Senate Democrats just killed the push today for $2000 checks.

A few Senators--namely Sanders and Markey--wanted to hold up the NDAA as leverage to push for a vote on $2000.

Democratic leadership rejected this--including Vice President elect Harris.

Let’s be real: McConnell is the one at fault for refusing to put a vote for the $2000 on the floor in the first place and being fifty shades of hypocritical along the way.

But Democratic leadership has, once again, folded to Republicans without attempting to fight for us.
If Democratic leadership is actually serious about getting $2000 checks to people, they would do one of two things:

a.) Find another leverage against McConnell and Senate Republicans

b.) Take McConnells offer on the combined bill of $2000 checks and Trump wishlist items
McConnell has made it clear today that he is not interested in putting a vote for $2000 checks on the floor unless it’s through his bill—which includes repealing Section 230 and putting together a committee to study “election fraud” in the 2020 election.
The argument that Dem leadership will make is that getting this NDAA through is vital, and can't be held up as leverage.

This is precisely why Sanders & Markey wanted to hold it up as leverage.

Dem leadership better have a Plan B if they are serious about helping people.
Technically, we can consider a "wing and a prayer" approach by hoping that Democrats take the Senate after Georgia's runoff election, and hope that the Democratic led Senate would pass these $2000 checks and have Trump--or Biden--sign it into law in the coming days.
I'm also aware that Vice President elect Harris sponsored legislation to get $2000 to Americans.

But I ask how she proposes to actually get Senate Republicans to agree to $2000 payments when McConnell refused a clean bill, and while shooting down potential leverage on this today
If Democrats held the Senate, legislation like this may be able to pass through.

And they wouldn’t have to resort to holding up the NDAA as leverage to do so.

Which is why it’s incredibly important for Georgians to vote for Warnock and Ossoff in the upcoming runoff election.
I’ll make it extremely clear again, as I did above: the fact that this $2000 vote is not put on the floor is squarely on the shoulders of Mitch McConnell and the Republicans in the Senate.

But Democrats just threw away the best leverage they had, and this can’t be ignored.
Not for nothing, but this NDAA is far from just “a paycheck for troops”.

It’s a slush fund of hundreds of billions of luxury spending for defense contractors, new dangerous development for nuclear weapons, and continues funding our disastrous interventions and inhumane sanctions

More from Finance

As the DeFi bull market continues, some brutally honest tips for new founders fundraising in crypto.

👇


1/ The discount you offer to strategic investors is both to account for the risk of an unlaunched product, but also as compensation for continued value add and support.

So make sure you know the investor will support you and not leave you on read once the docs are signed!

2/ Having someone on your cap table/ token allocation is as important as hiring.

You wouldn't hire someone just because they are influencers on Twitter- you do your reference checks and find evidence of value add from other companies the investor has invested in.

3/ Don't trust, verify.

Many investors will promise you the world when they're trying to get on your cap table.

Talk to founders they backed to see how much of it is bullshit. Ask them about how the investor was there for them during hard times.

4/ Don't just go for "name brand" funds because you want the brand.

Sure, it's great validation, but optimize for fit, not vanity.

However, I do think many well-known VCs are good actors, especially those with roots in successful trad VCs. They have a rep for a reason!
Here are all the threads posted by @AdityaTodmal and @niki_poojary in January: 🧵

• 8 powerful ways to use Twitter
• Power of Stocks
• 14 Trading Strategies
• Basics of Derivatives (3 parts)
• Technical Analysis for all sectors
• Tweets of the week
• Books on Futures

All the Top 10 tweets threads I have ever posted to date:


Basics of Derivatives Part 1:


8 powerful ways to use Twitter:


Basics of Derivatives Part 2:
Ok here is the explanation. Grab a cup of coffee and read on. If you have not read/noticed this, you will see intraday options movement in a new light.


Say we have two options, one 50 delta ATM options and another 30 delta OTM option. Normally for a 100 point move, the ATM option will move 50 points and the OTM option will move 30 points. But in a high volatile environment, the OTM option will also move nearly 50 points

To understand why this happens, first understand why an ATM option is 50 delta. An ATM option has the probability of 50% of expiring as ITM. The price just has to close a rupee above the strike for the CE to be ITM and vice versa for PEs

Now think of a highly volatile day like today. If someone is asked where the BNF will close for the day or expiry, no one can answer. BNF can close freakin anywhere, That makes every option of an equal probability of being ITM. So all options have a 50% probability of being ITM

Hence, when a huge volatile move starts, all OTM options behave like ATM options. This phenomenon was first observed in the Black Monday crash of 1987 at Wall Street, which also gave rise to the volatility skew/smirk

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