Opinions, Context & Ideas from the TPM Editors TPM Editor's Blog

Today's Facebook Stock Drop Is Only the Beginning

Surprised about Facebook stock falling almost 20% on disappointing earnings outlook? Investors seemed to be. But they shouldn’t. I hope I’ve been clear that I think Facebook is a bad acting company with a predatory organizational culture. Google exercises monopoly power that needs to be reined in. But it’s fundamentally different from Facebook, both in its actions, organizational culture and its effect on the larger civic and Internet ecosystems. I say all this just to put my cards on the table. But I think I’m on firm ground and cognizant of my biases when I say that Facebook’s business troubles are just beginning.

Here’s why.

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Only the Best Lawyers

Technically, Alan Dershowitz isn’t Donald Trump’s lawyer. So his arguments don’t have any legal implications. But it is striking this his argument in this video clip – bananas on several other fronts – is directly incriminating on the campaign finance front. Specifically, he is saying that payments would need to be made to effect the outcome of the election.

You Have To See It To Believe It

As the news of “the tape” was breaking last night, I tuned in to Laura Ingraham’s show on Fox (don’t mention it) to see what Alan Dershowitz and the President’s lawyer Rudy Giuliani were saying about the new information. Below is a selection of clips that show the comical mix of nonsense and special pleading from these friends of the President.

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Georgia Gov Nominee Stymied Action On Meddling with State Rights Appeal

Tonight, Georgia Secretary of State Brian Kemp won a primary run-off to become GOP nominee to be the next Governor of Georgia. Kemp enjoyed the staunch backing of President Trump.

But there’s another part of Kemp’s story. In August 2016, as Obama administration officials were trying to enlist the support of state election officials to counter unfolding Russian election interference and efforts to hack into state election systems, Kemp was an outspoken hold out, attacking the initiative an assault on state’s rights.

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John Brennan

John Brennan: “Well yes, I — as a young analyst, I wouldn’t have had direct interaction with Andropov, but I have studied Russian intelligence activities over the years, and have seen it — again, manifest in many different of our counterintelligence cases, and — and how they have been able to get people, including inside of CIA, to become treasonous. And frequently, individuals who go along that treasonous path do not even realize they’re along that path until it gets to be a bit too late. And that’s why, again, my — my radar goes up early when I see certain things that — I know what the Russians are trying to do, and I don’t know whether or not the targets of their efforts are as mindful of the Russian intentions as they need to be.”

May 23rd, 2017.

Please Give This a Read

Today we are kicking off a ten part series on voting rights and democracy that will run through the November election. Please take a moment to read my introduction. Why we’re doing it, why it matters, what we’ll include.

Trump's Self-Bailout

With election year blowback over his trade wars, President Trump is proposing an aid package for American farmers to offset their losses from his trade policy, the Washington Post reports:

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