“No matter what cause one defends, it will suffer permanent disgrace if one resorts to blind attacks on crowds of innocent people.”
–Albert Camus
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Heather Cox-Richardson writes about the international campaign against democracy.
Thanks for posting that, PH.
A very succinct explanation of the point our founding fathers were making when they set up the rules. Equality IS THE DIFFERENCE between the rule of kings and the rule of law.
And the mistake so many make when they think a system of inequality would be just fine is that they assume they would be one of the rulers instead of one of the subjects.
They really are saying the quiet part out loud these days:
Hell, yeah, we want to be the master race. Hell, yeah, we want to enforce a patriarchal family model as the “norm”, and call any family that deviates from that norm as unworthy of state protection. Forget equality of women, forget equal protection of LGBTQ people.
You betcha, we want to close our borders to new citizens – except as populations to be quietly victimized and exploited for profit.
Money makes might, and might makes right. Close that vicious circle, and right-wing politics makes more money for the richest and mightiest.
But people all over the world are pushing back…the pro-democracy movement is at the heart of all social change.
Gotta hand it to the Boebs…
Her boys have started populating the nation with white babies. Her 17 year old son is expecting…Granny le Pew Pew is proud!
I'm somewhat interested in the opinion of the 15(?)year-old girl's parents or guardians about this matter. My first thought was statutory rape, but I checked and what happened doesn't seem illegal under Colorado law.
I have a friend with children in the Rifle High School. I’m told the girl just turned 16 so this happened when she was 15.
Meanwhile in the nation’s Bible Belt:
It appears they are immune to both hypocricy and irony.
It keeps 'em amusing tho!
“Whatsoever a man soweth, that shall he also reap.” 3 Elizabeth School Board members threaten to resign, say chaos over CRT and other issues is unproductive:
The stupid, it burns.
Any word on who the new GOP chair is?
From Erik Maulbetsch's Twitter just a few minutes ago, it didn't get settled on first ballot and will go on to a second round.
Just a few minutes ago, again from Twitter just after 3:00, seems like it's down to Williams vs. Aadland.
You mean Tina is not demanding a recount, or a revote, or a rerun of 10,000 Mules?
She is actually accepting defeat gracefully?
Maybe she got a wild hare up her ass and decided to try something new.
Aw, she's got bigger mules to fry!
Williams won, per Colorado Sun. Not trying to take any credit, but a few days ago I wrote that I thought he had a chance, followed by a "gaaahhh" or an "auugghh." Anyhow, here we go!
Williams! This is the guy who lost a primary to one of the most stupid, boring and inept members of the House of Representatives!
Williams leading the GOP?
What could go wrong?
Well, let's consider what Mr. Williams had to say:
I don't speak RWNJ as a native language, but I think what he says shows he
There you have it then…
The Republican party is no longer a viable, major party in Colorado. It has crossed over to the dark side.
I am curious how our die-hard Republican party defenders will handle this.
But, but, but…. The Republican Party is pro-conservation.
And, the trains run on time.
“But…..the Republican party is pro-conservation….”
Awww. Too bad that you apparently got triggered.
I thoroughly enjoyed the sequel, Look Who's Triggered Too.
"defenders will handle this……"
I think it's going to be fun. Williams is such an ass-hole that he'll have a chronic case of "hoof in mouth" disease.
Hoof in mouth in ass disease?
Whatever………
I’m surprised Trump hasn’t labeled him Ron “DeCantis”. (Registration pending)
He hasn't that much imagination.
Stubby Ron.
I am not saying he has a small penis; I am just asking the question.
What a wonderful CHICOM work colony the US will be in 40 years as we double down on dumb and dumber and fight who gets the rice bowl before lights out.
Rice bowl? Dumb and dumber will be lining up to collect their blocks of government cheese.
Mahablog:
“There’s been much snickering about all the Silicon Valley libertarians who hate government regulation but now want the feds to bail out Silicon Valley Bank. Just as there are no atheists in a foxhole, perhaps there are no libertarians in a bank failure.”
The run on 16th largest bank in the US was pre-ordained. De-regulation works as intended, namely to de-regulate.
From Brad DeLong:
On the SVB disaster, this may hurt a lot of people. I was CEO of a start-up (sold it a couple of years ago) and here's what's happening to all the start-ups with money there. In most cases, if that's their bank then it's all their money. Every day there's money coming in, money going out, the financial river of the company flows through the bank.
When you're growing a start-up you're focused on your company. Employees, product, marketing & sales. Money is what you have to keep all that running. But you're not looking at where it's kept, you're not focused on investing the reserves, you're focused on your company.
What's happening now? Companies are worried if they can cover payroll. 250K is not enough if you have say 100 employees. And along with payroll there's marketing expenses because if your marketing campaigns get paused, then your inbound leads dry up. And there's the million other things from rent to restocking the kitchen.
If your credit cards are frozen, then when Google charges you for click ads, it fails. When it fails Google pauses your ad campaigns. There are likely numerous companies that are seeing their ad campaigns get paused right now at Google, Facebook, Amazon, etc. And every day more.
And payments come in via wire transfers. So customers are sending more money in to SVB where it will be frozen. So not only is there not enough money to cover expenses, but income is getting locked up too.
And all the employees at those companies are now wondering if they'll get paid. And if so, when. For employees that live paycheck to paycheck, saying "don't worry, in a week or two it'll all be straightened out" doesn't help. They have rent due tomorrow and the credit card payment is already past due.
Even if SVB is purchased and is open for business Monday morning with full coverage for all depositors, it'll have had a negative impact. For every additional day that goes on the damage increases. And the repercussions will spread out first through the start-up ecosphere and then with less impact to the economy at large.
I appreciate these details. What is moral hazard for 10 points, Vanna?
It isn't that SVB is "too big to fail", rather that the role it plays (specifically) in the startup environment is too "important to fail".
If so, then this bank (and all banks… and all railroads) should have been subject to stringent regulations. Capitalism needs to be regulated.
Note in the link below that 17 Democrats including Colorado's own Michael Bennet voted to deregulate banks.
I don't think they should declare SVB too big to fail. The banks pushed for less regulation for midsized banks, they got it, and so they need to pay the piper.
What I think the feds need to do is resolve this ASAP. Not just the first 250K but as much of it as they can fast. I'm hoping that by Wednesday they're confident enough of the SVB resources to release say 70% of everyone's funds. And figure out the final percentage and release it in 2 weeks.
Also, they need to have another bank acquire and restart all the operations of SVB by Tuesday. And state that incoming money is covered 100% on top of the 250K. Companies need their credit cards turned back on. They need incoming & outgoing wire transfers settling. All of that is giant to the companies there.
Oh, and the Democrats in both houses should introduce a bill this week rolling back the rollbacks signed by Trump. Place the blame for allowing this to happen on Trump and the Republicans. Yes some Democrats voted for it too, but the opportunity is here for the GOP to own this disaster.
Don’t write some clever bill that improves even more, keep it very simple where it undoes the previous bill. Because that will be a good bill and it makes it so easy to place the blame.
More on SVB from Josh Marshall at TPM.
From David Frum – on my end, admittedly posted more for snark value than as comprehensive analysis:
Morning.Afternoon.