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Showing posts with the label Truth Social

The war with Iran: Part Three, Cracks in the MAGA coalition

For a long time, much of the political appeal of  President Donald Trump has come from his professed opposition to “forever wars.”   One of his many explicit statements to this effect dates from his State of the Union address in 2019.  He said, “Great nations do not fight endless wars.”  If you need a link for that: behold. Given his goal to make America “great again,” this language clearly amounts to a commitment to use his position as commander-in-chief to keep the United States out of endless wars. Yet here we are, with Trump once again the commander-in-chief and with his commitment to war with Iran open-ended. He began the attack on Iran at the end of February and throughout March he has put his renunciation of his earlier view front-and-center. He has used his own proprietary social-media platform, “Truth Social,” to explain to us that “Wars can be fought ‘forever,’ and very successfully, using just these supplies (which are better than other countries fin...

Truth Social: It's Complicated

  I don't know what is going on with the Trumpets' direct entry into the social media market, Truth Social.   The project does seem to have done the country some good in that it gave Rep. Nunes a new hobby, probably a more harmless one than were his efforts at lawmaking.  Other than this, it is confusing, especially since it has gotten mixed up with SPACs, a yesteryear trend not yet old enough to be a cool retro thing.  A SPAC is a "special purpose acquisition company." It is a shell of a company, listed on a stock exchange, but with no operations other than the search for another company to buy.  Who would want to be purchased by a SPAC? Generally, a company that wants to be on a stock exchange but does not want the operational difficulties and the costs associated with, first, applying for a listing then, if that application is granted, staging an IPO.  Getting yourself taken over by a SPAC that has already done the prep work and gotten listed evades that...