishing those who have tarnished your reputation by revealing the truth?
Katie Pavlich thinks the main person behind spiking the story is Clinton-crony-come-on-air ABC personality George Stephanopoulos.
While the mainstream media tries to stonewall the story (yet another reason they all deserve to be abandoned by advertisers and shutdown), just about every blogger has thrown in their two cents worth. So rather than anything like analysis, enjoy this Twitter reaction roundup sampler:
Imagine if ABC investigated Epstein as hard as they hunted down the ABC whistleblower, he might have been murdered in his cell 3 years ago. https://t.co/QAu2xO2TZK
2. It's rather extraordinary that the news division of one of the three broadcast networks is not going address a major controversy involving a huge story by either having someone read a statement on air but more importantly with having one of its reporters cover it as a story
4. It appears that ABC News is trying to sweep this controversy under the rug by refusing to address this matter on-air and by declining to cover it as a news story.
— ABC News Doesn't Meet My High Standards So Sorry (@drawandstrike) November 5, 2019
I guess I'm sort of surprised that wanting to know why an internationally known pedophile was allowed to skate is becoming some kind of fringe issue of the right. Why wouldn't this matter to the left? Because "protect *our* media at all cost" or what?
Wikileaks also brought back to light a bit of information that was mostly swept under the rug at the time: Eric McFadden, Hillary’s 2008 Catholic community liaison, was arrested in 2009 for running an underage prostitution ring. Just another member of the Clinton Campaign Moral Freakshow…
The list of MSM reporters who take their marching orders from Hillary. On the list: ABC’s George Stephanopoulos (Duh) and Diane Sawyer, New York Times‘s Gail Collins, etc. The only surprise is no one from the Washington Post on that list. Maybe they just assumed they already had marching orders to support Hillary. (Hat tip: Gateway Pundit.)
Most evident from their downloads is the unremitting, almost incestual, alliance between elites (read: Democratic Party leadership) and the press, those who are informing us of what we are supposed to think. The myriad emails between New York Times reporter and CNBC anchor John Harwood and Clinton campaign manager John Podesta would approach the risible were they not so disturbing by implication. Presidential debate moderator Harwood, putatively a journalist, actually acts as an advisor to Podesta in them, warning the campaign manager of the dangers of a potential Ben Carson candidacy and even bragging to him about having tripped up Donald Trump at a debate.
But the presidential debate moderator is far from alone in his fealty to the ways and means of the nomenklatura. The New York Times and the Boston Globe—the emails show, as if we hadn’t guessed already—colluded with the Clinton campaign.
But the level of collusion goes much deeper than press and politicians. The Department of Justice itself—the emails also reveal—was in private communication with the Clinton people during the investigation of the Hillary Clinton homebrew server, warning her campaign in advance of a State Department release of emails. Everybody was colluding!
Excerpts from Hillary’s Goldman Sachs speech. In which Hillary declares she has nothing in common with those peons in the middle class, admits that jihadists are coming over among Syrian refugees, and proclaims her love of open borders.
More on the subject: “My dream is a hemispheric common market, with open trade and open borders, some time in the future with energy that is as green and sustainable as we can get it, powering growth and opportunity for every person in the hemisphere.” Sounds like the EU written large.
Hard to believe it’s been a mere five days since Trump held a press conference with women Bill Clinton sexually assaulted. So much news has come down the pike since…
The long list of women who have accused Bill Clinton of sexual misconduct. Paula Jones, Juanita Broaddrick, Kathleen Willey, Eileen Wellstone, Carolyn Moffet, Elizabeth Ward Gracen, Becky Brown, Helen Dowdy, Cristy Zercher… (Hat tip: Director Blue.)
Scott Adams: “If the new battleground is spousal fidelity, you have to like Trump’s chances.”
New Trump ad hits Hillary on Pay-to-Play corruption:
Nigel Farage on Brexit and Trump: “I believe we are witnessing a popular uprising against failed politics on a global scale. People want to vote for candidates with personality, faults and all. It is the same in the UK, America and much of the rest of Europe. The little people have had enough. They want change.” (Hat tip: Borepatch.)
That NBC poll showing Hillary up 11 points is pure hogwash with biased samples from a company that’s on the Hillary campaign’s payroll. (Hat tip: Director Blue.)
Welcome to the beginning of the long Memorial Day weekend! Here in Texas, we’re going to celebrate the long weekend by building arks and gathering up two of every animal.
“If the Obama Administration loses [the King vs. Burwell ObamaCare case] in the Supreme Court, the political pain will fall almost exclusively on the President and his Party.”
A good many of those Ferguson protestors were paid to protest. And now many say their paymasters refuse to cough up the dough. It’s sleazebags all the way down.
It’s another one of those New York Times pieces that seem designed to make you hate both rich Manhattanites and the writer equally, about how terribly, terribly isolating it is to be a rich woman on the Upper East Side. (File under: “Three people in New York make a trend.”)
By way of partial counterpoint (and, in some ways, almost equally annoying), here’s dating advice for Uptown divorcees from a few years ago. “Our biggest challenge, time and again, is matching up middle-aged divorcées in the ‘pre-realist’ stage, who have not realized that they have a choice of sex, money or companionship —but not necessarily all three in the same package.”
“This is America: You can go to the bookstore and buy yourself copies of everything from The Basketball Diaries to The Motorcycle Diaries to The Turner Diaries.”
On the other hand, the DEA can just take your money without a trial.
Verizon buying AOL. Remember when AOL was important enough to merge with Time Warner as an equal?
So former Smashing Pumpkins front man Billy Corgan is going to form a tranny wrestling league? The proposal seems as ill-conceived as his entire post-Melon Collie career…
Evidently Obama wants $500 million to arm the Syrian rebels that we’re supposedly trying to fight in Iraq. Oh, the article says he wants to arm “moderate” rebels. Has anyone seen these moderate rebels? Who are they? Kurds? Oppressed Christians? The problem isn’t that they don’t exist, the problem is that the actual moderates seem to have forces too small to affect the outcome of the fight, and I don’t trust this administration on, well, anything, but especially on their ability to discern the difference between “moderate” rebels and radical Islamic militias from 6,000 miles away….
The War Nerd suggests that Putin is mucking around in eastern Ukraine less to take it outright than to keep it at a simmer so he gets to keep the Crimea without a fight. Also include this epic quote: “Tom Friedman, the Michael Jordan of wrong.”
Obama gets unanimous beatdown from the Supreme Court. For the 13th time.
As Hillary Clinton gears up for a Presidential run in 2016, ABC decides to make one of Bill Clinton’s chief aides a network anchor. Lovely.
Hillary’s book sells more than 100,000 copies, but woefully short of what it would need to earn back it’s whopping $14 million advance…
“Did Obama Fail Black America?” Obviously the question mark is unnecessary, as the only question is whether that headline is one or two words too long.
Apparently, the leading cause of hard drive failures is subpoenas.
Feminism: The Tiny Elite: “You don’t have to look far to realize that victimhood is the flavor of the moment in America. Deeming oneself a victim delivers an afforded reverence, especially if said victimhood is biologically based.” Today feminism is “a group working largely for the interests of elite white women.” (Hat tip: Instapundit.)
Phil Collins donates his extensive collection of Alamo relics to the state. In fact, Collins is donating not only his existing collection, but stuff he continues to acquire. Three cheers for him.
