Yet if the average corporate person does insider trading it comes with a prison sentence not pricing.
It’s wild how banana republic level corrupt the US is all of a sudden. Really went from 0 to 100 in months
duxup 1 hours ago [-]
Generally the SCOTUS majority seems to feel "It's ok if our president does it." when it it comes to most things.
The few times they disagree they let it stand (like tariffs) and allows the government to collect illegal taxes from the people, and then just shrug at the end with "well guess that was wrong"... and the citizens get nothing back.
red-iron-pine 39 minutes ago [-]
SCOTUS takes money from them -- it is to be expected
pjc50 11 hours ago [-]
Does raise the question of whether this also comes with free immunity from prosecution, or whether the NYAG should just pre-emptively say that anyone signing up for this and trading on the results will be prosecuted under NY state law.
Well, maybe information that is for sale on the open market to anybody that's willing to pay is no longer considered 'insider' information? i.e. trader Jane Doe can't complain that trader John Doe has this info - she could have it too if she wanted.
(edit: not defending this, I find it to be deplorable and disgraces the office of president.)
tavavex 4 hours ago [-]
She could only have that info if she has the money to pay for it. In every possible interpretation, this is just discriminating based on wealth. There was no paywall before. Now the rich get direct access to better information and more wealth, everyone else is left in the dust. As if they didn't already have that advantage before.
To me this would be similar to an argument that "one dollar = one vote" is democractic because anyone could hypothetically pay more or just earn more money.
PunchyHamster 11 hours ago [-]
that comes with extra donations
spwa4 11 hours ago [-]
If you want law and policing to work, it needs to be very predictable for everyone. So yes, if there is the least bit of doubt, the NYAG should absolutely say, far in advance, that this will happen.
Because if this isn't the case, then people will be forced to compete by "slightly" violating the law, everyone a little bit more, until the law is a total joke. This has happened in history.
bathtub365 6 hours ago [-]
The algorithmic trading firms were already doing this via scraping. What I’m curious about is if they’re going to also impose a slight delay between when posts show up in the API vs when they’re posted on the website.
John23832 3 hours ago [-]
> The algorithmic trading firms were already doing this via scraping.
That doesn’t matter. That’s fundamentally different than the president selling access to himself.
red-iron-pine 37 minutes ago [-]
thats math bots reading trades and making best guesses.
probably detremental to the market as a whole but not fundamentally illegal -- they're just watching really, really, really closely.
DJT is selling access to stuff that he knows will move the market, and may only be done just to move the market. wholesale graft, and depending on who benefits, possibly treason.
bestouff 11 hours ago [-]
30 to 100 maybe
hakunin 5 hours ago [-]
The difference between a million and a billion is a billion. It's basically 0 to 100.
lostlogin 11 hours ago [-]
> It’s wild how banana republic level corrupt the US is all of a sudden.
It’s wild how utterly predicable this was and yet it was the chosen path.
red-iron-pine 17 minutes ago [-]
> ima tell you like Wu told me: cash rules everything around me, dollar dollar bill yall
been that way since Reagan
cosmicgadget 3 hours ago [-]
Predictable? It was a campaign promise. People actively decided this is what they wanted.
spwa4 11 hours ago [-]
When you get older, eventually you see the pattern. Political parties, whatever their viewpoints, are tolerated as long as they improve economic outcomes fast enough. When that even just slows down, there is some tolerance, but not much.
inigyou 10 hours ago [-]
Literally the reason people voted for Hitler was that the German economy was in the shitter and he promised to fix it, with promises that made no sense, similar to Trump's.
spwa4 7 hours ago [-]
Hitler did create an "economic miracle", which is why he actually went up in popularity, even with the parties he would later ...: https://www.youtube.com/watch?v=yRlbUeji01U
It was all based on a purposefully designed system of lies. Which can work, until someone proves it's a lie to external parties.
antisthenes 7 hours ago [-]
As always, uneducated ignorant people make life hell for everyone else.
In order for a democracy to function, you need people that are able to evaluate political promises as bullshit or not. If you believe nonsense from grifters, you get either what you described or the current US admin. Or Brexit.
I'm sure there are more examples of this in history.
inigyou 6 hours ago [-]
That's why the right wing always defunds the education system everywhere it gets power, right?
pjc50 10 hours ago [-]
I don't know why this is downvoted, this is the entire basis of China being politically stable despite being unfree.
The problem is trying to untangle which are the economic indicators that matter and what the causality is. Despite everything, the stock market is at or near an all time high (mostly due to AI), and that grants Trump a lot of leeway from the money class.
Oil prices going up would probably also be extremely unfavourable for the Trump regime. So simply empty the US SPR onto the market to keep prices down and avoid the Iran war having any impact. Should last for the rest of his term.
whazor 11 hours ago [-]
real danger of insider trading is that you can get jailed 20 years in the future for something you did today
bradleybuda 11 hours ago [-]
Inshallah
red-iron-pine 15 minutes ago [-]
yeah ima be doin hookers and blow for the next 20 years, they can jail my 78 year old ass
crypto means they'll never find the money either
feverzsj 11 hours ago [-]
The system is broken. There is no effective restrict on president's powers. And the president is Trump.
mDyJzDPmBdG 10 hours ago [-]
I mean Congress or SCOTUS could restrict his powers but they don't want to. How do you even go about fixing that? And is it really that uncommon when president, congress and supreme court is controlled by same party?
I have a feeling the only new element is that the same can be now said for media.
JKCalhoun 8 hours ago [-]
Previous comment: "The system is broken."
Reply: "Congress or SCOTUS could restrict his powers but they don't want to."
Conclusion: the system is broken.
Jordan-117 4 hours ago [-]
It's kind of what happens when an electorate empowers a pathologically lying corrupt criminal to head of state and gives their craven sycophants legislative majorities.
bko 10 hours ago [-]
Not sure what "average corporate person" means, but if you're just a random dude and you trade on your golf buddies tips, no one is going to throw you in jail. Very few people get charged a year, like dozens. I'm sure >99.9% of get away with it. I think it's often political or targeted.
The weirdness here comes from the president owning a social media company. I think they're playing up how markets move on their posts for obvious reasons. But social media companies likely sell priority access. They're called enterprise licensing deals. Same with news media, like Bloomberg, Dow, Reuters.
This isn't "insider trading" its publicly available information. The idea that the "little guy" is somehow screwed over by this is just silly.
Remember companies go bankrupt. Slowly then all of the sudden.
We're in a problem that was made by the Bushs, Clintons, Obama & Biden. And Trump. Those who went before them. And of course the voters who put them in power.
AngryData 11 hours ago [-]
[flagged]
Paratoner 10 hours ago [-]
We're going to take the "both sides bad" intellectual dishonesty to the forced labor Freedom Trump camps. But hey! Kamala would've done the same. God I despise the likes of you so much.
inigyou 10 hours ago [-]
Both sides are bad. One is worse. Both lead America rapidly downhill. One does it faster.
orwin 10 hours ago [-]
From an external point of view, one side is at least trying. Ranked choice voting, "no corporate money in politics" and other initiative like this, to add more democracy, suddenly come out on my news feed and each time i say to myself "it won't work right now, but at least it seems those are steps in the correct direction". Supporting the people who run on those platform is infinitely better than a destructive nihilism.
inigyou 9 hours ago [-]
One side is trying to destroy America, the other is sitting by and prioritising maintaining decorum and insider trading off the destruction of America that's already happening. I don't know who's running on the platform you just said.
sheikhnbake 8 hours ago [-]
There are quite a few democratic socialists running on that platform across the country.
throw0101d 8 hours ago [-]
> Both sides are bad.
There were (then-)members of the Republican party who voted for Clinton, Biden, and Harris:
> Conservative author David Frum, a speechwriter for former President George W. Bush, announced Wednesday that he cast an early vote for Democratic presidential nominee Hillary Clinton.
> But she is a patriot. She will uphold the sovereignty and independence of the United States. She will defend allies. She will execute the laws with reasonable impartiality. She may bend some rules for her own and her supporters’ advantage. She will not outright defy legality altogether. Above all, she can govern herself; the first indispensable qualification for governing others.
> So I will vote for the candidate who rejects my preferences and offends my opinions. (In fact, I already have voted for her.) Previous generations accepted infinitely heavier sacrifices and more dangerous duties to defend democracy. I’ll miss the tax cut I’d get from united Republican government. But there will be other elections, other chances to vote for what I regard as more sensible policies. My party will recover to counter her agenda in Congress, moderate her nominations to the courts, and defeat her bid for re-election in 2020. I look forward to supporting Republican recovery and renewal.
> We're going to take the "both sides bad" intellectual dishonesty
The intellectual dishonesty is pretending that not calling out both sides will lead to any kind of long term solution.
> But hey! Kamala would've done the same.
Saying both sides are bad is not saying they're the same. They take on different forms but are both fundamentally broken and part of the same uniparty of capital interests. The blue/red parties offer an illusion of democracy, but really they just play good cop/bad cop while ultimately serving the wants of elites instead of needs/wants of the vast majority.
But elections appear close, so people think they still have a democracy while they argue about which flavor of shit to install in the control booth. Installing the subjectively "less bad" flavor only guarantees the other one will soon take over in a collective race to the bottom. Dems elevated Trump from meme tier gameshow host to serious contender thanks to their pied piper strategy, and all they could manage was to get mad at wikileaks for exposing them.
JKCalhoun 8 hours ago [-]
You might as well say neither side are perfect (which no one disagrees with).
And here we are with perfect being the enemy of the good…
swed420 8 hours ago [-]
> You might as well say neither side are perfect (which no one disagrees with).
Maybe if you want to manufacture consent for the broken system which continues to make lives worse with each passing year instead of confront it.
If you're trying to find agreement, maybe say both sides are responsible for widespread misery, and corruption/exploitable systems and perpetual settling for lesser-evils among "voters" is what keeps us on this path.
And before anybody tries to blame the non-voters, abstaining from voting in a broken system is indeed a vote.
IAmBroom 7 hours ago [-]
> And before anybody tries to blame the non-voters, abstaining from voting in a broken system is indeed a vote.
... Yes, I agree. Abstaining from voting is the same as voting for Trump.
"If you are neutral in situations of injustice, you have chosen the side of the oppressor. If an elephant has its foot on the tail of a mouse and you say that you are neutral, the mouse will not appreciate your neutrality."
swed420 6 hours ago [-]
And as my parent comment says, voting for complicit Dems is a future vote for him.
Treating a corrupt system as legitimate is what perpetuates it. Only one of the three options marks it as illegitimate.
Collectively admitting the problem is a prerequisite to fixing it.
artisinal 12 hours ago [-]
I still remember when Obama wearing a tan suit was controversial.
arvid-lind 11 hours ago [-]
The audacity to push things called the Affordable Care Act too.
deepfriedchokes 5 hours ago [-]
“Rules for thee but not for me” is the narcissist’s core value.
spwa4 11 hours ago [-]
I miss Obama. A president that could actually deliver a decent speech and actually bothered to be a politician.
A politician should do TWO things: get elected, and convince the electorate about a path forward, including any compromises needed. Obama is the last president that actually did that. As we all know. Trump just doesn't even bother. And before anyone else points this out: yes, I kind of agree, Biden didn't either. Democrats are their own worst enemy, just like republicans are.
I really miss Obama.
Jordan-117 3 hours ago [-]
Biden did both, at least at first. Age (and refusal to recognize it) hobbled him in the end, but during his term he was one of the more effective presidents of the last several decades. Arguably more effective than Obama, considering the amount accomplished in one term and the far slimmer majorities he had to work with. And I say that as somebody who loves Obama.
cosmicgadget 3 hours ago [-]
Hopefully when Russia is sorted it will be a chance to remember how the Biden administration helped derail "three days to Kyiv" while absolutely embarrassing the Kremlin.
That and letting JPow fix inflation without constantly screeching about needing to lower interest rates.
gib444 11 hours ago [-]
Your post reminds me of that scene from the West Wing where the president joins a meeting the VP had already started who had opened with:
"Surely our first priority is to figure out a way to work with Congress"
Then the president joins and is caught up by the note taker and embarrasses the VP with
"Our first priority is to work with congress? Surely our first priority is to serve the American people"
vitalyan8184 10 hours ago [-]
that's all you remember? not Libya and Syria?
artisinal 10 hours ago [-]
I was once stuck in traffic in Berlin thanks to Obama.
IAmBroom 7 hours ago [-]
He turned me into a newt.
NoGravitas 2 hours ago [-]
Did you get better, though?
pjc50 10 hours ago [-]
I don't think the Trump administration would have been any less keen to bomb Libya.
This creates an incentive to post things that cause high volatility (even in the downward direction) as that creates a "subscribe if you want early warning of market dips" pressure factor.
cosmicgadget 3 hours ago [-]
This is already happening, see all of the tariff and Iran tweets. It's just that now there's another layer of insiders.
mcdeltat 12 hours ago [-]
Maybe we can keep going to a point where it's so ridiculous that people realise the financial markets are the useless money laundering loop that they actually are
pjc50 11 hours ago [-]
The supply of capital is absolutely critical to an industrial economy, even if there's a lot of corruption along the way.
defrost 11 hours ago [-]
The supply of food is absolutely critical to a human population, even if truckloads of fish are left to rot in the sun outside schools?
The supply of mineral and energy resources is absolutely critical to an industrial economy, even if rivers are polluted to the point they catch fire ala the Cuyahoga River Fire of 1969?
I suspect it's worth the effort to minimise and prosecute the corruption, waste, and harmful externalities.
pjc50 10 hours ago [-]
> The supply of food is absolutely critical to a human population, even if truckloads of fish are left to rot in the sun outside schools?
Well, yes, you can't solve this problem by cutting off the supply of food and then declaring that you've ended waste.
defrost 10 hours ago [-]
> you can't solve this problem
by doing something I did not suggest. Agreed.
What I did suggest is not putting up with corruption, waste, and toxic externalities "just because".
dingaling 7 hours ago [-]
Capital comes through direct investment and public offerings, not the secondary shares market.
marysol5 10 hours ago [-]
It's bonkers that we have a private company that does things for other private companies being somehow the back-bone of every nation on the planet.....
jaakkoc 12 hours ago [-]
Crazy times we live in that a president can do this.
red-iron-pine 13 minutes ago [-]
that a politician tries to be corrupt isn't new.
the crazy times part is that the gun-totin freedom lovin americans refuse to do jack shit about it.
i believe the term is "chickenhawks"
titzer 7 hours ago [-]
There was a long concerted effort to disable all the accountability mechanisms. A massive failure across the board, at every level, in every party.
Now that the entire justice system is broken, the American system is being dismantled and looted.
2024 was fatal. Enjoy the slide into the abyss.
cosmicgadget 3 hours ago [-]
I think we're realizing that the accountability was never there, prior presidents simply had a sense of dignity.
Ultimately only congress and scotus can intervene. But America decided to vote in the January 6 guy and a congress that wouldn't serve as a check on his power.
NoGravitas 2 hours ago [-]
Yeah, most of the vaunted "checks and balances" in the US constitution either come down to a gentlemen's agreement, or depend on either the nonexistence of political parties, or parties being crosscut by sectional loyalties that haven't really been a factor in US politics for over 100 years.
abrookewood 12 hours ago [-]
Seriously, there are no limits to his graft. This is commercialisation of insider trading. He is shameless.
kleiba2 12 hours ago [-]
Every country gets the government it deserves.
-- Joseph de Maistre, 1811
scarecrowbob 1 hours ago [-]
How do some third graders in Alabama deserve this? How do my 22-year-old waiter friends in rural Texas deserve this?
> Joseph Marie, comte de Maistre[a] (1 April 1753 – 26 February 1821)[1] was a Savoyard lawyer, diplomat, and political philosopher. He is chiefly remembered as one of the intellectual forefathers of modern conservatism.
Sounds like he'd love Trump, then
xtiansimon 9 hours ago [-]
Kleptocracy in all its forms.
As this president likes to say,”A disgrace”. And every accusation is a confession.
Elections have consequences.
syoleene 12 hours ago [-]
If you pay to have the info a few seconds before everyone else, does this make it insider trading?
close04 12 hours ago [-]
You don’t have the info “before everyone else”. You have it after the ones who are guaranteed to benefit from knowing it and/or from disseminating it. Whether you can benefit from it or are the mark is debatable.
short_sells_poo 11 hours ago [-]
The issue is the conflict of interest in POTUS' office. A news agency giving high speed access to news ostensibly just reports news, doesn't make them. The office of the POTUS literally makes the news, even more so today than in the past.
The markets are very headline driven these days because Trump is a prolific poster and is highly unpredictable. This is basically him selling preferential access to market moves that he himself generates.
It's truly an unprecedented level of grifting happening.
marysol5 10 hours ago [-]
Wake up America, they're laughing into your face
mpweiher 11 hours ago [-]
Insider Trading as a Service.
feverzsj 12 hours ago [-]
How could US now be even worse than the spoils system era?
podgorniy 12 hours ago [-]
The epstein-guest-pedo-leader of the "claim-to-be-leader-nation" monetize billion in crypto, poorly chineese manufactured phone and sells access to own market-manipulation-intended-texts. It's so much bad stuff that poor people don't even know how to start battling with it...
The music on this sinking ship will keep playing till the very end. It's a decline. There is no observable way up from this point.
lostlogin 11 hours ago [-]
> There is no observable way up from this point.
The mid terms?
cosmicgadget 2 hours ago [-]
I'm not sure what the way out here is. Even with both houses (which won't happen) the Supreme Court has declared all independent agencies created by Congress unconstitutional. Funding approved by Congress can basically be line-item vetoed by the executive. And of course the bar for impeachment is simply too high.
Split houses means that anything bad can be blamed on the blue house.
Honestly, if you think the GOP isn't currently serving the country's interests you kinda have to hope they aren't given a scapegoat this fall.
easyThrowaway 10 hours ago [-]
And then what? You get a lame duck, then (if you're really lucky) a 4 year dems gov where they basically do basically nothing expect try to clean (or bury) the most outrageous cases of corruption and then once the MAGAs get elected again you're back at the beginning?
netsharc 11 hours ago [-]
It's already looking like Putin/Erdogan-style election fixing...
podgorniy 6 hours ago [-]
two aspects
1. The situation I imply is way broader: it includes corporate favoritism, epstein files people not getting cosequences, cricular investment of the hyperscalers, illusion of AI boom where the president is just a cherry on top. Swap the cherries, and next ones will keep doing what current ones showed is possible and brings no consequences. Add money-printing, war which can't be won, debt growth etc etc. So yes, I don't see good way up from this point. Even with completely midterms lost by trump supporters the major block of problems stays on the table.
2. The mid terms may not result in trump weakening. There are number of scenarios where trump's team/supportes keep major control or even expand it (emergency powers, military or federal interference, or good old intimidation).
Tadpole9181 6 hours ago [-]
Trump fired all members of the Election Assistance Commission this week. His head of the USPS confirmed they have a proposed rule to not deliver mail-in ballots in select states. Last night, as we approach midterms, Trump gave a speech saying US elections are illegitimate and only he can fix it (by controlling the voting machines and who gets to vote).
I'm really sorry, but it really does look like we may have had our last actual election already.
classified 1 hours ago [-]
Insider trading as a service. The corruption knows no bounds.
xvxvx 3 hours ago [-]
The government is one giant taxpayer-funded scam after another. Not that I like Trump in any way, but I’m somewhat thankful that he’s so brazen with the corruption and shedding light on everything.
There’s not a single respectable politician. Obama was worth $1-2M before he became president, and is now worth $70M+.
DivingForGold 8 hours ago [-]
This merely "encourages" Trump and team to move the markets even more, to sell more subscriptions ?
He and his staff can plan out specific utterances that are substantial for moving the markets - endless feedback loop ?
zb3 12 hours ago [-]
New low..
InsideOutSanta 12 hours ago [-]
Elon Musk must be rolling in his shallow grave, out of which he climbs at night, for not thinking of this before Trump.
The grift that keeps on grifting. To put it poetically, everyday discovering something brand new.
freitasm 11 hours ago [-]
The grift. It never stops.
10 hours ago [-]
thrance 12 hours ago [-]
Insider trading as a service. They're not even pretending not to do it, utterly shameless.
piker 11 hours ago [-]
> The new commercial data feed, named Truth API, promises to deliver posts to paying institutional clients in "milliseconds".
...
> The company, which launched its social media app in 2022, said some firms have been copying its data for months without permission.
> McGurn warned that Trump Media will soon block these methods, forcing firms to buy the official feed instead.
This looks like it is monetizing and organizing scrapers. Isn't basically everyone doing this with data feeds these days?
At best this just gives a few milliseconds head start to subscribers and cracks down on automation. I would be shocked if NYSE, etc. don't already have premium tiers with faster market data and those feeds are certainly paid APIs. It's known that HFT shops will co-locate, for example, to have low latency.
This looks really bad, but if it were X and not Truth Social, there wouldn't be anything to see. It goes to the underlying issue of Trump owning and trying to profit from Truth Social generally.
pavlov 11 hours ago [-]
There is literally nothing else of value on Truth Social except the president's posts. And those are considered official government communications. There's a legal ruling about that from the time of the first Trump administration.
So the US president has created a wrapper corporation that sells early access to official government communications. It doesn't matter if it's only milliseconds, that's enough for trading systems to make money.
How can any of this be legal in a democracy?
inigyou 10 hours ago [-]
The people voted for a really corrupt guy, so they get tonnes of corruption. That's how.
piker 11 hours ago [-]
I agree. I think the first part is the surprising part.
The second makes sense for an arms-length news service.
It’s wild how banana republic level corrupt the US is all of a sudden. Really went from 0 to 100 in months
The few times they disagree they let it stand (like tariffs) and allows the government to collect illegal taxes from the people, and then just shrug at the end with "well guess that was wrong"... and the citizens get nothing back.
(Critical to the whole thing is unfortunately https://en.wikipedia.org/wiki/Prosecution_of_Donald_Trump_in... , where the judge inexplicably decided to waive sentencing for a felony conviction)
(edit: not defending this, I find it to be deplorable and disgraces the office of president.)
To me this would be similar to an argument that "one dollar = one vote" is democractic because anyone could hypothetically pay more or just earn more money.
Because if this isn't the case, then people will be forced to compete by "slightly" violating the law, everyone a little bit more, until the law is a total joke. This has happened in history.
That doesn’t matter. That’s fundamentally different than the president selling access to himself.
probably detremental to the market as a whole but not fundamentally illegal -- they're just watching really, really, really closely.
DJT is selling access to stuff that he knows will move the market, and may only be done just to move the market. wholesale graft, and depending on who benefits, possibly treason.
It’s wild how utterly predicable this was and yet it was the chosen path.
been that way since Reagan
It was all based on a purposefully designed system of lies. Which can work, until someone proves it's a lie to external parties.
In order for a democracy to function, you need people that are able to evaluate political promises as bullshit or not. If you believe nonsense from grifters, you get either what you described or the current US admin. Or Brexit.
I'm sure there are more examples of this in history.
The problem is trying to untangle which are the economic indicators that matter and what the causality is. Despite everything, the stock market is at or near an all time high (mostly due to AI), and that grants Trump a lot of leeway from the money class.
It's also why this matters: https://www.reuters.com/business/energy/oil-stocks-us-strate...
Oil prices going up would probably also be extremely unfavourable for the Trump regime. So simply empty the US SPR onto the market to keep prices down and avoid the Iran war having any impact. Should last for the rest of his term.
crypto means they'll never find the money either
Reply: "Congress or SCOTUS could restrict his powers but they don't want to."
Conclusion: the system is broken.
The weirdness here comes from the president owning a social media company. I think they're playing up how markets move on their posts for obvious reasons. But social media companies likely sell priority access. They're called enterprise licensing deals. Same with news media, like Bloomberg, Dow, Reuters.
This isn't "insider trading" its publicly available information. The idea that the "little guy" is somehow screwed over by this is just silly.
https://www.barrons.com/advisor/articles/insider-trading-fbi...
Remember companies go bankrupt. Slowly then all of the sudden.
We're in a problem that was made by the Bushs, Clintons, Obama & Biden. And Trump. Those who went before them. And of course the voters who put them in power.
There were (then-)members of the Republican party who voted for Clinton, Biden, and Harris:
> Conservative author David Frum, a speechwriter for former President George W. Bush, announced Wednesday that he cast an early vote for Democratic presidential nominee Hillary Clinton.
* https://thehill.com/blogs/blog-briefing-room/303984-david-fr...
> But she is a patriot. She will uphold the sovereignty and independence of the United States. She will defend allies. She will execute the laws with reasonable impartiality. She may bend some rules for her own and her supporters’ advantage. She will not outright defy legality altogether. Above all, she can govern herself; the first indispensable qualification for governing others.
> So I will vote for the candidate who rejects my preferences and offends my opinions. (In fact, I already have voted for her.) Previous generations accepted infinitely heavier sacrifices and more dangerous duties to defend democracy. I’ll miss the tax cut I’d get from united Republican government. But there will be other elections, other chances to vote for what I regard as more sensible policies. My party will recover to counter her agenda in Congress, moderate her nominations to the courts, and defeat her bid for re-election in 2020. I look forward to supporting Republican recovery and renewal.
* https://archive.is/https://www.theatlantic.com/politics/arch...
That was in 2016.
The intellectual dishonesty is pretending that not calling out both sides will lead to any kind of long term solution.
> But hey! Kamala would've done the same.
Saying both sides are bad is not saying they're the same. They take on different forms but are both fundamentally broken and part of the same uniparty of capital interests. The blue/red parties offer an illusion of democracy, but really they just play good cop/bad cop while ultimately serving the wants of elites instead of needs/wants of the vast majority.
But elections appear close, so people think they still have a democracy while they argue about which flavor of shit to install in the control booth. Installing the subjectively "less bad" flavor only guarantees the other one will soon take over in a collective race to the bottom. Dems elevated Trump from meme tier gameshow host to serious contender thanks to their pied piper strategy, and all they could manage was to get mad at wikileaks for exposing them.
And here we are with perfect being the enemy of the good…
Maybe if you want to manufacture consent for the broken system which continues to make lives worse with each passing year instead of confront it.
If you're trying to find agreement, maybe say both sides are responsible for widespread misery, and corruption/exploitable systems and perpetual settling for lesser-evils among "voters" is what keeps us on this path.
And before anybody tries to blame the non-voters, abstaining from voting in a broken system is indeed a vote.
... Yes, I agree. Abstaining from voting is the same as voting for Trump.
"If you are neutral in situations of injustice, you have chosen the side of the oppressor. If an elephant has its foot on the tail of a mouse and you say that you are neutral, the mouse will not appreciate your neutrality."
Treating a corrupt system as legitimate is what perpetuates it. Only one of the three options marks it as illegitimate.
Collectively admitting the problem is a prerequisite to fixing it.
A politician should do TWO things: get elected, and convince the electorate about a path forward, including any compromises needed. Obama is the last president that actually did that. As we all know. Trump just doesn't even bother. And before anyone else points this out: yes, I kind of agree, Biden didn't either. Democrats are their own worst enemy, just like republicans are.
I really miss Obama.
That and letting JPow fix inflation without constantly screeching about needing to lower interest rates.
"Surely our first priority is to figure out a way to work with Congress"
Then the president joins and is caught up by the note taker and embarrasses the VP with
"Our first priority is to work with congress? Surely our first priority is to serve the American people"
https://www.cnn.com/2017/09/24/politics/us-strikes-libya-tru...
The supply of mineral and energy resources is absolutely critical to an industrial economy, even if rivers are polluted to the point they catch fire ala the Cuyahoga River Fire of 1969?
I suspect it's worth the effort to minimise and prosecute the corruption, waste, and harmful externalities.
Well, yes, you can't solve this problem by cutting off the supply of food and then declaring that you've ended waste.
by doing something I did not suggest. Agreed.
What I did suggest is not putting up with corruption, waste, and toxic externalities "just because".
the crazy times part is that the gun-totin freedom lovin americans refuse to do jack shit about it.
i believe the term is "chickenhawks"
Now that the entire justice system is broken, the American system is being dismantled and looted.
2024 was fatal. Enjoy the slide into the abyss.
Ultimately only congress and scotus can intervene. But America decided to vote in the January 6 guy and a congress that wouldn't serve as a check on his power.
-- Joseph de Maistre, 1811
What exactly did they do to deserve this?
Sounds like he'd love Trump, then
As this president likes to say,”A disgrace”. And every accusation is a confession.
Elections have consequences.
The markets are very headline driven these days because Trump is a prolific poster and is highly unpredictable. This is basically him selling preferential access to market moves that he himself generates.
It's truly an unprecedented level of grifting happening.
The music on this sinking ship will keep playing till the very end. It's a decline. There is no observable way up from this point.
The mid terms?
Split houses means that anything bad can be blamed on the blue house.
Honestly, if you think the GOP isn't currently serving the country's interests you kinda have to hope they aren't given a scapegoat this fall.
1. The situation I imply is way broader: it includes corporate favoritism, epstein files people not getting cosequences, cricular investment of the hyperscalers, illusion of AI boom where the president is just a cherry on top. Swap the cherries, and next ones will keep doing what current ones showed is possible and brings no consequences. Add money-printing, war which can't be won, debt growth etc etc. So yes, I don't see good way up from this point. Even with completely midterms lost by trump supporters the major block of problems stays on the table.
2. The mid terms may not result in trump weakening. There are number of scenarios where trump's team/supportes keep major control or even expand it (emergency powers, military or federal interference, or good old intimidation).
I'm really sorry, but it really does look like we may have had our last actual election already.
There’s not a single respectable politician. Obama was worth $1-2M before he became president, and is now worth $70M+.
He and his staff can plan out specific utterances that are substantial for moving the markets - endless feedback loop ?
...
> The company, which launched its social media app in 2022, said some firms have been copying its data for months without permission.
> McGurn warned that Trump Media will soon block these methods, forcing firms to buy the official feed instead.
This looks like it is monetizing and organizing scrapers. Isn't basically everyone doing this with data feeds these days?
At best this just gives a few milliseconds head start to subscribers and cracks down on automation. I would be shocked if NYSE, etc. don't already have premium tiers with faster market data and those feeds are certainly paid APIs. It's known that HFT shops will co-locate, for example, to have low latency.
This looks really bad, but if it were X and not Truth Social, there wouldn't be anything to see. It goes to the underlying issue of Trump owning and trying to profit from Truth Social generally.
So the US president has created a wrapper corporation that sells early access to official government communications. It doesn't matter if it's only milliseconds, that's enough for trading systems to make money.
How can any of this be legal in a democracy?
The second makes sense for an arms-length news service.
https://s3.amazonaws.com/b2icontent.irpass.cc/2660/rl168199....
(via CBS News: https://www.cbsnews.com/news/truth-api-trump-media/)
So it seems to be precisely as nefarious as BBC reported.
https://investingnews.com/trump-media-and-technology-group-l...