Playbook: "Reality, meet D.C.”

MAYBE IT’S THE COLD, the impending wintry mix that’s bearing down on Washington. Maybe it’s because we’re about to leave 2020 -- that wretched, disgusting year -- in the rear view.

WHO KNOWS WHAT EXACTLY PROMPTED THIS, but reality is beginning to intrude in Washington.

REALITY 1) @JOEBIDEN is going to be the president. This was obvious to most breathing, thinking human beings with a pulse, but many Republican members of Congress were willfully blind to it.
@JoeBiden BUT A FEW OF THEM BEGAN JOINING THE REST OF US on Planet Earth on Monday. @SenThomTillis called BIDEN the “presumptive president.” @LindseyGrahamSC -- who was calling around to state election officials a few weeks ago -- said “it’s a very, very narrow path for the president."
@JoeBiden @SenThomTillis @LindseyGrahamSC SEN. ROY BLUNT (R-Mo.), the chair of the inauguration, said: “We’ll deal with Vice President Biden as the president-elect. The president continues obviously to have all the options he has available to him, but the electoral vote today was significant.”
@JoeBiden @SenThomTillis @LindseyGrahamSC RUSSIAN PRESIDENT VLADIMIR PUTIN took it further than most Republicans, straight up congratulating BIDEN after a month of saying he was waiting for the process to play out.
REALITY 2) It seems painfully obvious to nearly everyone on Capitol Hill that a Covid relief deal is at hand -- should the leaders want it. This deal would include a mix of a renewal of the PPP, vaccine money, rental assistance, unemployment benefits & school $.
SENATE MINORITY LEADER CHUCK >@SenSchumer and @SpeakerPelosi said they were for state and local funding, but declined to draw a bright red line -- as they had before. @senatemajldr did not even mention liability overhaul in his floor remarks.
State/local and liability are not attainable at the moment. Those 2 pieces are clearly falling away. Now the question becomes: Do the 2 sides have the courage, desire & political will to get this done? Scary thing is if they don’t get it done this month, it might never get done.
REALITY 3) THIS COVID-OMNIBUS COMBO can get real messy real quickly. If they release the omnibus bill today -- that’s Tuesday -- maybe it can make it to the House floor Thursday.
Floor consideration in the Senate by Friday -- the deadline -- seems tough, since all senators would need to consent for a quick debate and vote.
If Congress needs a short-term stopgap, then maybe the Senate would stay in for the weekend to get it done. In that scenario, would they give themselves longer to try to reach a Covid deal? Could the government shut down?

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THREAD:
Good afternoon, followers of frivolous election litigation. There's a last-minute entry in the competition for dumbest pre-inauguration lawsuit - a totally loony effort to apparently leave the entire USA without a government.

We'll start with the complaint in a minute.

But first, I want to give you a quick explanation for why I'm going to keep talking about these cases even after the inauguration.

They're part of an ongoing effort - one that's not well-coordinated but is widespread - to discredit our fundamental system of government.

It's a direct descendent, in more ways than one, of birtherism. And here's the thing about birtherism. It might have been a joke to a lot of people, but it was extremely pernicious. It obviously validated the racist "not good enough to be President" crowd. But that wasn't all.

Don't get me wrong, that was bad enough. Validating racism helped put the kind of shitbird who would tweet this from an official government account into power. But it didn't stop


(Also, if you agree with Pompeo about multiculturalism - the legendary melting pot - not being what this country is all about, you need to stop following me now. And maybe go somewhere and think about your life choices and what made you such a tool.)

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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.