I’m live on radio now. Tune in here. Welcome! This will be somewhat abridged today as I’m actually doing the full thing myself. Someone is at the hospital awaiting the arrival of his son. I personally didn’t think I gave off days for stuff like that, but my wife gave me that stern look.
Given that so high a percentage of tech startups and their investors were banking at Silicon Valley Bank, I can see why FDIC had to bail out the bank's depositors above the $250 thousand limit.
What I don't understand is why FDIC funds are making up 100% of the losses.
Why 100%?
Why not bail the bank's $250+ thousand customers to, say 90%, 85% or 80% of their deposits? That ought to not only have stemmed a national bank panic but also put foolhardy large depositors sufficiently on notice in the future to keep a wary eye on the governance of the banks in which they've placed their deposits. Silicon Valley Bank's managers screwed up six ways from Sunday in a highly visible way. Their depositors need to experience some pain.
Erick, you are moving forward in the broadcast industry and we’re very proud of that because you definitely deserve it. Right now, you are highly deferential and aligned with establishment republicanism. I trust that just like Rush, Hannity and so many others like them, you will reach the point where the Republican Party will deeply fail you, and you’ll shift to the right to a degree. But until then, you must realize that when DeSantis appeared in public with Jeb!, he permanently lost a million Trumpian and/or conservative voters. In his slow movement away from Trump, Pence has done the same. The lesson: stop calling conservatives mad. They are mad, not mad. If you establishment Republican pundits don’t learn to include Trumpian and conservative voters, the Republican Party will continue to flail, if not fail.
While I think it is rather silly for anyone to turn on DeSantis because he was apparently seen with Jeb Bush, I otherwise agree with you that this constant rant against conservatives who don't line up with the establishment is going to cost republicans in every election. Eric insists on calling this group of people crazy, assholes, and a number of other names in spite of being told that it is not a good idea. Anyone who thinks it was "bad" republican candidates that caused the "red wave" to turn into a "red trickle", is not reading the room. Especially when one looks at what was elected instead of the so called "bad republican candidate".
Totally agree! Shaming Trump supporters will not garner votes for his opposition. Eric needs to learn that you catch more flys with honey than with vinegar. But I think the appearance with Jeb! was more complicated than that. The total failure of the Jeb! candidacy was our society's full rebuke of the Bush Dynasty because of its manifest soft-left liberal political philosophy, to wit, Establishment Republicanism. Many Trumpians and conservatives interpreted DeSantis' appearance with Jeb! as - if not a full embrace - at least some level of acceptance of that political philosophy. DeSantis had to know that going in. I therefore believe that that is exactly the message DeSantis was trying to convey by standing with Jeb!
Except sometime you have to shed some dead weight if you want to move forward. That is just a brutal truth in life.
Most Trump supporters need to be ostracized and marginalized. Notice I did not say voters...plenty of people held their nose and voted for him as a better option to Clinton or Biden.
Trump is not the future of the GOP, and no one should want him to be. It is time to start looking forward and that means a clear agenda. Hating the woke left is not an agenda, and that is all Trump supporters have.
Erick is right...Trump supporters are angry. And angry doesn't play well.
What’s the difference between a “supporter” and a “voter.” And why should Trump supporters be subject to derision? Because you falsely accuse them of hating “woke?” In reality, Trump supporters are supporting his policies, not his perceived behavior. And you’re wrong, your “shedding dead weight” is better defined as “not voting for establishment Republicans,” and that’s what held the Republican Party back from its expected gains In 2022. Are conservatives who don’t support Trump as evil as the Trump supporters? As you are coming from the left, I expect your answer in the affirmative.
"...why should Trump supporters be subject to derision?...
Trump supporters are supporting his policies, not his perceived behavior."
To answer the first question, because the second statement is a lie. If it were true Trumpers would listen to the other candidates who will carry forward Trump's policies without the drama.
Trumpers cheer his behavior. It is part and parcel to Trump's policies, you want both.
Never mind Trump lost because of his actual (not perceived) behavior, and his 2022 candidates lost in part because of him. That part specifically being they were perceived as his brand of unstable, and Trump backed low quality candidates.
Amen! Trump was elected precisely because of his style! It is what supporters wanted. It was all about style for his supporters...it is Trump voters that supported the policies in spite of his style.
Supporters have MAGA hats and bumper stickers. Especially now, after how he behaved following his loss in 2020. Yes, his loss in a fair election. Which is why they deserve derision...I feel about them the same way I feel about people that still believe the Russian collusion lie.
Voters make a pragmatic choice to support the less worse option.
Stephanie Ruhle Tweet: I doubt any of these leftist will acknowledge the "bipartisan" nature of the bill passage as 33 democrats crossed party lines and helped pass the 2018 bill they will all use to blame trump for all of this. SOx was/is horrible law and should never have happened, imo.
China: The Federal government is stockpiling medical supplies in preparation for war. If you doubt it, contact the big suppliers and ask them where all their supplies are going. They are out of lots of really basic stuff like things to treat bullet wounds.
Granholm and China: Definition of zero intellectual honesty. Zero.
Stolen Election Crowd: I have zero energy for you people who think the election was stolen. From 2016 to 2020 we made fun of everyone who couldn't come to terms with HRC's loss. We are in the second term of Hillary Will Never Be President and I'm tired of you. I now make fun of your lack of intellectual capacity to play the long game. That, or you are a Russian Troll. Either way, I can't take you seriously on any subject as long as you carry forth this idea the election was stolen.
Pence: He won't be the nominee or the VP. Why is he in the race at all?
Juarez/El Passo: Watch the crowd. Lots of people recording the event. This was planned and orchestrated by powers not in that crowd. I wonder who was in that crowd that wasn't noticed or reported about?
Stanford: Why isn't the GOP seeing the school choice issue as a winning and defining issue of our time post-Roe? It smacks of either idiocy or collusion (there's that word again.)
I hadn't considered that his one and only job would be to ravage Trump and bring him down. That strikes me as something Mike Pence wouldn't sign on to do by what little I know of the man. However, it is a distinct possibility. Good call. Thanks.
Good banking advice might be to avoid any bank that thinks crypto is a valid asset. Your money is likely more secure invested in old baseball cards or vinyl LPs than in crypto, where value and fungibility move unpredictably every time the wind blows.
"The stolen election crowd whose candidates lost in 2022 are pushing the same losing candidates in 2024"
Why does the political media chattering class ignore the Twitter Files? So they don't believe in other life in the universe, an alien spacecraft lands in their yard, kills their dog and steals their wife... and they just get up for work every morning like nothing happened?
The 2020 and the 2022 elections where most certainly stolen as the entire uniparty-aligned government, corporate media and big tech colluded, and is still colluding, the put massive thumbs on the scale of our democracy. I think the reasons establishment Republicans stick their heads in the sand over this is because of mean Tweets. It is a sorry and sad response given the consequences and implications. It really has me asking if establishment Republicans are really as principled as they like to think they are.
I would like to hear Erick’s explaining why the GOP voters in Georgia seem mostly immune to the kind of crazy conspiracy addicted folks that threaten to lose again in several other states. Those outside Georgia might point to that nutty congresswoman from NW Georgia, but her supporters clearly don’t control a state party where Kemp won so handily.
Balancing depositor safety and moral hazard:
Given that so high a percentage of tech startups and their investors were banking at Silicon Valley Bank, I can see why FDIC had to bail out the bank's depositors above the $250 thousand limit.
What I don't understand is why FDIC funds are making up 100% of the losses.
Why 100%?
Why not bail the bank's $250+ thousand customers to, say 90%, 85% or 80% of their deposits? That ought to not only have stemmed a national bank panic but also put foolhardy large depositors sufficiently on notice in the future to keep a wary eye on the governance of the banks in which they've placed their deposits. Silicon Valley Bank's managers screwed up six ways from Sunday in a highly visible way. Their depositors need to experience some pain.
Erick, that process can take 3 to 6 days, so just tell charlie to hold on and sleep when he can!
Erick, you are moving forward in the broadcast industry and we’re very proud of that because you definitely deserve it. Right now, you are highly deferential and aligned with establishment republicanism. I trust that just like Rush, Hannity and so many others like them, you will reach the point where the Republican Party will deeply fail you, and you’ll shift to the right to a degree. But until then, you must realize that when DeSantis appeared in public with Jeb!, he permanently lost a million Trumpian and/or conservative voters. In his slow movement away from Trump, Pence has done the same. The lesson: stop calling conservatives mad. They are mad, not mad. If you establishment Republican pundits don’t learn to include Trumpian and conservative voters, the Republican Party will continue to flail, if not fail.
While I think it is rather silly for anyone to turn on DeSantis because he was apparently seen with Jeb Bush, I otherwise agree with you that this constant rant against conservatives who don't line up with the establishment is going to cost republicans in every election. Eric insists on calling this group of people crazy, assholes, and a number of other names in spite of being told that it is not a good idea. Anyone who thinks it was "bad" republican candidates that caused the "red wave" to turn into a "red trickle", is not reading the room. Especially when one looks at what was elected instead of the so called "bad republican candidate".
Totally agree! Shaming Trump supporters will not garner votes for his opposition. Eric needs to learn that you catch more flys with honey than with vinegar. But I think the appearance with Jeb! was more complicated than that. The total failure of the Jeb! candidacy was our society's full rebuke of the Bush Dynasty because of its manifest soft-left liberal political philosophy, to wit, Establishment Republicanism. Many Trumpians and conservatives interpreted DeSantis' appearance with Jeb! as - if not a full embrace - at least some level of acceptance of that political philosophy. DeSantis had to know that going in. I therefore believe that that is exactly the message DeSantis was trying to convey by standing with Jeb!
Except sometime you have to shed some dead weight if you want to move forward. That is just a brutal truth in life.
Most Trump supporters need to be ostracized and marginalized. Notice I did not say voters...plenty of people held their nose and voted for him as a better option to Clinton or Biden.
Trump is not the future of the GOP, and no one should want him to be. It is time to start looking forward and that means a clear agenda. Hating the woke left is not an agenda, and that is all Trump supporters have.
Erick is right...Trump supporters are angry. And angry doesn't play well.
What’s the difference between a “supporter” and a “voter.” And why should Trump supporters be subject to derision? Because you falsely accuse them of hating “woke?” In reality, Trump supporters are supporting his policies, not his perceived behavior. And you’re wrong, your “shedding dead weight” is better defined as “not voting for establishment Republicans,” and that’s what held the Republican Party back from its expected gains In 2022. Are conservatives who don’t support Trump as evil as the Trump supporters? As you are coming from the left, I expect your answer in the affirmative.
"...why should Trump supporters be subject to derision?...
Trump supporters are supporting his policies, not his perceived behavior."
To answer the first question, because the second statement is a lie. If it were true Trumpers would listen to the other candidates who will carry forward Trump's policies without the drama.
Trumpers cheer his behavior. It is part and parcel to Trump's policies, you want both.
Never mind Trump lost because of his actual (not perceived) behavior, and his 2022 candidates lost in part because of him. That part specifically being they were perceived as his brand of unstable, and Trump backed low quality candidates.
Well, the last thing I'm going to do on this particular thread is argue with a dumb leftist. That's what God and Mark Zuckerberg gave us Facebook for.
Amen! Trump was elected precisely because of his style! It is what supporters wanted. It was all about style for his supporters...it is Trump voters that supported the policies in spite of his style.
Supporters have MAGA hats and bumper stickers. Especially now, after how he behaved following his loss in 2020. Yes, his loss in a fair election. Which is why they deserve derision...I feel about them the same way I feel about people that still believe the Russian collusion lie.
Voters make a pragmatic choice to support the less worse option.
I never called anyone evil.
And your take on the 2022 midterms laughable.
Stephanie Ruhle Tweet: I doubt any of these leftist will acknowledge the "bipartisan" nature of the bill passage as 33 democrats crossed party lines and helped pass the 2018 bill they will all use to blame trump for all of this. SOx was/is horrible law and should never have happened, imo.
China: The Federal government is stockpiling medical supplies in preparation for war. If you doubt it, contact the big suppliers and ask them where all their supplies are going. They are out of lots of really basic stuff like things to treat bullet wounds.
Granholm and China: Definition of zero intellectual honesty. Zero.
Stolen Election Crowd: I have zero energy for you people who think the election was stolen. From 2016 to 2020 we made fun of everyone who couldn't come to terms with HRC's loss. We are in the second term of Hillary Will Never Be President and I'm tired of you. I now make fun of your lack of intellectual capacity to play the long game. That, or you are a Russian Troll. Either way, I can't take you seriously on any subject as long as you carry forth this idea the election was stolen.
Pence: He won't be the nominee or the VP. Why is he in the race at all?
Juarez/El Passo: Watch the crowd. Lots of people recording the event. This was planned and orchestrated by powers not in that crowd. I wonder who was in that crowd that wasn't noticed or reported about?
Stanford: Why isn't the GOP seeing the school choice issue as a winning and defining issue of our time post-Roe? It smacks of either idiocy or collusion (there's that word again.)
There are my thoughts. I welcome yours.
Maybe Pence sees his role as beating up Trump (with great personal justification) so others who might get the nomination don’t have to. Who knows?
I hadn't considered that his one and only job would be to ravage Trump and bring him down. That strikes me as something Mike Pence wouldn't sign on to do by what little I know of the man. However, it is a distinct possibility. Good call. Thanks.
He was so loyal yet probably feels totally betrayed. He might consider Trump a danger to the chances of beating “Biden.”
I doubt if he thinks he has a real chance at the nomination.
Good banking advice might be to avoid any bank that thinks crypto is a valid asset. Your money is likely more secure invested in old baseball cards or vinyl LPs than in crypto, where value and fungibility move unpredictably every time the wind blows.
"The stolen election crowd whose candidates lost in 2022 are pushing the same losing candidates in 2024"
Why does the political media chattering class ignore the Twitter Files? So they don't believe in other life in the universe, an alien spacecraft lands in their yard, kills their dog and steals their wife... and they just get up for work every morning like nothing happened?
The 2020 and the 2022 elections where most certainly stolen as the entire uniparty-aligned government, corporate media and big tech colluded, and is still colluding, the put massive thumbs on the scale of our democracy. I think the reasons establishment Republicans stick their heads in the sand over this is because of mean Tweets. It is a sorry and sad response given the consequences and implications. It really has me asking if establishment Republicans are really as principled as they like to think they are.
I would like to hear Erick’s explaining why the GOP voters in Georgia seem mostly immune to the kind of crazy conspiracy addicted folks that threaten to lose again in several other states. Those outside Georgia might point to that nutty congresswoman from NW Georgia, but her supporters clearly don’t control a state party where Kemp won so handily.
I don’t share your optimism. Leadership at the county and state level could use improvement.
Fulton Cobb and Cherokee all put populist, grass roots activists in charge Saturday.
You get Erick for free, but you gotta subscribe for Philip. (He’s worth the price.)