Jane Mayer: The Reclusive Hedge Fund Tycoon Behind the Trump Presidency – The New Yorker

Magerman told the Wall Street Journal that Mercer’s political opinions “show contempt for the social safety net that he doesn’t need, but many Americans do.” He also said that Mercer wants the U.S. government to be “shrunk down to the size of a pinhead.” Several former colleagues of Mercer’s said that his views are akin to Objectivism, the philosophy of Ayn Rand. Magerman told me, “Bob believes that human beings have no inherent value other than how much money they make. A cat has value, he’s said, because it provides pleasure to humans. But if someone is on welfare they have negative value. If he earns a thousand times more than a schoolteacher, then he’s a thousand times more valuable.” Magerman added, “He thinks society is upside down—that government helps the weak people get strong, and makes the strong people weak by taking their money away, through taxes.” He said that this mind-set was typical of “instant billionaires” in finance, who “have no stake in society,” unlike the industrialists of the past, who “built real things.”

Another former high-level Renaissance employee said, “Bob thinks the less government the better. He’s happy if people don’t trust the government. And if the President’s a bozo? He’s fine with that. He wants it to all fall down.”

The 2016 Presidential election posed a challenge for someone with Mercer’s ideology. Multiple sources described him as animated mainly by hatred of Hillary Clinton. But Mercer also distrusted the Republican leadership. After the candidate he initially supported, Senator Ted Cruz, of Texas, dropped out of the race, Mercer sought a disruptive figure who could upend both the Democratic Party and the Republican Party. Patterson told me that Mercer seems to have applied “a very Renaissance Technologies way of thinking” to politics: “He probably estimated the probability of Trump winning, and when it wasn’t very high he said to himself, ‘O.K., what has to happen in order for this twenty-per-cent thing to occur?’ It’s like playing a card game when you haven’t got a very good hand.”

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[E]ven Fox didn’t tout Bartiromo’s big scoops on Trump’s legislative agenda, because 10 months into the Trump presidency, nobody is so foolish as to believe that him saying, “We’re doing a big infrastructure bill,” means that the Trump administration is, in fact, doing a big infrastructure bill. The president just mouths off at turns ignorantly and dishonestly, and nobody pays much attention to it unless he says something unusually inflammatory.On some level, it’s a little bit funny. On another level, Puerto Rico is still languishing in the dark without power (and in many cases without safe drinking water) with no end in sight. Trump is less popular at this point in his administration than any previous president despite a generally benign economic climate, and shows no sign of changing course. Perhaps it will all work out for the best, and someday we’ll look back and chuckle about the time when we had a president who didn’t know anything about anything that was happening and could never be counted on to make coherent, factual statements on any subject. But traditionally, we haven’t elected presidents like that — for what have always seemed like pretty good reasons — and the risks of compounding disaster are still very much out there.

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So, does Mitchell make any money on the work, which has been shared so many times? He uploaded a high-res image of the symbol and granted permission for anyone to use it personally for free. But for those who want to support his work or simply want something readymade, you can also buy T-shirts, sweatshirts, mugs, and journals emblazoned with the symbol through Threadless.“I really just want to spread the image as much as possible and cement it in history,” Mitchell says. “In all honesty, the amount I’ve made from my Threadless shop so far is still less than my hourly rate, so I don’t really see it as a big deal. If you look at my Twitter, half the replies are people wanting to know where they can buy a shirt. Threadless is happy to help them out with that, and so I’m happy to let that happen.”Now that the symbol has flooded our streets and our timelines, Mitchell just has one request: “Impeach this idiot already,” he says.

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This is a Waterloo moment for Trump, the tea party and their alliance. They have been stopped in their tracks not only by Democratic opposition but because of a mutiny within their own ranks. Although never particularly liked or respected, it is now clear that they are no longer feared. The bankruptcy of their ideas and their incompetence have been exposed. Their momentum has been dissipated. Their rejection of political norms has itself been scorned. Our long national nightmare may finally be coming to an end.

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+ BTW, I recently upgraded some this and that on the back end of the blog, and it does seem to make comments post much faster [. . .]
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+ I thought you were on WordPress.com, not self-hosted WordPress. I can't find any info on WordPress.com and Gutenberg or Gutenbergerish editing, so I don't know [. . .]
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