Ms. Mayer wrote the book on Dark Money (now out in paperback with a new preface), and here, in the New Yorker, gives us Robert Mercer — The Reclusive Hedge Fund Tycoon Behind The Trump Presidency.
Enough to make non-billionaires take to the streets, though the UN warns that Americans’ right to protest is in grave danger. (I’d say that headline is a little strong, but still.)
Republicans effectively “filibustered” Merrick Garland for 10 months — they wouldn’t even let his nomination get that far (the ultimate filibuster) — arguing that we would have to see what the people wanted in the next election. By a margin of millions, the people wanted Merrick Garland.
The Electoral College could theoretically elect a president who lost the popular vote by 20 million votes, but — although that would legitimately install an unpopular president — it would not represent the will of the people, any more than Trump’s loss by 3 million did.
Not to mention the loss would have been by more if we had not been attacked by Russia . . . and that most Trump voters were more focused on jobs than on rejecting Merrick Garland.
Mitch McConnell was wrong to flout the Constitution, changing the rules to deny Garland a hearing. He was wrong to change his own standard and take Trump’s loss by 3 million votes as proof the people wanted a Republican-appointed Justice. And he will be wrong if he changes the rules the Senate agreed upon, holding Supreme Court nominees — though not lower court judges — to the 60-vote standard.
Three wrongs, let alone all by the same guy, don’t make a right.
I checked in with the friend who suggested Home Depot a couple of years ago at $89. With the stock at $147 or so, he’s holding on, hoping for double from here over the next three or four years.
Quote of the Day
A penny saved may be a penny earned, but it's one boring penny. A penny invested, on the other hand, bounces around. It gets bigger one day, smaller the next. A bit player in the drama of global finance, that penny buys a guy a balcony seat in the theater of macroeconomics.~Susan Stewart
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