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Wednesday October 4th – Open Thread

Our Father, who art in heaven, hallowed be thy Name. Thy kingdom come. THY WILL BE DONE, on earth as it is in heaven. Give us this day our daily bread. And forgive us our trespasses, as we forgive those who trespass against us. And lead us not into temptation, but DELIVER US FROM EVIL.

For Thine is the kingdom and the power and the glory, forever and ever. Amen †

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Kevin McCarthy Tells Republican Caucus He Will Not Seek Speakership Again – Here’s My Thoughts

According to multiple DC media sources, a quiet effort is underway by members of the professionally republican mindset to kick Matt Gaetz out of the House Republican caucus.  However, the advocates worry they will be primaried by voters in their district, as the population of Republican voters supports Gaetz.  It is a duplicitous dynamic.

Meanwhile, Kevin McCarthy has told his Republican conference that despite prior statements, he will not attempt to become the House Speaker again and will instead retire to his home district in California.

No one is quite sure what comes next; what is clear is that Gaetz has channeled the frustration of the Republican/MAGA base into an actionable result.  This should not come as a surprise to the GOPe, although many of the cloistered clan continue pretending not to understand the dynamic at play.

Allow me to provide some simple clarity.

In 2009 72% of the country, and an even larger percentage of the Republican voters, did not want Obamacare.  The govt takeover of healthcare was along purely ideological grounds.  For the 2010 midterm election, the professional Republican apparatus campaigned on this single issue – repeal Obamacare.  The voters destroyed the Democrats and flipped 67 seats to Republican control.  The professional Republicans wanted the House, frustrated American voters gave it to them.

The Republicans did nothing.

In 2012, the professional Republicans campaigned on retaining the House and asked to begin a process of taking down the Democrat control of the Senate. Remember, it was a 60/40 Senate when the Obamacare boondoggle was begun.  Keep the House, help us take Senate seats, and we will repeal Obamacare and balance the budget.  That was the call of the 2012 professional Republicans.  The voters delivered.  The GOPe kept the house, took 6 seats in the Senate and introduced a wave of fresh Republican blood.

The Republicans did nothing.

In the 2014 midterm election, the professional Republicans campaigned on retaining the House and now flipping the Senate with more GOP seats.  Keep the House, give us the Senate majority, and we will repeal Obamacare and deliver a balanced budget.  The voters again delivered.  Beginning in January 2015, the Republicans controlled the House and the Senate majorities for Obama’s last two years.

The Republicans did nothing.

Worse still, even with professional Republican control of both chambers of congress, President Obama never had to use his veto pen.

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Maryland Resident Sworn in as Senator From California

In this short video below, Maryland resident and advocate for female, black, lesbian, abortion and union priorities, Ms. Laphonza Butler, is sworn in by Senate President Kamala Harris as the next progressive Senator from California.

Do not miss the very end of the video, where the entire Senate erupts in cheers, applause and a standing ovation.  WATCH:

The institutions have collapsed.

Broken Arrow!

Get comfortable being uncomfortable.

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President Trump Delivers Brief Remarks During Day Two of NYC Civil Trial

President Trump delivered remarks to the assembled media in New York City on day two of the civil proceedings against his business interests in New York.

The essential and key point raised by President Trump in his remarks below, is something we have noted and emphasized. All the banks and lenders did their own due diligence on financing terms with Donald Trump.  All operational loans and Trump Org. business loans were paid back.  There were no defaults or banking interests adversely impacted. There are no victims of what the State calls “fraud,” yet this judge is ruling the Trump organization must dissolve all business interests in the state and exit within 10 days.

New York Attorney General Latisha James campaigned for office with promises to target the Trump Organization and Donald Trump himself.  This is malicious Lawfare in the extreme and regardless of this specific judge’s rulings, the appellate division is likely to intervene.  WATCH:

Additionally, Judge Arthur Engoron admonished President Trump for posting information on his social media account critical of court clerk Allison Greenfield.

“Personal attacks on members of my court staff are unacceptable, inappropriate and I will not tolerate them in any circumstances. Consider this statement a gag order forbidding all parties from posting, emailing or speaking publicly about any of my staff,” Engoron said. “Failure to abide by this order will result in serious sanctions.”

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The Rebellion Is Alive – Matt Gaetz Succeeds, Kevin McCarthy Has Been Removed as House Speaker

In a historic first the House of Representatives has voted to remove Kevin McCarthy from his position as Speaker of the House.

Kevin McCarthy is officially removed.

[SOURCE]

WASHINGTON DC – Democrats joined with Rep. Matt Gaetz (R-Fla.) and his small group of conservative allies to vote to strip Kevin McCarthy of his gavel Tuesday. It’s unclear who would succeed McCarthy long term, though his allies expect he will try to run for speaker again.

Eight Republicans voted against McCarthy: Reps. Eli Crane (Ariz.), Ken Buck (Colo.), Andy Biggs (Ariz.), Matt Rosendale (Mont.), Matt Gaetz (Fla.), Bob Good (Va.), Nancy Mace (S.C.) and Tim Burchett (Tenn.).

Three House leaders have been floated as potential long-term replacements: Majority Leader Steve Scalise (R-La.), Whip Tom Emmer (R-Minn.) and Conference Chair Elise Stefanik (R-N.Y.). All three have disavowed any interest in replacing McCarthy — a reality that could change now that the Californian is officially out. (read more)

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Livestream – The Big Ugly Is Raging – The House of Representatives Debates the Removal of Kevin McCarthy

The House of Representatives is currently debating the removal of House Speaker Kevin McCarthy.  Earlier today, Democrats unanimously joined with Rep. Matt Gaetz (R-Fla.) and 11 conservatives to support advancing the speaker’s removal.    Now Matt Gaetz is defending himself.

(Via Politico) – The Republicans who voted to proceed to a final vote on evicting McCarthy were Reps. Warren Davidson (Ohio), Eli Crane (Ariz.), Ken Buck (Colo.), Victoria Spartz (Ind.), Andy Biggs (Ariz.), Matt Rosendale (Mont.), Matt Gaetz (Fla.), Bob Good (Va.), Nancy Mace (S.C.), Tim Burchett (Tenn.) and Cory Mills (Fla.). Spartz has already said she plans to flip her stance and ultimately support keeping McCarthy on.

The House is expected to take a final vote on McCarthy’s leadership Tuesday afternoon.  Livestream Link:

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Tucker Carlson and Victor Davis Hanson Discuss the Targeting of Donald Trump by a Corrupt and Weaponized Government

For his latest episode and discussion, Tucker Carlson outlines how and why the U.S. Government is targeting President Donald Trump in a full-frontal effort to remove him from the American political landscape.  {Direct Rumble Link}

Tucker is joined by Victor Davis Hanson who expands on the insight to explain how we are in a revolutionary phase in American politics.  Every government weapon is being deployed against President Trump to take his wealth, destroy his family, remove his political viability and lock him in a prison cell. WATCH:

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A Strong Possibility Twitter Will IPO and Go Public Again, Here’s Why

I wasn’t going to write about this, but so many requests and contacts have come in, and considering that my background conversations with people are leading to actionable positioning, that I feel it is only fair to share publicly what I am analyzing privately.

The predicate for all assumptions is several fold: {Go Deep One} and {Go Deep Two}. Most of the financial groundwork for analysis already exists. In summary, Elon paid $44 billion for the platform. Current valuations are around $15 billion.  Current debt service is $1.5 billion/yr (roughly $100m/mo).  Current expenses include $100m/yr AWS, $100m/yr Goog cloud (both contracts), +payroll and misc.

Approximately 9 months ago, Musk had $1 billion in cash reserve for Twitter.  The burn rate deficit was roughly $100m/month. That put timeline estimates for an inflection point on/around October 2023.  It is now October 2023.

Approximately a week ago, Twitter CEO Linda Yaccarino made a bold statement.  Yaccarino stated that from her review of the current status, Twitter would start to turn a profit in the first quarter of 2024 {link}.  However, with $100 million per month in debt service alone, this statement seemed too far of a stretch.  At pre-musk levels of revenue, maybe; but that $1.5 billion debt service is a heavy nut to carry.

Timing – Remember, it’s October.  Last Friday, the Securities and Exchange Commission (SEC) gave special regulatory approval to Bill Ackman’s firm, Pershing Square (hedge fund), for a new investment vessel called SPARC, whose purpose is to invest in private companies in order to take them public.  As noted by CNBC, “In a SPARC, investors will know what company the financing vehicle would be used to merge with before they have to pledge their investments.”  The financial mechanism avoids some of the issues with typical IPO’s.

•It’s October, inflection time.  •Yaccarino says a strategy is underway for profitability in Q1 2024.  •Ackman gets SPARC approval, and then suddenly:

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October 3rd – 2023 Presidential Politics – Resistance Day 987

In an effort to keep the Daily Open Thread a little more open topic we are going to start a new daily thread for “Presidential Politics”. Please use this thread to post anything relating to the JoeBama Administration and Presidency.

“This is no small thing, to restore a republic after it has fallen into corruption. I have studied history for years and I cannot recall it ever happening. It may be that our task is impossible. Yet, if we do not try then how will we know it can’t be done? And if we do not try, it most certainly won’t be done. The Founders’ Republic, and the larger war for western civilization, will be lost.”

“But I tell you this: We will not go gently into that bloody collectivist good night. Indeed, we will make with our defiance such a sound as ALL history from that day forward will be forced to note, even if they despise us in the writing of it.”

~ Mike Vanderboegh

This thread will refresh daily and appear above the Open Discussion Thread.

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Tuesday October 3rd – Open Thread

Our Father, who art in heaven, hallowed be thy Name. Thy kingdom come. THY WILL BE DONE, on earth as it is in heaven. Give us this day our daily bread. And forgive us our trespasses, as we forgive those who trespass against us. And lead us not into temptation, but DELIVER US FROM EVIL.

For Thine is the kingdom and the power and the glory, forever and ever. Amen †

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