I finally broke free... [from the Democrat's mental framework] (Page 1/6)
82-T/A [At Work] AUG 01, 02:53 PM
Very well written, from David Marcus (Billionaire from Meta / PayPal / etc.)
https://x.com/davidmarcus/s.../1818700003810197698


I am crossing the Rubicon and backing the Republican Party and President Trump.

Many — including a former version of myself — get trapped in a mental framework that becomes their identity and prevents them from radically evolving their thinking with new facts and information. I finally broke free from it.

My journey has been a gradual political 180 from where I stood in every previous election. It has been an eye-opening process of disenchantment, zero-basing lifelong beliefs, and rebuilding from there.

In 2017, a good friend enlisted me to pitch the DNC to raise $100M from Silicon Valley founders and executives. The aim was to use these funds and know-how to build a CRM and tech platform to prevent a repeat of Hillary Clinton’s inadequate, outdated 2016 campaign. We met with DNC leadership, who told us we could raise that money, but it would have to go to the general fund; a single-digit percentage would then be allocated to tech. In the wake of one of their most shocking failures, they didn’t want the help.

The next series of realizations began in 2019 while I was at Meta, right after we announced the Libra white paper. I testified before the Senate and the House and subsequently spent significant time in DC, engaging with lawmakers, cabinet members, regulators, and two White House administrations. At the time, I still believed the mainstream idea that Democrats were all about serving the People. However, I was shocked to learn that, for the most part, Republicans cared more deeply about their constituents, while Democrats, in my experience, cared more about government power and control. This is my observation on balance, with many stories to back it up. I also found that more Republicans wanted to understand our project’s goals and took the time to learn about the risks of censoring payments and controlling the network. I found myself remarkably aligned with them.

Then COVID came, revealing more. While I don’t subscribe to the most malicious vaccine conspiracy theories, I do take offense at the censorship machine put in place to hide the origin of the virus from the NIH-funded Wuhan lab and all dissenting voices on vaccinations and lockdowns. At that time, I fully appreciated why Republicans value freedom of speech and preventing censorship.

This trend of spinning and manufacturing a parallel reality to serve the Dem agenda, solidified by complicit mainstream media, hit home with the Hunter Biden laptop story, the coordinated vilification of President Trump and his followers, and President Biden’s cognitive decline — depriving voters of a voice in a proper primary. These examples displayed the hubris of the current Dem leadership. You must think the American people are fools to believe the spin on these issues. I despise this elite vs. general population ideology viscerally.

This version of the Democratic Party is sidelining moderates and centrists and has adopted an increasingly leftist ideology. This drift to the left has dictated policies from which I’ve found myself estranged.

On the domestic front, there has been a total departure from the core American value system of meritocracy, an extreme and weaponized DEI agenda, an open door to massive illegal immigration, and a once-fringe narrative, now mainstream within the party, of vilifying success. This shift is also causing us to fall behind due to an anti-innovation regulatory climate, notably on crypto and soon AI — two non-linear technological breakthroughs that will likely determine tomorrow’s leading countries.

On foreign policy, the administration is exacerbating tensions with Russia through an aggressive NATO expansion narrative focused on Ukraine and prolonging an unwinnable war. This is costing American taxpayers hundreds of billions of dollars, the world hundreds of thousands of lives, depleting the U.S. military arsenal and risking World War III. On Iran, this administration is continuing a misguided Obama-era plan to bring Iran closer to the West by unfreezing Trump-era sanctions, thus giving the Mollahs’ regime the ability to fund terrorism and pursue its anti-America, anti-Israel, and anti-Jewish agenda. The withdrawal from Afghanistan was also handled disastrously. We’re leaving a door open for China to invade Taiwan by coming across as weak. Most importantly to me, concerning Israel, the administration is enabling Iran to fund Hamas and Hezbollah, restraining Israel in its fight against its enemies, thus prolonging another conflict, which is costing more lives on both sides and allowing unprecedented levels of antisemitism to rise at home.

I believe we need a President who is unequivocally pro: America, the Constitution, business, Bitcoin/crypto, innovation, Israel, small government, legal immigration, free speech, meritocracy, and common sense — and anti: regulatory proliferation, illegal immigration, unjust wars, Iran’s current regime, and domestic groups that oppose American values. These issues are central to President Trump’s platform.

Naturally, I disagree with President Trump and the GOP on some issues, particularly women’s reproductive rights. While I’ve come to learn that extreme views exist in both parties, I firmly believe that women should have the unalienable right to make their own decisions on this polarizing topic. President Trump confirmed he was against a national abortion ban and supported the Supreme Court’s decision on maintaining access to mifepristone, which was reassuring and a sign that the party was moving closer to the center.

It’s impossible to close this post without mentioning President Trump’s recent assassination attempt. The courage and resolve he displayed seconds after being hit by a bullet was awe-inspiring for his followers and detractors alike. This was a man, however imperfect, who, at that moment, incarnated the American spirit in the most vivid way, starting to bring a split nation together.

Some claim that reelecting President Trump will bring our democracy to its knees. However, the alternative — having unelected individuals with this much power and no accountability run our government coupled with four more years of bad policies at home and abroad — might present a more significant threat. Neither will likely change in a Harris administration and could potentially worsen.

In this pivotal moment, confronted with the choices we have, I am endorsing and supporting a return to a Republican administration in 2025.


I wanted to tease out this part... right from the beginning:

"...get trapped in a mental framework that becomes their identity and prevents them from radically evolving their thinking with new facts and information."

This is called Cognitive Dissonance.
BingB AUG 01, 03:17 PM
Want to hear an amazing coincidence.

2019, the year Marcus claims to have fallen in love with Republicans, was the exact same year that the government stopped him from establishing a crypocurrency bank without meeting any of the regulations required to open a bank.

Whenever anyone wants to avoid government regulation they start signing the praises of the Republican party.

And anyone who wants to know what happens when the government cuts back on regulations in the finance industry just needs to do a little research on the '08 economic collapse.
williegoat AUG 01, 03:21 PM

quote
Originally posted by BingB:

Whenever anyone wants to avoid government regulation they start signing the praises of the Republican party.



That makes perfect sense. Where do I sign up?
Do I have to learn sign language?
BingB AUG 01, 03:28 PM

quote
Originally posted by williegoat:

That makes perfect sense. Where do I sign up?




So you are unfamiliar with the '08 financial crisis caused by lack of government regulation?
82-T/A [At Work] AUG 01, 03:58 PM

quote
Originally posted by BingB:

So you are unfamiliar with the '08 financial crisis caused by lack of government regulation?




Oh boy... someone remind Fred about HUD and the law passed proposed, which was ultimately passed, by a certain MA Senator to ensure sub-prime lending would be required for every prime lending requirement.

[This message has been edited by 82-T/A [At Work] (edited 08-01-2024).]

BingB AUG 01, 04:16 PM

quote
Originally posted by 82-T/A [At Work]:

ensure sub-prime lending would be required for every prime lending requirement.





I don't know what this means.

Lenders wanted to issue sub prime loans so they could make more money. Removal of government regulation was what allowed them to issue all these sub prime loans. Lenders did not care about high risk because they sold off the risk to investors.

And the biggest problem was the lack of regulation on credit default swaps and the investment vehicles that were used to sell off the high risk of sub prime loans. Wall street investment banks like Lehman Bros are not affected in any way by mortgage regulations because they do not write any mortgages.
ray b AUG 01, 04:50 PM
sam the BANKMAN FREED tryed that

he was con-victed of frauds for stealing billions
he caught 30 years


billionaires see governments as obstacles to their greed
the weaker the nations the stronger they the B-boys are

the interests of the 0.01% are not ours at all
and never were
BingB AUG 01, 06:11 PM

quote
Originally posted by ray b:


billionaires see governments as obstacles to their greed



And they are absolutely correct.

We have to have a capitalist economy to drive innovation and efficiency. But capitalism values profits over things like the environment and human life. And that is one of the main reasons we need a strong government. Without one we would all be exploited by the wealthy. And that is not just a theory. It is a fact proven by history.
82-T/A [At Work] AUG 01, 07:43 PM

quote
Originally posted by BingB:

I don't know what this means.

Lenders wanted to issue sub prime loans so they could make more money. Removal of government regulation was what allowed them to issue all these sub prime loans. Lenders did not care about high risk because they sold off the risk to investors.

And the biggest problem was the lack of regulation on credit default swaps and the investment vehicles that were used to sell off the high risk of sub prime loans. Wall street investment banks like Lehman Bros are not affected in any way by mortgage regulations because they do not write any mortgages.




Sigh... you're blaming the symptoms, you literally don't know what you're talking about.

Barnie Frank, and Senator Chris Dodd (sorry, Barnie was a House rep, not a senator, it's been a while)... they PUSHED regulation that required banks to sell sub-prime mortgages, and in effect de-regulated their loan policies. This was a legislative modification to the Community Reinvestment Act. The whole point was to force banks to issue a certain number of sub-prime mortgages for every certain number of credit-worthy mortgages. Do you remember ACORN? They were the ones that pushed for this for almost a decade, and Dodd / Frank made it happen. There were other requirements too, like banks had to move/build branches into areas that they viewed as typically "underserved" and a whole bunch of other things. Banks were even encouraged to get creative by offering adjustable rate mortgages (which was a disaster). Everything you're saying is a misrepresentation and applying incorrectly what actually happened as the cause.

Mortgage lenders... e.g., the people working at banks that sell mortgages, they obviously get a commission for mortgages sold. But the banks would NEVER have actually sold these mortgages to these people who bought them in the first place, because they had absolutely no business whatsoever even qualifying for them. Government regulations mandated these sub-prime mortgages get sold as part of wealth distribution policies in the CRA. The banks of course didn't want these, and Fannie Mae, and Freddie Mac, both of which were run by the government... continued to buy up these sub-prime mortgages that the other banks needed to quickly get rid of. Democrats, who consistently promised these wealth redistribution policies would work, were quick to blame the repeal of the Glass-Stegal Act... but Barnie Frank was the... I forget what it was called Chairman of the House Finance Committee... and the housing stuff was his baby. He pushed these regulations, and when he saw it turning south, he did nothing... continued to insist everything was fine.

Then it came to a head... and, you know the rest of the story. Sigh...
ray b AUG 02, 10:23 AM
Gop BS

poor people did not crash the markets

they did not invent the fake derivatives default swaps

nor abandon empty homes they planned to flip

and intercity areas went up less by a lot

just more LIES by the RWNJ'S repeated endlessly