E18: Inauguration talk, breaking down the $1.9T stimulus, the case for recalling Gavin Newsom & more

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No tradeable captures. Inauguration reactions: Chamath emotional (travel ban / path-to-citizenship EO), Friedberg warns 46% already disapprove and unity talk rings hollow to the losing side, Sacks won't 'swoon over an octogenarian reading cliches' but credits the layups; besties reveal a reconciliation wives-dinner after the E16/17 heat (quarterly besties dinner instituted). Impeachment 2.0: Chamath predicts McConnell set the stage and conviction has 'a real chance' (wrong — acquitted Feb 2021; politics, no instrument); Sacks wants to move on (trial = another Trump season); Friedberg's Patriot-Party game theory (20M defectors → GOP forced left → Dems further left); Teddy Roosevelt/Bull Moose analogy. Sacks flags Schiff's domestic-Patriot-Act bill (stands with Tlaib against it); PayPal/Stripe/Square canceling Jan-6-'connected' accounts = speech cartel spreading to fintech; Chamath: FBI already has the powers, new surveillance = honeypot for foreign attackers. Facebook Oversight Board takes the Trump case: Chamath torches it (unelected global panel can't adjudicate national speech norms; 'fig leaf'; respects Google/FB pulling out of Australia more), Friedberg maps the independence playbook (Android open-source win vs Libra flop vs Jack's Blue Sky), Sacks wants First-Amendment-standard moderation + floats Epstein's COMMON CARRIER regulation (railroads couldn't refuse Lincoln passage); Chamath's PE-compression observation: market is already pricing big tech becoming quasi-governmental utilities (interesting but no directional call). China corner: TikTok gets swept under the rug (Sacks); Jack Ma hostage-video read — 'flush the moral imperative down the toilet, you work for the CCP now' (Khodorkovsky parallel); Friedberg's Climate Corp spy story (Haitao, nitrogen-model code in a thumb drive, FBI airport intercept, now in prison); Wray kept on = China-policy continuity (new counterintel case every 10 hours, half of ~5,000 cases China-related). $1.9T stimulus breakdown (Friedberg): 4-bill arc (CARES → Dec $900B → this → infrastructure-with-green-energy next); $350B state/local bailout de-risks MUNI bond dominoes; M1 +75% in a year; torches $160B COVID-fighting as skating to where the puck was ($150/head vaccination cost; wants 10% of it in modular biomanufacturing — 4g/L, $200M per half-million-liter facility, print-vaccines-in-30-days readiness); Chamath's infrastructure wish: World-Bank-style project insurance + bilateral IP deals (Japanese battery IP, NSA-protected) to onshore climate manufacturing; Jason notes $1T nuclear-weapons upgrade. Sacks' debt warning (Dirksen quote): eventual monetization → inflation, middle-class savings wiped while asset owners protected, 'maybe Bitcoin becomes the world's reserve currency' — early inflation/debasement rumble, hedged and horizonless, digest (watch for a real birth in spring 2021 eps). Labor-vs-capital corner: Chamath's ownership-ghetto thesis + accreditation-law rant (sophisticated-investor test), Jason's $5K-at-birth 401k + minimum-equity-participation floated (Sacks: free market handles it), Chamath: US 'reemerges like a phoenix' on climate/ag/bio/tech over 10-20 years (decade-scale, no instrument). Newsom recall: 1.2M of 1.5M signatures, ~85% verification, on track for ~July election (Sacks predicts ~150 replacement candidates); recall reasons ranked; CA at 37% doses deployed vs FL/TX ~50-56%; Chamath announces joke-platform (zero taxes, teacher raises, vouchers). Wilkinson cancellation (right-wing mob fires a liberal for a Pence joke): Sacks rejects eye-for-an-eye cancel culture — 'you're buying into the premise.' Labels clean.