In Crazy Banana-Republic Moment, Mob Storms U.S. Capitol, Senate & House. Lawmakers Evacuated. But No Problem, Stocks Are Up | Wolf Street

Just before, majority leader of the Senate Mitch McConnell, Republican Senator of Kentucky, was giving a speech explaining his intention to vote against other Senators’ challenges against Joe Biden’s victory, according to the New York Times. In the speech, he called some of President Trump’s claims of election fraud “sweeping conspiracy theories.” He said, “The voters, the courts, and the states have all spoken. If we overrule them all, it would damage our republic forever.” And he added, “If this election were overturned by mere allegations from the losing side, our democracy would enter a death spiral.”

This is truly a shocking and historic moment for the US, where a mob, riled up by the President who’d lost an election but refuses to concede, stormed into the Capitol, with Senators and Members of the House being rushed out of the way to safety.

This moment, and its consequences, have stained US democracy forever. Democracy is never a perfect thing. It’s always messy and noisy. Lots of people are rightfully cynical about the processes, about the money involved, about the abuses of power, about the behind-the-scenes shenanigans, about the characters involved, about how people get trampled by this system. But there are checks and balances. The whole system with all its warts, wrinkles, and blemishes, is supposed to enable a peaceful transfer of power so that the Nation can go on. That’s the bedrock of US democracy. But what we’re seeing today is a crazy banana republic moment.

In Crazy Banana-Republic Moment, Mob Storms U.S. Capitol, Senate & House. Lawmakers Evacuated. But No Problem, Stocks Are Up | Wolf Street