James Talarico: “Trickle-down economics is not a theory, it’s theft. They have been stealing from the American people, stealing the wealth we created. It’s why everything sucks right now. It’s why everyone is so angry. We have an affordability crisis because we have a corruption crisis. We don’t have a government of, by and for the people, we have a government of, by and for the billionaires”
Gloria Steinem on Trump (2016): “He is a ridiculously small insecure man with cotton candy hair and his coat swings open and you see this gelatinous mass. I don’t know where he went wrong in his childhood. It is unforgivable that we have in my country raised him to the level of a presidential candidate. In real life, he should not be elected, he should be hospitalized”
Every market has a fellow who is certain the prices are wrong and that he alone knows the right ones. Usually the market charges him tuition for this belief. Occasionally, it hands him the Treasury.
Consider the record. In 2000, Scott Bessent left Soros to run $1 billion of his own. Five years later, the fund no longer existed. In 2015 he tried again with Key Square, co-founded with Soros alum Michael Germino and seeded with $2 billion of Soros money — which is a bit like failing your driving test and being handed a Ferrari. Assets peaked at $5.1 billion in 2017 and finished 2023 at $577 million. Institutional investors reportedly went from 180 to 20, a retention rate that would embarrass a gym in February. And in 2018, Soros — the man who staked him — took his chips off the table. When your own anchor investor would rather not watch, that is not typically a buy signal.
Which brings us to the question: is the man now confidently dictating where oil, the dollar, Treasury yields, and stocks ought to trade a macro mastermind the market tragically failed to appreciate? Or did the market spend two decades doing its due diligence on him — and sell? He believes he’s smarter than the market. The market already graded that exam. Twice.
PROJECTION: Trump-backed GOP Rep. Andy Ogles falls to a challenger backed by Tennessee’s governor, becoming the ninth House member to lose a primary this year. https://t.co/R5m58FqUqc
TAPPER: Hold on -- hold on, 'cause I'm not done with the list of women who have accused you of violence. Are all three of them lying?
REP. MAX MILLER: Yes. And I'm not getting out of the race because in 2016, President Donald J Trump faced the most extreme allegations in the world ...
In their statement, Sens. Cornyn and Tillis refer to this one pager as a "binding written order that the audit settlement is limited to the plaintiffs and the scope does not extend beyond the defendants in the lawsuit, the IRS and the Treasury." But this isn't an order nor does it bind anyone.
The Justice Department is admitting that a $14 million renovation on the Lincoln Memorial Reflecting Pool in Washington, DC, was flawed, and is dropping the criminal case against a former Olympian that accused him of damaging the pool, according to a new court filing. https://t.co/ZvFnQUocq4
Mitch McConnell's hometown newspaper
McConnell is every bit the detestable figure that Nixon was.
But unlike Nixon, McConnell never paid for his sins - Joseph Gerth: My too-early 'tribute' to Mitch McConnell | Opinion https://t.co/pfCsLi96CE via @courierjournal
Hunter Biden says a "closeted gay mafia" of Republicans runs Washington
Hunter: "There is like this closeted gay mafia, largely Republican, that exists in Washington DC, and everybody knows every single one of them"
Hunter: "I know for certain and I'm not kidding now… everybody in DC knows this"
Hunter: "The only reason that that is relevant is because I believe that internal conflict creates so much vitrial inside a person that they take it out on the rest of the world"
Hunter: "For Lindsey Graham, like everybody knows that Lindsey Graham was gay, right?"
Thomas Massie on Trump’s speech to the nation tonight about election fraud:
“We control the House, Senate, White House, and Supreme Court, so I ask my Republican colleagues, why are you complaining about election fraud? We won all the elections!”
This is all a distraction from the fact that our elections actually are rigged, but not in the way Trump or even Democrats ever claim.
Our elections are rigged by corporations and billionaires who buy off and bribe both parties to tilt the economy in their favor, creating an unbalanced society that’s rigged for the rich.
Elections under capitalism are a sham, as they don’t produce democracy for the people. They only produce democracy for the rich.
Elections under capitalism are simply a mechanism of control for the ruling class to keep the masses divided and trapped in the very system that’s rigged against us.
JD Vance: “The November midterms give us a choice: keep fighting fraud with Republicans or send criminal fraudsters a life boat from the Democrats.”
Just a quick reminder, this administration has pardoned more fraudster than every other administration combined.
Here is an incomplete list of fraudsters pardoned by Trump/Vance. It’s incomplete because the list is so long it exceeds the X post character limits.
• Dinesh D’Souza: Convicted of campaign contribution fraud via illegal straw donations.
• Conrad Moffat Black: Convicted of mail fraud and obstruction related to business dealings.
• Michael Robert Milken: Convicted of conspiracy, securities fraud, mail fraud, and tax fraud in the 1980s junk bond/insider trading scandal.
• Philip Esformes: Convicted in one of the largest Medicare/Medicaid fraud schemes (over $1 billion in fraudulent claims via nursing homes and kickbacks).
• Salomon Melgen: Convicted of health care fraud involving tens of millions in fraudulent Medicare billing as an eye doctor.
• Faustino Bernadett (and similar health care figures like those in large-scale schemes): Convicted in health care fraud with sham contracts and kickbacks exceeding $900 million in fraudulent bills.
• Michael Ashley: Convicted of bank fraud tied to a mortgage company collapse.
• John Duncan Fordham: Convicted of health care fraud as a pharmacist.
• Steve Stockman: Convicted of mail and wire fraud, campaign finance violations, and money laundering (misusing charitable donations).
• Chris Collins: Convicted of securities fraud and insider trading (providing material nonpublic information).
• Sholom Rubashkin: Convicted of bank fraud, wire fraud, mail fraud, and money laundering in a large-scale meatpacking financial scheme.
• Judith Negron: Convicted of conspiracy to commit health care fraud, health care fraud, kickbacks, money laundering, and structuring (part of a major scheme).
• Fred Davis Clark Jr.: Convicted of bank fraud and false statements in connection with federally insured loans.
• Albert J. Pirro Jr.: Convicted of conspiracy, tax evasion, and multiple counts of fraud.
• Additional health care executives/doctors (at least 10 total in first term): Convicted in large-scale Medicare fraud schemes involving false billing and kickbacks.
• Trevor Milton: Convicted of securities fraud and wire fraud (false statements to investors about Nikola Corp. technology).
• Devon Archer: Convicted of conspiracy to commit securities fraud and securities fraud (defrauding a Native American tribe in a bond scheme).
• Brian Kelsey: Convicted of conspiring to defraud the United States and aiding excessive campaign contributions.
• Todd Chrisley and Julie Chrisley: Convicted of bank fraud, tax evasion, and conspiracy to defraud banks (over $30 million in fraudulent loans).
• George Santos: Convicted of wire fraud, identity theft, aggravated identity theft, and embezzlement/fraud from campaign donors and unemployment benefits.
• Michael Grimm: Convicted of tax fraud (underreporting income and filing false tax returns).
• Jacob Deutsch: Convicted of conspiracy to commit mail fraud and wire fraud (mortgage fraud scheme).
• Adriana Isabel Camberos (aka Adriana Shayota): Convicted of mail and wire fraud in a counterfeit 5-Hour Energy scheme (millions in restitution; previously had a related sentence commuted in first term).
• Andres Enrique Camberos: Convicted alongside his sister in the mail and wire fraud counterfeit product scheme.
• Terren Peizer: Convicted of insider trading and securities fraud (health care company scheme).
• Wanda Vázquez Garced: Convicted of campaign finance violations tied to bribery and wire fraud scheme.
• Julio Herrera Velutini: Convicted of wire fraud and related bribery/conspiracy.
• Mark Rossini: Convicted of wire fraud in the same bribery scheme.
• Michele Fiore: Convicted of wire fraud and charity fraud (misusing funds for slain officers).
• Glen Casada