The Daily Reckoning retweeted
Part 2 of a 2-part interview @Bannons_WarRoom
with Steve Bannon. This was a Trojan Horse election. People voted on affordability and against the war in Iran. But that's not what they got. They got a set of pro-trans, anti-American, wealth tax officials. rumble.com/v7i07e2-jim-ricka…
The Daily Reckoning retweeted
this is the best breakdown I’ve seen of the dark arts behind Block Blast!, the most downloaded mobile game in the world last year
intentionally making players lose to optimize which ads they see, the sophistication behind such a “simple” game is stunning.
One of the things the data analysts on our side obsessed over was "composition"—whether the electorate looked close enough to 2024 for Republicans to win. And despite polls that showed a Democrat blowout, the data kept on telling us the same story: in some states turnout was merely OK, in other states it was downright amazing, and in no state was it catastrophic. There was a genuine sense of optimism on our team: our people were showing up.
So, I asked the smartest data guy I know, does that mean we're going to shock the world? "No," he told me. "We might do better than the polls suggest. But the data is telling us that a lot of Trump/Vance 2024 voters are pissed and planning to vote for the other guys. Our voters are turning out, but they may not vote for us."
Well, that looks prophetic now. Our voters did show up. In Florida, for example, the electorate was 9 points more Republican than Democrat, just a couple points worse than 2024. Undoubtedly there were places we could have done better on turnout. But the main problem is not turnout. The main problem is that many people who voted for Trump/Vance in 2024 voted for Democrats in 2026.
There will be a lot of infighting and arguing over what happened and why that is. One of the pollsters I really respect told me that our economic messaging wasn’t sharp enough down the stretch. I’m sure that’s true.
But the real reason we lost is obvious to almost everyone.
Another pollster—one of the smartest people I know in politics, told me yesterday we’d lose the generic ballot by 13 points. I felt negative going into Tuesday, but even I was shocked by this. In his polling, he saw that a lot of Trump 2024 voters were angry and planning to vote for Democrats. He asked those voters who had abandoned us what would cause them to come back on our team. The top four answers, accounting for nearly all of the responses were:
1) End the war
2) Focus on cost of living/inflation
3) Put America First
4) Change our relationship to Israel
Our voters showed up. And the above four reasons are why many of them voted for Democrats. This is according to a pollster who nailed the results. While many spent Monday attacking Rachel Campos Duffy for calling for a diplomatic resolution to the conflict, it turns out her political advice was sound. (She’s also a great person.)
In the next few months, there's going to be a lot of gaslighting. Expect to hear any number of establishment politicians say the solution to our woes is amnesty. I'm open to the idea that we should change enforcement—by focusing more on businesses that hire illegal labor, for instance. But anyone pushing amnesty is lying to you.
The reason we lost is the war. The president himself said so last night.
If you'd like to argue it was worth it, that losing the Senate for the next 6 years was worth it, then do so. Argue it was a worthwhile cost to pay. Agree or disagree, that's at least honest.
But everyone knows why we lost. And any honest conversation about where we go from here must start there.
I remain hopeful about our country. To the people who are pissed off and want to say, “I told you so”: you’re right, you did tell us so. Take that energy into electing Republicans who share your worldview. To the people who are just pissed at the results, you should be. Let’s take that anger and get back to the work of saving our country.
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The Daily Reckoning retweeted
Let me explain something to adults over 45. Young white men cannot get jobs. I mean this in the most literal sense. We have valedictorians and nuclear engineers and rocket scientists living in their cars sending out 800 job applications who cannot get a job at McDonalds or the local grocery store. That's how severe the dead zombie economy is for young men. Young white men don't give a shit anymore. They are completely demoralized and exhausted. President Trump is a businessman and we voted for a businessman to fix the economy. Under his leadership we have suffered 6 years of DEI racial discrimination. If President Trump cannot fix the problem, he needs to be honest and explain what's stopping him. But he made a purposeful decision to prioritize Boomers over young men and that's why he lost the midterms.
The Daily Reckoning retweeted
BREAKING: Revolut moved ~2,000 engineers onto self-hosted GLM for coding and pushed Claude Code and Codex to the exception list.
Per David Abitbol, who leads AI ops there: 56 Nvidia B200s, a blended 30 cents per million tokens, roughly a tenth of what they paid Anthropic and OpenAI. Engineering lead time improved 70%.
Here's the part that matters: the gains showed up when tokens stopped being rationed. Engineers quit saving AI for the hard tickets and pointed it at everything.
Frontier models become the exception, open weights become the default. That's a pricing problem for every lab heading to IPO.
h/t @OliverMolander
Would you move your team off frontier APIs if the bill dropped 90%?
The Daily Reckoning retweeted
All we need to know, Buffett dumped nearly 700m on his way out the door. Now everyone’s 401k is nearly 8% Apple. They’re buying back stock at 11x sales, AAPL traded 3-5x sales for a decade, but it’s different this time :)
$aapl bragging about the $24B quarterly buyback… sounds impressive until you do the math and realize the $96 billion/year pace represents a 2% shareholder yield on a $5T market cap
The Daily Reckoning retweeted
Are people just so lazy? Is it that simple? We're coming up on 5 years of this. Ay yay yay.
The Daily Reckoning retweeted
In 2006, the evening news told America something the CDC never wanted you to hear:
Over 20 years, seniors' flu shot rates more than quadrupled. Their flu deaths didn't fall. They kept climbing.
And when reporters asked to interview the government scientist behind the study, the NIH said no. 🧵
The Daily Reckoning retweeted
There is a fundamental difference between the 2011 peak in silver and what we are seeing today.
Back then, rising prices were accompanied by a massive increase in production.
Today, that supply response is completely missing.
Don’t confuse a violent correction with the end of a cycle.
tavicosta.substack.com/p/the…
The Daily Reckoning retweeted
"Home care" has quickly become the *most common job in blue states*. This video shows why: Because people are billing Medicaid $80k+ a year for work that they aren't actually doing. Watch this refugee pull into a driveway for 2 minutes each day to trick the GPS anti-fraud system:
The Daily Reckoning retweeted
My new interview with @mattgaetz does a deep dive on the Alaska Senate race, possible criminal implications and how it might be the race that determines control of the Senate.
drive.google.com/file/d/14Q4…
The Daily Reckoning retweeted
The fact that it is illegal for an ACA-compliant healthcare plan to charge more for a 600lb morbidly obese 30 year old than a healthy 170lb 30 year old male is madness.
The Daily Reckoning retweeted
“Clarity”? Happy to translate.
Don’t screw American workers. Don’t use visa programs as a back door into our nation.
We were clear.
You were hoping we were kidding.
We’re not.
LEAKED: MICROSOFT'S CLOUD + AI CHIEF TELLS EMPLOYEES "WE WANT TO BRING MORE TALENT INTO THE UNITED STATES."
That is Scott Guthrie in his division's internal AMA, two days after Microsoft offered buyouts to about 60,000 employees and a week after the US Gov’t suspended their PERM filings.
He told visa and green card holders Microsoft will "continue to sponsor" them.
He said Microsoft is "working with the US administration to get clarity," and "we're not sure that everyone's looked at the right data."
The Daily Reckoning retweeted
Back in 2004, I went to the Libertarian Party convention in Atlanta, and after the long weekend decided that I would not join. The people who run it are just too removed from the rest of the movement and the rest of the society. They didn't give shit about Iraq! the most important thing in the world at the time. Hardly heard of it apparently. Didn't know how horrible it would look invite hawks to give speeches. Just facepalm.
I tried advising the LP presidential nominee that year. That reinforced the same lesson: This is not worth the effort. I have more important things to do.
A few years ago, I finally joined the LP at the urging of my friends who were working to take the party over in the name of the actual American libertarian movement, as exemplified by the thinking and writing of Dr. Ron Paul, especially.
The real point was to get the party together before we ran Dave Smith for president, which he thankfully in retrospect decided not to do.
Well, at the last convention the libertarians didn't show up, only the Libertarians. So, a gay porn producer and new wave haircut lady and their crew took the party back over.
It really sucks because there are so many good people in the party who work very hard and fight good fights. But the organization itself, as a democracy, is just completely retarded and it always will be.
Today a friend sent me screenshots of these degenerate scum -- specifically the LP of San Francisco -- claiming the right to hurt children because they think freedom means getting away with being a piece of shit and violating the rights of helpless victims.
Send in the SWAT Team.
It's a foregone conclusion that the party leadership will do nothing about this.
The LP always has been and remains a disaster for the good name of our movement.
They'll probably run that filth Joe Walsh for president next time. He fits right in there.
So I hereby officially resign from the Libertarian Party, and will instead continue to fight for liberty by other means.


























