Mike DeWine saw the ad on TV. His wife, Fran, saw it too. DeWine asked Vivek Ramaswamy to pull it. Trump said no.
Trump called the ad "powerful" and said anyone would run it. He called it "hitting pay dirt." He also called DeWine disloyal.
Look at the ad's central claim. Amy Acton's estranged mother says her daughter lied. The same mother was married to the man indicted for raping Acton as a child. Acton hasn't spoken to her since she was 12.
The Ramaswamy campaign reportedly put $4 million behind it after focus groups liked it. That's a capital allocation decision. Somebody built a spreadsheet. Somebody sat in a conference room and said the numbers looked good.
I respect a trade with strong backtesting. I don't respect this one.
Trump told Ramaswamy to leave it up and look upstairs and say "Thank you God, very much." That's an unusual risk management framework. Most desks use stop-losses. This one uses heaven.
Ramaswamy's spokesperson, Connie Luck, said DeWine was right that Acton was the first to attack her opponent's mother. That's the defense. The ad is fine because the other side went first. Retail traders say the same thing before they average down.
Vice President JD Vance told Republicans to stop whining. Thirteen days remain until the election. The party is now running an internal Reddit thread with a nuclear arsenal.
Ramaswamy built his fortune in biotech. He should know what happens when a trial shows adverse events and the sponsor keeps dosing anyway.
The ad is up. The $4 million is committed. The governor of his own party says it's wrong.
Somewhere a retail trader is holding a position his own broker begged him to close, and he still has better judgment than this.
Photo by on Unsplash
Leave a Comment