News I missed until it was pointed out this morning:
Democrats won the race for attorney general of Arizona by a razor-thin 280 votes, a mandatory statewide recount confirmed on Thursday. Going into the recount, Democrat Kris Mayes led her Republican opponent, Abraham Hamadeh, by 511 votes.
Mayes’s win made official another Democratic victory in a statewide race in Arizona, long a Republican stronghold but increasingly politically competitive. Democrats also won the contests for governor, US Senate and secretary of state.
Of course, Republicans being Trumpscum now who only believe democracy works when they win, Hamadeh, who was endorsed by Donald Trump and spread misinformation about elections, declined to concede. “A discrepancy this big in the recount calls for an inspection of ALL the ballots,” he said on Twitter.
Had Democrats lost the races they were slated to lose in Michigan - where they instead won control of both houses of the legislature and all statewide offices; Pennsylvania - where they added Senator Fetterman, and took control of the State Assembly; Wisconsin - where they retained the office of Governor and won enough seats in the legislature to deny Republicans a veto-proof majority; the above major wins in Arizona; and had the Republicans seen their “red weave” in Congress, things would be in a very bad place right now. We would be staring at the very distinct possible end of this constitutional democratic republic in 2024.
Not only that, but Qevin McQarthy won the worst of all possible worlds: his career-long desire to be Speaker of the House depends on the support of people whose goals and public antics insure that he’ll be a one-term Speaker. If that, given he has had to give away the family jewels for the prize, and may not even serve out the term - if he even becomes Speaker.
There’s other good news.
Elon Muck is no longer one of the richest people in the world, having hemorrhaged almost two thirds of his fortune trying to remake Twitter, in the process becoming the only person in history to erase $200 billion from their net worth, which dropped from $340 billion on November 4, 2021 to $137 billion as of last Tuesday after Tesla shares lost two thirds of their value in 2022, including an 11% drop that day.
Tinny Cars That Don’t Work R Us, er, I mean Tesla, has seen its trillion dollar valuation even though its electric cars represented only a sliver of the overall auto market drop as competitors who actually know how to produce cars that work reliably catch up. The company was offering US consumers a rare $7,500 discount to take delivery of its two highest-volume models before midnight while also reportedly reducing production at the Shanghai plant. The decline in Tesla shares has been so steep, falling 65% in 2022, Muck himself was responsible for most of the decline with his “brand” taking a major hit since last April with his involvement with Twitter and his increasingly-crazy antics destroying his reputation as some sort of genius; selling as much stock as he did to cover his Twitter insanity.
Proving that he has obviously never heard of irony, Muck recently warned against the dangers of borrowed money in panicky markets. “I would really advise people not to have margin debt in a volatile stock market and you know, from a cash standpoint, keep powder dry. You can get some pretty extreme things happening in a down market.”
And 2023 does look like the year Accountability will arrive.
People watched and listened to the testimony of the January 6 Committee hearings, and that had its initial effect in the results of the November election.
Donald Trump’s crimes were revealed in that testimony, and his status as a con man was confirmed with the release of six years of tax returns that revealed he is not as rich as he claims, and that his claims of “being under audit” were lies when first stated and continued - probably due to his own efforts as president in his appointment of “Bond Villain” Hollywood scumbag Steven Mnuchin as Secretary of the Treasury as well as the Commissioner of the Internal Revenue Service - in his not being audited each year of his presidency as has every other president since Nixon, including the current one.
The release of Mark Meadow’s phone texts revealed how wide the conspiracy is, involving members of congress and the wife of a Supreme Court “justice.”
By reputation, Special Prosecutor Jack Smith is no one to cross.
I’m going to go out on a limb and predict that 2023 is going to be the year the balance tipped. There is far more to be optimistic about today than was the case a year ago.
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2023 is the year of victory in Ukraine and accountability in America. Give 'em hell, Harry!
TC's WHAT? 'I’m going to go out on a limb and predict that 2023 is going to be the year the balance tipped.' Anyone else have a limb to spare?
Now for TC, investors in Telsa and Bitcoin and for cat lovers everywhere, here goes (from excerpts):
‘If you’re one of those people who bought Bitcoin or another cryptocurrency near its peak last fall, you’ve lost a lot of money. Is it any consolation to know that you would have lost a similar amount if you had bought Tesla stock instead?’
‘OK, probably not. Still, Tesla stock’s plunge is an opportunity to talk about what makes businesses successful in the information age. And in the end, Tesla and Bitcoin may have more in common than you think.’
‘It’s natural to attribute Tesla’s recent decline — which is, to be sure, part of a general fall in tech stocks, but an exceptionally steep example — to Elon Musk’s purchase of Twitter and the reputational self-immolation that followed. Indeed, given what we’ve seen of Musk’s behavior, I wouldn’t trust him to feed my CAT, let alone run a major corporation. Furthermore, Tesla sales have surely depended at least in part on the perception that Musk himself is a cool guy. Who, aside from MAGA types who probably wouldn’t have bought Teslas anyway, sees him that way now?’
….I guess we’ll eventually see what happens. But I definitely won’t trust Elon Musk with my CAT.
(Did the Tesla Story Ever Make Sense?)
___Opinion by Paul Krugman, NYTimes. See link below, (sorry, gifting not possible).
https://www.nytimes.com/2022/12/27/opinion/tesla-stock-elon-musk.html?searchResultPosition=2