Even Joe Biden is now making jokes about the plummeting value of the former President’s latest scam, his attempt to turn his failing social media site into a Wall Street meme stock. As discussed on today’s BradCast, it ain’t working. At least for now. [Audio link to full show follows this summary.]
The value of Trump Media & Technology Group, trading under Donald Trump‘s initials as DJT, has lost about two-thirds of its value since it debuted as a publicly traded stock at the beginning of the month. If it “drops any lower,” Biden quipped at a rally in Pennsylvania today, Donald Trump “might do better under my tax plan than his.”
When it first went public, DJT quickly shot up to nearly $80 per share. It has been nose-diving by double-digit percentages pretty much every day since. The stock closed on Tuesday at less than $23 a share. On Monday night, the Washington Post’s Drew Harwell posted a piece that is nearly equal parts hilarious, for those who enjoy the schadenfreude of Trump losing billions of theoretical dollars in just a few weeks time, and heart-breaking, for those who feel for the hundreds of thousands of Trump fans who have lost, in some cases, their “whole nest egg” because they were brain-poisoned enough to buy into Trump’s latest fraudulent scheme.
Harwell’s report of the reaction to the plummeting value of the stock by Trump supporters themselves on Truth Social, the money-losing venture that is currently DJT’s only actual business, is harrowing and amazing. (But just more evidence of the “deep state”, if you believe some of the denialists who are still buying more shares every day now!) But it serves as yet another reminder that, as sick as Trump is, it is our nation itself, and its people, whose illness we must eventually figure out how to attend to.
Anyway, tune in to today’s show for many more thoughts on the above, and a whole bunch of other news of the day, including…
- Trump’s recent Truth Social video rant on how Presidents simply can’t do the job of Presidenting without absolute criminal immunity, the way the Founders wanted it. Then again, there is no evidence that the Founders wanting anything of the sort (quite the opposite, in fact); every President of the United States before (and since) Trump has been able to function just fine without it; and — oh, yeah — as Trump said in a separate rant just one day earlier, apparently “Crooked Joe Biden…can’t put two-sentences together” but has been clever enough to mastermind all four of Trump’s current criminal indictments in two different states and two separate federal jurisdictions, all without leaving a trace of evidence. “At what point are the actions of a sitting President…against his opponent for election interference considered illegal?,” Trump asked. But, according to Trump just one day earlier, even if the President had anything to do with Trump’s criminal indictments (he doesn’t) it would still never be illegal!
- The disgraced former President’s criminal trial in New York, on 34 federal counts related to hush-money payments to a porn star to help him win the 2016 election, seems to be moving faster than expected. On Tuesday, seven jurors were selected on the second day of the trial. Just five more jurors and six alternates are needed before opening statements can begin, perhaps as early as the beginning of next week.
- On Tuesday, House GOP lawmakers finally delivered their two articles of impeachment against Dept. of Homeland Security Secretary Alejandro Mayorkas to the U.S. Senate, where the high-crime-and misdemeanor-free charges are expected to die either very quickly or somewhat less quickly, in an impeachment trial that, according to the rules, must begin immediately and continue until complete. Good thing there is nothing else Congress needs to be doing right now.
- The far-right conspiracy outlet known as One American News (OAN) has reportedly struck a confidential settlement with voting system vendor Smartmatic, in the defamation lawsuit brought against the Trump-supporting TV channel for lies told about the company’s voting systems following the 2020 election. Despite repeated false claims by OAN anchors and guests that Smartmatic software was used “in 30 states” to steal the election for Biden — with zero evidence in support of those claims — the company’s voting systems are only used in one U.S. jurisdiction: here in Los Angeles County, where even brain-poisoned MAGA dupes aren’t dumb enough to claim the election was stolen from Trump.
For the role that we personally played in confusing Sidney Powell, Rudy Giuliani, and the OAN clowns regarding Smartmatic’s role in U.S. elections, I can only say: “You’re welcome!”
The terms of the settlement are undisclosed, but it follows on last year’s $787 million settlement between Fox “News” and Dominion Voting Systems over similarly false claims, as well as a settlement between OAN and a former Dominion executive. There are many other similar defamation suits still pending, however, by both Smartmatic and Dominion over lies told about them following 2020 by other well-known Trump conspiracists.
- Finally, Desi Doyen joins us for our latest Green News Report, with several pieces of pretty cool news littered amidst a number of terrifying climate crisis omens…
(Snail mail support to “Brad Friedman, 7095 Hollywood Blvd., #594 Los Angeles, CA 90028” always welcome too!)
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