Alexander Panetta retweeted
Notable from @SenWarren.
NVIDIA’s CEO just confirmed a relationship with a suspected Chinese spy.

Congress is back today. We have legislation ready to go to stop advanced AI chips from fueling China’s military.

Let’s get this done.
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Alexander Panetta retweeted
On the Jensen Huang-Alice Huang affair, you have to give the MSS credit for running another successful op. They are good and getting better.

I have seen some takes that it is no big deal he had an affair with an alleged PRC spy because he needed no pillow talk convincing to push for looser export controls, but that misses a few things:

He is (was?) text and phone buddies with President Trump, so if he divulged anything about his conversations with Trump to her, or his thoughts about Trump or chatter about China policy or frankly anything from Trump, that would be valuable to any foreign intelligence service, and especially to the MSS;

Was she ever alone with his phone or computer, say when he got up to use the bathroom? Are Nvidia IT/device policies for travel to Taiwan and Singapore looser than those for travel to the mainland? What value would there be to the MSS to have physical access to the devices of the Nvidia CEO?;

He is the chip allocator in chief, so a good relationship with him likely meant more chips for the MegaSpeed front and the entities back in the PRC to which those chips flowed.

With the new Congress, expect subpoenas and public hearings in which he is trashed and he and Nvidia are further damaged. What a win for the MSS, to have such access to the head of the most important company in the world, and to now get to watch as politicians and shorts attack him and Nvidia.

There is rarely just one lie, so don’t be surprised if the blast radius from this mess expands. And there is already the SuperMicro case…
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Alexander Panetta retweeted
Keeps getting weirder
NYT reports on an additional wrinkle to the Nvidia spy scandal.

They found that several of the Chinese companies that the Commerce Department approved to buy H200 Nvidia chips don’t seem to exist or have direct ties to the Chinese military.

nytimes.com/2026/11/07/bus…
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TIL telling my kids about Abraham Lincoln: unexpected IMDB actor profile
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Here's a game I made to get my kids pumped up for a trip to Rome. You meet ancient Romans and help them -- by answering math/reading questions. Different scenes, different age levels, multiple outcomes, and English/Italian versions. Feel free to share with any kids (or adults) tps://t.co/iwS9udfn2c
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Alexander Panetta retweeted
The story keeps getting crazier. To recap everything that has been reported so far:

- The US intelligence community discovered that Jensen Huang, the CEO of the largest company in the world, was sleeping with Alice Huang, a Chinese spy and an executive at Megaspeed. (FT)
- Multiple independent investigations have concluded that Megaspeed is likely a Chinese cutout, which helps Chinese companies access AI chips or circumvent export controls. (NYT and Bloomberg)
- The US intelligence community also concluded that Alice Huang’s goal was to convince Jensen to lobby the U.S. government to loosen export controls on advanced AI chips. (NYT)
- The intelligence community relayed this information to “a small group of top US government officials” earlier this year. (FT)
- Over the last year, Jensen Huang has repeatedly lobbied the U.S. government to loosen export controls on advanced chips. @BISgov has done so, not only by permitting the export of H200 chips to China, but also not enforcing export controls that would have required a license for exports of the most advanced Blackwell chips to Megaspeed and Southeast Asia.
- Although @CommerceGov leadership was presumably briefed on this information by the U.S. intelligence community, @BISgov has taken no actions to tighten controls on Megaspeed or Southeast Asia.
- Megaspeed remains a preferred cloud partner of Nvidia, and continues to receive Nvidia Blackwell chips despite employing a Chinese spy who reportedly is romantically engaged with the CEO of Nvidia.
- Tens of billions of dollars worth of AI chips have been exported to Southeast Asia this year alone, and Malaysia and Singapore are now two of the four largest importers of AI chips in the world.

What is going on here??? We need answers. The question of who gets the most advanced AI chips in the world is literally the defining strategic question of our time. And not only does it seem like the MSS may be directly influencing the debate on export controls in the United States, but also @CommerceGov is refusing to listen to the warnings of the IC on this issue. What is a POSSIBLE good explanation for why Megaspeed is still receiving chips? Why is there not a license requirement for AI chip shipments to all of Southeast Asia? This is beyond strange at this point.

The fallout from this story will be massive. Obviously, the motivations underpinning Nvidia’s policy views opposing export controls must now all be questioned. But also, how did @BISgov sit on this information and has still taken no actions? We need answers.
US intelligence agencies believe @nvidia CEO Jensen Huang had romantic relationship with alleged Chinese spy

as.ft.com/r/97c2f9f7-ad2…
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Alexander Panetta retweeted
Financing is Russia’s actual weak spot, and Trump just eased the pressure on it. “It’s become a hugely expensive undertaking for them, lasting much longer than the Russians expected,” Taylor says — oil and gas sales are what’s covering the gap. 4/13
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A legend of Washington trade analysis. And a wonderful man. Every time I called him, I learned something new. Even in retirement, he would take the time to walk a reporter through the details of trade law -- and more often than not, he accurately predicted what was coming well before it happened.
The field lost a great mind and kind human being. I am indebted to Gary for pioneering research on North American integration that inspired my own work. He will be dearly missed. piie.com/blogs/realtime…
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Alexander Panetta retweeted
This election cycle truly had everything
The rare Republican win in a blue state?

Luigi Mangione's cousin, Nino Mangione, who appears poised to win a Baltimore city council seat
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Alexander Panetta retweeted
Anyone who wants to get in politics on any level better read it!
Scott Colom has read the LBJ series
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Alexander Panetta retweeted
“No new AI regulations are needed” has 1/3 support of “defunding the police.” If you’re in an information environment where that’s a common position, maybe reflect on that
The GOP had a massive money advantage. I asked
@davidshor why it bought the party so few votes.

His answer: Campaign donations are helpful. But the freedom to ignore rich weirdos' preferences is priceless.
vox.com/politics/50947…
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Alexander Panetta retweeted
Washington Post: The House is laying the groundwork to investigate Trump's use of Musk's AI chatbot, Grok, to plan the military operation and capture of Maduro, according to those people. Lawmakers are also eyeing Apple over its hosting of tracking apps used by U.S. Immigration and Customs Enforcement, and Meta over its demands that local governments sign nondisclosure agreements related to data center development.
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Assuming Trump vetoes, it'll take a dozen Senate Republicans. We'll see...
Exclusive: Democrats want to repeal President Trump’s tariffs on Canada as a first step in a rollback of his administration’s tariff agenda on.wsj.com/4z38ppY
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RT @davidshepardson: .@AbdulElSayed cites ending Trump trade war with Canada as second priority
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Alexander Panetta retweeted
Luci Baines Johnson came to celebrate last night.

We just took back her dad’s Senate seat.
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It is kind of extraordinary that Connor Freaking McDavid is the *most improved* player in the NHL this season. Like Godzilla doubling in size. trendline.hockey
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Ain't it something that 'trade war with Canada' was identified as a top issue by almost as many voters in this exit poll from Kansas as 'real war with Iran'.
History was made last night.

For months, we were saying that 2026 was the most consequential midterm election of our lifetimes.

Unfortunately, we were right. Sometimes history is to be celebrated; other times, it is to be mourned. Always, it must be reckoned with.

2026 was not simply a blue wave; it was a blue tsunami. It was an ass kicking. It was not simply a bad 2006 midterm election. It was a Watergate-level repudiation. What happened, and why? What are the consequences, and where on earth do we go from here?

When all the votes were counted, the problem wasn’t turnout. Instead, our voters, Republicans, Libertarians, Independents, showed up and voted, and rejected our candidates, voting Democrat instead. We’ve lost the House. We’ve lost the Senate. When all is said and done, we will have lost eight to 10 Senate seats.

We lost in historically red states, like South Carolina and North Carolina, Kansas and Iowa. We lost in purple states, like Michigan, and New Hampshire, and Georgia. And we just barely won by just a single point in bright red states like Florida and Louisiana, and then there’s Texas.

Nowhere are the consequences of this election greater than Texas. In the Lone Star State, we lost every single statewide election. For weeks, I had been publicly warning on this podcast that we were in very real danger of losing everything in Texas. Far too few believed that was possible. I am very, very sorry that it came to pass. Texas has not had a Democrat governor since 1994. We haven’t had a Democrat senator since 1993. Now we’ll have both.

Why were the results so overwhelming? Pundits and analysts will break down the results for weeks or months or even years to come, but several things are already evident today.

Years ago, the very best political advice I ever got was from Heidi. She said, “It’s not about you. It’s about them. It’s about their kids, their families, their hopes, their dreams, their futures.” Too many politicians forget that.

Take the state of Kansas, for example, a state that has not elected a Democrat senator since 1932. It just did. Here’s what exit polling showed were the top issues in Kansas.

Number one, cost of living, energy, and groceries. That was listed as number one by 30.6 percent of voters.
Corruption. Number two, 18.5%.
The cost of the Iran war, 10.1%.
The candidates are terrible, 7.9%.
The Canada trade war, 7.6%.
The GOP didn’t do enough to support Trump, 6.6%.
Republicans didn’t pass the Save America Act, 5.6%.
Trump’s focus on monuments, 5.5%, and data centers and AI, 3.8%.

The top issue, cost of living, is very real. Too many in politics dismissed it. They didn’t understand. They pointed to the macro numbers showing the stock markets soaring, median income at record highs, and poverty at record lows. Those data are true, but they don’t tell all of the story.

Here are some stats that are a lot more real and personal. Spam, Hormel’s processed meat substitute, broke record sales, selling 113 million cans last year. That is nearly as much spam as was sold during the entirety of World War II. 29 percent of Americans have used buy now, pay later for groceries this year. That’s double the share just two years ago.

In August, banks repossessed 42% more homes than they did last year. In 2024, car repossessions topped 2.3 million, above the 2009 peak in the middle of the Great Financial Crisis. In 2025, 6% of 401k holders took hardship withdrawals, paying penalties. That is a record, and triple the norm.

And here’s one that’s really stunning. Americans made more than 75 million paid plasma donations in 2026. That’s another record. That means 200,000 Americans every single day, with a needle in their arm, just to pay for groceries.

That is very real pain from real Americans, and too many Republican politicians seem like they didn’t understand or they didn’t care. Food is too high, gas is too high, diesel is too high, insurance is too high, life is too high.

Tariffs have made everything too expensive, and the Iran war has dragged on too long. It should have been brief, decisive, and over. It needs to end, and we should never, under any circumstances, give the Ayatollah billions of dollars.

There’s a very real economic disconnect. Our K-shaped economy is a yawning divide. Last year, we saw the world’s very first trillionaire, a modern-day Thomas Edison, at the very same time that millions were struggling to feed their families. Data centers being constructed were turning billionaires into centibillionaires, while simultaneously the average American’s electricity bill went up 30% in the last five years.

Understandably, people were pissed off, and elected Republicans didn’t do enough to address their very real pain.

So, what do we do now? We need to listen and respond. We need to champion economic policies that make a real difference in working people’s lives, and we need to deal with the consequences.

Texas is blue. That is a hard sentence to utter. But Texas, today at least, is blue. As we sit here today, I am the only statewide elected Republican who remains in Texas. That’s not something I ever thought I would say.

We can be certain that the Democrats in Austin and in Washington will overshoot. In Texas, they will try to raise taxes dramatically. They may even try to adopt a state income tax, or even a California wealth tax. They will try to shut down the energy industry, destroying jobs across our state. They will embrace the radical transgender agenda. They will persecute those they perceive to be enemies, especially Elon Musk.

And in Washington, they will attack Trump every single day, constantly. Impeachment hearings, subpoenas, his family, cabinet members, business leaders, open persecution, and nonstop retaliation. Make no mistake. Nationally, the radicals are in charge. The communists and the Islamists who have taken over the Democrat Party have now taken over the United States Congress. They will be unleashed.

Sadly, that means many Americans will be hurt. Texans will be hurt. Their assault on business will make Texas a much less attractive place to start or grow a small business. Texas will become more like California if they succeed in halting all new investment into AI.

The economic results will be dramatic. Over $700 billion in new projects are scheduled to start in the next year. If the Democrats shut them all down, our country will very likely go into a recession. That will suit the Democrats just fine. They’ll just blame it all on Donald Trump.

In the next two years, we need to do two things.

One, fight the madness. I will work with Democrats when they’re willing to be reasonable. Last night, I called James Talarico. I congratulated him on his very impressive victory. It was a pleasant conversation, and I told him that I looked forward to working with him to try to benefit Texas.

So, if there are things like flood relief for the Hill Country, or trying to get the space academy to Texas, he and I will work together. But if the newly elected radicals push policies that hurt Texas, raising taxes, destroying jobs, opening the border, releasing violent criminals, threatening our children, undermining our constitutional rights, I will fight with all of my strength to defend Texas and to defend the Constitution.

And number two, we need to rebuild, getting behind policies that directly benefit the constituents we lost.

There’s a complicated story, no doubt, of what happened on Election Day, but as I see it, the key constituencies we lost were blue-collar voters, what had rightly become the core base of our party, Evangelical Christians, who didn’t show up with the same numbers and fervor as prior elections, farmers and ranchers. Tragically, we alienated rural America. Young people, who excitedly had voted Republican in 2024, and who shifted hard blue this cycle. And of course, Hispanics.

For Hispanics, there’s a strong overlap with young people and blue-collar workers. In 2024, just two years ago, I was proud to carry Hispanics statewide in Texas by six points, and we swung the Rio Grande Valley red for the first time in a century. It can be done, but in this election, those Hispanic voters overwhelmingly went back Democrat. We have got to turn that around.

And for young people, we need to be the party of the future. We need to champion policies that expand their future. Our two single biggest legislative accomplishments of the past two years, Trump Accounts and the school choice tax credit, which will unleash tens of billions of dollars in new scholarships for kids, are generationally powerful. I was proud to author both of those transformational policies, and yet too few candidates all across the country ran on that record.

Too few voters were even aware of what we’d accomplished for their kids and their future. But we need to build. We need to expand to continue creating a new investor class for hundreds of millions of Americans, help everyone, every American, become an owner, to have real skin in the game, to create new generations of capitalists ready to reject socialism.

People voted as they did because they were angry. Ironically, the Democrats that they elected are going to advance policies that will make affordability worse. The Democrats want gas prices higher. They want to ban gasoline engines altogether. Their extreme environmental mandates will drive up food prices and the prices of everything else.

But hear me now: we will bring Texas back. I am filled with hope and optimism. Texas will be red again. We have not suddenly become a bunch of tofu-eating, gun-banning, tutu-wearing pinko commie liberals. That ain’t us. Texas is still Texas.

We will rebuild as a true blue-collar party, not by embracing socialism, but by being real free-market conservatives. The way we built the Texas economic miracle in the first place, and we will build and rebuild America as well.

When the zealots overreach, and they will, we will stand ready to lead in the direction of freedom, of prosperity, of safety, and security, and common sense. We will return to a new dawn of freedom in America.

It is dark right now, but it is always darkest before the dawn, and morning is coming. That is my fervent prayer, and that is my commitment to you.
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Replying to @Alex_Panetta
Also truly shocking how decisively Trump peed away his advantage on the economy. From exit polling on the NBC site
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Alexander Panetta retweeted
LBJ knowing the whip count from beyond the grave, decades later, is WILD.

icon. legend. lion.
when he signed the civil rights act, lbj famously told his press secretary bill moyers “we may have lost the south for your lifetime—and mine” and my brother pointed out bill moyers died last year.
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