Josh Marshall

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Josh Marshall is the founder and Editor-in-Chief of TPM.

Sic Transit

Here’s a morsel of news that shows you how far we’ve come over the last eight years. Donald Trump made a heavy play for the crypto world in the last campaign, promising to be a “crypto president” and courting donors in that space. He’s now in talks to buy (through the parent company of Truth Social) the crypto trading firm Bakkt. This comes after he already founded his own new crypto venture, World Liberty Financial. Bakkt was formerly led by former appointed Sen. Kelly Loeffler, who was later defeated by Sen. Raphael Warnock. This was when Loeffler was an executive at Atlanta-based Intercontinental Exchange (ICE), the parent company of The New York Stock Exchange. Loeffler’s husband Jeff Sprecher is ICE’s CEO. Both Loeffler and Sprecher remain major backers and financial supporters of Donald Trump.

Miscellaneous Thoughts on a Democratic Path Forward Prime Badge
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Because these thoughts are provisional and in process, I’ve decided to package them seriatim, as a list of ideas, possibilities, counters and so forth.

  • One of the shortfalls of the recriminationfests that come after a big political defeat is that the people getting the most attention are usually those shouting loudest and making the most totalizing claims. But there are important caveats and qualifiers to keep in mind. One is that anything obvious, sure-fire and without real costs would have been tried already. There’s no silver-bullet solution. This is just common sense, perhaps even conventional wisdom. At worst, it can be used to stifle new thinking or taking new chances. That’s another important pitfall. But it’s still true.
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Were The American Rescue Plan and the IRA Political Failures? Prime Badge
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I’ve written in general against post-election recriminations since November 5th. This post may seem like one such recrimination on the surface. But I think if you bear with me, you’ll see that it’s really not. I should be clear, too, that being anti-recriminations, whatever that might mean, doesn’t or shouldn’t mean people shouldn’t try to figure out what was done right or wrong, criticize whoever needs to be criticized. Of course they should. What it means to me at least is that in the desolation of a really, really hard defeat, a very consequential one, people shouldn’t rush in to take shots at the folks they’ve always had it in for, using the devastation less as a wound to overcome than an opportunity for the old score-settling.

So here’s the issue I want to discuss.

Until his campaign began to come undone this last summer, it was widely understood and accepted among Democrats that Joe Biden, to the surprise of many, was the most progressive Democratic president, with the most consequential progressive legislative agenda, in at least half a century. This was widely believed because it was unquestionably true. Because of a series of decisions by both Biden and Sen. Bernie Sanders, Biden ended up governing with a trimmed down version of the legislative agenda of the progressive left. What counts here as “trimmed down” is obviously a pretty critical question. There was no Medicare for All. But on lots of policy and regulatory positions, the left’s agenda was Biden’s. This isn’t just me saying this. Ask Bernie Sanders, or at least ask him until a week ago. The point I’m making here really isn’t open to much debate.

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Annals of Mandates

With Donald Trump now appearing to fall below the 50% threshold in the popular vote, according to the most up to date count, it will now fall to the Democrats to speak for the majority of Americans who didn’t vote for him.

The Most Pernicious Anticipatory Obedience Hides in Plain Sight Prime Badge
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In the waning days of the 2024 presidential campaign, Amazon mogul Jeff Bezos became the target of widespread and deserved disgust for nixing The Washington Post’s policy of endorsing presidential candidates to avoid antagonizing Trump. As I wrote at the time, it’s not that there’s anything magical or even necessary about newspaper endorsements. The whole concept strikes me as a bit dated. The issue was why they were being dropped. Bezos wasn’t being paranoid. There is abundant and persuasive evidence that Trump used the levers of government to punish Bezos through Amazon and his Blue Origin space delivery company during his first term. The phrase many people used to describe this behavior is “anticipatory obedience.” (I’ve been told the phrase might originate with Timothy Snyder. I don’t know if he coined it or simply brought it to wider use.) But there’s another kind of anticipatory obedience I’ve seen like a torrent in the days since Trump won the election, and it’s more paradoxical because it comes from people who feel they are the most intense of opposers.

During harrowing times some people become overwhelmed and even lose hope. It’s not a one-way progress. Almost everyone has their moments. But there’s a particular kind of militant doomerism afoot at the moment. Any discussions of next steps in the battle against Trumpism or the preservation of civic democracy, any suggestions or strategies, are met with a chorus of, “don’t you get how it worked under Hitler and Stalin!!?!” Or “don’t you know rules don’t matter to Donald Trump!?!?!”

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The Trump Cabinet Comes Into View

I’ve been mulling a post on Trump’s Cabinet appointments and had planned to share some thoughts about them this afternoon. Today’s appointments, which not surprisingly are of a different character, allow me to add a bit more.

Let’s start with everything up until today. I said the first-thing announcements were different from what many expected. They were mainly not ideologues. They were mostly ride-or-die Trumpers. They had shown Trump they’re 100% loyal and up for anything. In many cases, they had shown little or no Trumpiness before Trump came on the scene. And they were people who if you watch closely don’t actually show that much today that is coming from them organically. They’re just 100% on board for anything Trump tells them to do. There are a few who are ideologues but they’re mainly hawks. Some of those you wouldn’t have been surprised to see in a Mitt or Jeb administration. So in a very Trumpy way, those choices all appear to be totally about loyalty. The White House makes the call to this or that department and it’s “You got it, boss” from any of these people. Yes, some of them are true believers. But they’re true believers in Trump.

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TPM is 24 Years Old Prime Badge
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Today is the anniversary of this site, founded 24 years ago today.

It’s always been one of the features of TPM’s history that these anniversaries come right on the heels of elections — so either another milestone amidst the reverie and relief of good results or a reminder of the long view in the daze of bad ones. And it’s no accident. The site literally began as an effort to cover an election that was already over, or that was supposed to be over. That wasn’t the only reason the site began. I had it hazily in my mind to do something like it. There were even a few false starts at it in the few months before I did. But the election was the trigger. I had planned to spend a week with my then-girlfriend in New Haven after the 2000 election was concluded. But it turned out not to be over. The story was fast-moving, couldn’t wait on daily publishing schedules, let alone the weeks-long ones at my day job at The American Prospect, where I wasn’t going to have free rein in any case. So I just dove in and it never stopped.

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The Aftermath of Competitive Hyperbole Prime Badge
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I think this post will displease or even enrage some readers. But I have to write it. I’ve spent the last several days thinking through various things Democrats will need to do to confront and challenge the incoming Trump administration and things Democrats should now do differently. That is not only with what they’ve learned from this campaign and defeat but with a hand now free of the locked-in realities of Joe Biden’s incumbency and the first two years especially of his administration. That to-do list is critical to get right. The tasks are real, super-important and Democrats need to get down to work on them right away.

But for many people, the dire consequences of Trump’s election are distorting our understanding of just how he was elected. They’re not the same thing. And the difference matters. I see repeated headlines about how the Democratic Party and its political coalition have been “shattered” or are now in “shambles.” I’m having an, I hope, friendly email exchange with one reader who told me this morning that he felt no one, including TPM, prepared him for Trump’s “overwhelming victory.” Analysis pieces in the big papers state as a given that it will take years or possibly decades of rebuilding for the party to recover.

I really have no choice but to say that all of this is immense and innumerate bullshit. This isn’t even a subjective point. What we have is a bout of escalating competitive hyperbole in which the wild overstatement keeps getting ramped up because no one is willing to step up and state the obvious for fear of being shouted down as being in denial or naive or not recognizing the gravity of the crisis or whatever. Without anyone willing to push back, the chorus just keeps moving to more and more over-the-top claims. A party with a bit more self-respect and spine would be less bowled over by claims from the opposition and a press in the habit of portraying Democrats in the most negative terms. But here we are.

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First Hints

The first picks for Trump’s Cabinet show more commonality between terms one and two than some might have expected. None of these are “power” positions in a Trump administration. Those are going to be in the White House, the Pentagon, Justice, CIA and Treasury. But Stefanik, Zeldin and Rubio aren’t ideologues either. They’re mostly loyalists, people who remade themselves not so much in Trump’s image as reflexive supporters. Marco Rubio is less a hardliner than a thin and insubstantial slice of soap. What he is mostly is servile, soft. At least in these positions that seems to be what Trump wants – people who’ve already been broken in.

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Reckonings of Contempt

You can’t turn a virtual page these days without finding a new article or column or editorial forecasting or demanding a “reckoning” for Democrats after Donald Trump defeated Kamala Harris for the presidency. In some respects that’s as it should be. It was a critical election and Democrats came up short. So it’s important to ask why and come up with good answers to launch back into the fight against Trumpism and everything it represents. But it would be my failure if I didn’t point out that many of these reckoningers, let’s call them, are born of the same tilted playing field we discussed leading up to this defeat and played some role in creating it.

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