Things That Matter

Rep. AOC Calls Out Sen. Ted Cruz After He Tried To Join Her Fight Against Robinhood

The story about Reddit users gaming the stock market at the detriment of hedge fund managers has caught everyone’s attention. Rep. Alexandria Ocasio-Cortez is ready to go after Robinhood for their action to stop people from gaming the system that the elite and rich game every day.

Rep. Alexandria Ocasio-Cortez is ready to take on the Robinhood app for intentionally disenfranchising people using the stock market.

There is a lot of buzz about the stock market right now. The GameStop stock soared unexpectedly and everyone was shocked. Then it was discovered that a group of people on Reddit noticed that hedge fund managers were dumping the stock in mass. In response, amateur traders bought the GameStop stock with a vengeance to push GameStop’s value from $2 billion to $24 billion in a matter of days. It was a decisive victory against Wall Street that was celebrated across all social media platforms.

In response, to protect the hedge fund managers, stock trading apps like TD Ameritrade and Robinhood, stopped new trading and buying of the stocks in question. The move has drawn sharp criticism as it appears the move was made to hinder the efforts of amateur investors to the betterment of the hedge fund managers angered to be losing at their own game.

“It is not uncommon for us to make such decisions, which we consider on an individual basis, in the interest of mitigating risk,” a TD Ameritrade spokesperson told CNET. “We have been adjusting our requirements for several days as we continued to see trends indicating unusual volume in an unprecedented market environment, which appear to be divorced from traditional market fundamentals. We have made what we believe to be prudent and appropriate decisions to place some limits on certain transactions for certain securities.”

Sen. Ted Cruz, in an opportunistic tweet, appeared to side with Rep. AOC.

Rep. AOC and Sen. Cruz have a highly publicized strained relationship. The two politicians are polar opposites in their beliefs and styles of governing. Sen. Cruz’s tweet in support of finding out the reason behind Robinhood’s actions was not a welcomed sight.

People have responded to the tweet confused by Sen. Cruz’s interest is siding against Wall Street. Others are highlighting that the trading apps are directly manipulating the market in favor of the hedge fund managers and trying to force the retail investors to sell to the benefit of the hedge fund managers.

Rep. AOC is not interested in working with Sen. Cruz.

Sen. Cruz along with Sen. Josh Hawley, have faced resounding criticism from the public and colleagues after the insurrection at the U.S. Capitol Jan. 6. The two senators have been singled out for their rhetoric and support that emboldened the mob that violently overtook the Capitol seeking to injure and kill members of Congress.

Rep. AOC expanded on her thoughts and fully laid bare the hypocrisy in Sen. Cruz’s tweet.

Rep. AOC is not someone who messes around with these issues. She is demanding accountability from those in government who have long created problems and take no responsibility. This is just the latest issue in her fight.

READ: Rep. AOC Took Up For A Medic Who Turned To OnlyFans For Extra Cash Because America Needs To Increase Wages

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Sen. Ted Cruz Fell Asleep While President Biden Spoke About Immigration

Things That Matter

Sen. Ted Cruz Fell Asleep While President Biden Spoke About Immigration

Screenshot via C-SPAN

On Wednesday night, President Joe Biden gave a speech to the joint session of Congress. Biden’s speech covered everything from gun control, to COVID-19, to immigration reform, to his new $1.8 trillion “families plan”. But one person, in particular, didn’t seem to care about any of it. That person, of course, was Ted Cruz.

When President Joe Biden was in the middle of speaking about the current immigration crisis going on, the camera panned to Ted Cruz who appeared to be nodding off.

Joe Biden, speaking on immigration, was saying, “If you actually want to solve a problem, I’ve sent a bill to take a close look at it,” but Rafael Cruz, apparently, wasn’t awake to hear about the problem that needed to be solved. And it wouldn’t be the first time Cancún Cruz checked out when facing a crisis.

“Look, immigrants have done so much for America during this pandemic and throughout our history,” Biden continued, while Cruz was snoozing. “The country supports immigration reform. We should act. Let’s argue over it. Let’s debate over it. But let’s act.”

Twitter quickly exploded when they saw that Rafael Cruz was falling asleep. The hashtag #TedSnooze started to trend almost immediately.

“Since @tedcruz lives in Texas and Biden is talking about exactly the immigration issue he and his constituents scream about, could Ted stay awake for just a minute or two?” wrote one angry Twitter user.

“Daydreaming about being in Cancún and screwing his constituents over again,” wrote another.

But some weren’t so convinced that Cruz’s sleepiness was authentic. After all, this is a man who isn’t afraid to engage in theatrics to keep the spotlight on him. “My first & persistent thought seeing the pics: ‘That’s someone pretending to sleep to be a jerk [because] he has nothing better to offer. Troll,'” wrote one skeptical Twitter user.

Later, when he appeared on Fox News to recap Biden’s speech, Cruz wanted to make sure that the entire nation knew what he thought of Biden’s speech: boring.

“You could sum up tonight’s speech in three words: boring but radical,” he said to Sean Hannity. “The speech by design was calm and dulcet tones. I challenge you to remember a single line from the speech.”

Since then, Ted Cruz has been retweeting images of him “sleeping” during Biden’s speech like it somehow proves how “boring” Biden’s speech was. Cruz’s behavior lends credence to the theory that he was, in fact, faking his sleepiness.

Based on Sen. Ted Cruz’s past shenanigans, we wouldn’t put it past him to have pretended to fall asleep on Wednesday just to keep the headlines revolving around him. In the end, that’s what’s most important to him.

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The Census Results Are In And Things Don’t Look Great For California & Other States

Things That Matter

The Census Results Are In And Things Don’t Look Great For California & Other States

Justin Sullivan/Getty Images

Between 2010 and 2020, the United States experienced its second slowest growth rate in history. Although the country’s population has surpassed 331 million people for the first time, several states saw declining population numbers and will see their representation in Congress cut.

Did your state grow between 2010 and 2020? Or will it lose a seat in the House of Representatives? Here’s what you need to know.

The U.S. Census data is in and it’s a mixed bag for many states.

Perhaps the biggest news from the census data is that the country’s most populous state, California, will lose a seat in the House of Representatives. Meanwhile, several southern states (those that typically vote Republican) will gain representation as Texas adds two Congressional seats and Florida and North Carolina add one each.

The U.S. Census Bureau’s acting director, Ron Jarmin, reported the new state population counts at a virtual news conference. The long-awaited announcement has reset the balance of power for the next decade in the House of Representatives and the Electoral College, where each state’s share of votes is tied to its census numbers.

Other states that will see their representation shift include Pennsylvania, Ohio, Illinois, New York, Michigan, and West Virginia, all of which will lose one seat. Oregon, Colorado and Montana will add a seat.

What does this mean for elections moving forward?

This data shows that the nation’s political center of gravity keeps shifting further to the Republican-led South and West. The census release marks the official beginning of the once-a-decade redistricting battles. The numbers released Monday, along with more detailed data expected later this year, will be used by state legislatures or independent commissions to redraw political maps to account for shifts in population.

Meanwhile, Americans continue to move to GOP-run states. For now, that shift provides the Republicans with the opportunity to shape new congressional districts to maximize the influence of their voters and have a major advantage in upcoming elections—possibly enough to win back control of the U.S. House.

But in the long term, it’s not clear the migration is good news for Republicans. Many of the fastest-growing states are increasingly competitive political battlegrounds where the new arrivals —including many young people and people of color— could at some point give Democrats an edge.

Do we know more about the demographic makeup of the country?

Not yet, that data will be released during the second census announcement later this year. The bureau plans to start releasing this information by Aug. 16. This data will also used to guide the distribution of an estimated $1.5 trillion a year in federal money for Medicare, Medicaid, education and other public services for local communities.

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