I’d never considered the details leading up to an inauguration. I watched this one like a nervous parent, making sure everything went as planned. #velshi
1/13
I have watched every presidential inauguration that I can remember, since I was a little boy, and long before I ever imagined I would live in America. But I had never watched one the way I watched the inauguration of Joe Biden. #velshi
I’d never considered the details leading up to an inauguration. I watched this one like a nervous parent, making sure everything went as planned. #velshi
Thanks to the last four years, everything is different, now. Our demons are on full display, our Union is certifiably imperfect. Our nation is divided. #velshi
After a year that takes first place in our history for death, destruction, fear and injustice, normalcy is struggling to regain its place. One thing with which we will struggle in this new day for America is the death of shame. #velshi
In addition to the other norms the former president destroyed, he turned lying - deliberate, casual and often with the force of law - into an art form and, with that, contributed to the death of shame. #velshi
I’ve been a business journalist for most of my career. When I’d interview a CEO and they’d tell me something that wasn’t true, and I’d have the evidence that it wasn’t true, it would make for an awkward moment. #velshi
The CEOs tried to explain it away. Their people would offer clarifications and maybe, there’d be a statement of clarification. Maybe even an apology. #velshi
If the lie - or any kind of wrongdoing pointed out by the press, was significant, someone might resign, a red letter of sorts on their chest. A mark of shame. #velshi
For some people - some liars – there’s no shame now. One reason I haven’t had Trump officials or allies on @VelshiMSNBC for the last several months is that confronting them with the truth stopped mattering. When caught lying or distorting the facts, they lied more. #velshi
To wear a red letter - TWO red letters, in the former president's case - both capitals for impeachment. It means little to him; there is no contrition. #velshi
He explains it away as partisan or calls it a hoax or a witch hunt. A source of shame once again somehow morphed into to a badge of honor. The death of shame - is the real catastrophe. #velshi
If we as humans do not feel shame in doing something wrong, or in getting caught doing something wrong, what guardrails exist? #velshi
More from Ali Velshi
More from Biden
"Ban" is a verb meaning to "officially or legally prohibit" something. If the Biden administration is not approving new fracking permits, how is that not "officially or legally prohibiting" new fracking permits?
The economy is bleeding, and the Biden administration's response is to cripple one of the few industries that has been consistently employing people throughout this crisis.
But, his allies in the media don't want him to take that PR hit, so they run cover and play word games. Biden's exact words were "We are not going to ban fracking. Period." The "Period." there would imply that ANY ban is off the table.
If you are going to prohibit via executive order - which is nothing more than a law passed outside of the normal legislative process - anything, you are "legally" prohibiting it. There are legal consequences to violating that regulation.
So yes, definitionally, Biden has "legally prohibited" fracking in some way, shape, or form, which is the opposite of his campaign statements.
In other words, he lied.
In the campaign, Biden said he would not approve new fracking permits on federal lands. But he would allow existing fracking to continue on federal property and existing and new fracking to continue on private land. .... https://t.co/EDVj7RQdFs
— Glenn Kessler (@GlennKesslerWP) January 26, 2021
The economy is bleeding, and the Biden administration's response is to cripple one of the few industries that has been consistently employing people throughout this crisis.
But, his allies in the media don't want him to take that PR hit, so they run cover and play word games. Biden's exact words were "We are not going to ban fracking. Period." The "Period." there would imply that ANY ban is off the table.
If you are going to prohibit via executive order - which is nothing more than a law passed outside of the normal legislative process - anything, you are "legally" prohibiting it. There are legal consequences to violating that regulation.
So yes, definitionally, Biden has "legally prohibited" fracking in some way, shape, or form, which is the opposite of his campaign statements.
In other words, he lied.
This is the start of my second thread of the front pages of newspapers on this date January 21, 2021. Click below for the first thread. #inaguration2021
Front page of the Independent Record on this date January 21, 2021. #OTD #Inauguration2021
Front page of The Atlanta Journal-Constitution on this date January 21, 2021. #OTD #Inauguration2021
Front page of the Daily News on this date January 21, 2021. #OTD #Inauguration2021
Front page of the Tallahassee Democrat on this date January 21, 2021. #OTD #Inauguration2021
Front page of the Wyoming Tribune Eagle on this date January 21, 2021. #OTD #Inauguration2021 pic.twitter.com/9fmnaJtChM
— Dr. Jeffrey Guterman (@JeffreyGuterman) January 21, 2021
Front page of the Independent Record on this date January 21, 2021. #OTD #Inauguration2021

Front page of The Atlanta Journal-Constitution on this date January 21, 2021. #OTD #Inauguration2021

Front page of the Daily News on this date January 21, 2021. #OTD #Inauguration2021

Front page of the Tallahassee Democrat on this date January 21, 2021. #OTD #Inauguration2021

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So the cryptocurrency industry has basically two products, one which is relatively benign and doesn't have product market fit, and one which is malignant and does. The industry has a weird superposition of understanding this fact and (strategically?) not understanding it.
The benign product is sovereign programmable money, which is historically a niche interest of folks with a relatively clustered set of beliefs about the state, the literary merit of Snow Crash, and the utility of gold to the modern economy.
This product has narrow appeal and, accordingly, is worth about as much as everything else on a 486 sitting in someone's basement is worth.
The other product is investment scams, which have approximately the best product market fit of anything produced by humans. In no age, in no country, in no city, at no level of sophistication do people consistently say "Actually I would prefer not to get money for nothing."
This product needs the exchanges like they need oxygen, because the value of it is directly tied to having payment rails to move real currency into the ecosystem and some jurisdictional and regulatory legerdemain to stay one step ahead of the banhammer.
If everyone was holding bitcoin on the old x86 in their parents basement, we would be finding a price bottom. The problem is the risk is all pooled at a few brokerages and a network of rotten exchanges with counter party risk that makes AIG circa 2008 look like a good credit.
— Greg Wester (@gwestr) November 25, 2018
The benign product is sovereign programmable money, which is historically a niche interest of folks with a relatively clustered set of beliefs about the state, the literary merit of Snow Crash, and the utility of gold to the modern economy.
This product has narrow appeal and, accordingly, is worth about as much as everything else on a 486 sitting in someone's basement is worth.
The other product is investment scams, which have approximately the best product market fit of anything produced by humans. In no age, in no country, in no city, at no level of sophistication do people consistently say "Actually I would prefer not to get money for nothing."
This product needs the exchanges like they need oxygen, because the value of it is directly tied to having payment rails to move real currency into the ecosystem and some jurisdictional and regulatory legerdemain to stay one step ahead of the banhammer.