Excitable Maxine Waters Coming After Crypto, Prediction Markets, Private Equity

By William Teach November 7, 2026 – 7:00 am

What could possibly go wrong? And this is totally about affordability, right?

Launching chair bid, Waters targets crypto, prediction markets, private equity

Rep. Maxine Waters on Friday launched her bid to again lead Democrats on the House Financial Services Committee, vowing to “pursue a bold agenda focused on affordability, accountability, and accessibility,” according to a letter to colleagues obtained by POLITICO. (snip)

Waters laid out an array of details about her potential agenda as chair, writing that she wants to pursue housing efforts “expanding affordable housing programs and reforming mortgage finance,” find a way to “permanently and independently” fund the Consumer Financial Protection Bureau and “help our community banks by reforming deposit insurance.” She also said in the letter she wants to “pass legislation to stop Trump’s crypto corruption, establish tough but fair rules of the road for legitimate crypto ventures, and create safeguards to protect consumers, small businesses, community banks and the financial system.”

The five-page letter, which represents the most detailed preview of her agenda yet, vows to “rein in bad private equity actors and bring this unaccountable industry out of the shadows and subject it to oversight and regulation” and “eliminate the junk fees that are nickel-and-diming our constituents, such as overdraft fees, late fees, convenience fees, and over-the-limit fees.”

Affordable housing tends to raise prices, especially when government is involved. Crypto? As Reagan said “if it moves Democrats want to regulated it.” Mess with deposit insurance? Moron. Private equity? I think we all kind of hate it and what it does to businesses, but, you know this will seriously backfire on the economy and private investment. All those fees? Yeah, we hate those too, but, we all know Democrats will turn the amp up to 23 and there will be serious unintended consequences.

She also pledged to “pass legislation to ‘AI proof’ our financial system and economy” and “rein in predatory lending and predatory platforms, including prediction markets, so that our constituents keep more of their hard-earned dollars in their pockets.”

Prediction markets are simply gambling on things other than sports and racing. If people want to waste their money that’s on them, not the government’s business. Especially since government legalized all this gambling. Most predatory lending has being reigned in. AI proof? Unintended consequences.

Waters touted her record in the letter, writing that she knows “how to strike deals, even with Trump officials.”

“At a time when Americans are demanding that Congress deliver results, the Financial Services Committee needs experienced leadership that will address the crushing affordability crisis, expand access to housing, foster a dynamic and fair financial system, and hold the corrupt Trump Administration accountable. I am ready and fired up to lead that charge,” she wrote.

Strike deals with Trump but also screw him and his people.

This might be 7 years old, but, her district is still like this. Maybe she should be concerned about them.

Read: Excitable Maxine Waters Coming After Crypto, Prediction Markets, Private Equity »

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If All You See…

By William Teach November 6, 2026 – 1:00 pm

…is a sea that will soon rise dozens of feet because we told you so, shut up and stop denying Science!, you might just be a Warmist

The blog of the day is Pacific Pundit, with a post on “Cool! Newly elected Troy Jackson wants someone other than Chuck Schumer as Senate Majority Leader”

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Good Grief: Democrats To Probe Trump’s Future Presidential Library

By William Teach November 6, 2026 – 10:30 am

You thought Democrats freaking out and suing over things like renovating the East Wing and the East Potomac Golf Links?

Trump’s $950 Million Library Plan Faces Congressional Probe

President Donald Trump is expected to devote greater attention to his presidential library during his final two years in office, as the project attracts tens of millions of dollars from corporations and political allies while facing the prospect of congressional investigations, CBS News reported Thursday.

The Donald J. Trump Presidential Library Foundation, overseen by Trump’s son Eric Trump and son-in-law Michael Boulos, projects raising $950 million by the end of 2027, including $600 million next year, according to an October 2025 IRS application obtained by CBS News.

With Democrats poised to control both chambers of Congress in January following Tuesday’s midterm elections, lawmakers are promising increased scrutiny of the foundation’s finances.

“The donors bankrolling his personal vanity project will have to answer to a new majority in Congress,” Sen. Elizabeth Warren, D-Mass., told CBS News.

Much of the foundation’s funding stems from settlements involving companies Trump previously sued.

Hence, Democrats will spend time engaged in extended Ultra TDS. But, hey, the more time they waste on this tilting at windmills the less time they have to screw up the country.

Meanwhile

Republican Ballot Measures Were Victorious Across the Country. What Does That Mean for Republicans?

Tuesday night was nothing short of a blue tsunami, as I’m sure you need no reminder. But one of the more striking results was that even as Republicans lost, Republican-backed ballot measures, from voter ID to restrictions on transgender policies, across the country won. That should send a very particular message to Republicans heading into 2028.

While the country saw Democrat after Democrat win, majorities in Ohio, North Carolina, Nevada, Arkansas, Kansas, South Dakota, West Virginia, and Alaska backed ballot measures requiring voter identification or limiting voting to American citizens. In Arizona and Nebraska, transgender-related ballot measures also passed overwhelmingly. Voters in several states, even California, also overwhelmingly rejected tax increases.

That points to a distinction Republicans need to understand if we are to move forward effectively: last night was a referendum against Republicans, not an endorsement of Democrats. Dissatisfied Republican voters and independents weren’t suddenly embracing socialism or progressivism. They wanted a check on President Trump’s use of executive power and on policies that, although initially popular, became unpopular because of how they were rolled out. Kristi Noem’s handling of ICE raids is but one example.

No worries, the Republican Elites will screw it up, just like they have so much during this century.

Read: Good Grief: Democrats To Probe Trump’s Future Presidential Library »

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California Judge Rules Against Carbon Capture Project

By William Teach November 6, 2026 – 7:15 am

The amount of Blue on Blue in this is amazing

Court rules against California’s first carbon capture project, a key piece of state climate plans

A Kern County judge ruled that approval of California’s first operating carbon capture and storage project — a technology the state is counting on to meet its climate goals — violated state environmental law and must be set aside.

Judge Marcos Camacho found that environmental review of California Resources Corp.’s TerraVault project, which Kern County supervisors approved in October 2024, fell short in several ways. Among them, it failed to analyze the industries expected to supply the project with carbon dioxide.

Because the judgment is not yet final, it’s not clear when CRC must stop injecting carbon dioxide and suspend the facility’s operations. A real-time project tracker on the company’s website indicates that carbon injection continues.

Carbon TerraVault 1 — the first of at least nine carbon storage projects the company plans around the state — is designed to collect up to 46 million metric tons of carbon dioxide, according to CRC. The company is injecting carbon deep underground in a Kern County oil field to keep it from warming the atmosphere. The project began operating earlier this year after a lengthy and controversial approval process.

Kern County policymakers hoped the project — and others that might crop up nearby to send carbon to the reservoirs — would provide a much-needed infusion to the county’s oil-dependent economy as California moves away from fossil fuels.

A left wing judge ruling against a left wing project approved by left wing supervisors performing a left wing approved environmental review is a chef’s kiss.

Read: California Judge Rules Against Carbon Capture Project »

Posted in AGW Idiocy, Global Warming | 3 Comments | Trackback URL

Moonbats Petition To Remove Hakeem Jeffries As “Establishment”

By William Teach November 6, 2026 – 7:00 am

It didn’t take long for the baying at the moon to start, eh?

Petition to replace Hakeem Jeffries as Democrats’ House Speaker hits 500k signatures

A petition calling on House Democrats not to support House Minority Leader Hakeem Jeffries as the next Speaker has hit 500,000 signatures, according to its creator.

The petition, which labels Jeffries part of the “Democratic establishment,” suggests Democratic leaders are likely to remain under pressure from their party’s left-wing over both personal and policy choices. It was created by Nicole Whitted, an author and Democratic supporting social media creator with over 210,000 followers on TikTok.

Whitted’s petition, titled “House Democrats: CHOOSE A NEW SPEAKER,” urges House Democrats to “HOLD A COMPETITIVE ELECTION FOR SPEAKER!”

It argues that “Hakeem Jeffries is simply not the right choice” for Speaker adding: “We believe the Speaker should represent the Democratic voters, not just the Democratic establishment.”

LOL. In fairness, the GOP had issues with their speaker, but, Jeffries was actually getting things done, while ours were pure Squish. And, come on, at this even Democrats like AOC and Ilhan Omar are establishment. Meanwhile

Democrats’ “Affordability” Hoax Comes into Full View

It didn’t take long for Democrats to drop the mask and reveal that they have no real intention of delivering on the “affordability” promises that filled their campaign ads. Their real agenda? Endless political witch hunts and pointless impeachments.

It’s no secret that Democrats are downright giddy at the prospect of retaking full control of Congress. But what they seem to be most excited about is using their subpoena and investigatory powers to harass and frustrate not just President Donald Trump, but the entire executive branch, Big Tech executives, Republican donors, and anyone else who gets in their way.

As it became clear that Democrats would win the House, Rep. Robert Garcia (D-CA), who now looks set to become chair of the House Oversight Committee, posted on X, “LAWYER UP.” Other Democrats echoed that message, with Oregon Senator Ron Wyden issuing a post that simply read “Subpoenas.”

Massachusetts Senator Ed Markey, meanwhile, declared that “they are going to need to plant new forests for all of the subpoenas we’ll be printing,” and Rep. Delia Ramirez (D-IL) rattled off a list of Trump administration officials that should expect to be hauled before Congress. Democrats reportedly have even already put out job postings for investigators.

Democrats should remember the old saying “what goes around comes around.” And, without trying to hyperbolic, they look like they are trying to start Civil War 2.0. They’re already talking about a national gun registration. Doing away with the Electoral College, even backdooring that.

So, in short, any impeachments will yet again be nothing more than political theater. The first two Trump impeachments cost an estimated $13.4 million, and that’s not to mention the hidden costs of wasting time that could be spent legislating on performative political witch hunts. The party that promised “affordability” is going to spend most of the next two years abusing its power to exact revenge on their enemies – and it won’t do a thing to lower costs for anyone.

The Clinton’s brought about “the politics of personal destruction.” Democrats are now at the point of “the politics of revenge.” This won’t go well.

Read: Moonbats Petition To Remove Hakeem Jeffries As “Establishment” »

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Will Dems Midterms Win Renew Fight Against Slight Warming?

By William Teach November 5, 2026 – 3:44 pm

Will Democrats even remember to push legislation during their witch hunts?

Will the blue wave renew the fight against climate change?

A slate of new progressives will be heading to Washington next year, many of whom cite climate action as a top priority.

Here & Now’s Scott Tong speaks with Jake Bittle of Grist about what the midterm results could mean for climate action moving forward.

There’s audio of the conversation at the link. Let’s go to

A new group of Democrats is coming. Climate isn’t their priority.

The midterms made it clear that Democrats are no longer the Green New Deal party.

The moderate slate of candidates that swept Republicans out of power — in conservative strongholds from Texas to South Carolina — ran heavily on the rising price of energy, rather than energy’s cost on the environment.

That suggests the party’s new complexion could prevent it from leaning into assertive climate messaging, even as Democrats seek to expand clean energy.

So, pretty much no? The rest is behind a paywall I cannot break at the momemnt

What Experts Think the Democratic Blue Wave Will Mean For Climate Action

…

The next two years likely won’t bring aggressive climate policy, nonetheless a shift is expected as a result of the midterms. “Are we going to see ambitious climate action? The answer is no,” says Ken Gillingham, professor of environmental and energy economics at the Yale School of the Environment. “We still have an executive branch with a veto power controlled by President Trump, and so anything that is done would have to make it through the veto.”

But while Democrats might be unable to reverse many of the rollbacks, the midterms now give them, “a stronger hand to play,” says Geoffrey Henderson, assistant professor of environmental policy and planning at the University of Michigan.

One priority might be to reinstate billions of dollars in climate funding that President Trump has withheld. Chellie Pingree, a Democrat who won reelection in Maine, serves on the House Appropriations Committee and has said that she plans to force the administration to spend climate money.

If Democrats weren’t unhinged moonbats who will spend most of their time “investigating” and impeaching, they would have a chance to do things like make an honest deal to fund wind and solar and such, get the EV tax credits back, in exchange for more natural gas and especially nuclear. They won’t.

It is funny that they’ve been demonizing fossil fuels, and barely said a word about high gas prices under Biden, but, now love them some low gas prices.

Read: Will Dems Midterms Win Renew Fight Against Slight Warming? »

Posted in Democrats, Global Warming | 1 Comment | Trackback URL

If All You See…

By William Teach November 5, 2026 – 1:00 pm

…is paint which is coming off due to Bad Weather, you might just be a Warmist

The blog of the day is 357 Magnum, with a post on “Relatives of Dead Criminals Don’t Like Self-Defense”

Again, my apologies, bots and bad spiders are slamming my server, messing with the CPU and RAM. But, I’m not going to jump up to a higher tier and pay $138 a month for hosting. All I can do is restart the server and wait till this crap ends.

Read: If All You See… »

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Cost Of DSA Policies? $49 Trillion

By William Teach November 5, 2026 – 10:30 am

That’s a big number. Would $355K per household over 10 years be more manageable?

DSA leader dismisses $49T cost estimate for socialist policies as a ‘made-up number’

Democratic Socialists of America (DSA) national co-chair Megan Romer was pressed on Fox News about how much socialist policies will cost American taxpayers after DSA-backed candidates made significant gains in midterm elections.

The White House Council of Economic Advisers (CEA) estimated that DSA policy proposals, including Medicare for All and student debt cancellation, would cost taxpayers $49 trillion. Romer, who said the group’s incoming lawmakers will prioritize affordability, dismissed the staggering price tag as “outrageous,” calling it a “made-up number.”

“The White House, who does not like us very much, managed to come up with some math that made us look bad,” Romer said on “The Story.” “But we don’t agree with these numbers.”

So, what are the numbers, sweety?

The CEA’s report estimated the DSA’s policy wish list will cost about $355,000 per American household over the next decade.

After rejecting the administration’s figures, Romer declined to offer an independent estimate of her own when pressed by Fox News anchor Martha MacCallum, saying the cost “depends.”

That’s an interesting economic policy, but, consider that so many of these DSA wackos have rich daddies, so, really do not understand the cost of things. They’re Theater Kids, so, it’s easy to offer Free Stuff without a consideration of what it will cost.

Remember, California estimated that single payer, er, Medicare For All, would cost double the current California budget, and wasn’t really sure where the money would truly come from.

“There’s no, like, one, solid number because it depends on what pieces we can build in the meantime,” the DSA leader said. “So it’s about building up programs and then sunsetting old, bad programs, and that number is going to shift as we pass various things.”

“I’m not going to give you a solid number. That’s not what I’m here to do,” she continued. “What I’m here to do is talk about how we collectively can democratically decide how we want our money to be spent.”

It’s easy to throw out policies. Once the actual adult thing of explaining how to pay for it comes into play things get a bit more squishy. Heck, look what happened with Obamacare. The financials are not doing particularly well, and it is even more trash without massive government subsidies. The DSA nutters aren’t actually very good at offering written plans and how they would work and how they would be paid for. I can’t find any of this on their website, but, they do have “Free Resources for making democratic socialist art and designs for your chapter.”

But, you know, “We must replace capitalism with democratic socialism”, so, they have a store selling T-shirts for $30. Seriously, they might yammer about it, but, they do not have anything approaching an action plan for Medicare for All, nor a true cost analysis. Nor for anything else. It’s all feelings based.

Sadly, though, a lot of people fall for this crap. And are indoctrinated into it in schools.

Read: Cost Of DSA Policies? $49 Trillion »

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Judge Allows Climalawfare Suit To Proceed In Oregon

By William Teach November 5, 2026 – 7:15 am

Will they also be shutting down the Portland international airport? How about the shipping ports? They all use a ton of fossil fuels. How about Portland getting 43% of its power from natural gas?

Oregon judge allows Multnomah County climate lawsuit against fossil fuel giants to advance

An Oregon judge will allow the climate lawsuit Multnomah County’ filed more than three years ago against some of the world’s largest fossil fuel companies to move forward.

Multnomah County Circuit Court Judge Adele J. Ridenour issued her decision Monday denying 20 of 21 arguments the fossil fuel defendants made to dismiss the 2023 case. Ridenour’s decision allows the case to continue to move toward a trial.

Multnomah County filed the $51 billion lawsuit against Chevron, Exxon, ConocoPhillips, Shell and the American Petroleum Institute, among several other companies and industry groups, following the 2021 heat dome when temperatures for five days in a row reached more than 100 degrees and R69 people in the county died. The Capital Chronicle reached out Wednesday to lawyers for those companies and the petroleum institute, as well as lawyers for seven other defendants but did not hear back. (snip)

The decision to allow the case to move forward comes months after Ridenour in June heard two days of oral testimony from the fossil fuel defendants, who argued centrally that Multnomah County is trying to effectively impose penalties on global and interstate pollution, which, under the federal Clean Air Act, is a power that the U.S. government, not state governments, hold.

But Ridenour said that while the county does find the companies’ fossil fuel pollution is at fault for the 2021 heat dome, the county is not seeking damages for the pollution itself, but for the companies’ deceptions to Oregonians, which allowed the pollution to continue to occur for decades.

Well, that’s novel, but, if it makes it out of county court, it will get squashed, either at the state level or the federal level, and the county will have wasted enormous amounts of taxpayer money on this tilting. Still, I once again recommend that all the named fossil fuels companies immediately stop selling to at least the plaintiffs and any who have signed on. Why would you do business with someone suing you?

Read: Judge Allows Climalawfare Suit To Proceed In Oregon »

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Voters Who Use A Ton Of Data Reject Data Centers For Midterms

By William Teach November 5, 2026 – 7:00 am

The people do realize how much data they are using, right? That a goodly chunk are using AI to do so? And all their streaming? And this that and the other? I guess this is the newest version for NIMBY

Data centers rejected by voters across the country — challenging the AI boom

Voters across the country delivered a sweeping rebuke to data center development in Tuesday’s midterm elections, approving restrictions on the massive facilities that have become central to the AI boom and electing officials who have promised to rein in their construction.

The results pose a new challenge to the building boom that has helped power U.S. economic growth and stock market gains, bringing in trillions of dollars in investments, in addition to a large amount of backlash.

Some 41 measures related to restricting or permitting data centers across ten states were up for consideration in the midterms, with Ohio alone accounting for half, per Ballotpedia, an election-focused nonprofit. In all but one of those measures, voters opted to restrict (or to not approve) data center construction, though four measures remained officially undecided as of Wednesday afternoon. Data-center skepticism crossed party lines, with restrictions passing in traditionally red states like Kansas and Florida, as well as liberal strongholds like California and New Jersey.

Many of the AI-focused measures would temporarily restrict the construction of new, large data centers, while others would restrict their location to industrial areas and place limitations on their environmental impacts. Five of the petitions or referendums approved Tuesday would allow data center construction as long as the facilities used fewer than 25 megawatts. Data centers built for AI purposes often require more than 100 megawatts.

I wonder how many who voted against these measures jumped into their vehicles, put on Android Auto or Apple Carplay, cranked up iHeart Radio or Pandora or Spotify or something, then doom-scrolled while waiting in line, then posted about how they voted against data centers on Insta or TikTok or something.

Across the country, voters also elected candidates — such as incoming Texas Governor Gina Hinojosa — who promised to rein in data centers’ construction or put strict guardrails around their use. NBC’s exit poll found more than half of voters said AI and data centers were “a major factor” in their vote for Congress. Approximately 76% of respondents said that they would oppose the construction of a data center in their community.

She, and others, are aware they used massive amounts of internet data to campaign, right?

Experts and pollsters attribute the backlash to a variety of root causes: frustration with growing income inequality and the billions of dollars tech tycoons stand to reap from AI; worries about catastrophic risks from AI; and more prosaic concerns about noise and health impacts.

Sigh.

Read: Voters Who Use A Ton Of Data Reject Data Centers For Midterms »

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