US politics - fried (part 5)

"Trump Media & Technology Group, which trades under the ticker DJT, slipped on Wednesday to below $50 per share, extending a steep decline this week that pulled the stock down from its high near $80 and erased more than $2 billion of market value.

Trump Media is the most “shorted” special purpose acquisition vehicle in the country, according to the financial data company S3 Partners. Short-sellers bet that the price of a stock will fall. They do that by borrowing shares of a company and selling them into the market, hoping to buy them back later at a lower price, before returning the shares to the lender and pocketing the difference as profit.

The demand to short Trump Media, the parent company of the social media platform Truth Social, is so great that stock lenders can charge enormous fees, making it hard for short-sellers to turn a profit unless the shares fall significantly. Still, there is a lot of interest in taking the bet.

“They are looking for this stock to crater and crater very quickly,” said Ihor Dusaniwsky, managing director of predictive analytics at S3."

Joe Rennison, NYT- April 3rd 2024.

Juat bury this sham of a business.

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So, who in this thread actually, genuinely thinks that Trump is a lesser evil of the two candidates?

Because even adopting the false equivalency that Biden and Trump are the same level of cognitive incompetence is giving tacit support to the most dangerous man that anyone has ever tried to put into the White House.

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Nobody who posts here regularly

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Yeah, I’m not so sure about that.

But I’m not expecting anyone to admit to it, either.

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I’m still waiting on someone to argue in good faith the merits of Trump’s policies.

Not even the biggest Trump fans of years gone by could do anything but repeat his rhetoric.

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image

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It’s so frustrating. I have a close mate who came out with the line “yeah trumps no good, but Biden’s more corrupt”. We had to go over it for an hour why he thought that way, and it was pretty much on a vibe.

I know it’s Trump being talked about here but I hate the concept of short selling and think it should be made illegal. Don’t like the stock? Sell it or don’t buy it.

That’s not really what it is.

Let’s say you borrowed a kilo or sugar from me that i paid $5 for. You then sold that sugar to your neighbour for $5… next week sugar was half price, so you bought a kilo to return to me for $2.50.

I’ve got my sugar back and you’ve made $2.50.

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https://www.meidastouch.com/news/trump-posts-multiple-articles-attacking-judges-family-despite-expanded-gag-order

Trump Posts Multiple Articles Attacking Judge’s Family Despite Expanded Gag Order

Trump tests expanded gag order

On Truth Social Wednesday, Trump posted three articles attacking Judge Merchan and his family, in the span of a few minutes testing the new, expanded gag order in his Stormy Daniels hush money case. The articles mention Judge Merchan, his daughter, and his wife.

Two of the articles are from far right Trump ally and conspiracy theorist Laura Loomer, who has been pushing a claim that a dubious Twitter account belongs to Judge Merchan’s daughter. One of the articles includes an image of the judge’s daughter on the cover, which is included in Trump’s posts.

The article attacks both Merchan’s daughter and wife, claiming that improper payments and relationships with Democrats and prosecutors exist. Loomer’s second article posted by Trump continues the attack on Merchan’s daughter.

Trump also posted an article from pro-Trump commentator Gregg Jarrett, which was also critical of the gag order and attacked Judge Merchan and claimed Merchan’s daughter “is also fair game for criticism.” Jarrett argues there is “no evidence” that Trump’s attacks on the judge’s family will lead to threats.

Garrett argued that Judge Merchan and District Attorney Alvin Bragg are “making a mockery of ethical standards” by having Trump gagged. Judge Merchan warned in the expanded gag order that Trump’s failure to abide could cause Trump to “forfeit any statutory right he may have to access juror names.” Trump could also be held in contempt of court.

There seems to be no penalty for breaking a gag order by Trump.

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I actually think he is deliberately tempting someone to try and jail him. He will then claim a sort of martyrdom from which he can show that he is a political prisoner. He hopes it will lead to a Jan 6 type of riot. He often uses his cult as a threat.

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Yeah but it sets up a situation where people or organisations try to manufacture that situation.

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Yep, add it to the list. :grin:

There are forecasting bureaus who’ve been known to publish false reports to cause the price to fall.

Rural Funds Finance was the victim of two firms, one US and one Israeli. If the SEC had a metaphorical wall to put people against, they’d be right at the front of the queue.

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Taylor Swift, ■■■■ Wolf Join The Billionaire Club | Trump Calls Migrants “Animals” | Eclipse Mania

I think Trump’s just happy to be in the news. There are those who will vote, who don’t know much about anything and will simply vote for him because his name has been brainwashed into their memory.
It’s like repetitive advertising.

Trump vs Obama in 28 would be interesting, the law of unintended consequences.

:skull:

"…
Lara Trump said. “We are going to have a legal ballot harvesting operation at the RNC. It’s something that has never been done before.”

Those comments came days after the RNC’s new Trump-backed chairman, Michael Whatley, sent a memo to the body of 168 committee members and party chairs, saying that “encouraging our voters to utilize early voting and vote-by-mail are top priorities as we reorganize the political operation at the RNC.”

But

…since 2016, as the former president has retained an iron grip on the party, he has vacillated between encouraging and discouraging Republicans to take advantage of advance voting.
…"

Cannot post the link.

Trump-backed GOP leaders call for embrace of early and mail-in voting even as former president continues to cast doubt

By Daniel Strauss, CNN

Published 6:14 PM EDT, Thu March 28, 2024

People wait in line to vote early in Lexington, South Carolina, on February 22, 2024.

People wait in line to vote early in Lexington, South Carolina, on February 22, 2024.

Alyssa Pointer/Reuters

CNN —

Top Republican officials have begun making some of their most overt calls yet for the party to better embrace early voting and vote-by-mail options.

In recent TV appearances, memos to keyed-in party officials and public statements, GOP operatives and party leaders have pushed to clear the fog of past statements by Donald Trump casting doubt and discouraging Republicans from voting any other way but on Election Day.

“We’ll have early voting in Michigan for the first time. We’ll take advantage of it,” a top Republican National Committee official said on a press call Thursday. “Mail ballots are not very old in Pennsylvania. We’ll have an opportunity to grow that. Ballot harvesting in Nevada is legal under certain circumstances. We’ll take advantage of it.”

The arguments follow years of at times contradictory statements from the former president about the legality and safety of voting by mail or voting absentee. In recent election cycles, Republican strategists have fretted about their voters’ confidence in early voting options and if those doubts helped boost Democrats in some of the most competitive races across the country in recent election cycles.

In an interview Monday on Fox News, Lara Trump, the former president’s daughter-in-law and the newly installed RNC co-chair, said Republicans had to match Democrats in encouraging their voters to take advantage of early voting and absentee voting options.

“We would love to have one day of voting. We would love to have voter ID and paper ballots. We can get back to that place … but we have to do it by electing Donald Trump at the top of the ticket, expanding our lead in the House and taking back the Senate and maybe we get back there one day. We gotta play the hand that we’re dealt and that means as soon as you can go vote, go vote out there and then you spend your time, every single day from that day on until Election Day, taking people to vote,” Lara Trump said. “We are going to have a legal ballot harvesting operation at the RNC. It’s something that has never been done before.”

Those comments came days after the RNC’s new Trump-backed chairman, Michael Whatley, sent a memo to the body of 168 committee members and party chairs, saying that “encouraging our voters to utilize early voting and vote-by-mail are top priorities as we reorganize the political operation at the RNC.”

“Over half of all voters are expected to vote before Election Day, and we must communicate with them before they vote - whether that is by mail, in-person early voting or on Election Day,” Whatley wrote in the memo obtained by CNN.

Efforts to encourage Republican voters to take advantage of voting early, vote-by-mail options or ballot harvesting – which lets third parties collect and deliver voters’ ballots – are not new. Party lawmakers and strategists have been encouraging Republicans to vote by mail for years. But since 2016, as the former president has retained an iron grip on the party, he has vacillated between encouraging and discouraging Republicans to take advantage of advance voting. Over the same period of time, especially since the Covid-19 pandemic, Democrats have been working to reinforce their party infrastructure for early voting.

“The [Republican] Party does not have a single message about all of this, in contrast to the Democrats, who – at least in 2020 – had a really unified message,” said Barry Burden, the director of the Elections Research Center at the University of Wisconsin-Madison. “And they also developed the infrastructure to figure out how to navigate the 50 state laws and determine who has already voted early and how to reach out to people who have requested absentee ballots but not returned them. That’s very much a state-by-state process.”

“Republicans will have to develop that if they decide they want to push mail voting and early voting or both. My guess is they aren’t there yet. There’s a lot of work to be done if they end up going that route to some degree,” Burden said.

[

Some Republican strategists worry that any moves at this point to match Democrats might be too little, too late.

“I hope that it has improved a bit and that it does improve every cycle, but I have no level of confidence that our advance voting turnout operation as a party is where it needs to be,” said a veteran Republican campaign manager, who requested anonymity to speak frankly. “We ain’t where we need to be. And our nominee is my dear leader, and I love him dearly. But you have an entire segment of our base that is now inherently skeptical of advanced voting.”

An uneven approach

Participation in early voting has varied over the past few election cycles. According to a research paper from the MIT Election Data and Science Lab, 32% of voters cast ballots by mail in the 2022 elections, “down more than 10 percentage points from 2020 and more than doubling the fraction from 2016.” The report, “How We Voted in 2022,” found that 46% of Democrats and just 27% of Republicans said they voted by mail, a change from 60% of Democrats and 32% of Republicans who did so in 2020 at the height of the pandemic.

Republicans’ uneven approach to early voting reached an apex during the pandemic when Trump would regularly cast doubt on the safety and security of voting by mail or voting early. He claimed that massive electoral fraud was underway by Democrats through vote-by-mail options.

“Republicans should fight very hard when it comes to statewide mail-in voting. Democrats are clamoring for it,” he tweeted in 2020. “Tremendous potential for voter fraud, and for whatever reason, doesn’t work out well for Republicans.”

While at other times, Trump – with the prodding of aides and allies – has encouraged base GOP voters to utilize early voting and vote by mail, his skepticism has endured.

In January, after winning the Iowa caucuses, the former president said, “We have to get rid of mail-in ballots because once you have mail-in ballots, you have crooked elections.” He repeated those claims earlier this month in an interview with Britain’s GB News, saying, “Any time the mail is involved, you’re going to have cheating.”

Those remarks stand in contrast to recent Republican pushes to resurrect past confidence in voting before election day. In 2023, as Virginia Gov. Glenn Youngkin crisscrossed his state to boost GOP candidates in the legislative elections, he urged voters to vote by mail or vote early.

“Vote early. Vote early. Vote early,” the governor pleaded during a campaign stop to promote his “Secure Your Vote Virginia” program. “Folks, we don’t know if a child is going to get sick” on Election Day, he continued. “We don’t know if something is going to happen at work.”

“Republicans got to stop sitting on the sidelines and allowing the Democrats to do a better job of voting early. I’m tired of us going into elections down thousands of votes,” Youngkin told Fox News last fall.


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RELATED ARTICLETrump and GOP attempt to reverse course on mail-in voting ahead of 2024

Earlier that year, the RNC, under then-chairwoman Ronna McDaniel, announced a new effort to encourage Republicans to vote ahead of election day. The “Bank Your Vote” program would “encourage voters to pledge to ‘Bank’ their vote, which will activate digital reminders from the RNC on all applicable pre-Election Day voting options,” according to a RNC news release announcing the program. The chairs of the Senate and House Republican campaign arms appointed Tennessee Sen. Bill Hagerty and Florida Rep. Byron Donalds, both Trump allies, as co-chairs of that effort.

Trump himself cut an ad for the Bank Your Vote program in July.

“We may not like the current system but we need to master the rules and beat the Democrats at their own game and then we can make our own rules,” Trump said in the ad. “Republicans must get tougher and fight harder to cast our votes and get our ballots turned in earlier so Democrats can’t rig the polls against us on Election Day. We can not let that happen.”

Currently, the RNC has deployed “political and election integrity directors” in 15 states charged with get-out-the-vote efforts, as well as training poll watchers and recruiting volunteers. The committee says it would be “political malpractice” not to engage in mail or absentee voting in swing states that allow some form of it such as Nevada, Arizona and Wisconsin, among others.

But the danger for Republicans is that disillusionment with mail-in voting or voting early, fueled in large part by Trump, might be too deeply baked into party sentiment. A Pew Research Center analysis of surveys conducted after the 2022 midterms found that 58% of Republican voters were not confident that their mail-in or absentee votes had been counted accurately. For Democrats, 94% expressed confidence that those ballots were counted as intended.

“It’s pretty critical to the overall effort – a very robust early-vote, vote-by-mail operation,” said another veteran GOP strategist and RNC alumnus, stressing that if Republicans don’t invest in early ballot access operations, “there’s just no way that the votes are there.”

“You leave absentee ballots on the table and try to get those people to vote on Election Day, it’s like getting a golf ball through a garden hose,” the strategist said. “So, if it’s terrible weather on election day, you’ve got that October Surprise, whatever it is, those votes are in the bank. So instead of needing a million votes on Election Day, you need 313,000 on Election Day.”