"That McCarthy is trying to make her a pariah indicates a fight over the future of the Republican Party."
This conclusion is much too understated. A fight over the party's future has been in process since the rise of the Tea Party, if not since Newt Gingrich's ascent in the early 1990s. McCarthy's actions suggest that fight has devolve…
"That McCarthy is trying to make her a pariah indicates a fight over the future of the Republican Party."
This conclusion is much too understated. A fight over the party's future has been in process since the rise of the Tea Party, if not since Newt Gingrich's ascent in the early 1990s. McCarthy's actions suggest that fight has devolved into the party eating its young in a desperate bid for survival. Consistent with Trump's style it's impulsive, bullying, petulant, and devoid of any sophisticated strategy to move forward.
Also, I don't mean to be pedantic but a clarification if you will. Matt Levine's description of a SPAC (or the interpretation of his description) isn't quite accurate. A special purpose acquisition company (SPAC) is not a company itself in the sense of an operating entity that creates goods or services. A SPAC is a publicly traded investment vehicle in a newly formed company (more like a stock) that raises money—which is why they’re also known as shells or blank checks—which is then used to buy a private company, effectively taking that company public while avoiding the traditional IPO process. The target acquisition typically
has not yet been identified at the time of formation.
Some young need to be eaten! When Matt Gaetz, Marjorie Taylor Green, and Lauren Boebert are your up-and coming wanna-be "leaders" your party is in real trouble!
"That McCarthy is trying to make her a pariah indicates a fight over the future of the Republican Party."
This conclusion is much too understated. A fight over the party's future has been in process since the rise of the Tea Party, if not since Newt Gingrich's ascent in the early 1990s. McCarthy's actions suggest that fight has devolved into the party eating its young in a desperate bid for survival. Consistent with Trump's style it's impulsive, bullying, petulant, and devoid of any sophisticated strategy to move forward.
Also, I don't mean to be pedantic but a clarification if you will. Matt Levine's description of a SPAC (or the interpretation of his description) isn't quite accurate. A special purpose acquisition company (SPAC) is not a company itself in the sense of an operating entity that creates goods or services. A SPAC is a publicly traded investment vehicle in a newly formed company (more like a stock) that raises money—which is why they’re also known as shells or blank checks—which is then used to buy a private company, effectively taking that company public while avoiding the traditional IPO process. The target acquisition typically
has not yet been identified at the time of formation.
Hope that helps.
Some young need to be eaten! When Matt Gaetz, Marjorie Taylor Green, and Lauren Boebert are your up-and coming wanna-be "leaders" your party is in real trouble!