Trump tackles mail-in ballot fraud, the Democrat Party sinks (and sinks, and sinks), millionaires and billionaires pump money to the same lefties who decry them, a kangaroo verdict gets slapped down, a platoon of swamp creatures get smacked down, Ukrainian drones are producing gas shortages in Russia, Lebanon declares itself Iranian influence-free, a heavyweight joins the Texas AG race, Dade bows out, a neo-Nazi expertly trolls the German justice system, and Facebook’s AI wants to have sexytime with your children.
It’s the Friday LinkSwarm!
The next voting fraud vector President Trump is ready to tackle: mail-in voting fraud.
President Donald Trump has been warning for years that mail-in ballots and voting machines are riddled with vulnerabilities that invite fraud and undermine trust in elections. We’ve discussed these vulnerabilities here at PJ Media extensively, and now Trump is taking action on them. On Monday morning, President Trump announced on Truth Social that he will issue an executive order to put an end to mail-in ballots before the 2026 midterms and restore “honesty and integrity” to America’s elections.
In a lengthy post on Truth Social, Trump announced, “I am going to lead a movement to get rid of MAIL-IN BALLOTS, and also, while we’re at it, Highly ‘Inaccurate,’ Very Expensive, and Seriously Controversial VOTING MACHINES.” He argued that such machines cost “Ten Times more than accurate and sophisticated Watermark Paper, which is faster, and leaves NO DOUBT, at the end of the evening, as to who WON, and who LOST, the Election.”
Trump said the United States stands alone in continuing to use widespread mail-in voting. “We are now the only Country in the World that uses Mail-In Voting. All others gave it up because of the MASSIVE VOTER FRAUD ENCOUNTERED,” he wrote.
The president made clear that he intends to act quickly, pledging to use executive authority to move the plan forward. “WE WILL BEGIN THIS EFFORT, WHICH WILL BE STRONGLY OPPOSED BY THE DEMOCRATS BECAUSE THEY CHEAT AT LEVELS NEVER SEEN BEFORE, by signing an EXECUTIVE ORDER to help bring HONESTY to the 2026 Midterm Elections,” Trump said.
Snip.
In 2021, Democrats in Congress tried to ram through a series of radical bills — the Freedom to Vote Act, the John R. Lewis Voting Rights Advancement Act, and the For the People Act — that would have federalized state elections and permanently undermined election integrity. These schemes included universal mail-in ballots, counting votes up to ten days after Election Day, automatic voter registration, granting felons the right to vote, and even laying the groundwork to abolish the Electoral College altogether. It was a brazen attempt to lock in Democrat power forever by destroying the safeguards that protect free and fair elections.
Trump’s announcement proves that election integrity will be a central priority of his presidency as the 2026 midterms approach.
Some think Trump will run into states rights issues. We’ll see…
A federal appeals court handed the Trump administration a decisive 2-1 victory Wednesday, ruling that the president can proceed with cutting nearly $2 billion in previously approved foreign aid payments. The U.S. Court of Appeals for the District of Columbia overturned a lower court’s order that had required the administration to continue sending taxpayer funds abroad.
How the Working Families Party sells itself as “grassroots” — with IRS-documented, publicly admitted “common control” revealing it’s really a Soros-financed political money washer.
In New York politics, there’s one machine that towers above the rest. No, not the Democratic Party—it’s the Working Families Party, the most powerful minor party in America. Its name sounds wholesome enough—who doesn’t support “working families”? But behind that branding lies a $2 billion tax-exempt laundromat that’s anything but local, grassroots, or honest.
Take Zohran Mamdani, their current belle of the ball.
Easy answer: Zohran Mandani is the product of a grassroots washing syndicate of 501c3 and 501c4 entities funded by George Soros and Silicon Valley billionaires. He is their manufactured product.
Easy answer: Zohran Mandani is the product of a grassroots washing syndicate of 501c3 and 501c4 entities funded by George Soros and Silicon Valley billionaires. He is their manufactured product.
After winning his race, he announced on NBC: “I don’t think we should have billionaires.” Hilarious considering Mamdani’s “grassroots” revolution was fueled by over $2 million in PAC and organizational spending, much of it courtesy of the very billionaire class he allegedly opposes.
This is the theater of modern politics: denounce wealth while being powered by it. And the actors know their audience. They’ve learned that if you slap “grassroots” on the packaging, voters won’t check the label.
But let’s check it anyway.
The money trail revealed in Sam Antar’s breaking report is straightforward enough. Soros donates to the Open Society Institute, a $4.5 billion “charity” that enjoys generous tax deductions. OSI then transfers millions to other “charities” like Tides Foundation, which mysteriously claims to run a $350 million operation with zero employees. From there, the money “converts” into political cash: Tides passes funds to the Working Families Organization, a 501(c)(4), which then wires millions to PACs that bankroll candidates like Mamdani.
What you have is billionaire money dressed up in “working families” clothing, masquerading as the will of the people while being anything but.
Drawing on data from the nonpartisan data firm L2, the New York Times’s Shane Goldmacher conducted an in-depth analysis of the changes in these numbers over the past few election cycles. His findings paint a stark picture for the Democratic Party. It is in the midst of what he calls a “voter registration crisis,” with the party “hemorrhaging voters long before they even reach the polls.”
Goldmacher first looked at how these figures shifted between 2020 and 2024. In the span of four years, Democrats lost roughly 2.1 million registered voters across the 30 states and the district that track party affiliation, while the GOP gained approximately 2.4 million.
As the map below shows, Democrats fell behind in each one of these states. This includes blue states such as California, Colorado, Maine, Massachusetts, New Jersey, New Mexico, New York, Oregon, and Rhode Island, as well as the swing states of Arizona, New Hampshire, North Carolina, and Pennsylvania.
NEW at NYT: The Democratic Party is facing a voter registration crisis in red, blue and battleground states alike — losing ground to the GOP everywhere.
My deep dive into the numbers and what it reveals about the party's brand.
The shift in Pennsylvania has been dramatic. In November 2020, Democrats held a registration advantage of 517,310 active voters. Today, that margin has shrunk to just 53,303.
A similar scenario has played out in North Carolina, where Democrats once enjoyed a 400,000-voter edge. Their lead now stands at less than 17,000.
Goldmacher noted that, in percentage terms, Democrats’ advantage over Republicans narrowed from nearly 11 points in 2020 to just over 6 points in 2024.
President Donald Trump was still able to win because so many Democratic votes are concentrated in deep-blue strongholds such as California and New York. By contrast, large red states such as Texas don’t allow voters to register by party affiliation — and thus aren’t reflected in the data.
In some cases, Democrats still retained an edge over Republicans (such as in Pennsylvania). But the majority of new registrations in other states, such as Florida, shifted from Democrats to the GOP. Goldmacher expects more states to follow.
Moreover, between 2018 and 2024, new young voters have shifted noticeably toward the Republican Party. In 2018, 66% of voters under 45 registered as Democrats, but by 2024 that share had fallen to just 48%.
Goldmacher reported that, last year, for the first time since 2018, new voter registrations nationwide favored Republicans over Democrats.
That was a long time ago and today Democrats’ image is significantly worse and over a wider range of cultural issues than it was back then. The animus toward the party among working-class voters has reached epic proportions and Democrats appear clueless on how to overcome that. The reigning theories seem to be talking more about economics (“kitchen table issues” or, more daringly, “abundance”), insisting they’re “fighters” and cussing a lot. Damon Linker gets to the heart of how absolutely hopeless this approach is.
[W]hat liberals need to do to defeat right-wing populism…[is] to moderate on culture. That means on policies and moral stances wrapped up with the old culture war (like trans and other gender-related issues) as well as in other areas of policy that have a strong cultural valance—like crime, immigration, and DEI. This isn’t just necessary because Democratic positions on these issues are unpopular at the moment. It’s also crucial because culture is more fundamental than politics: It sends a signal to voters about where a politician or party stands on base-level moral questions. When voters become convinced that a specific politician or party has bad (or just sufficiently different) moral judgment, they lose trust in that politician or party. And then other, more superficial policy commitments don’t matter…
The area surrounding the Texas-Arkansas border has been solidly Republican for a while, but the Biden people wanted to demonstrate that federal dollars are available to all, regardless of political leanings, and they hoped they might be able to tilt the area’s partisan alignment a bit back toward the Dems if those dollars were used to jump-start a solar-panel-construction industry in the region, creating jobs and boosting the local economy in other ways…The money arrived, but in the 2024 election, the region voted even more overwhelmingly for Donald Trump than it had in the previous two election cycles…The effort failed because the voters in Texarkana, like voters in rural and exurban communities around the country, have learned to distrust the Democrats on fundamental issues of morality and culture, making them disinclined to trust them on anything else…
The way to [reach these skeptical voters] is for the party to make an effort to distance itself from the leftward cultural stances associated with its most animated progressive activists, but also often affirmed by many millions of well-educated upper-middle-class white and often female professionals. Since people fitting this description frequently hold top jobs in the Democratic Party itself, this is a hard ask…
This, I’m convinced, is the top challenge facing liberalism and the Democratic Party today.
Exactly. This is the top challenge facing the Democrats today. Yet they are shockingly M.I.A. in dealing with it. Democrats overwhelmingly would rather do anything than do what is needed: two, three many Sister Souljah moments. Consider how Democrats have handled culturally-inflected issues since their 2024 election defeat.
Trans? A few peeps, quickly slapped down by the Groups and party activists.
Immigration? Everything Trump’s doing is wrong. We’ll only cooperate with federal law enforcement when we feel like it.
Crime? Not a problem. Everything’s going great—especially in D.C.! Democratic House leader Hakeem Jeffries: “The crime scene in D.C. most damaging to everyday Americans is at 1600 Pennsylvania Ave.” Trump’s turning D.C. into a police state!
Race? DEI is wonderful and we’ll defend it to our dying breath. Same thing with racial preferences. Those who oppose these policies are racists and white supremacists.
The list could go on. Using the traditional 0-10 Sister Souljah scale, where zero is doing nothing at all, 5 is barely adequate, and 10 is what Bill Clinton did, I’d give today’s Democrats a 1 for the occasional grudging admission in interviews and the like that maybe the Democrats have overdone their noble commitments a little bit (though of course their heinous opponents are 100 percent wrong). And the 1 might be generous.
Teixeira is 100% right on the problem, and on Democrats complete inability to address the problem. Sister Souljah is the Democratic Party. The insane wing is in the process of driving out the last remnants of the Corrupt Wing, the latter of which foolishly believes that actually winning elections is somehow more important than the perpetual virtue signaling festival to remind those inbred redneck freaks of JesusLand that Democrats are the Good People, and anyone who disagrees is a hetronormative racist transphobic white supremacist who must be cancelled at all costs.
Social Justice controls the ideological core of the Party hook, line and sinker. Opposing social justice is heretical #WrongThink that must be punished. Social justice warriors cannot be argued out of their convictions by logic, as logic had nothing to do with forming them. Social justice is a religious imperative, and the only way to free the party from the grip of social justice is to burn it to the ground. The Democrat Party needs to go the way of the Whigs. (Hat tip: Stephen Green at Instapundit.)
Director of National Intelligence Tulsi Gabbard announced Tuesday that she will be revoking security clearances for 37 current and former intel officials for allegedly abusing the public’s trust by manipulating information and conducting political activities.
The officials on Gabbard’s list includes former top aides to Obama Director of National Intelligence James Clapper, who was involved with a discredited intelligence assessment that claimed Russia favored once-and-current President Donald Trump to win the 2016 election over Democratic rival Hillary Clinton.
Gabbard has accused the 37 officials accused of politicizing and weaponizing intelligence, failing to safeguard classified information, or other instances of failing to follow standards.
Andrew Cedar: Former Senior Director for Global Engagement at the National Security Council
Andrew P. Miller: Former Deputy Assistant Secretary of State for Israeli-Palestinian Affairs
Benjamin A. Cooper: Associate Scholar in the Eurasia Program at the Foreign Policy Research Institute
Beth E. Sanner: Former Deputy Director of National Intelligence for Mission Integration
Brett M. Holmgren: Former Assistant Secretary of State for Intelligence and Research
Charles A. Kupchan: Professor of International Affairs at Georgetown University and former Senior Director for European Affairs at the National Security Council
Christopher Center: Former intelligence analyst and official
Corinne A. Graff: Former Senior Advisor at the United States Institute of Peace
Dipreet K. Sidhu: Former intelligence and policy official
Edward Gistaro: Former National Intelligence Officer for Europe
Emily J. Horne: Former Spokesperson and Senior Director for Press at the National Security Council
Harry Hannah: Former intelligence official
Heather R. Gutierrez: Former intelligence analyst
Jamie S. Jowers: Former intelligence and policy advisor
Jeffrey M. Prescott: Former U.S. Ambassador to the United Nations Agencies for Food and Agriculture
Joel T. Meyer: Former Deputy Assistant Secretary for Strategic Initiatives at the Department of Homeland Security
Joel Willett: Former CEO of Cybermedia Technologies
John W. Ficklin: Former Senior Director for Records and Access Management at the National Security Council
Julia S. Gurganus: Former National Intelligence Officer for Russia and Eurasia
Julia Santucci: Former Director for Egypt at the National Security Council
Loren DeJonge Schulman: Former Deputy Director of Studies at the Center for a New American Security
Luke R. Hartig: Former Senior Director for Counterterrorism at the National Security Council
Maher B. Bitar: Former Coordinator for Intelligence and Defense Policy at the National Security Council
Mark B. Feierstein: Former Assistant Administrator for Latin America and the Caribbean at USAID
Mary Beth Goodman: Deputy Secretary-General of the Organisation for Economic Co-operation and Development
Megan F. Doherty: Former Deputy Assistant Administrator for the Middle East at USAID
Michael P. Dempsey: Former Acting Director of National Intelligence
Perry Blatstein: Former intelligence analyst
Richard H. Ledgett: Former Deputy Director of the National Security Agency
Samantha E. Vinograd: Former Assistant Secretary for Counterterrorism and Threat Prevention at the Department of Homeland Security
Sarah S. Farnsworth: Former intelligence official
Shelby L. Pierson: Former Intelligence Community Election Threats Executive
Stephanie O’Sullivan: Former Principal Deputy Director of National Intelligence
Thomas W. West: Former Special Representative for Afghanistan
Thom X. Nguyen: Former intelligence analyst
William J. Tuttle: Former intelligence official
Yael Eisenstate: Former Vice President of Global Affairs at the Anti-Defamation League
I’m including the entire list here because I think it’s important to name and shame. Also, having this posted and tagged lets me keep track when one of those swamp creatures pops up in a new role, and helps track the corruption of previously important institutions (I’m looking at you, ADL).
Speaking of swamp creatures: “Kash Patel’s FBI raids John Bolton’s home, office in probe over sending classified documents to family.” Bolton reminds me of Mark Felt, Watergate’s “Deep Throat,” in that both stabbed metaphorical knives in the President they served over being denied the influence and deference they felt they deserved. Bolton was actually a pretty good UN ambassador, where he served the useful function of scaring the shit out of America’s foreign enemies. Alas, he Peter Principled himself to National Security Advisor, where he never got on the same page with Trump’s unorthodox (but effective) diplomacy.
“LaToya Cantrell, the mayor of New Orleans, has been indicted on Federal charges….The indictment alleges that [Cantrell] and Jeffrey Paul Vappie, a member of her Executive Protection Unit (EPU), developed a personal relationship in October 2021. To conceal their relationship and maximize their time together, they allegedly created a scheme to defraud the City of New Orleans by engaging in personal activities while Vappie was on duty and being paid for providing protection.” They were canoodling on the taxpayer’s dime. (Previously: “It’s the mayor’s exorbitant travel spending that has people up in arms. She traveled to sister cities Ascona, Switzerland, and Juan Antibes-les-Pins on the French Riviera this summer, costing the City of New Orleans close to $45,000, including first-class international airfare with lie-flat seating.”)
“The Unecha pumping station which is part of the Druzhba pipeline has been hit for the second time this week by drones.” This is near to the border with Belarus.
“Unprecedented Shift In Lebanon’s Attitude Towards Iran: Our Government’s Decision To Disarm Hizbullah Stands; We Will Not Tolerate Your Intervention In Our Internal Affairs; Relations With Lebanon Must Be Conducted Via State Institutions, Not Via Hizbullah,” MEMRI, August 14, 2025:
On August 13, 2025, during his visit to Lebanon, the head of Iran’s Supreme National Security Council, Ali Larijani, heard unequivocally from Lebanese President Joseph Aoun and Prime Minister Nawaf Salam that Lebanon is no longer under Iranian patronage and will not tolerate Iranian dictates or interference in its internal affairs.
Larijani’s visit came amid tension between the two countries that followed the historic August 5 decision by the Lebanese government to disarm Hizbullah by the end of the year – a decision that sparked rage in Hizbullah’s patron Iran. Iranian officials, among them Foreign Minister Abbas Araghchi, as well as Ali Akbar Velayati, top advisor to Supreme Leader Ali Khamenei, and Iraj Masjedi, deputy commander of Iran’s Islamic Revolutionary Guards Corps (IRGC) Qods Force, expressed their vehement opposition to the Lebanon’s sovereign decision, claiming that it reflected not the will of the Lebanese people but only Israeli and American aspirations. These senior Iranian officials voiced support for Hizbullah’s refusal to comply with the demand to disarm, and warned that Hizbullah could thwart this plan because it had already rebuilt itself following the war with Israel and is now “at the height of its powers.” They added that Iran would support the organization in this matter.
Lebanon was quick to respond to these statements, perceiving them as direct and blatant interference in its domestic affairs. In a notable response, the Lebanese Foreign Ministry issued, unprecedentedly, not one but two harsh condemnations of “the violation of Lebanon’s sovereignty, unity, and stability.”
More condemnation and criticism came from the anti-Hizbullah and anti-Iran camp in Lebanon, which called on the Lebanese government to take diplomatic measures against Iran, such as expelling the Iranian ambassador and even severing relations with Iran, in addition to filing a complaint with the UN Security Council.
Israel’s decision to crush Iran’s terrorist catspaws continues to reap benefits across the region.
The Texas Attorney General’s race just got a major shake up.
Conservative firebrand and U.S. House Freedom Caucus member Congressman Chip Roy (R-TX-21) will run for Texas attorney general, the four-term legislator told The Texan.
“It has been my honor to represent the 21st Congressional District of Texas — the best part of the best state in the greatest country in the history of the world. I am particularly proud of our work to deliver on President Trump’s agenda and fight to drain the swamp. I could do it forever and be fulfilled professionally. But representatives should not be permanent,” Roy said in a release.
“And my experience watching Texans unite in response to the devastating Hill Country floods made clear that I want to come home. I want to take my experience in Congress, as a federal prosecutor, and as First Assistant Attorney General to fight for Texas from Texas.”
Roy’s 21st Congressional District stretches from Austin to San Antonio and west of Kerrville. During the devastating Hill Country flooding last month that killed over 130 people, Roy, who represents the area, was on the ground in the community more than most other state officials responding to the disaster.
He joins a field that includes state Sens. Mayes Middleton (R-Galveston) and Joan Huffman (R-Houston), as well as former Department of Justice appointee Aaron Reitz. Polling released by Texas Southern University on Thursday morning, which did not include Roy, put Huffman at 12 points, Middleton at eight, and Reitz at seven with nearly three-quarters of respondents undecided.
Previously Ted Cruz’s chief of staff before getting elected to congress, Roy has to be considered the immediate favorite to win the Republican nomination.
Minnesota Democratic–Farmer–Labor Party stripped the party’s endorsement of radical leftist Minnesota state Sen. Omar Fateh in the Minneapolis mayoral race over “brazen cheating.” The emerging election cheating scandal hilariously occurred amongst Democrats. Awkwardly, this comes from the same party of woke leftists that insists U.S. elections are the “safest in the world” and free from manipulation. Clearly, this corrupt party that serves progressive elites – not the working class – wants a do-over in this local election.
On Thursday, Minnesota DFL chair Richard Carlbom wrote in a statement, “After a thoughtful and transparent review of the challenges, the Constitution, Bylaws & Rules Committee found substantial failures in the Minneapolis Convention’s voting process on July 19, including an acknowledgement that a mayoral candidate was errantly eliminated from contention.”
Carlbom added, “Now it’s time to turn our focus to unity and our common goal: electing DFL leaders focused on making life more affordable for Minnesotans and holding Republicans accountable for the chaos and confusion they’ve unleashed on Minnesotans.”
A series of challenges were submitted to the Minnesota DFL after last month’s convention, citing serious issues with the electronic voting system and raising questions about election integrity in Fateh’s endorsement over incumbent Jacob Frey. The Minneapolis DFL also recognized it had erroneously eliminated DeWayne Davis after the first round of voting due to 176 undercounted votes.
Funny how Democrats swear up and down that there’s absolutely no voting fraud…until they accuse a fellow Democrat.
Trump is calling on Federal Reserve governor Lisa Cook to resign over mortgage fraud allegations, namely claiming two separate homes as her primary residence.
Moribund lefty legacy outlet MSNBC is rebranding as MS NOW. Until that woke hive of scum and villainy is entirely purged, no sane American will ever trust it.
“Texas Is Preparing To Cut Off Power To Data Centers During Grid Emergencies.” Well, yeah. If it’s data centers or people’s homes and apartments, people should generally win. Data centers should have backup power and orderly shutdown procedures, not to mention redundant arrays of backups and rotating off-site backups…
Texas Democratic State Rep. James Talarico (TX-50) decries the effects of money on politics while taking “a whopping $59,000 in donations from a billionaire’s PAC last year. The Texas Sands PAC, which is pushing for the Lone Star State to legalize casino gambling, gave Talarico the donations to encourage him to lead that initiative.”
“Senator launches investigation into Meta over allowing ‘sensual’ AI chats with kids.” It seems that all the billions Facebook has been sinking into AI has only made the world worse. Much like Facebook itself…
Flesh-eating bacteria is on the rise again. Avoiding swimming in the ocean or eating raw oysters seems to be the key to avoiding it.
Dwight has a swell obit up for RAF Flight Lt. John Cruickshank, a Catalina pilot who was so shot up by a U-boat, with blood soaking through his flight suit, that his crewmembers thought he wouldn’t make it on the five hour flight home. Not only did he make it back to help land the plane, he lived to be 105.
“U.S. Agriculture Secretary Rollins, Gov. Abbott Announce $850 Million to Combat New World Screwworm Threat. Hundreds of millions will be appropriated by the federal government to build a sterile fly facility.”
German neo-Nazi claims to be a woman so he can serve his time in a women’s prison. ‘Sven Liebich, who now goes by ‘Marla-Svenja,’ was convicted of “slander and incitement to hatred’ and lost his bid to appeal. Now that he’s headed to jail, he has suddenly identified as a woman, despite previously calling transgender people ‘parasites.'” Liebich appears to be an actual neo-Nazi rather than just an AfD member, and neo-Nazis are scum, but you have to admire the brazenness of the hustle, especially not even bother to shave off his mustache, and actually demanding kosher meals.
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.”
