The group of life-long Republican Party consultants who, under the name “The Lincoln Project,” got very rich in 2020 with anti-Trump online messaging has spent weeks responding to numerous scandals on multiple fronts. Despite the gravity of those scandals, its conduct on Thursday night was in a whole new category of sleaze. It not only infuriated their long-time allies, but also constituted the abuse of Twitter’s platform to commit likely illegal acts.

It has been just slightly more than three months since I resigned from The Intercept to return to independent journalism. These last three months have been intense and, even more so, exhilarating — largely due to the incredible and gratifying support from readers, for which I am deeply thankful. But the intensity of the last three months is also due to …

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A remarkable series of events culminated in at least one major Wall Street hedge fund on the verge of insolvency and widespread anxiety and even panic from the titans of the financial system. It was all initiated on a sub-group of Reddit known for its heterodox interest in stock markets, video games, and vaguely populist politics. 

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Purposely targeting the stock of a company that had long been written off by Wall Street and which short sellers had decided to ravage — the video game retailer GameStop — these small investors, many apparently working class or debt-ridden, banded together to drive up the stock price of that company into the stratosphere, abruptly leaving the hedge fund short-sellers with billions of dollars in losses.

Although it may be more complex than this once all the facts are all known, this is being treated — by those excited by it and those aghast — as a type of populist uprising, a David v. Goliath tale in which ordinary people united to brilliantly beat Wall Street at its own game, thereby transferring plutocratic wealth back to the public. Oligarchs and their media spokespeople spent all day on CNBC and other pro-Wall-Street outlets expressing outrage and demanding government intervention to protect them from what they regard as this grave injustice.

And the sub-Reddit has now been banned by at least one platform, on the highly suspicious ground that it was due to “hate speech” and not the use of this group to sabotage Wall Street billionaires (what a remarkable coincidence of timing that this sub-Reddit’s “hate speech” suddenly crossed a line exactly as hedge fund managers were demanding their heads; the page continues, however, to appear on Reddit itself).

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In the video below, I discuss what happened and what the implications are. One note about the video: though I do discuss the amorphous and trans-ideological politics driving both the Reddit uprising and the reaction to it, that topic in particular merits much more consideration. Liberal journalists and pundits love to mock the idea that “economic anxiety” drives anything remotely adjacent to right-wing populism — the primary drivers are racism and other types of bigotry, they insist in unison — yet all one has to do is spend any non-trivial amount of time in that sub-Reddit to see genuine and significant levels of rational economic anger often quite untethered, even hostile, to left-liberal cultural pieties and political niceties. Given their recent noble success, everyone now wants to claim these Redditors as their own, but their politics, like many people’s, defy the clean left-right dichotomy on which the professional media and punditry classes depend, the only prism through which they can understand the world.

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This is one of the most interesting and potentially significant events — not just financially but culturally and politically — to happen in some time, and I try here to explain the key components and highlight some of the most consequential implications [note that this video was filmed late last night before the banning of the sub-Reddit by Discord on obviously specious grounds and, far worse, the corrupted banning this morning by major trading platforms, including RobinHood, of any attempts to buy GameStop and other targeted stocks while still allowing them to be sold: the ultimate expression of what should be illegal market manipulation to protect hedge funds]:

A remarkable series of events culminated in at least one major Wall Street hedge fund on the verge of insolvency and widespread anxiety and even panic from the titans of the financial system. It was all initiated on a sub-group of Reddit known f…

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Washington, DC has been continuously militarized beginning the week leading up to Joe Biden’s inauguration, when 20,000 National Guard troops were deployed onto the streets of the nation’s capital. The original justification was that this show of massive force was necessary to secure the inauguration in light of the January 6 riot at the Capitol.

But with the inauguration over and done, those troops remain and are not going anywhere any time soon. Working with federal law enforcement agencies, the National Guard Bureau announced on Monday that between 5,000 and 7,000 troops will remain in Washington until at least mid-March.

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The rationale for this extraordinary, sustained domestic military presence has shifted several times, typically from anonymous U.S. law enforcement officials. The original justification — the need to secure the inaugural festivities — is obviously no longer operative.

So the new claim became that the impeachment trial of former President Trump that will take place in the Senate in February necessitated military reinforcements. On Sunday, Politico quoted “four people familiar with the matter” to claim that “Trump’s upcoming Senate impeachment trial poses a security concern that federal law enforcement officials told lawmakers last week requires as many as 5,000 National Guard troops to remain in Washington through mid-March.”

The next day, AP, citing “a U.S. official,” said the ongoing troop deployment was needed due to “ominous chatter about killing legislators or attacking them outside of the U.S. Capitol.” But the anonymous official acknowledged that “the threats that law enforcement agents are tracking vary in specificity and credibility.” Even National Guard troops complained that they “have so far been given no official justifications, threat reports or any explanation for the extended mission — nor have they seen any violence thus far.”

It is hard to overstate what an extreme state of affairs it is to have a sustained military presence in American streets. Prior deployments have been rare, and usually were approved for a limited period and/or in order to quell a very specific, ongoing uprising — to ensure the peaceful segregation of public schools in the South, to respond to the unrest in Detroit and Chicago in the 1960s, or to quell the 1991 Los Angeles riots that erupted after the Rodney King trial.

Deploying National Guard or military troops for domestic law enforcement purposes is so dangerous that laws in place from the country’s founding strictly limit its use. It is meant only as a last resort, when concrete, specific threats are so overwhelming that they cannot be quelled by regular law enforcement absent military reinforcements. Deploying active military troops is an even graver step than putting National Guard soldiers on the streets, but they both present dangers. As Trump’s Defense Secretary said in response to calls from some over the summer to deploy troops in response to the Black Lives Matter and Antifa protests: “The option to use active duty forces in a law enforcement role should only be used as a matter of last resort, and only in the most urgent and dire of situations.” 

Are we even remotely at such an extreme state where ordinary law enforcement is insufficient? The January 6 riot at the Capitol would have been easily repelled with just a couple hundred more police officers. The U.S. is the most militarized country in the world, and has the most para-militarized police force on the planet. Earlier today, the Acting Chief of the Capitol Police acknowledged that they had advanced knowledge of what was planned but failed to take necessary steps to police it.

Future violent acts in the name of right-wing extremism, as well as other causes, is highly likely if not inevitable. But the idea that the country faces some sort of existential armed insurrection that only the military can suppress is laughable on its face.

Recall that ABC News, on January 11, citing “an internal FBI bulletin obtained by ABC News,” claimed that “starting this week and running through at least Inauguration Day, armed protests are being planned at all 50 state capitols and at the U.S. Capitol.” The news outlet added in highly dramatic and alarming tones:

The FBI has also received information in recent days on a group calling for “storming” state, local and federal government courthouses and administrative buildings in the event President Donald Trump is removed from office prior to Inauguration Day. The group is also planning to “storm” government offices in every state the day President-elect Joe Biden will be inaugurated, regardless of whether the states certified electoral votes for Biden or Trump.

None of that happened. There was virtually no unrest or violence during inauguration week — except for some anti-Biden protests held by leftist and anarchist protesters that resulted in a few smashed windows at the Oregon Democratic Party and some vandalism at a Starbucks in Seattle. “Trump supporters threatened state Capitols but failed to show on Inauguration Day,” was the headline NBC News chose to try to justify this gap between media claims and reality.

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This threat seems wildly overblown by the combination of media outlets looking for ratings, law enforcement agencies searching for power, and Democratic Party operatives eager to exploit the climate of fear for a new War on Terror.

But now is not a moment when there is much space for questioning anything, especially not measures ostensibly undertaken in the name of combatting white-supremacist right-wing extremism — just as no questioning of supposed security measures was tolerated in the wake of the 9/11 attack. And so the scenes of soldiers on the streets of the nation’s capital, there in the thousands and for an indefinite period of time, is provoking little to no concern.

What makes this all the more remarkable is that a mere seven months ago, a major controversy erupted when The New York Times published an op-ed by Sen. Tom Cotton (R-AR) which, at its core, advocated the deployment of military troops to quell the social unrest, protests and riots that erupted over the summer after the killing in Minneapolis of George Floyd. To justify the deployment of National Guard and active duty military forces, Cotton emphasized how many people, including police officers, had been seriously maimed or even killed as part of that unrest:

Outnumbered police officers, encumbered by feckless politicians, bore the brunt of the violence. In New York State, rioters ran over officers with cars on at least three occasions. In Las Vegas, an officer is in “grave” condition after being shot in the head by a rioter. In St. Louis, four police officers were shot as they attempted to disperse a mob throwing bricks and dumping gasoline; in a separate incident, a 77-year-old retired police captain was shot to death as he tried to stop looters from ransacking a pawnshop. This is “somebody’s granddaddy,” a bystander screamed at the scene.

(Cotton’s claim that police officers “bore the brunt of the violence” was questionable, given how many protesters were also killed or maimed, but it is true that numerous police officers were attacked, including fatally).

Cotton acknowledged that the central cause of the protests was a just one, noting they were provoked by “the wrongful death of George Floyd.” He also strongly affirmed the right of people to peacefully protest in support of that cause, accusing those justifying the violence of “a revolting moral equivalence of rioters and looters to peaceful, law-abiding protesters,” adding: “A majority who seek to protest peacefully shouldn’t be confused with bands of miscreants.”

But he insisted that, absent military reinforcements, innocent people, principally ones in poor communities, will suffer. “These rioters, if not subdued, not only will destroy the livelihoods of law-abiding citizens but will also take more innocent lives,” Cotton wrote, adding: “Many poor communities that still bear scars from past upheavals will be set back still further.”

The backlash to the publication of this op-ed was immediate, intense, and, at least in my memory, unprecedented. Very few people were interested in engaging the merits of Cotton’s call for a deployment of troops in order to prove the argument was misguided.

Their view was not that Cotton’s plea for soldiers in the streets was misguided, but that advocacy for it was so obscene, so extremist, so dangerous and repugnant, that the mere publication of the op-ed by The Paper of Record was an act of grave immorality.

“I’ll probably get in trouble for this, but to not say something would be immoral. As a black woman, as a journalist, I am deeply ashamed that we ran this,” pronounced the paper’s Nikole Hannah-Jones in a now-deleted tweet. The New York Times Magazine writer Taffy Brodesser-Akner posted a multi-tweet denunciation that compared Cotton to an anti-Semite who “says, ‘The Jew is a pig,’” argued that “hatred dressed up as opinion is not something I have to withstand,” and concluded with this flourish: “I love working at the Times and most days of the week I’m very proud to be part of its mission. But tonight, I understand the people who treat me like I work at a tobacco company.”

Former NYT editor and Huffington Post editor-in-chief Lydia Polgreen announced, also in a now-deleted tweet: “I spent some of the happiest and most productive years of my life working for the New York Times. So it is with love and sadness that I say: running this puts Black @nytimes staff – and many, many others – in danger.” That publication of the Cotton op-ed “puts Black New York Times staff in danger” became a mantra recited by more journalists than one can list.

Two editors — including the paper’s Editorial Page editor James Benett and a young assistant editor Adam Rubenstein — were forced out of their jobs, in the middle of a pandemic, for the crime not of endorsing Cotton’s argument but merely airing it. Media reports attributed their departure to a “staff revolt.” The paper itself appended a major editor’s note: “We have concluded that the essay fell short of our standards and should not have been published.” In addition to alleged flaws in the editorial process, the paper also said “the tone of the essay in places is needlessly harsh and falls short of the thoughtful approach that advances useful debate.”

There is a meaningful difference between deploying National Guard troops and active duty soldiers on American streets. But both measures are extraordinary, create a climate of militarization, have a history of resulting in excessive force against citizens engaged in peaceful protest and constitutionally protected dissent, and present threats and dangers to civil liberties far beyond ordinary use of law enforcement.

Why was the idea of troops in American streets so grotesque and offensive in June, 2020 but so normalized now? Why were these troops likely to indiscriminately arrest and murder black reporters and other journalists over the summer but are now trusted to protect them? And what does it say about the current climate, and the serious dangers it poses, that the public is being trained so easily to acquiesce to extreme measures in the name of domestic security?

We are witnessing the media and their public treat what ought to be regarded with great suspicion as not only normal but desirable, all through the manipulation of fears and inflation of threats. That does not bode well for those who seek to impede the imminent attempt to begin a new domestic War on Terror.

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