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June 05, 2024 08:00 AM UTC

Wednesday Open Thread

  • 18 Comments
  • by: Colorado Pols

“I shall allow no man to belittle my soul by making me hate him.”

–Booker T. Washington

Comments

18 thoughts on “Wednesday Open Thread

    1. Something about that poll just doesn't seem right to me, but I skimmed the Kaplan release and a few things stand out. The Buell boo-boo would have cost many politicians dearly, not that many years ago, but her name recognition in this poll was off the charts. No such thing as bad press, I guess. 41% said she had good character and judgment!

      About 50% had not heard of Sonnenberg, despite 16 years serving people in the 4th in the state legislature. Y'know, doing the peoples' work in the actual area in which the voters live. Charlie Brown say auuuggghhh….

      This poll still had 40% undecided, which like Ace Ventura suggests that they're saying there's a chance. But hoo-hah, it's way too close to the election to have those overall polling numbers, if they're really representative of the electorate.

      1. The poll does seem a little suspect to me (343 people), but I have to admit I am quite biased, which could be part of it.

        My feeling that as long as we don't get another Trump term I could tolerate Bobo's idiocy for a while longer. She can't really do that much damage other than neglecting the constituents of CD4, while the orange turd could actually ruin this country for good. I would take that in trade. 

          1. True 2Jung. But it also would be possible for that to backfire on her, and have her end up in a Jenna Ellis FAFO situation. That would be rich.

  1. WOTD "Elon Musk Cargo Cult". Brad de Long.

    Last week I imagined a venture capitalist blogging about GameStop in 2027, writing “The thing I like about GameStop is not its underlying cash flows, but the fact that it is a scarce digital store of value.” I was kidding, but one thing that I have learned in recent years is that everything is simultaneously a joke and serious.

    Also Elon Musk tweeted about GameStop, and the way finance works now is that things are valuable not based on their cash flows but on their proximity to Elon Musk. A better anthropologist than me should probably take a look at this phenomenon. Musk is the richest person in the world, and in a dynamic, fun, traveling-to-Mars sort of way. It makes sense that his pronouncements have a certain religious character, that his tweets can endow arbitrary objects with mana. If the richest person in the world tweets “Gamestonk!” then I think that means that, if you buy GameStop stock, you will partake in his wealth and dynamism at a remove; you will get rich and have fun doing it. (Not! Investing! Advice!)… Surely at some subconscious level people want to order their lives in accordance with the cryptic instructions of a charismatic flying zillionaire.

    So, “Gamestonk!” And red satin shorts blessed by Musk sell at a huge markup on Ebay. And I have written about Signal Advance Inc., a penny stock that soared 5,100% after Musk tweeted “Use Signal,” about an entirely unrelated app. That stock is still up 350% from where it was before Musk tweeted a month ago. It is an Elon Musk cargo cult; a coordination game—“if we all buy this it will go up, so let’s all buy it”—inspired by an arcane reading of apocryphal Musk scripture.

    Also Tesla Inc. stock trades at 1,210 times trailing earnings, is another fact that might be relevant here.

    Anyway Dogecoin is up: “Dogecoin, the tongue-in-cheek cryptocurrency featuring a Shiba Inu dog as a mascot, briefly touched a record Monday after billionaire Elon Musk, rapper Snoop Dogg and Kiss bassist Gene Simmons tweeted about it…. “A market capitalization of $10.5 billion during Asian trading hours Monday before pulling back…”. And here is Billy Markus, who built Dogecoin in 2013: “‘The idea of dogecoin being worth 8 cents is the same as GameStop being worth $325’, said Mr. Markus, 38 years old. ‘It doesn’t make sense. It’s super absurd. The coin design was absurd.’” That same article notes: “A vocal group of buyers on Reddit have made it their mantra to push dogecoin to $1.”

    Dogecoin is GameStop stripped of all the distracting reality.

    1. "Money and value are artifacts of social relationships; why shouldn’t their meaning change as social media warps our brains and our society? Money and value are coordination games; what we use for money depends on the channels that we use to coordinate social activity. Once society was mediated by governments, and we used fiat currency. Now society is mediated by Twitter and Reddit and Elon Musk, so, sure, Dogecoin"

  2. WOTD2. Mahablog.

    House Republicans are just baboons throwing feces as far as I’m concerned. Some might consider that comparison an insult to baboons.

  3. Buh-Bye Epoch Times. also Mahablog.

    Falun Gong is a Chinese religious movement that also produces those Shen Yun music and dance extravaganzas you must have seen advertised on the TV. Falun Gong was horribly persecuted in China and now has its headquarters in New York state somewhere, I understand. I used to be sympathetic to them until I found out the organization is behind right-wing extremist politicians here and in Europe. So they came West for freedom and are working to destroy freedom. I appreciate why they would be anti-Communist, but neo-facsism isn’t an improvement.

    Let’s just hope Epoch Times shuts down.

  4. Sadly, going nowhere fast.

    Appeals court halts Trump’s criminal proceedings in Georgia amid scrutiny of Fani Willis – POLITICO

    My guess is that the Florida documents case (or as Trump calls it, "Box Hoax") will be the next case to be resolved.

    If Trump wins in November, he'll simply have AG Paxton move to dismiss the indictment come January.

    If Trump loses the election, the case goes forward, after Jack Smith's team presents all its evidence, the defense moves for judgment of acquittal and Judge Cannon grants their motion taking the case away from the jury. And Trump cannot be retried because it implicates double jeopardy.

     

    1. Fani Willis deserves some blame for creating an appearance of impropriety that has fostered the delay due to the proceedings on whether the DA and special prosecutor should be disqualified.  But even without that snafu, the reality is that a multi-defendant state RICO case was not going to get to trial before the 2024 election under any circumstances.  I'm sure discovery is still funneling from the prosecution to the defendants now.  

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