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Thread: Conservative Policy and the Trump Presidency

On the last full day of the Trump administration, I think it's useful to examine why he accomplished so little legislatively. TLDR version: American conservatism has almost no policy program.

 The most important thing to know about conservative politicking is that people do not vote FOR Republicans, they vote AGAINST Democrats.

The GOP is dominated by a minority of far-right activists and wealthy donors who have views that their own voters don't support.
American conservatism is premised on the twin ideas that the New Deal & Great Society were immoral and that God himself created America and that we should honor this creation by establishing full Christian supremacism in which LGBT people, atheists, and Muslims have fewer rights.
Because God created America, this means that conservatives believe in essentially no domestic policy of any kind. If it wasn't literally in the Constitution, then the feds shouldn't be doing it is their opinion.

This is not, however, how things used to be in the GOP.
For much of its history, American conservatism was a sort of intellectual parasite on the Republican party which was run by a mix of moderates and liberals. They actually had domestic policies. Dwight Eisenhower and Richard Nixon had many policies that actually helped America.
Over time, however, conservative activists, whose domestic policy was to have no policies began to displace and "cancel" the moderates in Congress and elsewhere. This process is detailed by @RuleandRuin https://t.co/kOxRHics63
Once the Cold War ended, the conservative parasite began consuming the brain of its Republican Party host. The process accelerated with the emergence of the Tea Party and the vice presidential nomination of Sarah Palin.
Donald Trump's victory marked the definitive death of Republican intellectualism. Conservative intellectual parasitism had fully consumed it.

Next, with Trump's encouragement, it began trying to consume the brains of marginally attached Republicans and other low-info citizens.
I talked about right-wing epistemology and intellectual history in detail with @willwilkinson on his latest podcast episode which you can listen to here: https://t.co/SrUYkG65eY
When Trump came into office, because the American right had become so completely intellectually vacant, he actually could not fill many top-level executive positions. There simply were not enough people who had domestic policy experience or even ideas about policy.
Let me modulate that a bit to say that there actually are conservative policy thinkers but because they focus on achieving conservative values rather than adhering to the right's minimalistic view of government, they had no influence or cachet in the Trump WH.
Despite having total control of the lawmaking branches of government, Trump and his conservative allies were not able to pass any major domestic policy laws except for the one thing on which they all agreed: giving tax breaks to wealthy people.
So while Trump/the right have no affirmative agenda, their negative agenda has been an astounding success: coarsening politics, dismantling regulations on corporations, reducing oversight of law enforcement, and appointing judges who will rule against regulations and programs.
And of course, the biggest "achievement" of Trump has been to poison the minds of millions of Americans into believing pathetic lies about fraudulent elections, imaginary pedophiles, and a nefarious "Deep State" that somehow hates Republicans but never can actually stop them.
The Big Lie campaign against Biden's legitimate victory will not die easily. And it will continue to radicalize conservatives long after Trump is evicted.

This is why it's so extremely critical that media, businesses, and educators publicly reject these toxic lies.
There is still hope for many people who have only recently been bitten by right-wing intellectual parasitism. Here's my working list of some steps that can be taken to make our country healthier: https://t.co/5RAUT1mywE
Thanks for reading down to the end. If you liked it, please share the first post. I hope you'll follow me as well if you are not already. Cheers!
PS: There is a very small subset of ultra-ideologues on the right who actually loved Trump's incompetence such as Grover Norquist

To them, a dolt who ruins things is their fantasy because he makes it easier for the public to hate government like they do. https://t.co/hhVg8KjExc
PPS: The policy & politicking nihilism of the U.S. right has effectively made it so that the GOP became motivated solely by will to power. But now that it has no power, all that's left is a violent thanatos instinct.

Thread for those interested: https://t.co/wztIp5PZUz

More from Matthew Sheffield

Matthew Sheffield
Matthew Sheffield
@mattsheffield
Thread: People love to rag on Nate Silver for his arrogance & they should, but he's merely an example of a larger issue that the web has made it easy to draw inferences from data without knowing the context in which it lives. 1/x

Alexander Pope's warning that "a little learning is a dangerous thing" has never been more true than an age in which we can obtain information about anything without being able to understand it.

Having data doesn't mean you can use it.

Western society has a very significant problem that expertise in one area is often conflated with expertise in others.

Men are the main culprit. We have been socialized to think we know more than we do. There are many studies showing this. Here's one:

Not only do men think we're smarter than we are, we also overestimate our own attractiveness:

Male overconfidence has lots of negative implications for society. The biggest is that too many men in media have amassed followings by speaking confidently about subjects they don't understand.

Nate Silver finds Donald Trump appalling, but his shtick isn't all that different.
LIFE
Matthew Sheffield
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@mattsheffield
For the past 6 years, I & a few other journalists have been trying to get the mainstream press and political elites realize the major danger posed by the radical right. Unfortunately, moderate and liberal elites deluded themselves into thinking that conservatism wasn't a cult.

There is no secretly powerful "Republican establishment" that will fix things. There are thugs, deluded people, and there are quislings. There is no one else in the GOP. Instead of focusing on the radical right's danger, editors wanted stories about Trump tweets.

Instead of calling out the dangerous radicalism of the GOP, television debate shows and opinion pages invited the enablers of fascism to speak and write about how we all needed to give powerful insane people the benefit of the doubt.

Unlike Trump, who walled off the White House months ago into a fortress, Nancy Pelosi did not take the terrorist threat seriously enough to demand better security. She has the budget and the authority and did nothing similar. Now, fascists are on the floor of Congress.

Of course, it is Trump who bears the responsibility for this but the Capitol Police have totally disgraced themselves by not fortifying the building the way that the Secret Service did to the WH.

This is the view of numerous congressional staffers of both parties.
JOURNALISM
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Matthew Sheffield
Matthew Sheffield
@mattsheffield
Conservatives love to complain that everyone is against them: professors, journalists, intelligence officers, social media companies, and so on.

I used to as well until I considered that maybe having problems with everyone else isn't their fault, it's yours.

I was reminded of that realization when I read this important NYT article about how Facebook keeps weakening news source quality controls because conservative content gets disproportionately effected by them.

Unfortunately, this great piece of reporting by @MikeIsaac, @sheeraf, & @kevinroose didn't mention the greatest challenge in AI news signal processing: Humans can barely separate conservative & far-right content. Which means computers can't either.

This techno-semiotic conundrum originates from the fact that in the US, because there is no moderate conservative tradition, the gravitational center of the right is far removed from the political center.

More plainly, this means that almost all the energy and organizing on the right exists on the far right.

This is not the case on the US left where there is a strong moderate tradition capable of organization and force projection. Ask Bernie Sanders if you disbelieve.
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Matthew Sheffield
Matthew Sheffield
@mattsheffield
Thread: Meaning and loss in American conservatism

I've written a lot about how Christian supremacism (expressed and implicit) is the underlying objective of most Trump supporters but the psychology of American conservatism is very important in its descent into madness.

We're seeing it manifested heavily in the present moment as Trump and his followers are forced to contemplate the loss of the presidency but it's important to realize that losing is the psychic core of the U.S. right.

Trump's repugnant demeanor and prior history of political moderation is what made him so reviled by conservative activists and donors in 2015 but his angry victim complex so deeply resonated with the GOP base that this is why he won the primary.

American conservatism has been obsessed with death and loss since it emerged in the 1940s. The utter humiliation of Herbert Hoover and the rapid growth of federal spending and regulation under FDR was an existential moment for the corporate barons who started the U.S. right.

The rise of explicitly atheist Marxist-Leninism was also immensely triggering of long-time fundamentalist fantasies of persecution and death before the return of Christ. Most Christians don't see John's Apocalypse as a literal text but fundamentalists do.
GOVERNMENT
Matthew Sheffield
Matthew Sheffield
@mattsheffield
As a former conservative activist and journalist, it has been so frustrating to see my former compatriots spreading wild and unchecked claims about "voter fraud." @jacknicas of the NYT took a deep look at claims of "dead" people in Michigan voting. Link in next tweet.

While examining claims made by right-wing activists who are not credible individuals is a thankless task which elite media editors despise, this is vital and important work in this age of fake news. Here's the link:

As the co-creator of NewsBusters, the most prominent anti-media website, I was part of a decades-long tradition of complaining about media elites being "unfair" to conservative views. There is still much to that argument, but eventually I saw that I was missing context.

What I did not realize until I began expanding my work into creating actual media and reporting institutions such as the Washington Examiner (I was the founding online editor) was that U.S. conservatives do not understand the purpose of journalism.

This became evident to me as I saw that conservative-dominated media outlets were MUCH more biased than outlets run by liberals. The latter had flaws that arose from a lack of diversities (note plural) but they operated mostly in good faith. That's not how the former operated.
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More from Trump

\U0001f1fa\U0001f1f8I Support Our Military & Law Enforcement\U0001f1fa\U0001f1f8
🇺🇸I Support Our Milita...
@TheWiseOwl_AZ
1. Ten Days of Darkness have begun – & would end Inauguration Day 20 Jan.

Since 6 Jan. Washington DC has been under lockdown. President Trump has mobilized the Military & they were collecting evidence of political elite conspiring with foreign nations to take over the
U.S.
GOVERNMENT , TRUMP
Warren C.\U0001f1fa\U0001f1f8 45th POTUS = G.O.A.T. \U0001f1fa\U0001f1f8 \u271d\ufe0f
Warren C.🇺🇸 45th POTUS...
@808TeslaY
💥💥💥Situation Update, Dec. 3rd – Trump invokes foreign interference provision of his 2018 executive order, authorizing military response to cyber warfare, see NSPM 13 💥💥💥 [M.Adams]


⁉️ ✅ Ask yourself this question: What was the purpose of yesterday’s White House speech about election fraud and vote-rigging?

✅ If you think it was all about Trump communicating to the people, think again. This speech was really about Trump communicating with Chris Miller

✅ and the DoD about foreign interference in the U.S. election while laying out the key national security justifications that are necessary to invoke what I’m calling the “national security option” for defending the United States against an attempted cyber warfare coup.

⭕️ Decoding President Trump’s Dec. 2nd speech:
https://t.co/G9kmUfVQzS

🇺🇸Consider what Trump said in yesterday’s speech. About 95% of this speech was filler. Only 5% really matters, as I detail below:

1. First, he lays out that he has a sworn oath to defend the United States

2. Constitution against the wartime “siege” that’s underway:

As President, I have no higher duty than to defend the laws and the constitution of the United States. That is why I am determined to protect our election system, which is now under coordinated assault and siege.
TRUMP
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Maksimilian \u262d
Maksimilian ☭
@Maksimiljian
Violent Trump Supporters and other Right Wing Violence.


https://t.co/uZUWMxIJ14


https://t.co/KAI4FFbemZ


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https://t.co/D8iu7xB6wQ
TRUMP
Hayes Brown
Hayes Brown
@HayesBrown
You’d think that if Pence could overturn the election like Trump claimed then Biden surely would’ve taken up that chance


Also this is such a small thing but one thing I noticed in that Trump campaign ad the defense just ran, there were no citations, unlike every clip that the impeachment managers showed

Michael Van Der Veen is giving us the full Fox News Primetime Defense.

PROCESS ARGUMENT.

DRINK.

Lol my guy this is the chance to rebut the evidence that they’ve presented against Trump.
TRUMP
shauna
shauna
@goldengateblond
here’s a screenshot of what the @gop deleted and hopes you’ll forget (via https://t.co/qH1DxrwRk8)
TRUMP

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Trump is a Russian asset, a mob money launderer installed by his mob whoremasters to sow chaos and weaken the US & our allies.

EVERY SINGLE THING HE’S DONE since taking office is to achieve those purposes—that and to enrich himself personally.

[THREAD]


1/ His entire family is part of this. Melania is a fucking crook. Ivanka is a fucking crook. Junior and Gums are fucking crooks. They will all die in prison, except for Kushner, who, if he really *did* trade US intel for money, should be executed for espionage.

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How to create a freelancing website that makes money.

Everything I've learned.

A thread.

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Second, prioritise its improvement.

The technology you use is irrelevant.

- WordPress
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It doesn't matter which you choose,

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Pick a platform that you're comfortable with.

If you can:

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You're good.

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Jaya_Upadhyaya
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SRI KANTESH HANUMANTHA, KADARAMANDALAGI (KAR)
#bharatmandir

KANTESHA means Prabhu full of brightness.
Here, Sri Hanuman appears with a front face and sparkling eyes. Earlier, the village was also called KANTESHPURI on the name of Kantesha Hanuman.


Several thousands of years ago, Hanuman lived in this village. He once saw the Sun and mistaking it to be a fruit, began flying towards it. Since then, this village came to be known as Kadara Man Dalagi. (Kadar means rays, mandala is cluster of rays).


It is believed that King Janmejaya had set up the shrine to get rid of his difficulties.
There is a small pond on the right side of the kshetram where Teppotsava (Float festival) is celebrated.

Kanaka Dasa has praised Sri Kantesha in his various poetic compositions.


Kanaka Dasa was the first devotee to popularize the power of Kantesha. It is said that once Kanaka Dasa was deeply wounded in a battle. To seek blessings, he visited Tirupati but Sri Venkatesha appeared in his dream and advised him to see Kantesha first before seeing him.
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Thread 🧵explaining #ROE & #ROCE and its use in #FundamentalAnalysis

(Must read for #FA learners)

🙏Like & RT to spread learning with all 🙏

Views Welcome 👉 @dmuthuk @Vivek_Investor @datta_arvind @caniravkaria @FI_InvestIndia @AdityaD_Shah

#FundamentalAnalysis #StockMarket


1⃣

Return on Equity (#ROE) and Return on Capital Employed (#ROCE) are two important Financial Ratios used in #FundamentalAnalysis of Stocks.

#StockMarket #Investing

2⃣

Return on Equity (ROE) is the ratio of Net Income (Net Profit) of a company and it’s Total Equity (Shareholder's Equity).

Here - Shareholders Equity = Share Capital + Reserves & Surplus.

#StockMarket #Investing #FundamentalAnalysis


3⃣

#ROE is a measure of how much net profit a company is making for every rupee invested by its shareholders in the company.

It can be said that higher the ROE, better it is for the equity shareholders. It tells shareholders about how effectively their money is being used.

4⃣

However, you should not trust high ROE blindly. Biggest drawbacks or weaknesses of ROE is that it completely ignores debt.

Hence for companies having high levels of debt, ROE will give a higher but misleading value & therefore we need to look at #ROCE along with #ROE.
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Technical Analysis Masterclass- Part 2

'Entering the trade'

Entering a trade without ascertaining a certain things is gambling.

In this masterclass we will learn the pre-requisites to enter a trade.

DON'T ENTER A TRADE WITHOUT DETERMINNG THE FOLLOWING.

Please share.

We understand what reward to risk (popularly called risk to reward) is.
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We will also try to bust a few myths about R:R and how to avoid losing trades.

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1. Entry trigger
2. Stop loss
3. Target

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Generally a set of reasons AKA confluence is a higher probability trade and a generally a safer entry.

Example of an entry trigger.


2. Stop Loss.

The price in the opposite direction of the trade where the trade is exited, at a loss.

At this level, the reason for the entry becomes invalidated according to TA and the price can then move in the opposite direction, probabilistically.


3. Target is the possible price level that the asset might touch based on previous trends or confluence AND where a possible reversal could occur.

Target is the next path of least resistance from where the price might reverse.

We will always ONLY use TA to determine all 3.
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