Donald Trump, Mike Pence, Mike Konczal discussed on The Majority Report with Sam Seder
Today. Emma is here with me in between her day trading That's just doing on one. Look guys saying no clears the way to go to the office today. She's like check. Read it this morning and nokia. And i'm like really maybe and then and then she's now. This is Emma has now Purchased the entire set and purchased a very small amount of kids stock. But like it's taking all of my willpower not to just refresh refresh refresh refresh. We will we're going to have somebody on in the next couple of days probably next week as explain what's happened but the long and short of it is some people on the Social media i mean i. I don't know if everybody knows what read it is But it is. I think people most people do. It is a Like a berle internet bulletin board type of situation and a little bit and there are a an investment group. They somehow figured out. And maybe this public knowledge. I'm not quite sure that there had been Hedge funds which had gone Short on specific companies in one instance. It was game stop in other words placing bets that some period down the line. The value of that stock was going to be less than it is. Now they make an agreement contract to buy it at a certain price that they perceive will be Less than it is at her. I should say that they're going to deliver them. I should say at a higher price in they can. They can get it between now. And then and some red editors went in and start buying the stock drove the price of the stock up which got other people on board which drove it up even further and These hedge funders ended up losing a considerable amount of money because they had to bow out. Essentially of of their short positions shorts expire on friday. I was just looking that up so they have to then by the stock in order to fulfill the promises they made to deliver them at a lower price right because for their investors. And so that means that if you bought a significant amount of of the game stock came stuck game stop stock. Then you're going to get bailed out by that hedge fund that you kinda lose it so incredible it's nice ac- regular people kind of taking this massive casino back. I'm sure there will be laws that preclude this in the future. But this is what people on wall street have been doing to regular people on a daily basis and now it's just been democratized because of the internet so short getting while you can. I guess putting out her stock tips every morning Lays jazz took to the sports show is going to be very busy. These days So impeachment as we said. The articles of impeachment was delivered the other day by From the house to the senate. And to yesterday ron paul. Excuse me rand. Paul brought a motion to the floor to require a vote on whether or not the impeachment trial is constitutional in and of itself and here. He is delivering that. This impeachment is nothing more than a partisan exercise designed to further. Divide the country. Democrats claim to want to unify the country but impeaching a former president. A private citizen is the antithesis of unity democrats blazingly appointing a pro impeachment. Democrat to preside over. The trial is not fair or impartial and hardly encourages any kind of unity in our country. No unity is the opposite of this travesty. We are about to witness if we're about to try to impeach a president. Where's the chief justice if the accused is no longer president. Where's the constitutional power to impeach him. Private citizens don't get impeached. Impeachment is for removal from office and the accused here has already left office. Hyper partisan democrats are about to drag our great country down into the gutter of rancor and vitriol. the likes of which has never been seen in our nation's history as it for what doing i don't know where Senator paul was during the past four years when we talk about rancor in israel but he missed that part someone someone should probably let him know what's been going on in the country and also what what led us to this point but let's hear a little bit more from him work with their new majorities in the house. The senate and the executive branch democrats are wasting the nation's time on a partisan vendetta against a man no longer in office it's almost as if they have no ability to exist exempt in opposition to donald trump without him as their boogeyman. They might have to legislate and to actually convince americans that their policy prescriptions are. The right ones democrats are about to do something. No self respecting. Senator has ever stooped to democrats are insisting the election is actually not over and so they insist on regurgitating the bitterness of the election. Okay posit that is such an obvious strowman. One democratic senator is insisting that the election is not over. The only people who democrats won the election. Yeah the only people who insisted that the election was over that there was a chance that it could be changed. Were the republicans they are the ones litigating the election for weeks and weeks and weeks and you know what it led to it led to millions upon millions of americans believing that the election was not over. And what did that caused the storming of the capitol building where five people died. This party is talking about rehashing things. They did hearings for years on benghazi when four people died and we all democrats wanted to do was. Hold this guy accountable. It's not just about removal from office. That's ridiculous if you commit a crime in nebraska you can still get tried for that crime. You can have to go back there. Just because he's left. The office doesn't mean that he can't be held accountable for his crimes. Is ridiculous strowman after straw men and the way he says it was. Such confidence is so infuriating is It's one it's it's it's sort of shocking and it's clear what's going on here When you can see what happened to the ten excuse me the eleven republicans in the house. That voted for impeachment. They are all now concerned that they're going to be primarily Mitch threats well mcconnell You know put up a trial balloon in the new york times A couple of weeks ago saying that he was happy about impeachment. Now it turns out that once that trial balloon starts to sink. He gets the sense that maybe he The republicans are not in the best position to throw off their base. And then the story. that was About mike pence who business insider reported that former vice president. Mike pence don't have any permanent residents in that they're supposedly moving from place to place at one point in the report implied that the pence's are in a precarious position and that they are a little bit concerned about staying in dc. Because of course. We know that this insurrection one of the highlights of it involved people running through the capital looking to either. I mean they were looking. They were saying they were looking to hang mike pence and they they had built a gallows so you literally have their former vice president trying to at least obscure where that he's living ostensibly afraid of. What is what is out there in terms of the the republican voting base. And you've got rand. Paul pretending that everything is just fine and we should just let bygones be bygones. He really is a stunning and well. But that is your your modern republican party. The fever i think seems to be still raging. We gotta take a break when we come back. We're going to talk to mike konczal. He is a director at the roosevelt institute. He's written a fantastic book. Freedom from the market america's fight to liberate itself from the grip of the invisible hand. We're back in just a moment with that. In the meantime today's program sponsored in part by brooklyn. I cannot tell you. I literally received Four pillowcases yesterday fabric linen. Yes that i had ordered. I.