The National  Memo Logo

Smart. Sharp. Funny. Fearless.

Monday, December 09, 2019 {{ new Date().getDay() }}

Overstock CEO Patrick Byrne resigned Thursday after recent comments pushing a Trump-style “deep state” conspiracy caused company shares to collapse.

“I am in the sad position of having to sever ties with Overstock, both as CEO and board member, effective Thursday August 22,” Patrick Byrne said in a statement released Thursday.

Shares in Overstock plummeted nearly 40 percent, the worst two-day decline in the company’s history, just a little over a week ago when Byrne began pushing his story.

“Everything you think you know about the Russia and Clinton investigations was a lie, it was all political espionage. I think [William Barr] has gotten to the bottom of it,” Byrne told Fox Business on August 12.

Byrne also released a statement referring to federal agents as “Men In Black” and said he had assisted investigations relating to the Clintons and Russia. The release was headlined, “ CEO Comments on Deep State, Withholds Further Comment.”

The conspiracy-laden comments that caused the company to lose millions in value and led to Byrne’s ouster sound similar to what Trump has ranted about for months.

Trump began pushing the idea of a “deep state,” referring to alleged actors within the federal government working to end his presidency, from very early on in 2017.

The wild allegation, which traces its roots to 9/11 and Sandy Hook conspiracy theorist Alex Jones, was an attempt to defend and explain away the FBI investigation of his campaign’s interactions with Russian elements.

Since Trump began pushing the idea, the phrasing has been adopted by other Republicans and by Trump’s allies at outlets like Fox News.

Unlike Byrne, the Republican Party’s “deep state” aficionados are not being forced out of their positions.

Published with permission of The American Independent.


Start your day with National Memo Newsletter

Know first.

The opinions that matter. Delivered to your inbox every morning

Donald Trump

Image via Twitter

A year after former President Donald Trump left the White House and Joe Biden was sworn in as president of the United States, Trump continues to have considerable influence in the Republican Party. Sen. Lindsey Graham of South Carolina, a former Trump critic turned Trump sycophant, recently told Fox News that having a “working relationship” with Trump must be a litmus test for anyone in a GOP leadership role in Congress. But an NBC News poll, conducted in January 14-18, 2022, finds that many Republican voters identify as Republicans first and Trump supporters second.

Analyzing that poll in the New York Times on January 21, reporters Leah Askarinam and Blake Hounshell, explain, “Buried in a new survey published today is a fascinating nugget that suggests the Republican Party may not be as devoted to Trump as we’ve long assumed. Roughly every month for the last several years, pollsters for NBC News have asked: ‘Do you consider yourself to be more of a supporter of Donald Trump or more of a supporter of the Republican Party?’ Over most of that time, Republicans have replied that they saw themselves as Trump supporters first.”

Keep reading... Show less

Ivanka Trump, right

Image via @Huffington Post

As House Speaker Nancy Pelosi’s select committee on the January 6, 2021 insurrection moves along, it is examining Ivanka Trump’s actions that day — especially the former White House senior adviser urging her father, then- President Donald Trump, to call off his supporters when the U.S. Capitol Building was under attack. This week, Ivanka Trump’s importance to the committee is examined in a column by liberal Washington Post opinion writer Greg Sargent and an article by blogger Marcy Wheeler.

Sargent notes that the committee’s “new focus on Ivanka Trump” shows that it “is developing an unexpectedly comprehensive picture of how inextricably linked the violence was to a genuine plot to thwart a legitimately elected government from taking power.”

Keep reading... Show less
{{ }}